ಪತ್ರಿಕಾ ಪ್ರಕಟಣೆಗಳು - ಆರ್ಬಿಐ - Reserve Bank of India
ಪತ್ರಿಕಾ ಪ್ರಕಟಣೆಗಳು
ಏಪ್ರಿ 24, 2017
RBI imposed penalty on Bhadohi Urban Co-operative Bank Ltd., Bhadohi
The Reserve Bank of India has imposed a monetary penalty of ₹ 20,000/- (twenty thousand rupees only) on Bhadohi Urban Co-operative Bank Ltd., Bhadohi in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Policy and Practices regarding Nominal Membership, Exposure Norms and Statutory/Other Restrict
The Reserve Bank of India has imposed a monetary penalty of ₹ 20,000/- (twenty thousand rupees only) on Bhadohi Urban Co-operative Bank Ltd., Bhadohi in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Policy and Practices regarding Nominal Membership, Exposure Norms and Statutory/Other Restrict
ಏಪ್ರಿ 21, 2017
Sovereign Gold Bond Scheme 2017 -18 - Series I - Issue Price
In terms of GoI notification F. No. 4(8) - W&M/2017 and RBI circular IDMD.CDD.No.2760/14.04.050/2016-17 dated April 20, 2017, the Sovereign Gold Bond Scheme 2017-18 - Series I will be opened for subscription for the period from April 24, 2017 to April 28, 2017. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the week preceding the subscription pe
In terms of GoI notification F. No. 4(8) - W&M/2017 and RBI circular IDMD.CDD.No.2760/14.04.050/2016-17 dated April 20, 2017, the Sovereign Gold Bond Scheme 2017-18 - Series I will be opened for subscription for the period from April 24, 2017 to April 28, 2017. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the week preceding the subscription pe
ಏಪ್ರಿ 20, 2017
Sovereign Gold Bond Scheme 2017-18 – Series I
The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds 2017-18 - Series I. Applications for the bond will be accepted from April 24-28, 2017. The Bonds will be issued on May 12, 2017. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated Post Offices, and recognised Stock Exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange. The features
The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds 2017-18 - Series I. Applications for the bond will be accepted from April 24-28, 2017. The Bonds will be issued on May 12, 2017. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated Post Offices, and recognised Stock Exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange. The features
ಏಪ್ರಿ 20, 2017
Minutes of the Monetary Policy Committee Meeting April 5-6, 2017
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The fourth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held on April 5 and 6, 2017 at the Reserve Bank of India, Mumbai. 2. The meeting was attended by all the members - Dr. Chetan Ghate, Professor, Indian Statistical Institute; Dr. Pami Dua, Director, Delhi School of Economics; and Dr. Ravindra H. Dholakia, Professor, Indi
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The fourth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held on April 5 and 6, 2017 at the Reserve Bank of India, Mumbai. 2. The meeting was attended by all the members - Dr. Chetan Ghate, Professor, Indian Statistical Institute; Dr. Pami Dua, Director, Delhi School of Economics; and Dr. Ravindra H. Dholakia, Professor, Indi
ಏಪ್ರಿ 20, 2017
RBI signs Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Bank of Guyana
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Guyana. The MoU was signed by Dr Gobind N. Ganga, Governor on behalf of Bank of Guyana and Dr Urjit R. Patel, Governor on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandum of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries t
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Guyana. The MoU was signed by Dr Gobind N. Ganga, Governor on behalf of Bank of Guyana and Dr Urjit R. Patel, Governor on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandum of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries t
ಏಪ್ರಿ 19, 2017
Au Small Finance Bank Limited commences operations
Au Small Finance Bank Limited has commenced operations as a small finance bank with effect from April 19, 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. Au Financiers (India) Limited, Jaipur 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 September 16,
Au Small Finance Bank Limited has commenced operations as a small finance bank with effect from April 19, 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. Au Financiers (India) Limited, Jaipur 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 September 16,
ಏಪ್ರಿ 18, 2017
RBI signs Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Royal Monetary Authority of Bhutan
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Royal Monetary Authority of Bhutan. The MoU was signed by Mr Phajo Dorjee, Deputy Governor on behalf of Royal Monetary Authority of Bhutan and Mr S S Mundra, Deputy Governor on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Royal Monetary Authority of Bhutan. The MoU was signed by Mr Phajo Dorjee, Deputy Governor on behalf of Royal Monetary Authority of Bhutan and Mr S S Mundra, Deputy Governor on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of
ಏಪ್ರಿ 18, 2017
RBI cancels Certificate of Registration of 4 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four Non-Banking Financial Companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1 M/s Mumbai Discount Finance Private Limited 202, Nadiadwala Market, Poddar Road, Malad (East), Mumbai – 40009
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four Non-Banking Financial Companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1 M/s Mumbai Discount Finance Private Limited 202, Nadiadwala Market, Poddar Road, Malad (East), Mumbai – 40009
ಏಪ್ರಿ 18, 2017
20 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Akansha Consultancy Services Limited 705, Galav, Sayajigunj, Vadodara – 390005
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Akansha Consultancy Services Limited 705, Galav, Sayajigunj, Vadodara – 390005
ಏಪ್ರಿ 18, 2017
RBI opens the Office of the Banking Ombudsman at Jammu
Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, New Delhi-I, the Reserve Bank has set up an Office of the Banking Ombudsman for the State of Jammu and Kashmir at Reserve Bank of India, Jammu. The Office of the Banking Ombudsman at Reserve Bank of India, Jammu will have the jurisdiction over the entire State of Jammu and Kashmir which, hitherto was un
Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, New Delhi-I, the Reserve Bank has set up an Office of the Banking Ombudsman for the State of Jammu and Kashmir at Reserve Bank of India, Jammu. The Office of the Banking Ombudsman at Reserve Bank of India, Jammu will have the jurisdiction over the entire State of Jammu and Kashmir which, hitherto was un
ಏಪ್ರಿ 17, 2017
RBI extends Directions issued to the HCBL Co-operative Bank Ltd., Lucknow
The Reserve Bank of India has extended directions issued to the HCBL Co-operative Bank Ltd., Lucknow for a further period of six months from April 16, 2017 to October 15, 2017, subject to review. The bank had been under directions since the close of business on April 16, 2015 vide directive dated April 10, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified and its validity extended upto April 15, 2017. The sa
The Reserve Bank of India has extended directions issued to the HCBL Co-operative Bank Ltd., Lucknow for a further period of six months from April 16, 2017 to October 15, 2017, subject to review. The bank had been under directions since the close of business on April 16, 2015 vide directive dated April 10, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified and its validity extended upto April 15, 2017. The sa
ಏಪ್ರಿ 17, 2017
RBI opens the Office of the Banking Ombudsman at Raipur
Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, Bhopal, the Reserve Bank has set up an Office of the Banking Ombudsman for the State of Chhattisgarh at Reserve Bank of India, Raipur. The Office of the Banking Ombudsman at Reserve Bank of India, Raipur will have the jurisdiction over the entire State of Chhattisgarh which, hitherto was under the juris
Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, Bhopal, the Reserve Bank has set up an Office of the Banking Ombudsman for the State of Chhattisgarh at Reserve Bank of India, Raipur. The Office of the Banking Ombudsman at Reserve Bank of India, Raipur will have the jurisdiction over the entire State of Chhattisgarh which, hitherto was under the juris
ಏಪ್ರಿ 14, 2017
Sovereign Gold Bond Scheme 2016 -17 – Series IV
The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds 2016-17 - Series IV. Applications for the bond will be accepted from February 27, 2017 to March 3, 2017. The Bonds will be issued on March 17, 2017. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated Post Offices, and recognised Stock Exchanges viz., National Stock Exchange of India Limited and Bombay Stock Ex
The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds 2016-17 - Series IV. Applications for the bond will be accepted from February 27, 2017 to March 3, 2017. The Bonds will be issued on March 17, 2017. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated Post Offices, and recognised Stock Exchanges viz., National Stock Exchange of India Limited and Bombay Stock Ex
ಏಪ್ರಿ 13, 2017
Sixth Bi-monthly Monetary Policy Statement, 2016-17 Resolution of the Monetary Policy Committee (MPC), Reserve Bank of India
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The decision of the MPC is consistent with a neutral
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The decision of the MPC is consistent with a neutral
ಏಪ್ರಿ 13, 2017
RBI extends Directions to Jamkhed Merchants Co-operative Bank Ltd., Ahmednagar, Maharashtra
Jamkhed Merchants Co-operative Bank Ltd., Ahmednagar, Maharashtra, was placed under directions for a period of six months vide directive dated April 07, 2016 from the close of business on April 12, 2016. The validity of the directions was extended for a period of six months from October 13, 2016 to April 12, 2017 vide directive dated October 06, 2016. The validity of the aforesaid directions has been further extended for a period of two months upto June 12, 2017 dated
Jamkhed Merchants Co-operative Bank Ltd., Ahmednagar, Maharashtra, was placed under directions for a period of six months vide directive dated April 07, 2016 from the close of business on April 12, 2016. The validity of the directions was extended for a period of six months from October 13, 2016 to April 12, 2017 vide directive dated October 06, 2016. The validity of the aforesaid directions has been further extended for a period of two months upto June 12, 2017 dated
ಏಪ್ರಿ 12, 2017
RBI announces draft guidelines of Simplified Hedging Facility for Residents and Non-Residents
The Reserve Bank of India today released draft guidelines of Simplified Hedging Facility for Residents and Non-Residents which permits dynamic hedging of currency risk and simplifies the procedure involved in booking hedge contracts. To monitor activity under this facility, banks and exchanges will report customer data to the Trade Repository on a regular basis. Comments on the draft guidelines are invited from banks, market participants and other interested parties b
The Reserve Bank of India today released draft guidelines of Simplified Hedging Facility for Residents and Non-Residents which permits dynamic hedging of currency risk and simplifies the procedure involved in booking hedge contracts. To monitor activity under this facility, banks and exchanges will report customer data to the Trade Repository on a regular basis. Comments on the draft guidelines are invited from banks, market participants and other interested parties b
ಏಪ್ರಿ 11, 2017
RBI announces Draft Framework on introduction of Tri-Party Repo
The Reserve Bank of India, today, released the draft framework on the introduction of Tri-Party Repo. Tri-party repo will enable market participants to use underlying collateral more efficiently and facilitate development of the term repo market in India. Draft directions allow introduction of tri-party repo on both Government securities and corporate bonds. Comments on the draft framework are invited from market participants by May 5, 2017. Comments may be emailed or
The Reserve Bank of India, today, released the draft framework on the introduction of Tri-Party Repo. Tri-party repo will enable market participants to use underlying collateral more efficiently and facilitate development of the term repo market in India. Draft directions allow introduction of tri-party repo on both Government securities and corporate bonds. Comments on the draft framework are invited from market participants by May 5, 2017. Comments may be emailed or
ಏಪ್ರಿ 11, 2017
RBI imposes Monetary Penalty on M/s Hinduja Leyland Finance Ltd
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5 lakh on M/s Hinduja Leyland Finance Ltd. (the company) under section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934 for violation of directions/orders issued by Reserve Bank of India from time to time. Background An inspection of books and accounts of the company as on March 31, 2015 was conducted under section 45N of Reserve Bank of India Act, 1934 (the RBI Act, 1934) betw
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5 lakh on M/s Hinduja Leyland Finance Ltd. (the company) under section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934 for violation of directions/orders issued by Reserve Bank of India from time to time. Background An inspection of books and accounts of the company as on March 31, 2015 was conducted under section 45N of Reserve Bank of India Act, 1934 (the RBI Act, 1934) betw
ಏಪ್ರಿ 11, 2017
RBI imposes Monetary Penalty on M/s Shriram City Union Finance Ltd
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹20 lakh on M/s Shriram City Union Finance Ltd. (the company) under section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934 for violation of directions/orders issued by Reserve Bank of India from time to time. Background A scrutiny of sample loan accounts of the company was conducted under section 45N of Reserve Bank of India Act, 1934 (the RBI Act, 1934) during November, 2015.
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹20 lakh on M/s Shriram City Union Finance Ltd. (the company) under section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934 for violation of directions/orders issued by Reserve Bank of India from time to time. Background A scrutiny of sample loan accounts of the company was conducted under section 45N of Reserve Bank of India Act, 1934 (the RBI Act, 1934) during November, 2015.
ಏಪ್ರಿ 07, 2017
RBI releases Discussion Paper on ‘Wholesale & Long-Term Finance Banks’
The Reserve Bank of India today released on its website a Discussion Paper on ‘Wholesale & Long-Term Finance Banks’. The discussion paper explores the scope for setting up more differentiated banks, specifically wholesale & long-term finance banks in the context of having issued in-principle approvals and licences to set up differentiated banks, such as, payments banks and small finance banks. As envisaged in the discussion paper, the Wholesale and Long-Term F
The Reserve Bank of India today released on its website a Discussion Paper on ‘Wholesale & Long-Term Finance Banks’. The discussion paper explores the scope for setting up more differentiated banks, specifically wholesale & long-term finance banks in the context of having issued in-principle approvals and licences to set up differentiated banks, such as, payments banks and small finance banks. As envisaged in the discussion paper, the Wholesale and Long-Term F
ಏಪ್ರಿ 06, 2017
First Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 per cent. Consequent upon the narrowing of the LAF corridor as elaborated in the accompanying Statement on Developmental and Regulatory Policies, the reverse repo rate under the LAF is at 6.0 per cent, and the marginal standing fa
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 per cent. Consequent upon the narrowing of the LAF corridor as elaborated in the accompanying Statement on Developmental and Regulatory Policies, the reverse repo rate under the LAF is at 6.0 per cent, and the marginal standing fa
ಏಪ್ರಿ 06, 2017
Statement on Developmental and Regulatory Policies, Reserve Bank of India
This Statement reviews the progress of various developmental and regulatory policy measures announced by the Reserve Bank in recent policy statements and sets out new measures for further refining the liquidity management framework; strengthening the banking regulation and supervision; broadening and deepening financial markets; and extending the reach of financial services by enhancing the efficacy of the payment and settlement systems. I. Liquidity Management Framew
This Statement reviews the progress of various developmental and regulatory policy measures announced by the Reserve Bank in recent policy statements and sets out new measures for further refining the liquidity management framework; strengthening the banking regulation and supervision; broadening and deepening financial markets; and extending the reach of financial services by enhancing the efficacy of the payment and settlement systems. I. Liquidity Management Framew
ಏಪ್ರಿ 05, 2017
RBI appoints Smt. Malvika Sinha as New Executive Director
The Reserve Bank of India has appointed Smt. Malvika Sinha as Executive Director (ED) consequent upon appointment of Shri B P Kanungo as Deputy Governor on April 03, 2017. Smt. Malvika Sinha took charge on April 03, 2017. As Executive Director Smt. Sinha will look after Foreign Exchange Department, Department of Government and Bank Accounts and Internal Debt Management Department. Smt. Malvika Sinha holds a Masters Degree from University of Bombay and has done her Mas
The Reserve Bank of India has appointed Smt. Malvika Sinha as Executive Director (ED) consequent upon appointment of Shri B P Kanungo as Deputy Governor on April 03, 2017. Smt. Malvika Sinha took charge on April 03, 2017. As Executive Director Smt. Sinha will look after Foreign Exchange Department, Department of Government and Bank Accounts and Internal Debt Management Department. Smt. Malvika Sinha holds a Masters Degree from University of Bombay and has done her Mas
ಏಪ್ರಿ 03, 2017
Shri B.P. Kanungo appointed as RBI Deputy Governor
Shri B.P. Kanungo took over as the Deputy Governor of the Reserve Bank of India today. The Government of India, on March 11, 2017 has appointed him as the Deputy Governor of the Reserve Bank of India, for a period of three years from the date of his taking over charge of the post on or after April 3, 2017 or until further orders, whichever is earlier. Shri Kanungo was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor. As Deput
Shri B.P. Kanungo took over as the Deputy Governor of the Reserve Bank of India today. The Government of India, on March 11, 2017 has appointed him as the Deputy Governor of the Reserve Bank of India, for a period of three years from the date of his taking over charge of the post on or after April 3, 2017 or until further orders, whichever is earlier. Shri Kanungo was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor. As Deput
ಏಪ್ರಿ 03, 2017
DG Portfolios
Effective April 03, 2017, the distribution of portfolios amongst the Deputy Governors will be the following: Sr. No. Name Departments 1. Shri S.S.Mundra 1. Co-ordination 2. Central Security Cell (CSC) 3. Consumer Education and Protection Department (CEPD) 4. Department of Banking Supervision (DBS) 5. Department of Co-operative Banking Supervision (DCBS) 6. Department of Non-Banking Supervision (DNBS) 7. Financial Inclusion and Development Department (FIDD) 8. Human Re
Effective April 03, 2017, the distribution of portfolios amongst the Deputy Governors will be the following: Sr. No. Name Departments 1. Shri S.S.Mundra 1. Co-ordination 2. Central Security Cell (CSC) 3. Consumer Education and Protection Department (CEPD) 4. Department of Banking Supervision (DBS) 5. Department of Co-operative Banking Supervision (DCBS) 6. Department of Non-Banking Supervision (DNBS) 7. Financial Inclusion and Development Department (FIDD) 8. Human Re
ಏಪ್ರಿ 03, 2017
RBI cancels the licence of The Mercantile Urban Co-operative Bank Ltd., Meerut, Uttar Pradesh
It is hereby notified for the information of the public that the Reserve Bank of India (RBI) has cancelled vide order dated March 30, 2017, the licence of The Mercantile Urban Co-operative Bank Ltd., Meerut, to carry on banking business under section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949. As such, the bank is precluded from transacting the business of ‘banking’ as defin
It is hereby notified for the information of the public that the Reserve Bank of India (RBI) has cancelled vide order dated March 30, 2017, the licence of The Mercantile Urban Co-operative Bank Ltd., Meerut, to carry on banking business under section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949. As such, the bank is precluded from transacting the business of ‘banking’ as defin
ಏಪ್ರಿ 03, 2017
RBI extends Directions issued to Gokul Co-operative Urban Bank Ltd., Secunderabad
The Reserve Bank of India, in exercise of the powers vested in it under Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) has directed that the Directives issued to Gokul Co-operative Urban Bank Ltd., Secunderabad from the close of business on April 04, 2017 shall continue to apply to the bank for a further period upto June 30, 2017 subject to review. Other terms and conditions of the Directive under reference shall remain uncha
The Reserve Bank of India, in exercise of the powers vested in it under Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) has directed that the Directives issued to Gokul Co-operative Urban Bank Ltd., Secunderabad from the close of business on April 04, 2017 shall continue to apply to the bank for a further period upto June 30, 2017 subject to review. Other terms and conditions of the Directive under reference shall remain uncha
ಏಪ್ರಿ 03, 2017
First Bi-monthly Monetary Policy Statement, 2017-18 at 2.30 pm on April 06, 2017
The Monetary Policy Committee (MPC) will meet on April 5 and 6, 2017 for the First Bi-monthly Monetary Policy Statement for 2017-18. The resolution of the MPC will be placed on the website at 2.30 pm on April 6, 2017. Jose J. Kattoor Chief General Manager Press Release : 2016-2017/2650
The Monetary Policy Committee (MPC) will meet on April 5 and 6, 2017 for the First Bi-monthly Monetary Policy Statement for 2017-18. The resolution of the MPC will be placed on the website at 2.30 pm on April 6, 2017. Jose J. Kattoor Chief General Manager Press Release : 2016-2017/2650
ಮಾರ್ಚ್ 31, 2017
RBI issues Directions to The Kapol Co-operative Bank Ltd., Mumbai
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-09/12.22.111/2016-17 dated March 30, 2017) has placed The Kapol Co-operative Bank Ltd., Mumbai Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 3000 (Rupees Three Thousand only) of the total balance held in every saving bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-09/12.22.111/2016-17 dated March 30, 2017) has placed The Kapol Co-operative Bank Ltd., Mumbai Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 3000 (Rupees Three Thousand only) of the total balance held in every saving bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI
ಮಾರ್ಚ್ 30, 2017
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra
Shree Ganesh Sahakari Bank Ltd., dated April 01, 2013 Nashik, Maharashtra, was placed under directions for a period of six months vide directive under Section 35A of the Banking Regulation, Act 1949 (AACS). The validity of the directions was extended seven times for a period of six months each time vide our directives dated September 23, 2013, March 27, 2014, September 17, 2014, March 19, 2015, September 15, 2015, March 11, 2016 and September 26, 2016 respectively. Fu
Shree Ganesh Sahakari Bank Ltd., dated April 01, 2013 Nashik, Maharashtra, was placed under directions for a period of six months vide directive under Section 35A of the Banking Regulation, Act 1949 (AACS). The validity of the directions was extended seven times for a period of six months each time vide our directives dated September 23, 2013, March 27, 2014, September 17, 2014, March 19, 2015, September 15, 2015, March 11, 2016 and September 26, 2016 respectively. Fu
ಮಾರ್ಚ್ 30, 2017
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra
The Ajinkyatara Sahakari Bank Ltd, Satara, Maharashtra, was placed under directions vide directive dated September 28, 2015, from close of business on September 30, 2015. The validity of the directions was extended from time to time vide subsequent directives last being dated September 28, 2016 which was valid upto March 30, 2017 subject to review. The public is hereby advised that the Directives so issued to Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra on Sept
The Ajinkyatara Sahakari Bank Ltd, Satara, Maharashtra, was placed under directions vide directive dated September 28, 2015, from close of business on September 30, 2015. The validity of the directions was extended from time to time vide subsequent directives last being dated September 28, 2016 which was valid upto March 30, 2017 subject to review. The public is hereby advised that the Directives so issued to Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra on Sept
ಮಾರ್ಚ್ 29, 2017
Finances of NGNF Public Limited Companies, 2015-16
The Reserve Bank of India today released on its website (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_44) data relating to finances of non-government non-financial (NGNF) public limited companies, 2015-16. The data have been compiled on the basis of audited annual accounts of select 19,602 NGNF public limited companies, accounting for 39.9 per cent of population’s paid-up capital. The data have been presented for the three year period of 2013-14 to 2015-16
The Reserve Bank of India today released on its website (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_44) data relating to finances of non-government non-financial (NGNF) public limited companies, 2015-16. The data have been compiled on the basis of audited annual accounts of select 19,602 NGNF public limited companies, accounting for 39.9 per cent of population’s paid-up capital. The data have been presented for the three year period of 2013-14 to 2015-16
ಮಾರ್ಚ್ 29, 2017
Pragathi Cooperative Bank Ltd., Bengaluru, Karnataka – Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand only) on Pragathi Cooperative Bank Ltd.,Bengaluru, Karnataka, in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating Reserve Bank of India’s instructions/guidelines in respect of Housing, Real Estate and Commercial Real Estate secto
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand only) on Pragathi Cooperative Bank Ltd.,Bengaluru, Karnataka, in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating Reserve Bank of India’s instructions/guidelines in respect of Housing, Real Estate and Commercial Real Estate secto
ಮಾರ್ಚ್ 29, 2017
Opening of all Agency Banks for government business on April 1, 2017 – Revised instructions
To facilitate government receipt and payment functions, vide press release dated March 24, 2017, all Agency Banks were advised to keep all their bank branches dealing with government business open on all days in the current financial year (including Saturday, Sunday and all holidays) and on April 1, 2017. However, on reconsideration, it has been decided that these branches need not be opened on April 1, 2017. Anirudha D. Jadhav Assistant Manager Press Release : 2016-2
To facilitate government receipt and payment functions, vide press release dated March 24, 2017, all Agency Banks were advised to keep all their bank branches dealing with government business open on all days in the current financial year (including Saturday, Sunday and all holidays) and on April 1, 2017. However, on reconsideration, it has been decided that these branches need not be opened on April 1, 2017. Anirudha D. Jadhav Assistant Manager Press Release : 2016-2
ಮಾರ್ಚ್ 27, 2017
Financial Action Task Force (FATF) Public Statement dated February 24, 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
ಮಾರ್ಚ್ 26, 2017
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – The R S Co-operative Bank Ltd., Mumbai, Maharashtra
The R S Co-operative Bank Ltd. Mumbai, Maharashtra, was placed under directions vide directive dated June 24, 2015, from close of business on June 26, 2015. The validity of the directions was extended and modified from time to time vide subsequent Directives, the last being dated January 31, 2017 and was valid upto March 25, 2017 subject to review. The public is hereby advised that the Directive so issued to R S Co-operative Bank Ltd., Mumbai, Maharashtra dated June 2
The R S Co-operative Bank Ltd. Mumbai, Maharashtra, was placed under directions vide directive dated June 24, 2015, from close of business on June 26, 2015. The validity of the directions was extended and modified from time to time vide subsequent Directives, the last being dated January 31, 2017 and was valid upto March 25, 2017 subject to review. The public is hereby advised that the Directive so issued to R S Co-operative Bank Ltd., Mumbai, Maharashtra dated June 2
ಮಾರ್ಚ್ 24, 2017
All Agency Banks and select offices of RBI to remain open on all days from March 25, 2017 to April 1, 2017
To facilitate government receipt and payment functions, all Agency Banks have been advised to keep all their bank branches dealing with government business open on all days in the current financial year and on April 1, 2017 (including Saturday, Sunday and all holidays). The concerned departments of the Reserve Bank undertaking government business will also remain open on the above days. Alpana Killawala Principal Adviser Press Release : 2016-2017/2564
To facilitate government receipt and payment functions, all Agency Banks have been advised to keep all their bank branches dealing with government business open on all days in the current financial year and on April 1, 2017 (including Saturday, Sunday and all holidays). The concerned departments of the Reserve Bank undertaking government business will also remain open on the above days. Alpana Killawala Principal Adviser Press Release : 2016-2017/2564
ಮಾರ್ಚ್ 22, 2017
RBI signs Memorandum of Understanding(MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Central Bank of Nigeria
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Central Bank of Nigeria. The MoU was signed by Mr. Godwin Emefiele, Governor on behalf of Central Bank of Nigeria and Dr Urjit R Patel, Governor on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Central Bank of Nigeria. The MoU was signed by Mr. Godwin Emefiele, Governor on behalf of Central Bank of Nigeria and Dr Urjit R Patel, Governor on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of
ಮಾರ್ಚ್ 22, 2017
RBI signs Memorandum of Understanding(MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Bank of Thailand
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Thailand. The MoU was signed by Dr Veerathai Santhiprabhob, Governor on behalf of Bank of Thailand and Dr Urjit R. Patel, Governor on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Thailand. The MoU was signed by Dr Veerathai Santhiprabhob, Governor on behalf of Bank of Thailand and Dr Urjit R. Patel, Governor on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few
ಮಾರ್ಚ್ 22, 2017
Branches of Bharatiya Mahila Bank Limited to operate as branches of SBI from April 1, 2017
All branches of Bharatiya Mahila Bank Limited will function as branches of State Bank of India from April 1, 2017. Customers, including depositors of Bharatiya Mahila Bank Limited will be treated as customers of State Bank of India with effect from April 1, 2017. The Government of India has issued the Acquisition of Bharatiya Mahila Bank Limited Order 2017. The Order dated March 20, 2017 issued by the Government of India was published under Extraordinary Part II-Secti
All branches of Bharatiya Mahila Bank Limited will function as branches of State Bank of India from April 1, 2017. Customers, including depositors of Bharatiya Mahila Bank Limited will be treated as customers of State Bank of India with effect from April 1, 2017. The Government of India has issued the Acquisition of Bharatiya Mahila Bank Limited Order 2017. The Order dated March 20, 2017 issued by the Government of India was published under Extraordinary Part II-Secti
ಮಾರ್ಚ್ 21, 2017
RBI imposes penalty on Eko India Financial Services Private Limited
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 5,00,000/- (Rupees five lakh only) on Eko India Financial Services Private Limited (entity) in exercise of the powers vested under the provisions of section 30 of the PSS Act, 2007 for not adhering to RBI instructions and wrongful reporting. The Reserve Bank of India had earlier issued a show cause notice to the entity based on the scrutiny of returns, in response to which the entity made a written su
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 5,00,000/- (Rupees five lakh only) on Eko India Financial Services Private Limited (entity) in exercise of the powers vested under the provisions of section 30 of the PSS Act, 2007 for not adhering to RBI instructions and wrongful reporting. The Reserve Bank of India had earlier issued a show cause notice to the entity based on the scrutiny of returns, in response to which the entity made a written su
ಮಾರ್ಚ್ 21, 2017
RBI imposes penalty on Harihareshwar Sahakari Bank Ltd., Wai, Dist: Satara
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakhs only) on Harihareshwar Sahakari Bank Ltd., Wai, Dist: Satara in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of the provisions contained in Section 20 of BR Act, 1949 (AACS) relating to granting loans against property owned by di
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakhs only) on Harihareshwar Sahakari Bank Ltd., Wai, Dist: Satara in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of the provisions contained in Section 20 of BR Act, 1949 (AACS) relating to granting loans against property owned by di
ಮಾರ್ಚ್ 20, 2017
Reserve Bank of India Inter-Bank Hindi Essay Competition 2016-17 – Declaration of Results
With a view to encourage original writing in Hindi on banking subjects, Reserve Bank of India conducted an Inter-Bank Hindi Essay competition for 2016-17 like every year in which Staff Members (Except Rajbhasha Officers and Translators) of PSBs and FIs took part. The result of the above said competition is as below: भाषिक क्षेत्र 'क' (मातृभाषा हिंदी, मैथिली, उर्दू) स्थान प्रतिभागी का नाम व पदनाम पता प्रथम सुश्री प्रियंका गुप्ता, सहायक प्रबंधक आन्ध्रा बैंक, कोलकाता द्व
With a view to encourage original writing in Hindi on banking subjects, Reserve Bank of India conducted an Inter-Bank Hindi Essay competition for 2016-17 like every year in which Staff Members (Except Rajbhasha Officers and Translators) of PSBs and FIs took part. The result of the above said competition is as below: भाषिक क्षेत्र 'क' (मातृभाषा हिंदी, मैथिली, उर्दू) स्थान प्रतिभागी का नाम व पदनाम पता प्रथम सुश्री प्रियंका गुप्ता, सहायक प्रबंधक आन्ध्रा बैंक, कोलकाता द्व
ಮಾರ್ಚ್ 20, 2017
Branches of SBBJ, SBH, SBM, SBP and SBT to operate as branches of SBI from April 1, 2017
All branches of State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT) will function as branches of State Bank of India from April 1, 2017. Customers, including depositors of State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore will be treated as customers of State Bank of India with
All branches of State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT) will function as branches of State Bank of India from April 1, 2017. Customers, including depositors of State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore will be treated as customers of State Bank of India with
ಮಾರ್ಚ್ 17, 2017
13 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s K & P Capital Services Ltd. 73/2/2 Sangati Bhakti Marg, Off Law College Ro
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s K & P Capital Services Ltd. 73/2/2 Sangati Bhakti Marg, Off Law College Ro
ಮಾರ್ಚ್ 16, 2017
RBI imposes penalised Transport Cooperative Bank Ltd Indore
The Reserve Bank of India has imposed a monetary penalty of ₹ 5 lakh (rupees Five lakh) on Transport Cooperative Bank Ltd, Indore in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with section 46(4) of the Banking Regulation Act 1949(as applicable to Co-operative Societies) for violation of the directives/guidelines of the Reserve Bank on loan exposure norms, KYC norms and compliance to RBI Inspection Report. The Reserve Bank of Indi
The Reserve Bank of India has imposed a monetary penalty of ₹ 5 lakh (rupees Five lakh) on Transport Cooperative Bank Ltd, Indore in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with section 46(4) of the Banking Regulation Act 1949(as applicable to Co-operative Societies) for violation of the directives/guidelines of the Reserve Bank on loan exposure norms, KYC norms and compliance to RBI Inspection Report. The Reserve Bank of Indi
ಮಾರ್ಚ್ 16, 2017
RBI modified Directions issued to Navodaya Urban Co-operative Bank Ltd., Nagpur, Maharashtra
The Reserve Bank of India has modified Directions issued to Navodaya Urban Co-operative Bank Ltd., Nagpur. The Directions are valid up to June 15, 2017, subject to review. The bank was earlier placed under directions from December 15, 2016. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). A copy of the Directions is displayed on the bank's premises for perusal
The Reserve Bank of India has modified Directions issued to Navodaya Urban Co-operative Bank Ltd., Nagpur. The Directions are valid up to June 15, 2017, subject to review. The bank was earlier placed under directions from December 15, 2016. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). A copy of the Directions is displayed on the bank's premises for perusal
ಮಾರ್ಚ್ 15, 2017
Appointment of member on Local Board of Reserve Bank of India
In exercise of the powers conferred by sub-section (1) of section 9 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government has appointed Shri Dilip S. Shanghvi as Member on the Western Area Local Board of Reserve Bank of India, for a period of four years with effect from March 11, 2017 or until further orders, whichever is earlier. Ajit Prasad Assistant Adviser Press Release: 2016-2017/2458
In exercise of the powers conferred by sub-section (1) of section 9 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government has appointed Shri Dilip S. Shanghvi as Member on the Western Area Local Board of Reserve Bank of India, for a period of four years with effect from March 11, 2017 or until further orders, whichever is earlier. Ajit Prasad Assistant Adviser Press Release: 2016-2017/2458
ಮಾರ್ಚ್ 14, 2017
Bilingual/Hindi House Magazine Competition 2015-16 for Public Sector Banks and Financial Institutions - Result
With a view to encourage Hindi in Bank’s publications, Reserve Bank of India conducts Bilingual/Hindi House Magazine Competition for Public Sector Banks and Financial Institutions every year. RBI has released the result of the competition for the year 2015-16. Ajit Prasad Assistant Adviser Press Release : 2016-2017/2435
With a view to encourage Hindi in Bank’s publications, Reserve Bank of India conducts Bilingual/Hindi House Magazine Competition for Public Sector Banks and Financial Institutions every year. RBI has released the result of the competition for the year 2015-16. Ajit Prasad Assistant Adviser Press Release : 2016-2017/2435
ಮಾರ್ಚ್ 14, 2017
Sovereign Gold Bond- Dematerialisation
The Reserve Bank of India, in consultation with the Government of India, has issued six tranches of Sovereign Gold Bonds for a total value of ₹ 4145 crore till date. Investors in these bonds have been provided with the option of holding them in physical or dematerialized form. The requests for dematerialization have largely been processed successfully. A set of records, however, could not be processed for various reasons such as mismatches in names and PAN numbers, in
The Reserve Bank of India, in consultation with the Government of India, has issued six tranches of Sovereign Gold Bonds for a total value of ₹ 4145 crore till date. Investors in these bonds have been provided with the option of holding them in physical or dematerialized form. The requests for dematerialization have largely been processed successfully. A set of records, however, could not be processed for various reasons such as mismatches in names and PAN numbers, in
ಪೇಜ್ ಕೊನೆಯದಾಗಿ ಅಪ್ಡೇಟ್ ಆದ ದಿನಾಂಕ: ಜುಲೈ 28, 2025