The Reserve Bank today held a Conference in Mumbai of the Directors on the Boards of Private Sector Banks on the theme ‘Transformative Governance through Sound Boards’. This is the second annual Conference organised by the Reserve Bank with the Boards of Private Sector Banks as part of a series of engagements with Boards of RBI’s Supervised Entities. The Conference had participation of over 200 Directors of Private Sector Banks, including Chairmen and Managing Directors & Chief Executive Officers.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 03-Nov-2023 18-Oct-2024* 01-Nov-2024* 03-Nov-2023 18-Oct-2024* 01-Nov-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 242686.82 294002.82 290287.21 246091.59 298612.42 294777.80** b) Borrowings from banks 195603.05 130776.35 135892.91 196154.31 130806.35 136043.42 c) Other demand & time liabilities 72833.36 23257.12 24605.44 73572.48 23586.00 24940.14

SBI, HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs) under the same bucketing structure as in the 2023 list of D-SIBs. The additional Common Equity Tier 1 (CET1) requirement for these D-SIBs will be in addition to the capital conservation buffer.

The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – October 25, 2024, has called on its members and other jurisdictions to refer to the statement on Democratic People’s Republic of Korea (DPRK) and Iran adopted in February 2020 which remains in effect. Further, Myanmar was added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary and FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are not disrupted. The status of Myanmar in the list of countries subject to a call for action, remains unchanged.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 20-Oct-2023 04-Oct-2024* 18-Oct-2024* 20-Oct-2023 04-Oct-2024* 18-Oct-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 240291.21 287920.78 294002.82 244279.94 292252.74 298612.42** b) Borrowings from banks 200948.20 127899.61 130776.35 201039.57 127950.17 130806.35 c) Other demand & time liabilities 71636.68 22225.29 23256.84 72437.00 22565.39 23585.72

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 06-Oct-2023 20-Sep-2024* 04-Oct-2024* 06-Oct-2023 20-Sep-2024* 04-Oct-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 233633.16 305203.01 287752.63 235968.24 309831.75 292084.59** b) Borrowings from banks 199276.58 134095.86 128068.94 199285.58 134219.35 128119.50 c) Other demand & time liabilities 71823.77 22841.08 22578.52 72475.18 23153.09 22918.62 II LIABILITIES TO OTHERS (A)

The Reserve Bank of India today released the draft circular on ‘Forms of Business and Prudential Regulation for Investments’. Comments on the draft circular are invited from banks and other stakeholders by November 20, 2024.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 22-Sep-2023 06-Sep-2024* 20-Sep-2024* 22-Sep-2023 06-Sep-2024* 20-Sep-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 238947.16 298116.19 305242.17 241286.78 302401.77 309870.91** b) Borrowings from banks 195119.20 128865.30 134120.98 195203.10 129153.89 134244.47 c) Other demand & time liabilities 70559.31 23518.75 22914.77 70625.00 23846.90 23226.77

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 08-Sep-2023 23-Aug-2024* 06-Sep-2024* 08-Sep-2023 23-Aug-2024* 06-Sep-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 248727.47 294896.40 297810.00 251106.12 298809.39 302095.57** b) Borrowings from banks 188137.55 126681.45 128865.30 188207.97 126693.70 129153.89 c) Other demand & time liabilities 69409.90 77788.66 23520.31 70117.34 78091.61 23848.47 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 19388696.45 21325126.04 21549984.81 19828360.43 21775041.27 22001736.24 i) Demand 2199179.49 2446039.12 2456817.43 2244723.98 2494144.42 2505222.10

(Amount in ₹ Crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 25-Aug-2023 09-Aug-2024* 23-Aug-2024* 25-Aug-2023 09-Aug-2024* 23-Aug-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 241128.05 292345.35 295815.45 243491.28 296541.45 299728.44** b) Borrowings from banks 199018.30 130962.87 126866.69 199138.00 130982.37 126878.94 c) Other demand & time liabilities 68276.33 76963.58 77788.62 68978.29 77260.31 78091.57

(Amount in ₹ crore)  SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 11-Aug-2023 26-Jul-2024* 09-Aug-2024* 11-Aug-2023 26-Jul-2024* 09-Aug-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 252628.38 281244.55 291409.31 254828.96 285332.96 295605.42** b) Borrowings from banks 190016.45 138751.80 130893.83 190103.13 138778.69 130913.33 c) Other demand & time liabilities 67598.24 75507.30 76787.54 68310.20 75768.13 77084.27 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 19237925.20 21193710.22 21328461.29 19678912.96 21647187.77 21779721.76

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 28-Jul-2023 12-Jul-2024* 26-Jul-2024* 28-Jul-2023 12-Jul-2024* 26-Jul-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 246355.08 277025.27 281124.93 248613.62 281004.70 285213.34 b) Borrowings from banks 193269.47 137361.61 138751.80 193383.48 137371.11 138778.69 c) Other demand & time liabilities 66076.62 75090.42 75247.02 66775.50 75387.79 75507.85 II LIABILITIES TO OTHERS (A)

Regulated Entities (REs) generally use various models as part of their credit management, including for credit appraisal, borrower scoring, pricing, risk management, etc. With a view to addressing potential risks from use of such models and ensuring robustness in the process of model deployment by REs for credit decisions, the Reserve Bank of India today released the draft circular on ‘Regulatory Principles for Management of Model Risks in Credit’. The Comments on the draft circular are invited from public/stakeholders by September 4, 2024.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of July 2024 are presented in Tables 1 to 7.

(Amount in ₹ crore)  SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS  14-Jul-2023 28-Jun-2024* 12-Jul-2024* 14-Jul-2023 28-Jun-2024* 12-Jul-2024* I LIABILITIES TO THE BKG.SYSTEM (A)             a) Demand & Time deposits from banks 245861.45 281546.34 276953.70 248180.96 285619.46 280933.13  b) Borrowings from banks 196330.08 150168.05 137548.94 196446.94 150174.05 137558.44  c) Other demand & time liabilities 63687.26 76593.71 75484.94 64379.68 76874.54 75782.30 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 19030776.86 (18876781.94) 21285820.86 (21196424.09) 21177216.41 (21090509.24) 19472237.28 (19318242.36) 21743456.65  (21654059.88) 21631374.15  (21544666.98)  i) Demand 2181426.56 2601677.37 2390991.08 2226914.90 2651692.30 2439811.75  ii) Time 16849350.30 18684143.49 18786225.33 17245322.38 19091764.35 19191562.41

The Reserve Bank of India today released the draft circular on ‘Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR) – Review of Haircuts on High Quality Liquid Assets (HQLA) and Run-off Rates on Certain Categories of Deposits’. Comments on the draft circular are invited from banks and other stakeholders by August 31, 2024. Feedback on the draft circular may be forwarded to: The Chief General Manager-in-Charge Reserve Bank of India Department of Regulation 12th Floor, Central Office Building Shahid Bhagat Singh Marg, Fort Mumbai – 400001 Or by email with subject line "Feedback on Draft circular on modification to LCR framework".

The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – June 2024, has called on its members and other jurisdictions to refer to the statement on Democratic People’s Republic of Korea (DPRK) and Iran adopted in February 2020 which remains in effect. Further, Myanmar was added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary and FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are not disrupted. The status of Myanmar in the list of countries subject to a call for action, remains unchanged.

The Reserve Bank of India has today, issued three revised Master Directions on Fraud Risk Management for the Regulated Entities viz. (i) Commercial Banks (including Regional Rural Banks) and All India Financial Institutions; (ii) Cooperative Banks (Urban Cooperative Banks / State Cooperative Banks / Central Cooperative Banks); and (iii) Non-Banking Finance Companies (including Housing Finance Companies).

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 30-Jun-2023 14-Jun-2024* 28-Jun-2024* 30-Jun-2023 14-Jun-2024* 28-Jun-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 257646.38 273308.26 281655.77 260058.33 278408.28 287360.27 b) Borrowings from banks 39731.20 152174.16 158498.40 39861.10 152178.16 158504.40 c) Other demand & time liabilities 61504.46 76032.19 76535.85 62178.02 76525.91 77044.23 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 19156018.40 20902918.07 (20809913.89) 21285327.41 21195930.64) 19598266.83 21569931.53 21476927.35) 22058064.18 21968667.41) i) Demand 2448921.30 2390694.05 2601198.84 2494898.41 2459861.36 2677831.05

The Reserve Bank held a Conference for the Statutory Auditors and Chief Financial Officers (CFOs) of Commercial Banks and All India Financial Institutions on July 9, 2024, in Mumbai. The Conference was a part of the series of supervisory engagements that the Reserve Bank has proactively been having with key stakeholders. The theme of the Conference was ‘Shared Vision, Shared Responsibility: Advancing Assurance in Banking Supervision’. The Conference was attended by over 300 participants.

The Governor, Reserve Bank of India held meetings with the MD & CEOs of Public Sector Banks and select Private Sector Banks on July 3, 2024, in Mumbai. These interactions are part of the Reserve Bank's continuous engagement with the Senior Management of its Regulated Entities. The meetings were also attended by Deputy Governors, Shri M. Rajeshwar Rao and Shri Swaminathan J., along with Executive Directors-in-Charge of Regulation and Supervision functions. The previous such meeting was held on February 14, 2024.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of June 2024 are set out in Tables 1 to 7. Highlights: Lending Rates: • The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 9.39 per cent in May 2024 (9.55 per cent in April 2024). • The WALR on outstanding rupee loans of SCBs was unchanged at 9.83 per cent in May 2024. • 1-Year median Marginal Cost of fund-based Lending Rate (MCLR) of SCBs moved to 8.85 per cent in June 2024 from 8.79 per cent in May 2024.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 16-Jun-23 31-May-2024* 14-Jun-2024* 16-Jun-23 31-May-2024* 14-Jun-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 244966.09 283850.22 273343.39 247408.55 287696.36 277132.61 b) Borrowings from banks 39769.92 163095.32 151774.70 39846.04 163135.01 151776.70 c) Other demand & time liabilities 61063.21 76511.12 75822.77 61719.33 76934.48 76088.94 

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 2-Jun-23 17-MAY-2024 * 31-MAY-2024 * 2-Jun-23 17-MAY-2024 * 31-MAY-2024 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 249775.87 289665.6 283876.16 252304.65 293548.32 287722.30 ** b) Borrowings from banks 34758.63 162652.29 162542.44 34820.26 162655.65 162582.13 c) Other demand & time liabilities 60062.35 74638.61 76467.45 60726.23 74865.41 76890.82 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 18703434.6 20814780.09 (20715332.31) 21087595.54 (20992416.71) 19143125.25 21273554.73 (21174106.95) 21545011.17 (21449832.34)

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of May 2024 are set out in Tables 1 to 7. Highlights: Lending Rates: The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 9.55 per cent in April 2024 (9.37 per cent in March 2024). The WALR on outstanding rupee loans of SCBs was at 9.83 per cent in April 2024 (9.85 per cent in March 2024).[1] 1-Year median Marginal Cost of fund-based Lending Rate (MCLR) of SCBs moved to 8.79 per cent in May 2024 from 8.85 per cen

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 19-May-23    03-MAY-2024 *    17-MAY-2024 *    19-May-23    03-MAY-2024 *    17-MAY-2024 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 243149.05    291055.4    289684.94    245652.1    292732.12    293567.66 ** b) Borrowings from banks 56459.38    167685.78    162652.29    56588.09    170176.71    162655.65 c) Other demand & time liabilities 59167.93    76526.45    74441.56    59826.67    76795.5    74668.36 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 18376356.29    20938381 (20835743.37)    20814091.81 (20714644.03)    18815257.1    21400918.13 (21298280.50)    21272866.45 (21173418.67) 

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs)    ALL SCHEDULED BANKS 5-May-23    19-APR-2024 *    03-MAY-2024 *    5-May-23    19-APR-2024 *    03-MAY-2024 * I    LIABILITIES TO THE BKG.SYSTEM (A)    a) Demand & Time deposits from banks    243113.97    292789.19    291062.05    245662.62    297191.96    292738.77 ** b) Borrowings from banks    37219.65    172085.68    168949.53    37411.07    172085.68    171440.46 c) Other demand & time liabilities    59771.4    74776.64    76698.85    60435.9    75015.18    76967.9 

As announced in the Statement on Developmental and Regulatory Policies dated October 06, 2023, with a view to strengthen the extant regulatory framework governing project finance and to harmonise the instructions across all regulated entities, the Reserve Bank of India today released the draft Direction on the prudential framework applicable to financing of project loans. Given the complexities involved in project finance, the revised guidelines seek to provide an enabling framework for the regulated entities for financing of project loans, while addressing the underlying risks. The Comments on the draft Direction are invited from public/stakeholders by June 15, 2024.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 21-Apr-23    05-APR-2024 *    19-APR-2024 *    21-Apr-23    05-APR-2024 *    19-APR-2024 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 241922.43    311538.6    293086.88    244380.07    315742.8    297489.65 ** b) Borrowings from banks 37729.21    176273.74    173959.07    38061.24    176613.81    173959.07 c) Other demand & time liabilities 58481.58    73116.45    74785.14    59135.51    73356.22    75023.68 

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of April 2024 are set out in Tables 1 to 7.

The Reserve Bank of India has today placed on its website “Guidance Note on Operational Risk Management and Operational Resilience’’ (hereafter ‘Guidance Note’). This Guidance Note aligns the Reserve Bank of India’s regulatory guidance with the Basel Committee on Banking Supervision (BCBS) Principles, viz., (a) ‘Revisions to the Principles for the Sound Management of Operational Risk’ and (b) ‘Principles for Operational Resilience’ (both issued in March 2021), while adopting the global best practices including those on operational resilience.

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated December 08, 2023 regarding issuance of a regulatory framework for aggregation of loan products by lending service providers (LSPs), the Reserve Bank of India has today placed on its website the Draft Circular on ‘Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders’.

The Reserve Bank of India has today, in exercise of its powers under Section 35A of the Banking Regulation Act, 1949, directed Kotak Mahindra Bank Limited (hereinafter referred to as ‘the bank’) to cease and desist, with immediate effect, from (i) onboarding of new customers through its online and mobile banking channels and (ii) issuing fresh credit cards.  The bank shall, however, continue to provide services to its existing customers, including its credit card customers

The framework on countercyclical capital buffer (CCyB) was put in place by the Reserve Bank in terms of guidelines issued on February 5, 2015 wherein it was advised that CCyB would be activated as and when circumstances warranted, and that the decision would normally be pre-announced. The framework envisages credit-to-GDP gap as the main indicator, which may be used in conjunction with other supplementary indicators.

(Amount in ₹ crore)  SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 07-Apr-2322-MAR-2024 *05-APR-2024 *07-Apr-2322-MAR-2024 *05-APR-2024 *I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 249235.56294470.85311328.57251872.99298436.48 

The Reserve Bank has received 13 applications to set up bank under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks. The names of these applicants were given in the press releases on April 15, August 30, December 31, 2021, January 04, 2023 and January 08, 2024. The decision on nine of these applications was announced vide press releases on May 17, 2022 and July 04, 2023.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS  (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 24-Mar-23 08-MAR-2024 * 22-MAR-2024 * 24-Mar-23 08-MAR-2024 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 26119.31 293601.62 294470.85 228516.6 297404.13 

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of March 2024 are set out in Tables 1 to 7.

Pursuant to the announcement made in the Statement on Developmental and Regulatory Policies of the Reserve Bank, as part of its Monetary Policy Statement – 2023-24 (dated October 06, 2023), a draft framework titled ‘Draft Omnibus Framework for recognising Self-Regulatory Organisations for its Regulated Entities’ was issued for public comments on December 21, 2023. Based on the examination of the inputs received, the Reserve Bank has now finalised the Omnibus Framework for recognising Self-Regulatory Organisations (SRO) for its Regulated Entities, which is given in the Annex.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 10-Mar-23 23-FEB-2024 * 08-MAR-2024 * 10-Mar-23 23-FEB-2024 * 08-MAR-2024 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 218699.94 266228.42 293601.62 220990.08 269753.71 297404.13 **  b) Borrowings from banks 81541.3 178118.67 182369.52 81963.31 178124.17 183015.74  c) Other demand & time liabilities 59183.75 71817.98 71907.6 59827.09 72457.75 72556.82

Scheduled Banks’ Statement of Position in India as on Friday, February 23, 2024

The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) today in Mumbai for establishing a framework to promote the use of local currencies viz., the Indian Rupee (INR) and the Indonesian Rupiah (IDR) for cross-border transactions. The MoU was signed by the Governor, Reserve Bank of India, Shri Shaktikanta Das and the Governor, Bank Indonesia, Mr. Perry Warjiyo.

The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Fincare Small Finance Bank Ltd. (Transferor Bank) with AU Small Finance Bank Ltd. (Transferee Bank). The Scheme has been sanctioned in exercise of the powers contained in sub-section (4) of Section 44A of the Banking Regulation Act, 1949. The effective date of the amalgamation shall be April 01, 2024. All the branches of Fincare Small Finance Bank Ltd. will function as branches of AU Small Finance Bank Ltd. with effect from April 01, 2024.

NEFT system has achieved a milestone on February 29, 2024, by processing 4,10,61,337 transactions, the highest number of transactions processed in a day so far.

The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – February 2024, has called on its members and other jurisdictions to refer to the statement on Democratic People’s Republic of Korea (DPRK) and Iran adopted in February 2020 which remains in effect. Further, Myanmar was added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary and FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are not disrupted. The status of Myanmar in the list of countries subject to a call for action, remains unchanged.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of February 2024 are set out in Tables 1 to 7.

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on February 08, 2023, the Reserve Bank of India has today placed on its website the Draft guidelines on Disclosure framework on Climate-related Financial Risks, 2024[SFG1] .

As announced in Statement on Developmental and Regulatory Policies issued as part of Monetary Policy Statement dated August 10, 2023, the Reserve Bank has issued Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions – 2024 to bring clarity, brevity and harmonization to the instructions issued to various supervised entities for submission of returns.

The Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, had put certain business restrictions on Paytm Payments Bank, vide Press Releases dated March 11, 2022, January 31 and February 16, 2024. RBI also released a set of FAQs on February 16, 2024 for the benefit of customers, wallet holders and merchants who are availing banking services from Paytm Payments Bank.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 10-Feb-23 26-JAN-2024 * 09-FEB-2024 * 10-Feb-23 26-JAN-2024 * 09-FEB-2024 * I LIABILITIES TO THE BKG.SYSTEM (A)   

The Reserve Bank of India, in exercise of its powers under Section 35A of the Banking Regulation Act, 1949, had put certain business restrictions on Paytm Payments Bank Ltd (PPBL or the bank), vide Press Releases dated March 11, 2022 and January 31, 2024

The Governor, Reserve Bank of India held meetings with the MD & CEOs of Public Sector Banks and select Private Sector Banks on February 14, 2024, in Mumbai. These engagements are part of Reserve Bank’s continuous interaction with the Senior Management of its Regulated/Supervised Entities.

 (Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS  27-Jan-23 12-Jan-2024 * 26-JAN-2024 * 27-Jan-23 12-Jan-2024 * 26-JAN-2024 * I LIABILITIES TO THE BKG.SYSTEM (A)   a) Demand & Time deposits from banks 208480.12 262755.38 265720.09 210725.37 266353.52 269500.31 **  b) Borrowings from banks 62698.3 180980.15 197683.64 63048.66 181010.43 197782.34 

The Reserve Bank had cautioned members of public against frauds in the name of KYC updation vide its Press Release dated September 13, 2021. In the wake of continuing incidents/ reports of customers falling prey to frauds being perpetrated in the name of KYC updation, RBI once again urges the members of public to exercise caution and due care to prevent loss and safeguard themselves from such malicious practices.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of January 2024 are set out in Tables 1 to 7.

In Press Release dated March 11, 2022, the Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, had directed Paytm Payments Bank Ltd (PPBL or the bank) to stop onboarding of new customers with immediate effect.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs)  ALL SCHEDULED BANKS 13-Jan-23  29-DEC-2023 *  12-JAN-2024 *  13-Jan-23  29-DEC-2023 *  12-JAN-2024 *  I  LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks  209292.46  266042.92  262701.02  211585.22  269437.43  266299.16 **

The Reserve Bank on Jan 10, 2024 held a Conference in Mumbai for the Heads of Assurance Functions (i.e., Chief Compliance Officers, Chief Risk Officers and Heads of Internal Audit) of all Scheduled Commercial Banks (SCBs). The theme of the Conference was ‘Resilient Financial System – Role of Effective Assurance Functions’. This is part of the series of supervisory engagements kicked-off by the Governor in May 2023 with the Conference for the Directors of Public and Private Sector Banks on the theme of ‘Governance in Banks – Driving Sustainable Growth and Stability’. Deputy Governors Shri M. Rajeshwar Rao and Shri Swaminathan J. addressed the participants. Executive Directors representing the RBI’s Department of Supervision, Department of Regulation and Enforcement Department, and other senior officials, also participated in the Conference.

(Amount in ₹ crore)  SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 16-Dec-22 01-Dec-2023* 15-Dec-2023* 16-Dec-22 01-Dec-2023* 15-Dec-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 201266.75 249012.9 276840.69 203686.16 252853.53 280287.70 **  b) Borrowings from banks 59956.92 200300.52 192669.22 60125.92 200371.37 192698.11  c) Other demand & time liabilities 54667.28 71526.84 70471.57 55264.53 72234.31 71176.89 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 17354379.08 19886495.7 (1,97,60,403.24) 19791556.74 (1,96,67,586.27) 17775361.5 20320773.77 (2,01,94,681.31) 20228915.17

During the quarter ended December 31, 2023, the Reserve Bank of India has received one application under the Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector dated December 05, 2019 from Fino Payments Bank Limited.

The Reserve Bank of India today released the draft circular on “Declaration of dividend by banks and remittance of profits to Head Office by foreign bank branches in India”. Comments on the draft circular are invited from banks, market participants, and other stakeholders by January 31, 2024.

As part of the Reserve Bank’s engagement with Supervised Entities, a meeting with the Managing Director & Chief Executive Officers of all the Credit Information Companies (CICs) was held today (January 02, 2024). The meeting was chaired by Deputy Governor, RBI, Shri Swaminathan J and was attended by the Executive Directors and other senior officials of the Department of Supervision and Department of Regulation.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of December 2023 are set out in Tables 1 to 7.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 16-Dec-22 01- ec-2023 * 15-Dec-2023 * 16-Dec-22 01-Dec- 023 * 15-Dec-2023 * LIABILITIES TO THE BKG.SYSTEM (A) Demand & Time deposits from banks 201266.75 249012.9 276840.69 203686.16 252853.53 280287.70 **

SBI, HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs). While ICICI Bank continues to be in the same bucketing structure as last year, SBI and HDFC Bank move to higher buckets – SBI shifts from bucket 3 to bucket 4 and HDFC Bank shifts from bucket 1 to bucket 2. For SBI and HDFC Bank, the higher D-SIB buffer requirements on account of the bucket increase will be effective from April 1, 2025. The additional Common Equity Tier 1 (CET1) requirement will be in addition to the capital conservation buffer.

The Reserve Bank had issued the framework for dealing with Domestic Systemically Important Banks (D-SIBs) on July 22, 2014. In terms of this framework, the Bank is required to identify and disclose the names of banks designated as D-SIBs annually. Further, in terms of the framework, the assessment methodology, for assessing the systemic importance of banks and identification of the D-SIBs, is required to be reviewed on a periodic basis. 

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on October 06, 2023, the Reserve Bank has today placed on its website, a ‘Draft Omnibus Framework for recognising Self-Regulatory Organisations for Regulated Entities’.  The draft omnibus framework contains broad parameters applicable to any Self-Regulatory Organisation (SRO) viz., objectives, responsibilities, eligibility criteria, governance standards, application process and other basic conditions for grant of recognition to the SRO.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 02-Dec-22 17-NOV-2023 * 01-DEC-2023 * 02-Dec-22 17-NOV-2023 * 01-DEC-2023 * LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 204511.44 241123.11 254742.65 206990.5 244489.69 258583.28 **

The Reserve Bank of India (RBI) has noticed certain misleading advertisements enticing borrowers by offering loan waivers. These entities seem to be actively promoting many such campaigns in the print media as well as social media platforms. There are reports of such entities charging a service/legal fee for issuing ‘debt waiver certificates’ without any authority. It has also come to our notice that in certain locations, campaigns are being run by a few persons, which undermine the efforts of Banks in enforcing their rights over the securities charged to the Banks. Such entities are misrepresenting that dues to financial institutions including banks need not be repaid. Such activities undermine the stability of financial institutions and, above all, the interest of the depositors. It may also be noted that associating with such entities can result in direct financial losses.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs)    ALL SCHEDULED BANKS 18-Nov-22 03-NOV-2023* 17-NOV-2023* 18-Nov-22    03-NOV-2023* 17-NOV-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 197683.51 242686.81 241123.31 200234.72 246100.18 244489.89 **  b) Borrowings from banks 59717.51 195603.02 186866.5 59825.5 195669.28 186961.73 c) Other demand & time liabilities 52717.05 72833.37 72004.03 53280.8    73572.49 72619.52

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of November 2023 are set out in Tables 1 to 7.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 04-Nov-22 20-OCT-2023* 03-NOV-2023* 04-Nov-22 20-OCT-2023* 03-NOV-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 197284.22 240291.16    242365.3 200069.43 245495.19    245778.67**

(Amount in ₹ crore)SCHEDULED COMMERCIAL BANKS(Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS21-Oct-22 06-OCT-2023* 20-OCT-2023* 21-Oct-22 06-OCT-2023*    20-OCT-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 186189.57 237269.35 239035.24 189070.38 239604.43 244239.27 **

The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – October 2023, has called on its members and other jurisdictions to refer to the statement on Democratic People’s Republic of Korea (DPRK) and Iran adopted in February 2020 which remains in effect. Further, Myanmar was added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary and FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are not disrupted. The status of Myanmar in the list of countries subject to a call for action, remains unchanged.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of October 2023 are set out in Tables 1 to 7.

Highlights:

Lending Rates:

The Reserve Bank of India has today placed on its website the draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services. Comments / Feedback, if any, may be sent by email with the subject line “Comments on draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services”, by November 28, 2023.

SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 07-Oct-2222-SEP-2023*06-OCT-2023*07-Oct-2222-SEP-2023*06-OCT-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks191780.92238947.18233687.07194707.13241286.81236022.15 **

b) Borrowings from banks61002.31195119.2199276.661308.31195203.11199285.6

c) Other demand & time liabilities50315.1170559.3472142.7950858.9670625.03

The Reserve Bank of India has, in exercise of its power, under section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the ‘bob World’ mobile application. This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application. Any further onboarding of customers of the bank on the ‘bob World’ application will be subject to rectification of the deficiencies observed and strengthening of the related processes by the bank to the satisfaction of RBI. The bank has been further directed to ensure that already onboarded ‘bob World’ customers do not face any disruption on account of this suspension.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2023-2024/1083

Reserve Bank of India launched a Centralised Web Portal उद्गम UDGAM (Unclaimed Deposits – Gateway to Access inforMation) on August 17, 2023 for the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place.

The search facility was initially made available on the portal for seven banks and it was intimated to public that the search facility for remaining banks on the portal would be made available in a phased manner by October 15, 2023. The members of public are hereby informed that, the search facility for 30 banks has been made available on the portal on September 28, 2023, which covers around 90% of such unclaimed deposits (in value terms) in Depositor Education and Awareness (DEA) Fund.

(Yogesh Dayal)      
Chief General Manager

Press Release: 2023-2024/1048

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs)ALL SCHEDULED BANKS 23-Sep-2208-SEP-2023*22-SEP-2023*23-Sep-2208-SEP-2023*22-SEP-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.185703.85253481.66243807.14188640.83255860.31246146.77** b) Borrowings from banks57304.07188137.54195119.257338.07188207.97195203.11 c) Other demand & time liabilities46955.9469409.9270309.947474.3870117.3770375.59 IILIABILITIES TO OTHERS (A) a) Deposits (other than from banks)17031994.6219383942.24 (19240124.52)19275841.49 (19133844.78)17454902.1919823692.2 (19679874.48)19714798.74 (19572802.03) i) Demand1981190.632194425.232199832.662025927.792239958.522245091.87 ii) Time15050803.9917189516.9417076008.9115428974.417583733.6117469706.95 b) Borrowings @531878.55845916.87839112.11537170.08850211.62843305.51 c) Other demand & time liabilities691762.8873173.15878564.56704631.55887113.13892521.09

IIIBORROWINGS FROM R.B.I. (B)103965.1628186.49187948103965.1628186.49187948

 Against usance bills and / or prom. Notes      

IVCASH110168.299284.0194141.33113183.09101609.3696589.85

VBALANCES WITH R.B.I. (B)767170.74992545.97959345.47785714.11012625.98979142.3

VIASSETS WITH BANKING SYSTEM      

 a) Balances with other banks      

 i) In current accounts23252.839952.278640.9626501.5312651.0411236.59

 ii) In other accounts164333.92175229.57173116.9201290.04213521.24211610.32

 b) Money at call & short notice13576.4325533.6522686.3632417.0341662.6139873.78

 c) Advances to banks (i.e. due from bks.)41529.6147364.6246799.9641977.5148185.5747554.86 £

 d) Other assets55090.892373.7993496.5358659.2395276.2496272.91

VIIINVESTMENTS (At book value)5075621.985982861.04
(5869994.88)5981356.32
(5868391.34)5222891.356131108.26
(6018242.10)6128399.57
(6015434.59)

 a) Central & State Govt. securities+5074818.55982086.135980660.085216388.956124176.686121397.24

 b) Other approved securities803.49774.9696.246502.396931.587002.33

VIIIBANK CREDIT (Excluding Inter-Bank Advances)12629874.7915039168.68
(14444840.83)15151318.89
(14558878.43)13007886.5915433148.27
(14838820.42)15534392.74
(14941952.28)

 a) Loans, cash credits & Overdrafts $12393420.7314783209.9514891524.7712768531.5815174352.4915271834.61

 b) Inland Bills purchased35836.6944672.7444986.0735854.3844686.7845000.2

 c) Inland Bills discounted155850.37170730.78174846.68157963.74172894.78176948.51

 d) Foreign Bills purchased16882.6616713.9316500.4417061.8916943.0416735.29

 e) Foreign Bills discounted27884.3323841.2523460.9628475.0124271.1623874.16

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of September 2023.Highlights: Lending Rates:The weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 3 basis points (bps) from 9.44 per cent in July 2023 to 9.47 per cent in August 2023.1-Year median Marginal Cost of Fund based Lending

SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS  09-Sep-2225-AUG-2023*08-SEP-2023*09-Sep-2225-AUG-2023*08-SEP-2023*  ILIABILITIES TO THE BKG.SYSTEM (A)  a) Demand & Time deposits from bks.183335.64246284.1253485.01186364.23248463.22255863.66** b) Borrowings from banks41752.75199018.31188137.5441824.75199142.43188207.97  c) Other demand & time liabilities44678.468276.3270299.5245184.8168988.2871006.97

The Reserve Bank had introduced a scheme for handling wilful defaulters, effective from April 1, 1999. These guidelines were subsequently consolidated into the Master Circular on Wilful Defaulters, last updated on July 1, 2015.  2.The instructions on wilful defaulters have been revised after a review of the extant instructions and consideration of various judgments/ orders from the Hon’ble Supreme Court and Hon’ble High Courts, as well as representations

The Reserve Bank of India had issued a Discussion Paper (DP) on January 14, 2022 proposing revisions to the current norms for the classification, valuation, and operation of investment portfolios of commercial banks. After considering the feedback received on the DP, the Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2023 has been issued today.

2. The revised Directions include principle-based classification of investment portfolio, tightening of regulations around transfers to/from held to maturity (HTM) category and sales out of HTM, inclusion of non-SLR securities in HTM subject to fulfilment of certain conditions and symmetric recognition of gains and losses.

3. These Directions are expected to enhance the quality of banks' financial reporting, improve disclosures (disclosures of fair value of investments in HTM category, fair value hierarchy, sales out of HTM, etc.), provide a fillip to the corporate bond market, facilitate the use of derivatives for hedging, and strengthen the overall risk management framework of banks. While the revised Directions align the accounting norms for banks' investment portfolios with global financial reporting standards, important prudential safeguards such as investment fluctuation reserve (IFR), due diligence/limits with respect to non-SLR investments, internal control systems, reviews and reporting etc. have been retained and prudential concerns on reliability of valuation have been addressed.

4. The revised Directions shall apply to all commercial banks (excluding Regional Rural Banks) from the financial year commencing on April 1, 2024.

In pursuance of Governor’s Monetary Policy Statement of August 10, 2023, scheduled banks were required to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023 and July 28, 2023. The measure was intended to absorb the surplus liquidity generated by various factors, including the return of ₹2000 notes to the banking system. It was indicated that the I-CRR is a temporary measure for managing the liquidity overhang and that the I-CRR will be reviewed on September 8, 2023 or earlier with a view to returning the impounded funds to the banking system ahead of the festival season.

On a review, it has been decided to discontinue the I-CRR in a phased manner. Based on an assessment of current and evolving liquidity conditions, it has been decided that the amounts impounded under the I-CRR would be released in stages so that system liquidity is not subjected to sudden shocks and money markets function in an orderly manner. The release of funds would be as follows:

DateAmount to be released (₹ crore)

September 9, 202325 per cent of the I-CRR maintained

September 23, 202325 per cent of the I-CRR maintained

October 7, 202350 per cent of the I-CRR maintained

Details relating to the winding down of the I-CRR are being notified separately.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2023-2024/886

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 26-Aug-22    11-AUG-2023*25-AUG-2023* 26-Aug-22    11-AUG-2023* 25-AUG-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.188767.08254229.15246284.1 191920.01    256429.72    248463.22 ** b) Borrowings from banks 44956.33190016.47199019.52 45029.33    190103.15    199143.64 c) Other demand & time liabilities

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of August 2023. Highlights: Lending Rates: The weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 24 basis points (bps) from 9.20 per cent in June 2023 to 9.44 per cent in July 2023. The WALR on outstanding rupee loans of SCBs increased by 2 bps from 9.82 per cent in June 2023 to 9.84 per cent in July