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ഓഗ 26, 2014
Pay IT dues in advance at RBI or at authorised bank branches
The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date. It has also stated that assessees can use alternate channels like select branches of agency banks or the facility of online payment of taxes offered by these banks. These will obviate the inconvenience involved in standing in long queues at the Reserve Bank offices. It is observed that the rush for remitting Income – Tax dues through t
The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date. It has also stated that assessees can use alternate channels like select branches of agency banks or the facility of online payment of taxes offered by these banks. These will obviate the inconvenience involved in standing in long queues at the Reserve Bank offices. It is observed that the rush for remitting Income – Tax dues through t
ഓഗ 20, 2014
Scheduled Bank's Statement of Position in India as on Friday, August 08, 2014
(Amount in Billions of `) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 09-AUG-2013 25-JUL-2014 * 08-AUG-2014 * 09-AUG-2013 25-JUL-2014 * 08-AUG-2014 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 672.65 948.1 950.97 709.18 994.87 998.01 ** b) Borrowings from banks 318.13 267.14 255.79 321.09 269.95 259.59 c) Other demand & time liabilities 64.32 64.46 54.2 64.37 64.52 54.27 II LIABILITIES TO OTHERS (A) a) Deposits
(Amount in Billions of `) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 09-AUG-2013 25-JUL-2014 * 08-AUG-2014 * 09-AUG-2013 25-JUL-2014 * 08-AUG-2014 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 672.65 948.1 950.97 709.18 994.87 998.01 ** b) Borrowings from banks 318.13 267.14 255.79 321.09 269.95 259.59 c) Other demand & time liabilities 64.32 64.46 54.2 64.37 64.52 54.27 II LIABILITIES TO OTHERS (A) a) Deposits
ഓഗ 14, 2014
RBI rationalises Number of Free Transactions on ATMs
The policy framework of the Reserve Bank has aimed at fostering the growth of non-cash payments. The number of Automated Teller Machines (ATMs), which stood at a little over 27,000 as at end-March 2007, has increased to over 1.6 lakh across the country by end-March 2014. The Point-of-Sale (POS) infrastructure has increased from 3.2 lakh to 10.65 lakh terminals between end-March 2007 and end-March 2014. It is, however, observed that the development of other payment mec
The policy framework of the Reserve Bank has aimed at fostering the growth of non-cash payments. The number of Automated Teller Machines (ATMs), which stood at a little over 27,000 as at end-March 2007, has increased to over 1.6 lakh across the country by end-March 2014. The Point-of-Sale (POS) infrastructure has increased from 3.2 lakh to 10.65 lakh terminals between end-March 2007 and end-March 2014. It is, however, observed that the development of other payment mec
ഓഗ 07, 2014
RBI seeks Comments on Draft Guidelines for Implementation of Bharat Bill Payment System (BBPS)
The Reserve Bank of India has today sought comments on Draft Guidelines for Implementation of Bharat Bill Payment System (BBPS). Bill payment is a major component of the retail payment transactions. Over 30,800 million bills amounting to more than `6000 billion are generated each year in the top 20 cities in the country. Though various forms of payments are accepted, cash and cheque payments continue to be predominant, particularly at the Billers’ Own Collection Point
The Reserve Bank of India has today sought comments on Draft Guidelines for Implementation of Bharat Bill Payment System (BBPS). Bill payment is a major component of the retail payment transactions. Over 30,800 million bills amounting to more than `6000 billion are generated each year in the top 20 cities in the country. Though various forms of payments are accepted, cash and cheque payments continue to be predominant, particularly at the Billers’ Own Collection Point
ഓഗ 06, 2014
Scheduled Bank's Statement of Position in India as on Friday, July 25, 2014
(Amount in Billions of `) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 26-JUL-2013 11-JUL- 2014 * 25-JUL- 2014* 26-JUL-2013 11-JUL- 2014* 25-JUL- 2014* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 673.4 913.95 948.1 710.07 960.45 994.87 ** b) Borrowings from banks 301.47 282.51 267.14 302.48 283.63 269.95 c) Other demand & time liabilities 51.46 58.88 64.46 51.73 58.94 64.52 II LIABILITIES TO OTHERS (A) a) Deposits
(Amount in Billions of `) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 26-JUL-2013 11-JUL- 2014 * 25-JUL- 2014* 26-JUL-2013 11-JUL- 2014* 25-JUL- 2014* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 673.4 913.95 948.1 710.07 960.45 994.87 ** b) Borrowings from banks 301.47 282.51 267.14 302.48 283.63 269.95 c) Other demand & time liabilities 51.46 58.88 64.46 51.73 58.94 64.52 II LIABILITIES TO OTHERS (A) a) Deposits
ഓഗ 01, 2014
Do Not give Details of Your Bank Account or Credit/Debit Cards on Email/Phone: RBI Warns Public Again on Phishing Mails/Calls
Of late, some new methods of frauds have come to the notice of the Reserve Bank of India. An e-mail is sent in the name of a senior official of the Reserve Bank of India which gives an impression of it having been sent from the Reserve Bank and at times even displays the official rbi.org.in extension. The e-mail states that the Reserve Bank has received a large sum of foreign currency from the World Bank or a well-known international institution or a multi-national co
Of late, some new methods of frauds have come to the notice of the Reserve Bank of India. An e-mail is sent in the name of a senior official of the Reserve Bank of India which gives an impression of it having been sent from the Reserve Bank and at times even displays the official rbi.org.in extension. The e-mail states that the Reserve Bank has received a large sum of foreign currency from the World Bank or a well-known international institution or a multi-national co
ജൂലൈ 23, 2014
Scheduled Bank's Statement of Position in India as on Friday, July 11, 2014
(Amount in Billions of `) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 12-JUL-2013 27-JUN-2014 * 11-JUL-2014 * 12-JUL-2013 27-JUN-2014 * 11-JUL-2014 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 663.95 864.03 913.95 699.34 910.64 960.45 ** b) Borrowings from banks 324.81 317.87 282.51 328.42 322.19 283.63 c) Other demand & time liabilities 126.17 65.59 58.88 126.23 65.66 58.94 II LIABILITIES TO OTHERS (A) a) Depos
(Amount in Billions of `) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 12-JUL-2013 27-JUN-2014 * 11-JUL-2014 * 12-JUL-2013 27-JUN-2014 * 11-JUL-2014 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 663.95 864.03 913.95 699.34 910.64 960.45 ** b) Borrowings from banks 324.81 317.87 282.51 328.42 322.19 283.63 c) Other demand & time liabilities 126.17 65.59 58.88 126.23 65.66 58.94 II LIABILITIES TO OTHERS (A) a) Depos
ജൂലൈ 22, 2014
RBI Seeks Comments on Draft Guidelines for setting up of and operating Trade Receivables Discounting System (TReDS)
The Reserve Bank of India has today sought feedback on the Draft Guidelines for setting up of and operating Trade Receivables Discounting System (TReDS). Comments may be emailed or sent by post to the Principal Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai - 400001 on or before August 08, 2014. The guidelines are available on RBI website (www.rbi.org.in). Backgro
The Reserve Bank of India has today sought feedback on the Draft Guidelines for setting up of and operating Trade Receivables Discounting System (TReDS). Comments may be emailed or sent by post to the Principal Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai - 400001 on or before August 08, 2014. The guidelines are available on RBI website (www.rbi.org.in). Backgro
ജൂലൈ 22, 2014
RBI releases Framework for dealing with Domestic Systemically Important Banks (D-SIBs)
The Reserve Bank of India today released on its website, the Framework for dealing with Domestic Systemically Important Banks (D-SIBs). During the recent global financial crisis, it was observed that problems faced by certain large and highly interconnected financial institutions hampered the orderly functioning of the financial system, which in turn, negatively impacted the real economy. Government intervention was considered necessary in many jurisdictions to ensure
The Reserve Bank of India today released on its website, the Framework for dealing with Domestic Systemically Important Banks (D-SIBs). During the recent global financial crisis, it was observed that problems faced by certain large and highly interconnected financial institutions hampered the orderly functioning of the financial system, which in turn, negatively impacted the real economy. Government intervention was considered necessary in many jurisdictions to ensure
ജൂലൈ 17, 2014
RBI releases Draft Guidelines for Licensing of Payments Banks and Small Banks
The Reserve Bank of India released on its website today, the Draft Guidelines for “Licensing of Payments Banks” and Draft Guidelines for “Licensing of Small Banks”. The Reserve Bank has sought views/comments on the draft guidelines from all interested parties and general public. Suggestions and comments on the draft guidelines may be sent by August 28, 2014 to the Chief General Manager, Reserve Bank of India, Department of Banking Operations and Development, Central O
The Reserve Bank of India released on its website today, the Draft Guidelines for “Licensing of Payments Banks” and Draft Guidelines for “Licensing of Small Banks”. The Reserve Bank has sought views/comments on the draft guidelines from all interested parties and general public. Suggestions and comments on the draft guidelines may be sent by August 28, 2014 to the Chief General Manager, Reserve Bank of India, Department of Banking Operations and Development, Central O

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