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