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ਅਕਤੂ 14, 2015
RBI to Issue ₹ 10 Bank notes with inset letter "P"
The Reserve Bank of India will shortly issue ₹ 10 denomination bank notes in the Mahatma Gandhi Series-2005, with inset letter 'P' in both the numbering panels, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India. The year of printing '2015' appears on the reverse of the Bank note. The design of these bank notes to be issued now is similar in all respects to the ₹ 10 bank notes in Mahatma Gandhi Series-2005 issued earlier. All the bank note
The Reserve Bank of India will shortly issue ₹ 10 denomination bank notes in the Mahatma Gandhi Series-2005, with inset letter 'P' in both the numbering panels, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India. The year of printing '2015' appears on the reverse of the Bank note. The design of these bank notes to be issued now is similar in all respects to the ₹ 10 bank notes in Mahatma Gandhi Series-2005 issued earlier. All the bank note
ਅਕਤੂ 12, 2015
RBI withdraws Directions issued to “Laxmi Vishnu Sahakari Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra”
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on March 28, 2006 to “Laxmi Vishnu Sahakari Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra” with effect from the close of business as on October 12, 2015. The withdrawal of Directions is in exercise of powers vested in the Reserve Bank under sub section (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). A copy of the Order is displayed on the bank'
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on March 28, 2006 to “Laxmi Vishnu Sahakari Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra” with effect from the close of business as on October 12, 2015. The withdrawal of Directions is in exercise of powers vested in the Reserve Bank under sub section (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). A copy of the Order is displayed on the bank'
ਅਕਤੂ 08, 2015
RBI invites Second Tranche of Applications for Financial Assistance from Depositor Education and Awareness Fund
The Reserve Bank of India has invited second tranche of fresh applications for registering institutions, organisations and associations for grant of financial assistance from the Depositor Education and Awareness (DEA) Fund. The Reserve Bank has also revised provisions relating to the conditions required to be fulfilled by eligible entities, and some of the aspects relating to the procedure for decision of the Committee (paragraphs II.3 (b), II.3(c), and II.9(A)(2) of
The Reserve Bank of India has invited second tranche of fresh applications for registering institutions, organisations and associations for grant of financial assistance from the Depositor Education and Awareness (DEA) Fund. The Reserve Bank has also revised provisions relating to the conditions required to be fulfilled by eligible entities, and some of the aspects relating to the procedure for decision of the Committee (paragraphs II.3 (b), II.3(c), and II.9(A)(2) of
ਅਕਤੂ 06, 2015
RBI imposes Monetary Penalty on Sardarganj Mercantile Co-operative Bank Ltd., Sardarganj, Dist. Anand (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh) on Sardarganj Mercantile Co-op. Bank Ltd. Sardarganj, Dist. Anand (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation pertaining to (i) allowing premature withdrawal of Fixed Deposits despite operational instructions imposed
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh) on Sardarganj Mercantile Co-op. Bank Ltd. Sardarganj, Dist. Anand (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation pertaining to (i) allowing premature withdrawal of Fixed Deposits despite operational instructions imposed
ਅਕਤੂ 06, 2015
RBI imposes Monetary Penalty on The Pusad Urban Co-operative Bank Ltd., Pusad, District Yavatmal (Maharashtra)
The Reserve Bank of India has imposed a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on the Pusad Urban Co-operative Bank Ltd., Pusad,District Yavatmal (Maharashtra) in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Know Your Customer norms and RBI instructions. The Reserve Bank of India had issued a show cau
The Reserve Bank of India has imposed a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on the Pusad Urban Co-operative Bank Ltd., Pusad,District Yavatmal (Maharashtra) in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Know Your Customer norms and RBI instructions. The Reserve Bank of India had issued a show cau
ਅਕਤੂ 06, 2015
RBI imposes Monetary Penalty on The Washim Urban Cooperative Bank Ltd., Washim (Maharashtra)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on the Washim Urban Cooperative Bank Ltd., Washim (Maharashtra), in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Know Your Customer norms and RBI instructions. The Reserve Bank of India had issued a show cause notice to th
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on the Washim Urban Cooperative Bank Ltd., Washim (Maharashtra), in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Know Your Customer norms and RBI instructions. The Reserve Bank of India had issued a show cause notice to th
ਸਤੰ 30, 2015
RBI issues Directions to Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra
The Reserve Bank of India that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra, whereby, from the close of business on September 30, 2015 the aforesaid bank shall not, without prior approval in writing
The Reserve Bank of India that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra, whereby, from the close of business on September 30, 2015 the aforesaid bank shall not, without prior approval in writing
ਸਤੰ 30, 2015
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) Brahmawart Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh - Modification
The Reserve Bank of India has notified that in partial modification of its directive it has, vide directive dated September 23, 2015, relaxed the directions imposed on the Brahmawart Commercial Co-operative Bank Ltd., Kanpur Now, depositor will be allowed to withdraw up to ₹ 40,000/- (Rupees Forty Thousand only) per depositor (including ₹ 1,000/- wherever already allowed) subject to the conditions specified in the modified directive. All other provisions of the earlie
The Reserve Bank of India has notified that in partial modification of its directive it has, vide directive dated September 23, 2015, relaxed the directions imposed on the Brahmawart Commercial Co-operative Bank Ltd., Kanpur Now, depositor will be allowed to withdraw up to ₹ 40,000/- (Rupees Forty Thousand only) per depositor (including ₹ 1,000/- wherever already allowed) subject to the conditions specified in the modified directive. All other provisions of the earlie
ਸਤੰ 29, 2015
RBI further extends Directions issued to Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra
The Reserve Bank of India notified that Shree Ganesh Sahakari Bank Ltd., Nashik was placed under directions for a period of six months vide directive No. UBD.CO.BSD-I/D-39/12.22.435/2012-13 dated April 01, 2013 under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive was extended four times for a period of six months each vide our directives dated September 23, 2013, March 27, 2014, September 17, 2014 and March 19, 2015 res
The Reserve Bank of India notified that Shree Ganesh Sahakari Bank Ltd., Nashik was placed under directions for a period of six months vide directive No. UBD.CO.BSD-I/D-39/12.22.435/2012-13 dated April 01, 2013 under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive was extended four times for a period of six months each vide our directives dated September 23, 2013, March 27, 2014, September 17, 2014 and March 19, 2015 res
ਸਤੰ 23, 2015
RBI extends Directions issued to the Pioneer Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh till March 23, 2016
The Reserve Bank of India has extended Directions issued to the Pioneer Urban Co-operative Bank Ltd., Lucknow for a further period of six months from September 24, 2015 to March 23, 2016, subject to review. The bank has been under directions since March 24, 2015. According to the Directions, Pioneer Urban Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur an
The Reserve Bank of India has extended Directions issued to the Pioneer Urban Co-operative Bank Ltd., Lucknow for a further period of six months from September 24, 2015 to March 23, 2016, subject to review. The bank has been under directions since March 24, 2015. According to the Directions, Pioneer Urban Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur an
ਸਤੰ 23, 2015
RBI to issue ₹ 50 Banknotes with Inset 'R' and Numerals in Ascending Size
The Reserve Bank of India will shortly issue banknotes in ₹ 50 denomination in Mahatma Gandhi Series - 2005, with the numerals in both the number panels in ascending size from left to right while the first three alpha-numeric characters(prefix) will remain constant in size. The banknotes will also have inset letter 'R'. The bank notes will bear the signature of Dr. Raghuram G.Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the revers
The Reserve Bank of India will shortly issue banknotes in ₹ 50 denomination in Mahatma Gandhi Series - 2005, with the numerals in both the number panels in ascending size from left to right while the first three alpha-numeric characters(prefix) will remain constant in size. The banknotes will also have inset letter 'R'. The bank notes will bear the signature of Dr. Raghuram G.Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the revers
ਸਤੰ 22, 2015
RBI to issue ₹ 500 and ₹1000 Banknotes with Three Additional Features
The Reserve Bank of India will shortly put into circulation banknotes in the denominations of ₹ 500 and ₹ 1000 incorporating three new/revised features - (i) ascending size of numerals in the number panels, (ii) bleed lines, and (iii) enlarged identification mark. It may be recalled that the Reserve Bank recently put into circulation ₹ 500 and ₹ 1000 banknotes with numerals in ascending size in number panels but without bleed lines and enlarged identification mark. It
The Reserve Bank of India will shortly put into circulation banknotes in the denominations of ₹ 500 and ₹ 1000 incorporating three new/revised features - (i) ascending size of numerals in the number panels, (ii) bleed lines, and (iii) enlarged identification mark. It may be recalled that the Reserve Bank recently put into circulation ₹ 500 and ₹ 1000 banknotes with numerals in ascending size in number panels but without bleed lines and enlarged identification mark. It
ਸਤੰ 18, 2015
RBI imposes Monetary Penalty on The Kurmanchal Nagar Sahkari Bank Ltd., Nainital, Uttarakhand
The Reserve Bank of India has imposed a monetary penalty of ₹5.00 lakh (Rupees Five Lakh Only) on The Kurmanchal Nagar Sahkari Bank Ltd., Nainital, Uttarakhand, 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 directive/ guideline of the Reserve Bank of India on loans and advances to directors/their relatives/
The Reserve Bank of India has imposed a monetary penalty of ₹5.00 lakh (Rupees Five Lakh Only) on The Kurmanchal Nagar Sahkari Bank Ltd., Nainital, Uttarakhand, 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 directive/ guideline of the Reserve Bank of India on loans and advances to directors/their relatives/
ਸਤੰ 16, 2015
RBI grants “In-principle” Approval to 10 Applicants for Small Finance Banks
The Reserve Bank of India (RBI) has today decided to grant “in-principle” approval to the following 10 applicants to set up small finance banks under the “Guidelines for Licensing of Small Finance Banks in the private sector” (Guidelines) issued on November 27, 2014. Names of selected applicants Au Financiers (India) Ltd., Jaipur Capital Local Area Bank Ltd., Jalandhar Disha Microfin Private Ltd., Ahmedabad Equitas Holdings P Limited, Chennai ESAF Microfinance and Inv
The Reserve Bank of India (RBI) has today decided to grant “in-principle” approval to the following 10 applicants to set up small finance banks under the “Guidelines for Licensing of Small Finance Banks in the private sector” (Guidelines) issued on November 27, 2014. Names of selected applicants Au Financiers (India) Ltd., Jaipur Capital Local Area Bank Ltd., Jalandhar Disha Microfin Private Ltd., Ahmedabad Equitas Holdings P Limited, Chennai ESAF Microfinance and Inv
ਸਤੰ 15, 2015
National Financial Literacy Assessment Test 2015-2016 on November 28-29
National Centre for Financial Education (NCFE) will conduct the National Financial Literacy Assessment Test for 2015-2016 (NCFE-NFLAT 2015-16) on November 28 and 29, 2015. School students from classes VIII to X can participate in the test. National Institute of Securities Markets (NISM) has been identified as the nodal agency for the implementation of the National Strategy for Financial Education (NSFE). National Centre for Financial Education (NCFE) has been set up w
National Centre for Financial Education (NCFE) will conduct the National Financial Literacy Assessment Test for 2015-2016 (NCFE-NFLAT 2015-16) on November 28 and 29, 2015. School students from classes VIII to X can participate in the test. National Institute of Securities Markets (NISM) has been identified as the nodal agency for the implementation of the National Strategy for Financial Education (NSFE). National Centre for Financial Education (NCFE) has been set up w
ਸਤੰ 10, 2015
RBI extends Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh till December 11, 2015
The Reserve Bank of India has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of three months from September 12, 2015 to December 11, 2015, subject to review. The bank has been under directions since June 12, 2014. According to the Directions, the Indian Mercantile Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any
The Reserve Bank of India has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of three months from September 12, 2015 to December 11, 2015, subject to review. The bank has been under directions since June 12, 2014. According to the Directions, the Indian Mercantile Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any
ਸਤੰ 10, 2015
Ms. Anjuly Chib Duggal nominated on RBI Central Board
The Central Government has nominated Ms. Anjuly Chib Duggal, Secretary, Department of Financial Services, Ministry of Finance, New Delhi as a Director on the Central Board of Directors of the Reserve Bank of India vice Dr. Hasmukh Adhia. Ms. Anjuly Chib Duggal’s nomination is with effect from September 3, 2015 and until further orders. Alpana Killawala Principal Chief General Manager Press Release: 2015-2016/635
The Central Government has nominated Ms. Anjuly Chib Duggal, Secretary, Department of Financial Services, Ministry of Finance, New Delhi as a Director on the Central Board of Directors of the Reserve Bank of India vice Dr. Hasmukh Adhia. Ms. Anjuly Chib Duggal’s nomination is with effect from September 3, 2015 and until further orders. Alpana Killawala Principal Chief General Manager Press Release: 2015-2016/635
ਸਤੰ 10, 2015
RBI further extends Directions issued to Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, Maharashtra
Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, Maharashtra was placed under directions for a period of six months vide directive UBD.CO.BSD-1 No./D-09/12.22.460/2014-15 dated September 10, 2014 from the close of business on September 12, 2014. The validity of the aforesaid directive was further extended for a period of six months vide directive dated March 04, 2015 from the close of business on March 11, 2015. It is hereby notified for
Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, Maharashtra was placed under directions for a period of six months vide directive UBD.CO.BSD-1 No./D-09/12.22.460/2014-15 dated September 10, 2014 from the close of business on September 12, 2014. The validity of the aforesaid directive was further extended for a period of six months vide directive dated March 04, 2015 from the close of business on March 11, 2015. It is hereby notified for
ਸਤੰ 09, 2015
ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਦੀ ਵੈਸ਼ ਕੋ-ਆਪ੍ਰੇਟਿਵ ਕਮਰਸ਼ੀਅਲ ਬੈਂਕ ਲਿ: ਨਵੀਂ ਦਿੱਲੀ ਨੂੰ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕੀਤੇ
9 ਸਿਤੰਬਰ 2015 ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਦੀ ਵੈਸ਼ ਕੋ-ਆਪ੍ਰੇਟਿਵ ਕਮਰਸ਼ੀਅਲ ਬੈਂਕ ਲਿ: ਨਵੀਂ ਦਿੱਲੀ ਨੂੰ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕੀਤੇ ਜਨਹਿਤ ਨੂੰ ਦੇਖਦੇ ਹੋਏ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਇਸ ਗੱਲ ਨਾਲ ਸੰਤੁਸ਼ਟ ਹੈ ਕਿ ਦੀ ਵੈਸ਼ ਕੋ-ਆਪ੍ਰੇਟਿਵ ਕਮਰਸ਼ੀਅਲ ਬੈਂਕ ਲਿ: ਨਵੀਂ ਦਿੱਲੀ ਨੂੰ ਖਾਸ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕਰਨਾ ਜ਼ਰੂਰੀ ਹੈ ਇਸ ਲਈ ਬੈਂਕਿੰਗ ਰੈਗੂਲੇਸ਼ਨ ਐਕਟ, 1949 (ਜੋ ਸੇਹਕਾਰੀ ਸਮਿਤੀਆਂ ਤੇ ਲਾਗੂ ਹੈ) ਦੀ ਧਾਰਾ 56 ਅਤੇ ਬੈਂਕਿੰਗ ਰੈਗੂਲੇਸ਼ਨ ਐਕਟ, 1949 ਦੀ ਧਾਰਾ 35 ਏ ਦੀ ਉਪਧਾਰਾ(1) ਦੇ ਤਹਿਤ ਮਿਲੀਆਂ ਸ਼ਕਤੀਆਂ ਦਾ ਪ੍ਰਯੋਗ ਕਰਦੇ ਹੋਏ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਇਹ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕਰਦਾ ਹੈ ਕਿ ਦੀ ਵੈਸ਼ ਕੋ-
9 ਸਿਤੰਬਰ 2015 ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਦੀ ਵੈਸ਼ ਕੋ-ਆਪ੍ਰੇਟਿਵ ਕਮਰਸ਼ੀਅਲ ਬੈਂਕ ਲਿ: ਨਵੀਂ ਦਿੱਲੀ ਨੂੰ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕੀਤੇ ਜਨਹਿਤ ਨੂੰ ਦੇਖਦੇ ਹੋਏ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਇਸ ਗੱਲ ਨਾਲ ਸੰਤੁਸ਼ਟ ਹੈ ਕਿ ਦੀ ਵੈਸ਼ ਕੋ-ਆਪ੍ਰੇਟਿਵ ਕਮਰਸ਼ੀਅਲ ਬੈਂਕ ਲਿ: ਨਵੀਂ ਦਿੱਲੀ ਨੂੰ ਖਾਸ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕਰਨਾ ਜ਼ਰੂਰੀ ਹੈ ਇਸ ਲਈ ਬੈਂਕਿੰਗ ਰੈਗੂਲੇਸ਼ਨ ਐਕਟ, 1949 (ਜੋ ਸੇਹਕਾਰੀ ਸਮਿਤੀਆਂ ਤੇ ਲਾਗੂ ਹੈ) ਦੀ ਧਾਰਾ 56 ਅਤੇ ਬੈਂਕਿੰਗ ਰੈਗੂਲੇਸ਼ਨ ਐਕਟ, 1949 ਦੀ ਧਾਰਾ 35 ਏ ਦੀ ਉਪਧਾਰਾ(1) ਦੇ ਤਹਿਤ ਮਿਲੀਆਂ ਸ਼ਕਤੀਆਂ ਦਾ ਪ੍ਰਯੋਗ ਕਰਦੇ ਹੋਏ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਇਹ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕਰਦਾ ਹੈ ਕਿ ਦੀ ਵੈਸ਼ ਕੋ-
ਸਤੰ 09, 2015
RBI issues Directions to Shree Govardhansinghji Raghuvanshi Sahakari Bank Ltd., Nandurbar, Maharashtra
The Reserve Bank of India notified that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to Shree Govardhansinghji Raghuvanshi Sahakari Bank Ltd., Nandurbar, Maharashtra, whereby, as from the close of business on September 9, 2015, the aforesaid bank shall
The Reserve Bank of India notified that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to Shree Govardhansinghji Raghuvanshi Sahakari Bank Ltd., Nandurbar, Maharashtra, whereby, as from the close of business on September 9, 2015, the aforesaid bank shall
ਸਤੰ 09, 2015
ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਨਾਸਿਕ ਜ਼ਿਲ੍ਹਾ ਗਿਰਣਾ ਸਹਿਕਾਰੀ ਬੈਂਕ, ਨਾਸਿਕ ( ਮਹਾਰਾਸ਼ਟਰ) ਨੂੰ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕੀਤੇ
9 ਸਿਤੰਬਰ 2015 ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਨਾਸਿਕ ਜ਼ਿਲ੍ਹਾ ਗਿਰਣਾ ਸਹਿਕਾਰੀ ਬੈਂਕ, ਨਾਸਿਕ ( ਮਹਾਰਾਸ਼ਟਰ) ਨੂੰ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕੀਤੇ ਜਨਤਾ ਦੇ ਹਿੱਤ ਵਿੱਚ ਇਹ ਸੂਚਿਤ ਕੀਤਾ ਜਾਂਦਾ ਹੈ ਕਿ ਬੈਂਕਿੰਗ ਰੈਗੂਲੇਸ਼ਨ ਐਕਟ, 1949 (ਜੋ ਸਹਿਕਾਰੀ ਸਮਿਤੀਆਂ ਤੇ ਲਾਗੂ ਹੈ) ਦੀ ਧਾਰਾ 56 ਅਤੇ ਬੈਂਕਿੰਗ ਰੈਗੂਲੇਸ਼ਨ ਐਕਟ, 1949 ਦੀ ਧਾਰਾ 35 ਏ ਦੀ ਉਪਧਾਰਾ(1) ਦੇ ਤਹਿਤ ਮਿਲੀਆਂ ਸ਼ਕਤੀਆਂ ਦਾ ਪ੍ਰਯੋਗ ਕਰਦੇ ਹੋਏ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਨਾਸਿਕ ਜ਼ਿਲ੍ਹਾ ਗਿਰਣਾ ਸਹਿਕਾਰੀ ਬੈਂਕ, ਨਾਸਿਕ (ਮਹਾਰਾਸ਼ਟਰ) ਨੂੰ ਖਾਸ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕੀਤੇ ਹਨ ਕਿ 9 ਸਿਤੰਬਰ, 2015 ਤੋਂ ਕਾਰੋਬਾਰ ਦੀ ਸਮਾਪਤੀ ਤੇ, ਉਪ੍ਰੋਕਤ ਬੈਂਕ
9 ਸਿਤੰਬਰ 2015 ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਨਾਸਿਕ ਜ਼ਿਲ੍ਹਾ ਗਿਰਣਾ ਸਹਿਕਾਰੀ ਬੈਂਕ, ਨਾਸਿਕ ( ਮਹਾਰਾਸ਼ਟਰ) ਨੂੰ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕੀਤੇ ਜਨਤਾ ਦੇ ਹਿੱਤ ਵਿੱਚ ਇਹ ਸੂਚਿਤ ਕੀਤਾ ਜਾਂਦਾ ਹੈ ਕਿ ਬੈਂਕਿੰਗ ਰੈਗੂਲੇਸ਼ਨ ਐਕਟ, 1949 (ਜੋ ਸਹਿਕਾਰੀ ਸਮਿਤੀਆਂ ਤੇ ਲਾਗੂ ਹੈ) ਦੀ ਧਾਰਾ 56 ਅਤੇ ਬੈਂਕਿੰਗ ਰੈਗੂਲੇਸ਼ਨ ਐਕਟ, 1949 ਦੀ ਧਾਰਾ 35 ਏ ਦੀ ਉਪਧਾਰਾ(1) ਦੇ ਤਹਿਤ ਮਿਲੀਆਂ ਸ਼ਕਤੀਆਂ ਦਾ ਪ੍ਰਯੋਗ ਕਰਦੇ ਹੋਏ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਨਾਸਿਕ ਜ਼ਿਲ੍ਹਾ ਗਿਰਣਾ ਸਹਿਕਾਰੀ ਬੈਂਕ, ਨਾਸਿਕ (ਮਹਾਰਾਸ਼ਟਰ) ਨੂੰ ਖਾਸ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕੀਤੇ ਹਨ ਕਿ 9 ਸਿਤੰਬਰ, 2015 ਤੋਂ ਕਾਰੋਬਾਰ ਦੀ ਸਮਾਪਤੀ ਤੇ, ਉਪ੍ਰੋਕਤ ਬੈਂਕ
ਸਤੰ 09, 2015
ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਦੀ ਵੈਸ਼ ਕੋ-ਆਪ੍ਰੇਟਿਵ ਕਮਰਸ਼ੀਅਲ ਬੈਂਕ ਲਿ: ਨਵੀਂ ਦਿੱਲੀ ਨੂੰ ਨਿਰਦੇਸ਼ ਜਾਰੀ ਕੀਤੇ
9 ਸਿਤੰਬਰ 2015 ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਸ਼੍ਰੀ ਚੈਤੱਨਿਆ ਕੋ-ਆਪ੍ਰੇਟਿਵ ਬੈਂਕ ਲਿ., ਨਾਦਿਆ (ਪਛੱਮ ਬੰਗਾਲ) ਉੱਤੇ ਮੌਦ੍ਰਿਕ ਦੰਡ ਲਗਾਇਆ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਬੈਂਕਿੰਗ ਰੈਗੂਲੇਸ਼ਨ ਐਕਟ, 1949 (ਜੋ ਕਿ ਸਹਿਕਾਰੀ ਸਮਿਤੀਆਂ ਤੇ ਲਾਗੂ ਹੈ) ਦੀ ਧਾਰਾ 46(4) ਅਤੇ ਧਾਰਾ 47 ਏ(1)(ਬੀ) ਦੇ ਪ੍ਰਾਵਧਾਨਾਂ ਦੇ ਤਹਿਤ ਮਿਲੀਆਂ ਹੋਈਆਂ ਸ਼ਕਤੀਆਂ ਦਾ ਪ੍ਰਯੋਗ ਕਰਦੇ ਹੋਏ ਸ਼੍ਰੀ ਚੈਤੱਨਿਆ ਕੋ-ਆਪ੍ਰੇਟਿਵ ਬੈਂਕ ਲਿ., ਨਾਦਿਆ (ਪਛੱਮ ਬੰਗਾਲ) ਤੇ ਖਾਤੇ ਅਤੇ ਤੁਲਨ-ਪੱਤਰ ਦਾ ਪ੍ਰਕਾਸ਼ਨ/ਪੇਸ਼ ਨਾ ਕਰਨ ਕਰਕੇ ₹ 50,000 ( ਪੰਜਾਹ ਹਜ਼ਾਰ ਰੁਪਏ ਸਿਰਫ ) ਦਾ ਮੌਦ੍ਰਿਕ ਦੰਡ ਲਗਾਇਆ ਗਿਆ ਹੈ । ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂ
9 ਸਿਤੰਬਰ 2015 ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਸ਼੍ਰੀ ਚੈਤੱਨਿਆ ਕੋ-ਆਪ੍ਰੇਟਿਵ ਬੈਂਕ ਲਿ., ਨਾਦਿਆ (ਪਛੱਮ ਬੰਗਾਲ) ਉੱਤੇ ਮੌਦ੍ਰਿਕ ਦੰਡ ਲਗਾਇਆ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਨੇ ਬੈਂਕਿੰਗ ਰੈਗੂਲੇਸ਼ਨ ਐਕਟ, 1949 (ਜੋ ਕਿ ਸਹਿਕਾਰੀ ਸਮਿਤੀਆਂ ਤੇ ਲਾਗੂ ਹੈ) ਦੀ ਧਾਰਾ 46(4) ਅਤੇ ਧਾਰਾ 47 ਏ(1)(ਬੀ) ਦੇ ਪ੍ਰਾਵਧਾਨਾਂ ਦੇ ਤਹਿਤ ਮਿਲੀਆਂ ਹੋਈਆਂ ਸ਼ਕਤੀਆਂ ਦਾ ਪ੍ਰਯੋਗ ਕਰਦੇ ਹੋਏ ਸ਼੍ਰੀ ਚੈਤੱਨਿਆ ਕੋ-ਆਪ੍ਰੇਟਿਵ ਬੈਂਕ ਲਿ., ਨਾਦਿਆ (ਪਛੱਮ ਬੰਗਾਲ) ਤੇ ਖਾਤੇ ਅਤੇ ਤੁਲਨ-ਪੱਤਰ ਦਾ ਪ੍ਰਕਾਸ਼ਨ/ਪੇਸ਼ ਨਾ ਕਰਨ ਕਰਕੇ ₹ 50,000 ( ਪੰਜਾਹ ਹਜ਼ਾਰ ਰੁਪਏ ਸਿਰਫ ) ਦਾ ਮੌਦ੍ਰਿਕ ਦੰਡ ਲਗਾਇਆ ਗਿਆ ਹੈ । ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂ
ਸਤੰ 03, 2015
RBI to issue ₹5 Coins to commemorate “Golden Jubilee of Indo-Pak War 1965"
The Reserve Bank of India will shortly put into circulation ₹ 5 coins minted by the Government of India to commemorate the Golden Jubilee of Indo-Pak war 1965. The design of the coins has: On the obverse: The Lion Capital of Ashoka Pillar in the center with the legend "सत्यमेव जयते" inscribed below, flanked on the left periphery with the word "भारत" in Devnagri script and on the right periphery with the word "INDIA" in English. It will also bear the Rupee symbol " ₹ "
The Reserve Bank of India will shortly put into circulation ₹ 5 coins minted by the Government of India to commemorate the Golden Jubilee of Indo-Pak war 1965. The design of the coins has: On the obverse: The Lion Capital of Ashoka Pillar in the center with the legend "सत्यमेव जयते" inscribed below, flanked on the left periphery with the word "भारत" in Devnagri script and on the right periphery with the word "INDIA" in English. It will also bear the Rupee symbol " ₹ "
ਸਤੰ 03, 2015
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur
Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur, was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-07/12.22.044/2014-15 dated August 28, 2014 from the close of business on August 30, 2014. The validity of the aforesaid directive was further extended for a period of six months vide directive dated February 05, 2015 from March 01, 2015 to August 31, 2015. It is hereby notified for the information of the public that the period o
Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur, was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-07/12.22.044/2014-15 dated August 28, 2014 from the close of business on August 30, 2014. The validity of the aforesaid directive was further extended for a period of six months vide directive dated February 05, 2015 from March 01, 2015 to August 31, 2015. It is hereby notified for the information of the public that the period o
ਅਗ 28, 2015
RBI’s Monetary Museum unveils Special Display of Mysore Coins
The Reserve Bank of India’s Monetary Museum unveiled a special display on Mysore Coins on August 20, 2015. Dr. Deepali Pant Joshi, Executive Director inaugurated the special display. A 20-page information brochure on Mysore Coins displays was also released on the occasion. Shri U. S. Paliwal, Executive Director, Prof. Damodar Acharya, Director on the Reserve Bank’s Central Board of Directors and Shri S Ramaswamy, Regional Director, Mumbai Office were present. Special
The Reserve Bank of India’s Monetary Museum unveiled a special display on Mysore Coins on August 20, 2015. Dr. Deepali Pant Joshi, Executive Director inaugurated the special display. A 20-page information brochure on Mysore Coins displays was also released on the occasion. Shri U. S. Paliwal, Executive Director, Prof. Damodar Acharya, Director on the Reserve Bank’s Central Board of Directors and Shri S Ramaswamy, Regional Director, Mumbai Office were present. Special
ਅਗ 28, 2015
Bank Holiday on Second & Fourth Saturdays from September 1; RBI to offer its Support Services to Banks on Working Saturdays
All scheduled and non-scheduled banks – public, private, foreign, cooperative, regional rural and local area banks – will observe public holiday on second and fourth Saturdays from September 01, 2015; and will observe full working days on Saturdays other than second and fourth Saturdays (referred to as working Saturdays in the Press Release). Consequent to this, the Reserve Bank of India has announced the following changes in its functioning with effect from September
All scheduled and non-scheduled banks – public, private, foreign, cooperative, regional rural and local area banks – will observe public holiday on second and fourth Saturdays from September 01, 2015; and will observe full working days on Saturdays other than second and fourth Saturdays (referred to as working Saturdays in the Press Release). Consequent to this, the Reserve Bank of India has announced the following changes in its functioning with effect from September
ਅਗ 28, 2015
RBI withdraws Directions issued to “The Janata Commercial Cooperative Bank Ltd., Khamgaon, Buldhana, Maharashtra”
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on September 12, 2012 to “The Janata Commercial Cooperative Bank Ltd., Khamgaon (Buldhana), Maharashtra” with effect from the close of business as on August 26, 2015. The withdrawal of Directions is in exercise of powers vested in the Reserve Bank under sub section (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). A copy of the Order is displayed
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on September 12, 2012 to “The Janata Commercial Cooperative Bank Ltd., Khamgaon (Buldhana), Maharashtra” with effect from the close of business as on August 26, 2015. The withdrawal of Directions is in exercise of powers vested in the Reserve Bank under sub section (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). A copy of the Order is displayed
ਅਗ 27, 2015
RBI doubles Limits of Cash Withdrawal at POS for Tier III to VI Centres
The Reserve Bank of India has doubled the limit for cash withdrawal at point-of-sale (POS) in Tier III to VI centres from ₹ 1000/- to ₹ 2000/- per day. This facility will be available for debit cards and open system prepaid cards issued only by banks. It is envisaged that the enhanced amount will add to customer convenience and aid re-cycling of cash in Tier III to VI centres even as the push towards a less cash society is pursued. This facility will be reviewed keepi
The Reserve Bank of India has doubled the limit for cash withdrawal at point-of-sale (POS) in Tier III to VI centres from ₹ 1000/- to ₹ 2000/- per day. This facility will be available for debit cards and open system prepaid cards issued only by banks. It is envisaged that the enhanced amount will add to customer convenience and aid re-cycling of cash in Tier III to VI centres even as the push towards a less cash society is pursued. This facility will be reviewed keepi
ਅਗ 25, 2015
RBI imposes Monetary Penalty on Latur Urban Co-operative Bank Ltd., Latur
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on Latur Urban Co-operative Bank Ltd., Latur in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Know Your Customer norms and RBI instructions. The Reserve Bank of India had issued a show cause notice to the bank, in response
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on Latur Urban Co-operative Bank Ltd., Latur in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Know Your Customer norms and RBI instructions. The Reserve Bank of India had issued a show cause notice to the bank, in response
ਅਗ 25, 2015
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Shatabdi Mahila Sahakari Bank Ltd., Thane, District-Thane, Maharashtra
The Shatabdi Mahila Sahakari Bank Ltd., Thane was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-5/12.22.504/2014-15 dated August 14, 2014 from the close of business on August 20, 2014. The validity of the aforesaid directive was further extended for a period of six months vide directive DCBR.CO.BSD-I/D-31/12.22.504/2014-15 dated February 04, 2015 from the close of business on February 19, 2015. It is hereby notified for the informati
The Shatabdi Mahila Sahakari Bank Ltd., Thane was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-5/12.22.504/2014-15 dated August 14, 2014 from the close of business on August 20, 2014. The validity of the aforesaid directive was further extended for a period of six months vide directive DCBR.CO.BSD-I/D-31/12.22.504/2014-15 dated February 04, 2015 from the close of business on February 19, 2015. It is hereby notified for the informati
ਅਗ 24, 2015
RBI imposes Monetary Penalty on Khargone Nagrik Sahakari Bank Maryadit, Khargone
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only ) on the Khargone Nagrik Sahakari Bank Maryadit, Khargone in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for the violation of the directives/guidelines of the Reserve Bank on implementation of Know Your Customers (KYC)/Anti Money Laundering (AML) no
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only ) on the Khargone Nagrik Sahakari Bank Maryadit, Khargone in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for the violation of the directives/guidelines of the Reserve Bank on implementation of Know Your Customers (KYC)/Anti Money Laundering (AML) no
ਅਗ 24, 2015
RBI imposes Monetary Penalty on Krishna Mercantile Co-operative Bank Ltd., Bhopal
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on the Krishna Mercantile Co-operative Bank Ltd., Bhopal in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for the violation of the directives/guidelines of the Reserve Bank on implementation of Know Your Customers (KYC)/Anti Money Laundering (AML) n
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on the Krishna Mercantile Co-operative Bank Ltd., Bhopal in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for the violation of the directives/guidelines of the Reserve Bank on implementation of Know Your Customers (KYC)/Anti Money Laundering (AML) n
ਅਗ 21, 2015
RBI further extends Directions issued to Rupee Co-operative Bank Ltd., Pune
The Reserve Bank of India has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra vide directive DCBR.CO.AID/D-10/12.22.218/2015-16 dated August 20, 2015 for a further period of six months from August 22, 2015 to February 21, 2016, subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on three occasions for a period of six months each and twice for a period of three months each.
The Reserve Bank of India has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra vide directive DCBR.CO.AID/D-10/12.22.218/2015-16 dated August 20, 2015 for a further period of six months from August 22, 2015 to February 21, 2016, subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on three occasions for a period of six months each and twice for a period of three months each.
ਅਗ 21, 2015
Issue of ` 1000 banknotes with incorporation of Rupee symbol ( ` ) and inset letter 'L' with numerals in ascending size in number panels
The Reserve Bank of India will shortly issue ₹ 1000 denomination Banknotes in the Mahatma Gandhi Series-2005, incorporating "₹" symbol on the obverse and the reverse, with inset letter 'L' in both the numbering panels, bearing the signature of Dr. Raghuram G.Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ₹ 1000 Banknotes in Maha
The Reserve Bank of India will shortly issue ₹ 1000 denomination Banknotes in the Mahatma Gandhi Series-2005, incorporating "₹" symbol on the obverse and the reverse, with inset letter 'L' in both the numbering panels, bearing the signature of Dr. Raghuram G.Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ₹ 1000 Banknotes in Maha
ਅਗ 19, 2015
RBI grants “in-principle” approval to 11 Applicants for Payments Banks
The Reserve Bank of India has today decided to grant “in-principle” approval to the following 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Banks issued on November 27, 2014 (Guidelines). Aditya Birla Nuvo Limited Airtel M Commerce Services Limited Cholamandalam Distribution Services Limited Department of Posts Fino PayTech Limited National Securities Depository Limited Reliance Industries Limited Shri Dilip Shantilal Shanghvi S
The Reserve Bank of India has today decided to grant “in-principle” approval to the following 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Banks issued on November 27, 2014 (Guidelines). Aditya Birla Nuvo Limited Airtel M Commerce Services Limited Cholamandalam Distribution Services Limited Department of Posts Fino PayTech Limited National Securities Depository Limited Reliance Industries Limited Shri Dilip Shantilal Shanghvi S
ਅਗ 17, 2015
RBI cancels Certificate of Registration of 7 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following seven 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. & Date Date of cancellation 1. M/s Artisans Micro Finance Private Limited 13 N Block Market, 2nd Floor, Greater Kailash Part1, New Delhi-1
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following seven 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. & Date Date of cancellation 1. M/s Artisans Micro Finance Private Limited 13 N Block Market, 2nd Floor, Greater Kailash Part1, New Delhi-1
ਅਗ 12, 2015
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 th
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 th
ਅਗ 07, 2015
Issue of ?500 banknotes with incorporation of Rupee symbol (?) and inset letter 'E' with numerals in ascending size in number panels
The Reserve Bank of India will shortly issue ` 500 denomination Banknotes in the Mahatma Gandhi Series-2005, incorporating "`" symbol on the obverse and the reverse, with inset letter 'E' in both the numbering panels, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ` 500 Banknotes in Mahat
The Reserve Bank of India will shortly issue ` 500 denomination Banknotes in the Mahatma Gandhi Series-2005, incorporating "`" symbol on the obverse and the reverse, with inset letter 'E' in both the numbering panels, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ` 500 Banknotes in Mahat
ਅਗ 07, 2015
Issue of ` 100 banknotes with incorporation of Rupee symbol (`) and without inset letter with numerals in ascending size in number panels
The Reserve Bank of India will shortly issue ` 100 denomination Banknotes in the Mahatma Gandhi Series-2005, incorporating "`" symbol on the obverse and the reverse, without inset letter, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ` 100 Banknotes in Mahatma Gandhi Series- 2005 issued
The Reserve Bank of India will shortly issue ` 100 denomination Banknotes in the Mahatma Gandhi Series-2005, incorporating "`" symbol on the obverse and the reverse, without inset letter, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ` 100 Banknotes in Mahatma Gandhi Series- 2005 issued
ਅਗ 06, 2015
RBI cancels Certificate of Registration
The Reserve Bank of India have cancelled the certificate of registration of the following 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. & Date Date of cancellation 1. Hanumangarh Finvest Private Limited 8, New Grain Market, Hanumangarh (Rajasthan)-335 512 B-10.00003 July 01, 2008 Jun
The Reserve Bank of India have cancelled the certificate of registration of the following 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. & Date Date of cancellation 1. Hanumangarh Finvest Private Limited 8, New Grain Market, Hanumangarh (Rajasthan)-335 512 B-10.00003 July 01, 2008 Jun
ਅਗ 06, 2015
RBI further extends Directions issued to Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur, Maharashtra
The Reserve Bank of India has notified that Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-04/12.22.423/2014-15 dated August 06, 2014 from the close of business on August 08, 2014. The validity of the aforesaid directive was further extended for a period of six months from February 08, 2015 to August 07, 2015 vide directive dated January 20, 2015. It is hereby notified
The Reserve Bank of India has notified that Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-04/12.22.423/2014-15 dated August 06, 2014 from the close of business on August 08, 2014. The validity of the aforesaid directive was further extended for a period of six months from February 08, 2015 to August 07, 2015 vide directive dated January 20, 2015. It is hereby notified
ਅਗ 05, 2015
RBI imposes Monetary Penalty on Dausa Urban Co-operative Bank Limited, Dausa
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Dausa Urban Co-operative Bank Limited, Dausa, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for the violations of the guidelines/directives on Know Your Customers (KYC)/Anti Money Laundering (AML) in respect of absence of system of ris
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Dausa Urban Co-operative Bank Limited, Dausa, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for the violations of the guidelines/directives on Know Your Customers (KYC)/Anti Money Laundering (AML) in respect of absence of system of ris
ਜੁਲਾ 30, 2015
` 10 coins issued to commemorate "International Day of Yoga"
The Reserve Bank of India will shortly put into circulation ₹ 10 coins to commemorate the International Day of Yoga which the Government of India has minted. The design details of these coins are: Obverse The obverse of the coin bears the Lion Capitol of Ashoka Pillar in the center with the legend "सत्यमेव जयते" inscribed below, flanked on the left periphery with the word "भारत" in Devnagri script and on the right periphery flanked with the word "INDIA" in English. It
The Reserve Bank of India will shortly put into circulation ₹ 10 coins to commemorate the International Day of Yoga which the Government of India has minted. The design details of these coins are: Obverse The obverse of the coin bears the Lion Capitol of Ashoka Pillar in the center with the legend "सत्यमेव जयते" inscribed below, flanked on the left periphery with the word "भारत" in Devnagri script and on the right periphery flanked with the word "INDIA" in English. It
ਜੁਲਾ 30, 2015
RBI further extends Directions issued to The C.K.P.Co-operative Bank Ltd., Mumbai, Maharashtra
The C.K.P.Co-operative Bank Ltd., Mumbai was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-34/12.22.035/2013-14 dated April 30, 2014 from the close of business on May 2, 2014. The validity of the aforesaid directive was further extended for a period of three months vide directive dated October 21, 2014 from the close of business on November 1, 2014 and further for a period of six months vide directive dated January 20, 2015 from the
The C.K.P.Co-operative Bank Ltd., Mumbai was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-34/12.22.035/2013-14 dated April 30, 2014 from the close of business on May 2, 2014. The validity of the aforesaid directive was further extended for a period of three months vide directive dated October 21, 2014 from the close of business on November 1, 2014 and further for a period of six months vide directive dated January 20, 2015 from the
ਜੁਲਾ 16, 2015
Inscribing on Bank Notes
It has been brought to the notice of Reserve Bank of India that members of public and institutions write number, name or messages, etc. on the watermark window of banknotes, thus defacing the banknotes. The watermark window has an important security feature which distinguishes it from a counterfeit note. Any defacement on the window will not allow the common man to identify one of the features of a genuine note. The public is, therefore, requested to refrain from doin
It has been brought to the notice of Reserve Bank of India that members of public and institutions write number, name or messages, etc. on the watermark window of banknotes, thus defacing the banknotes. The watermark window has an important security feature which distinguishes it from a counterfeit note. Any defacement on the window will not allow the common man to identify one of the features of a genuine note. The public is, therefore, requested to refrain from doin
ਜੂਨ 25, 2015
Now ₹ 100 Notes to come with Numerals in Ascending Size in Number Panels
The Reserve Bank of India has issued ₹ 100 denomination banknotes in Mahatma Gandhi Series – 2005 with a new numbering pattern. Now the numerals in both the number panels of these banknotes will be in ascending size from left to right, while the first three alphanumeric characters (prefix) will remain constant in size. (see illustration) Printing the numerals in ascending size is a visible security feature in the banknotes so that the general public can easily disting
The Reserve Bank of India has issued ₹ 100 denomination banknotes in Mahatma Gandhi Series – 2005 with a new numbering pattern. Now the numerals in both the number panels of these banknotes will be in ascending size from left to right, while the first three alphanumeric characters (prefix) will remain constant in size. (see illustration) Printing the numerals in ascending size is a visible security feature in the banknotes so that the general public can easily disting
ਜੂਨ 25, 2015
RBI extends the Date for Withdrawal of Pre-2005 Series Banknotes
The Reserve Bank of India has extended the date for the public to exchange their pre-2005 banknotes till December 31, 2015. It had, in December 2014, set the last date for public to exchange these notes as June 30, 2015. Soliciting cooperation from members of public in withdrawing these banknotes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them. The Re
The Reserve Bank of India has extended the date for the public to exchange their pre-2005 banknotes till December 31, 2015. It had, in December 2014, set the last date for public to exchange these notes as June 30, 2015. Soliciting cooperation from members of public in withdrawing these banknotes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them. The Re
ਜੂਨ 19, 2015
Hindi and Other Indian Languages can act as a bridge between Banker and Customer: Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, June 19, 2015
Photographs “Recently there have been many incidents where poor people were robbed of their money through Ponzi schemes. Very often people lose their lifetime earnings through these schemes. It is the responsibility of the Government and the banking sector to provide banking facilities to those who have money, but have no access to formal banking channels in a language that they would understand. We should also arrange for financial literacy in the language that they
Photographs “Recently there have been many incidents where poor people were robbed of their money through Ponzi schemes. Very often people lose their lifetime earnings through these schemes. It is the responsibility of the Government and the banking sector to provide banking facilities to those who have money, but have no access to formal banking channels in a language that they would understand. We should also arrange for financial literacy in the language that they
ਜੂਨ 11, 2015
Issue of ₹ 10 Banknotes with incorporation of Rupee symbol (₹) and inset letter 'U'
The Reserve Bank of India will shortly issue ₹ 10 denomination Banknotes in the Mahatma Gandhi Series-2005, incorporating “₹" symbol on the obverse and the reverse, with inset letter 'U' in both the numbering panels, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ₹ 10 Banknotes in Mahatma
The Reserve Bank of India will shortly issue ₹ 10 denomination Banknotes in the Mahatma Gandhi Series-2005, incorporating “₹" symbol on the obverse and the reverse, with inset letter 'U' in both the numbering panels, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ₹ 10 Banknotes in Mahatma
ਅਪ੍ਰੈ 16, 2015
Issue of ₹ 10 coins to commemorate the occasion of "Centenary commemoration of Mahatma Gandhi's return from South Africa"
The Government of India has minted the above mentioned coins which the Reserve Bank of India will shortly put into circulation. Details regarding design, shape, etc. of these coins have been notified in the following Gazette of the Government of India, published by the Ministry of Finance, Department of Economic Affairs- The Gazette of India-Extraordinary- Part II-Section 3-Sub-section (i) - No.711 Dated December 31, 2014 These coins are legal tender as provided in Th
The Government of India has minted the above mentioned coins which the Reserve Bank of India will shortly put into circulation. Details regarding design, shape, etc. of these coins have been notified in the following Gazette of the Government of India, published by the Ministry of Finance, Department of Economic Affairs- The Gazette of India-Extraordinary- Part II-Section 3-Sub-section (i) - No.711 Dated December 31, 2014 These coins are legal tender as provided in Th
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