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ਦਸੰ 12, 2022

RBI imposes monetary penalty on Jijau Commercial Co-operative Bank Ltd., Amravati, Maharashtra

The Reserve Bank of India (RBl) has imposed, by an order dated December 05, 2022, a monetary penalty of ₹1.25 lakh (Rupees One lakh Twenty Five Thousand only) on Jijau Commercial Co-operative Bank Ltd., Amravati (Maharashtra) (the bank) for contravention of/non-adherence with the directions issued by RBI to Urban Co-operative Banks on Know Your Customer (KYC) and opening of on-site ATM. This penalty has been imposed in exercise of powers vested in RBI under the provis

ਦਸੰ 12, 2022

RBI imposes monetary penalty on Shri Kanyaka Nagari Sahakari Bank Ltd., Chandrapur, Maharashtra

The Reserve Bank of India (RBl) has imposed, by an order dated December 05, 2022, a monetary penalty of ₹4.00 lakh (Rupees Four lakh only) on Shri Kanyaka Nagari Sahakari Bank Ltd., Chandrapur (Maharashtra) (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with S

ਦਸੰ 12, 2022

RBI imposes monetary penalty on Wai Urban Co-operative Bank Ltd., Satara

The Reserve Bank of India (RBI) has, by an order dated December 08, 2022, imposed a monetary penalty of ₹2 lakh (Rupees Two lakh only) on Wai Urban Co-operative Bank Ltd., Satara (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’ (IRAC norms). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with sections 46 (4)

ਦਸੰ 06, 2022

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Nagar Urban Co-operative Bank Ltd., Ahmednagar – Extension of Period

Reserve Bank of India vide directive DoS.CO.SUCBs-West/S2399/12.22.159/2021-22 dated December 06, 2021 had placed Nagar Urban Co-operative Bank Ltd., Ahmednagar under Directions from the close of business on December 06, 2021 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to December 06, 2022. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers v

ਦਸੰ 05, 2022

RBI imposes monetary penalty on The Bharat Co-operative Bank Limited, Bengaluru, Karnataka

The Reserve Bank of India (RBI) has imposed, by an order dated November 28, 2022, a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Bharat Co-operative Bank Limited, Bengaluru, Karnataka (the bank) for non-adherence / violation of directions issued under Exposure Norms and Statutory / Other Restrictions – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and S

ਸਤੰ 07, 2022

ਆਰ.ਬੀ.ਆਈ. ਦੀ ਅਣਅਧਿਕਾਰਤ ਸੰਸਥਾਵਾਂ ਦੀ ਸਚੇਤਕ ਸੂਚੀ (Alert List) ਜੋ ਵਿਦੇਸ਼ੀ ਮੁਦਰਾ ਵਿੱਚ ਲੈਣ- ਦੇਣ ਕਰਨ ਅਤੇ ਵਿਦੇਸ਼ੀ ਮੁਦਰਾ ਲੈਣ-ਦੇਣ ਲਈ ਇਲੈਕਟ੍ਰਾਨਿਕ ਵਪਾਰਕ ਪਲੇਟਫਾਰਮ ਚਲਾਉਣ ਲਈ ਅਧਿਕਾਰਿਤ ਨਹੀਂ ਹਨ

07 ਸਿਤੰਬਰ, 2022 ਆਰ.ਬੀ.ਆਈ. ਦੀ ਅਣਅਧਿਕਾਰਤ ਸੰਸਥਾਵਾਂ ਦੀ ਸਚੇਤਕ ਸੂਚੀ (Alert List) ਜੋ ਵਿਦੇਸ਼ੀ ਮੁਦਰਾ ਵਿੱਚ ਲੈਣ- ਦੇਣ ਕਰਨ ਅਤੇ ਵਿਦੇਸ਼ੀ ਮੁਦਰਾ ਲੈਣ-ਦੇਣ ਲਈ ਇਲੈਕਟ੍ਰਾਨਿਕ ਵਪਾਰਕ ਪਲੇਟਫਾਰਮ ਚਲਾਉਣ ਲਈ ਅਧਿਕਾਰਿਤ ਨਹੀਂ ਹਨ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ (ਆਰ.ਬੀ.ਆਈ) ਨੇ 03 ਫਰਵਰੀ, 2022 ਨੂੰ ਜਾਰੀ ਪ੍ਰੈਸ ਬਿਆਨ ਰਾਹੀਂ ਜਨਤਾ ਨੂੰ ਚੇਤਾਵਨੀ ਦਿੱਤੀ ਸੀ ਕਿ ਉਹ ਅਣਅਧਿਕਾਰਤ ਇਲੈਕਟ੍ਰਾਨਿਕ ਟ੍ਰੇਡਿੰਗ ਪਲੇਟਫਾਰਮਾਂ (ਈਟੀਪੀ) 'ਤੇ ਵਿਦੇਸ਼ੀ ਮੁਦਰਾ ਲੈਣ-ਦੇਣ ਨਾ ਕਰਨ ਜਾਂ ਅਣਅਧਿਕਾਰਤ ਵਿਦੇਸ਼ੀ ਲੈਣ-ਦੇਣ ਲਈ ਪੈਸੇ ਨਾ ਭੇਜਣ/ਜਮ੍ਹਾਂ ਕਰਨ। ਫਿਰ ਵੀ, ਆਰ.ਬੀ.ਆਈ ਨੂੰ ਕੁਝ ਈਟੀਪੀਆਂ

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ਜੁਲਾ 22, 2022

ਬੈਂਕਾਂ ਵਿੱਚ ਬੇਦਾਅਵਾ ਡਿਪਾਜ਼ਿਟ ਬਾਰੇ ਆਰ.ਬੀ.ਆਈ. ਦੀ ਚੇਤਾਵਨੀਆਂ

22 ਜੁਲਾਈ 2022 ਬੈਂਕਾਂ ਵਿੱਚ ਬੇਦਾਅਵਾ ਡਿਪਾਜ਼ਿਟ ਬਾਰੇ ਆਰ.ਬੀ.ਆਈ. ਦੀ ਚੇਤਾਵਨੀਆਂ ਬੱਚਤ / ਚਾਲੂ ਖਾਤਿਆਂ, ਜਿਨ੍ਹਾਂ ਨੂੰ 10 ਸਾਲਾਂ ਤੋਂ ਨਹੀਂ ਚਲਾਇਆ ਜਾਂਦਾ ਹੈ, ਵਿੱਚ ਬਕਾਇਆ ਜਾਂ ਮਿਆਦੀ ਜਮ੍ਹਾਂ ਰਕਮਾਂ ਜਿਨ੍ਹਾਂ ਦਾ ਪਰਿਪੱਕਤਾ ਦੀ ਮਿਤੀ ਤੋਂ 10 ਸਾਲਾਂ ਦੇ ਅੰਦਰ ਦਾਅਵਾ ਨਹੀਂ ਕੀਤਾ ਜਾਂਦਾ ਹੈ, ਨੂੰ "ਬੇਦਾਅਵਾ ਡਿਪਾਜ਼ਿਟ" ਵਜੋਂ ਸ਼੍ਰੇਣੀਬੱਧ ਕੀਤਾ ਜਾਂਦਾ ਹੈ। ਇਹ ਰਕਮਾਂ ਬੈਂਕਾਂ ਦੁਆਰਾ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਵਲੋਂ ਕਾਇਮ ਰੱਖੇ "ਜਮਾਕਰਤਾ ਸਿੱਖਿਆ ਅਤੇ ਜਾਗਰੂਕਤਾ"(DEA) ਫੰਡ ਵਿੱਚ ਟ੍ਰਾਂਸਫਰ ਕੀਤੀਆਂ ਜਾਂਦੀਆਂ ਹਨ। ਹਾਲਾਂਕਿ ਜਮ੍ਹਾਕਰਤਾ, ਬੈਂਕ (ਬੈਂਕਾਂ) ਤੋਂ ਬਾਅਦ ਦੀ

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ਜੁਲਾ 15, 2022

Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 – The City Co-operative Bank Limited, Mumbai - Extension of period

The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018, had placed The City Co-operative Bank Ltd, Mumbai under Directions from the close of business on April 17, 2018. The validity of the directions was extended from time-to-time, the last being up to July 16, 2022. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section

ਜੂਨ 22, 2022

Minutes of the Monetary Policy Committee Meeting, June 6 to 8, 2022

[Under Section 45ZL of the Reserve Bank of India Act, 1934] The thirty sixth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held during June 6 to 8, 2022. 2. The meeting was attended by all the members – Dr. Shashanka Bhide, Honorary Senior Advisor, National Council of Applied Economic Research, Delhi; Dr. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumba

ਜੂਨ 08, 2022

Monetary Policy Statement, 2022-23 Resolution of the Monetary Policy Committee (MPC) June 6-8, 2022

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (June 8, 2022) decided to: Increase the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 4.90 per cent with immediate effect. Consequently, the standing deposit facility (SDF) rate stands adjusted to 4.65 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 5.15 per cent.

ਜੂਨ 08, 2022

Governor’s Statement

In my statement of May 4, 2022, I had mentioned that as we navigate through this difficult period, it is necessary to be sensitive to the new realities and incorporate them into our thinking. The war in Europe is lingering and we are facing newer challenges each passing day which is accentuating the existing supply chain disruptions. As a result, food, energy and commodity prices remain elevated. Countries across the world are facing inflation at decadal highs and per

ਜੂਨ 06, 2022

Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Nagar Urban Co-operative Bank Ltd., Ahmednagar – Extension of Period

The Reserve Bank of India vide directive DoS.CO.SUCBs-West/S2399/12.22.159/2021-22 dated December 06, 2021 had placed Nagar Urban Co-operative Bank Ltd., Ahmednagar under Directions from the close of business on December 06, 2021 for a period of six months. The validity of the directions was till June 06, 2022. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section

ਮਈ 27, 2022

Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Maratha Sahakari Bank Limited, Mumbai, Maharashtra – Extension of Period

The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-4/12.22.141/2016-17 dated August 31, 2016, had placed Maratha Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on August 31, 2016 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to May 31, 2022. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested

ਮਈ 27, 2022

Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Rupee Co-operative Bank Ltd., Pune, Maharashtra – Extension of Period

The Reserve Bank of India vide directive UBD.CO.BSD-I/D-28/12.22.2018/2012-13 dated February 21, 2013 had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to May 31, 2022. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section (1

ਮਈ 18, 2022

Minutes of the Monetary Policy Committee Meeting, May 2 and 4, 2022

[Under Section 45ZL of the Reserve Bank of India Act, 1934] The thirty fifth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held during May 2 and 4, 2022 as an off-cycle meeting to reassess the evolving inflation-growth dynamics and the impact of the developments after its meeting of April 6-8, 2022. 2. The meeting was attended by all the members – Dr. Shashanka Bhide, Honorary Senior Advisor,

ਮਈ 04, 2022

Governor’s Statement

In my statement of April 8, 2022 I had referred to the tectonic shifts caused by the conflict in Europe which had created fresh challenges for global growth and the conduct of monetary policy. As the war draws on and sanctions and retaliatory actions intensify, shortages, volatility in commodity and financial markets, supply dislocations and, most alarmingly, persistent and spreading inflationary pressures are becoming more acute with every passing day. Debt distress

ਮਈ 04, 2022

Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) May 2 and 4, 2022

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (May 4, 2022) decided to: Increase the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to 4.40 per cent with immediate effect. Consequently, the standing deposit facility (SDF) rate stands adjusted to 4.15 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 4.65 per cent. T

ਅਪ੍ਰੈ 30, 2022

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Kapol Co-operative Bank Ltd Mumbai, Maharashtra – Extension of Period

Reserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had placed The Kapol Cooperative Bank Ltd Mumbai, Maharashtra under Directions from the close of business on March 30, 2017 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to April 30, 2022. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in i

ਅਪ੍ਰੈ 29, 2022

Report on Currency and Finance (RCF) for the year 2021-22

The Reserve Bank of India has released the Report on Currency and Finance (RCF) for the year 2021-22 today. The theme of the Report is “Revive and Reconstruct” in the context of nurturing a durable recovery post-COVID and raising trend growth in the medium-term. The Report reflects the views of the contributors and not of the Reserve Bank. Highlights The blueprint of reforms proposed in the Report revolves around seven wheels of economic progress viz., aggregate deman

ਅਪ੍ਰੈ 22, 2022

Minutes of the Monetary Policy Committee Meeting, April 6 to 8, 2022

[Under Section 45ZL of the Reserve Bank of India Act, 1934] The thirty fourth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from April 6 to 8, 2022. 2. The meeting was attended by all the members – Dr. Shashanka Bhide, Honorary Senior Advisor, National Council of Applied Economic Research, Delhi; Dr. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumba

ਅਪ੍ਰੈ 08, 2022

Governor’s Statement: April 8, 2022

Two years ago in March 2020, we began a journey to fight the onslaught of COVID-19 on our economy with courage and determination. During the period thereafter, the Reserve Bank has successfully navigated its course through turbulent waters. While the pandemic has scarred our psyche and tested our resilience, we have responded with bold, unconventional and resolute measures to stabilise the economy through three waves of the pandemic. As the situation normalised, we ha

ਫ਼ਰ 24, 2022

Minutes of the Monetary Policy Committee Meeting, February 8 to 10, 2022

[Under Section 45ZL of the Reserve Bank of India Act, 1934] The thirty third meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from February 8 to 10, 2022. 2. The meeting was attended by all the members – Dr. Shashanka Bhide, Senior Advisor, National Council of Applied Economic Research, Delhi; Dr. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai; Pro

ਫ਼ਰ 10, 2022

Governor’s Statement: February 10, 2022

As I make this statement, the pandemic holds the global economy hostage once again. Despite signs of moderation, record numbers of daily infections in several countries and consequent containment measures are denting the pace of economic activity, especially in contact-intensive sectors, even as supply disruptions persist and restrained workforce participation tightens the labour markets. With inflation at multi-decadal highs in a number of countries, the evolving mac

ਫ਼ਰ 10, 2022

Statement on Developmental and Regulatory Policies

This Statement sets out various developmental and regulatory policy measures relating to (i) liquidity measures; (ii) financial markets; (iii) payment and settlement systems and (iv) regulation and supervision. I. Liquidity Measures 1. Extension of Term Liquidity Facility of ₹50,000 crore to Emergency Health Services On May 5, 2021, an on-tap liquidity window of ₹50,000 crore at the repo rate with tenors of up to three years was announced to boost provision of immedia

ਫ਼ਰ 10, 2022

Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) February 8-10, 2022

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (February 10, 2022) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. The reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent. The MPC also decided to continue with the accomm

ਫ਼ਰ 03, 2022

ਆਰ.ਬੀ.ਆਈ ਦੀ ਅਣਅਧਿਕਾਰਤ ਵਿਦੇਸ਼ੀ ਮੁਦਰਾ ਵਪਾਰ ਪਲੇਟਫਾਰਮਾਂ ਵਿਰੁੱਧ ਚੇਤਾਵਨੀ

03 ਫਰਵਰੀ 2022 ਆਰ.ਬੀ.ਆਈ ਦੀ ਅਣਅਧਿਕਾਰਤ ਵਿਦੇਸ਼ੀ ਮੁਦਰਾ ਵਪਾਰ ਪਲੇਟਫਾਰਮਾਂ ਵਿਰੁੱਧ ਚੇਤਾਵਨੀ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ (ਆਰ.ਬੀ.ਆਈ) ਦੁਆਰਾ ਸੋਸ਼ਲ ਮੀਡੀਆ ਪਲੇਟਫਾਰਮਾਂ, ਸਰਚ ਇੰਜਣਾਂ, ਓਵਰ ਦਿ ਟਾਪ (ਓਟੀਟੀ) ਪਲੇਟਫਾਰਮਾਂ, ਖੇਡ ਐਪਸ ਅਤੇ ਇਸ ਤਰ੍ਹਾਂ ਦੇ ਹੋਰ ਪਲੇਟਫਾਰਮਾਂ ਉੱਤੇ ਅਣਅਧਿਕਾਰਤ ਇਲੈਕਟ੍ਰਾਨਿਕ ਟ੍ਰੇਡਿੰਗ ਪਲੇਟਫਾਰਮਾਂ (ਈਟੀਪੀ) ਦੇ ਗੁੰਮਰਾਹ ਕਰਨ ਵਾਲੇ ਇਸ਼ਤਿਹਾਰਾਂ ਨੂੰ ਦੇਖਿਆ ਗਿਆ ਹੈ, ਜੋ ਭਾਰਤੀ ਵਸਨੀਕਾਂ ਨੂੰ ਵਿਦੇਸ਼ੀ ਮੁਦਰਾ ਵਪਾਰ ਸਹੂਲਤਾਂ ਦੀ ਪੇਸ਼ਕਸ਼ ਕਰਦੇ ਹਨ। ਅਜਿਹੇ ਈਟੀਪੀ ਪਲੇਟਫਾਰਮਾਂ ਵੱਲੋਂ ਏਜੰਟਾਂ ਨੂੰ ਸ਼ਾਮਲ ਕਰਨ ਦੀਆਂ ਵੀ ਰਿਪੋਰਟਾਂ ਆਈਆਂ ਹਨ ਜੋ

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ਦਸੰ 22, 2021

Minutes of the Monetary Policy Committee Meeting, December 6 to 8, 2021

[Under Section 45ZL of the Reserve Bank of India Act, 1934] The thirty second meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from December 6 to 8, 2021. 2. The meeting was attended by all the members – Dr. Shashanka Bhide, Senior Advisor, National Council of Applied Economic Research, Delhi; Dr. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai; Pro

ਦਸੰ 08, 2021

Governor’s Statement: December 08, 2021

As I make this statement, I look back at the traumatising experience with two waves of an existence-defining pandemic. Virtually every aspect of human life has been drastically altered. Yet, what has been achieved on this troubled journey has been no less extraordinary. We are now better prepared to deal with the invisible enemy, COVID-19, which keeps threatening the entire world from time to time and even more recently. 2. The Indian economy has literally hauled itse

ਦਸੰ 08, 2021

Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) December 6-8, 2021

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 8, 2021) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. The reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent. The MPC also decided to continue with the accommo

ਦਸੰ 06, 2021

Directions under Section 35 A read with section 56 of the Banking Regulation Act (As Applicable to Co-operative Societies), 1949 – Nagar Urban Co-operative Bank Ltd., Ahmednagar, Maharashtra

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act (AACS), 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DoS.CO.SUCBs-West/S2399/12.22.159/2021-22 dated December 06, 2021, has issued certain Directions to Nagar Urban Co-operative Bank Ltd., Ahmednagar, whereby, as from the close of business on December 06, 2021, the bank sha

ਦਸੰ 01, 2021

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Rupee Co-operative Bank Ltd., Pune, Maharashtra – Extension of Period

Reserve Bank of India vide directive UBD.CO.BSD-I/D-28/12.22.2018/2012-13 dated February 21, 2013 had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to November 30, 2021. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section (1)

ਨਵੰ 30, 2021

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Maratha Sahakari Bank ltd, Mumbai– Extension of Period

The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-4/12.22.141/2016-17 dated August 31, 2016, had placed Maratha Sahakari Bank ltd, Mumbai under Directions from the close of business on August 31, 2016. The validity of the directions was extended from time-to-time, the last being up to November 30, 2021. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35

ਨਵੰ 24, 2021

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra – Extension of Period

The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, had placed Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra under Directions from the close of business on June 25, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to November 24, 2021. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise o

ਨਵੰ 12, 2021

RBI Retail Direct Scheme

The Reserve Bank announces the activation of the RBI Retail Direct Scheme with effect from today. The Scheme was launched today in virtual mode by the Hon’ble Prime Minister, Shri Narendra Modi. A significant milestone in the development of the Government securities (G-sec) market, the Reserve Bank of India-Retail Direct (RBI-RD) Scheme will bring G-secs within easy reach of the common man by simplifying the process of investment. Under the Scheme, retail individual i

ਨਵੰ 12, 2021

The Reserve Bank - Integrated Ombudsman Scheme, 2021

The Reserve Bank - Integrated Ombudsman Scheme, 2021 (the Scheme) was launched today in virtual mode by Hon’ble Prime Minister Shri Narendra Modi. 2. The Scheme integrates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme for Digital Transactions, 2019. The Scheme, framed by the Reserve Bank in exercise of the powers conferred o

ਨਵੰ 03, 2021

Extension of Period of Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra

The Reserve Bank of India vide directive DOS.CO.UCBs-West/D-1/12.07.157/2020-21 dated February 03, 2021 had placed Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra under Directions from the close of business on February 03, 2021 for a period of six months. The validity of the above directions was subsequently extended till November 03, 2021. It is hereby notified for the information of the public that Reserve Bank of India, in exercise o

ਨਵੰ 01, 2021

Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 – The Kapol Co-operative Bank Ltd Mumbai, Maharashtra – Extension of Period

Reserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had placed The Kapol Cooperative Bank Ltd Mumbai, Maharashtra under Directions from the close of business on March 30, 2017 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to October 31, 2021. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in

ਅਕਤੂ 25, 2021

Minutes of the Monetary Policy Committee Meeting, October 6 to 8, 2021

[Under Section 45ZL of the Reserve Bank of India Act, 1934] The thirty first meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from October 6 to 8, 2021. 2. The meeting was attended by all the members – Dr. Shashanka Bhide, Senior Advisor, National Council of Applied Economic Research, Delhi; Dr. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai; Prof.

ਅਕਤੂ 08, 2021

Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) October 6-8, 2021

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (October 8, 2021) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. The reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent. The MPC also decided to continue with the accommod

ਅਕਤੂ 08, 2021

Governor’s Statement: October 08, 2021

This is my twelfth statement since the onset of the pandemic. Of these, two statements were outside the Monetary Policy Committee (MPC) cycle – one in April 2020 at the outbreak of the COVID-19 crisis and the other in May 2021 at the peak of the second wave. Further, on two occasions – March and May 2020 – the MPC meeting had to be advanced to take pre-emptive action to safeguard the economy from the ravages of the pandemic. Over this period, the Reserve Bank has take

ਸਤੰ 24, 2021

Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra– Extension of Period

The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, had placed Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra under Directions from the close of business on June 25, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to September 24, 2021. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exerci

ਅਗ 22, 2021

Minutes of the Monetary Policy Committee Meeting, August 4 to 6, 2021

The Reserve Bank of India vide directive UBD.CO.BSD-I/D-28/12.22.2018/2012-13 dated February 21, 2013 had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to August 31, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section

ਅਗ 20, 2021

Minutes of the Monetary Policy Committee Meeting, August 4 to 6, 2021

[Under Section 45ZL of the Reserve Bank of India Act, 1934] The thirtieth meeting of the Monetary Policy Committee (MPC), constituted under section 45 Z B of the Reserve Bank of India Act, 1934, was held from August 4 to 6, 2021. 2. The meeting was attended by all the members – Dr. Shashanka Bhide, Senior Advisor, National Council of Applied Economic Research, Delhi; Dr. Ashima Goyal, Professor, Indira Gandhi Institute of Development Research, Mumbai; Prof. Jayanth R.

ਅਗ 06, 2021

Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) August 4-6, 2021

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 6, 2021) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent. The MPC also decided to continue with

ਅਗ 06, 2021

Statement on Developmental and Regulatory Policies

This Statement sets out various developmental measures including liquidity and regulatory measures. I. Liquidity Measures 1. On Tap TLTRO Scheme – Extension of Deadline With a view to increasing the focus of liquidity measures on revival of activity in specific sectors that have both backward and forward linkages and having multiplier effects on growth, the RBI had announced the On Tap TLTRO scheme on October 9, 2020 for five sectors which was available up to March 31

ਅਗ 06, 2021

Governor’s Statement : August 6, 2021

The Monetary Policy Committee (MPC) met on 4th, 5th and 6th August 2021. Based on an assessment of the evolving domestic and global macroeconomic and financial conditions and the outlook, the MPC voted unanimously to keep the policy repo rate unchanged at 4 per cent. The MPC also decided on a 5 to 1 majority to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on

ਅਗ 03, 2021

Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 – Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra – Extension of Period

The Reserve Bank of India vide directive DOS.CO.UCBs-West/D-1/12.07.157/2020-21 dated February 03, 2021 had placed Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra under Directions from the close of business on February 03, 2021 for a period of six months. 2. It is hereby notified for the information of the public that Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of

ਜੂਨ 30, 2021

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Maratha Sahakari Bank Ltd., Mumbai, Maharashtra- Extension of Period

Reserve Bank of India vide directive DCBS.CO.BSD-I/D- 4/12.22.141/2016-17 dated August 31, 2016 had placed the Maratha Sahakari Bank Ltd., Mumbai, Maharashtra under Directions from the close of business on August 31, 2016. The validity of the directions was extended from time-to-time, the last being up to June 30, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Se

ਜੂਨ 18, 2021

Minutes of the Monetary Policy Committee Meeting, June 2 to 4, 2021

[Under Section 45ZL of the Reserve Bank of India Act, 1934] The twenty ninth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from June 2 to 4, 2021. 2. The meeting was attended by all the members – Dr. Shashanka Bhide, Senior Advisor, National Council of Applied Economic Research, Delhi; Dr. Ashima Goyal, Professor, Indira Gandhi Institute of Development Research, Mumbai; Prof. Jayanth R.

ਜੂਨ 15, 2021

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Karnala Nagri Sahakari Bank Ltd., Panvel, Maharashtra – Extension of Period

The Reserve Bank of India vide directive DoS.CO.UCBs-West/D-1/12.07.157/2019-20 dated June 15, 2020 had placed Karnala Nagri Sahakari Bank Ltd., Panvel, Raigad, Maharashtra under Directions from the close of business on June 15, 2020 for a period of six months. The validity of the directions was extended vide Directive DOR.AID/D43/12.22.365/2020-21 dated December 14, 2020 up to June 15, 2021. 2. It is hereby notified for the information of the public that Reserve Bank