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ਜੂਨ 08, 2006

On a review of current macroeconomic and overall monetary conditions, the Reserve Bank of India has decided to increase the reverse repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points to 5.75 per cent from 5.50 per cent with immediate effect. Simultaneously, the repo rate under the LAF, which continues to be linked to the reverse repo rate with a spread of 100 basis points, is also being increased by 25 basis points to 6.75 per cent from 6.50 pe

ਪੀਡੀਐਫ (49690 )

ਜੂਨ 07, 2006

Scheduled Banks' Statement of Position in India as on Friday, May 26, 2006

(Amount in Rupees crore) Scheduled Commercial Banks (including RRBs) All Scheduled Banks (SCBs) I Liabilities to the Banking System (A) 27.05.2005 12.05.2006 * 26.05.2006 * 27.05.2005 12.05.2006 * 26.05.2006 * a. Demand & time deposits from banks 37509.60 32619.27 31184.30 40735.24 34307.67 32901.13 ** b. Borrowings from banks 26827.86 27372.70 29818.27 26968.88 27411.57 29848.50 c. Other demand & time lia

ਪੀਡੀਐਫ (65078 )

ਮਈ 30, 2006

RBI takes Penal Action against Bank of Baroda

The Reserve Bank of India, in exercise of powers vested in it under the provisions of Section 47 A (1)(b) of the Banking Regulation Act 1949, has imposed a monetary penalty of Rs.5.00 lakh (Rupees five lakh only) on Bank of Baroda, for violation of provisions of Banking Regulation Act, 1949. During the course of Annual Financial Inspections of the bank, the Reserve Bank had observed that the bank had netted the items representing internal and external liabilities in t

ਪੀਡੀਐਫ (57892 )

ਮਈ 24, 2006

Scheduled Banks' Statement of Position in India as on Friday, May 12, 2006

(Amount in Rupees crore) Scheduled Commercial Banks (including RRBs) All Scheduled Banks (SCBs) I Liabilities to the Banking System (A) 13.05.2005 28.04.2006 * 12.05.2006* 13.05.2005 28.04.2006* 12.05.2006* a. Demand & time deposits from banks 37301.03 33191.46 32619.27 39802.62 34895.98 34307.67** b. Borrowings from banks 32108.74 29318.44 27372.70 32230.43 29338.68 27411.57 c. Other demand & time liabili

ਪੀਡੀਐਫ (69990 )

ਮਈ 18, 2006

RBI constitutes Working Group to formulate a scheme for ensuring reasonableness of the bank charges

The Reserve Bank of India today constituted a Working Group to formulate a scheme for ensuring reasonableness of bank charges and to incorporate them in the Fair Practices Code. The compliance of Fair Practices Code would be monitored by the Banking Codes and Standards Board of India. The members of the Working Group will be: 1. Shri N. Sadasivan, Banking Ombudsman, Mumbai – Chairman 2. Shri S. Diwakara, All India Depositors' Association 3. Shri H.N. Sinor, Chief Exec

ਪੀਡੀਐਫ (60599 )

ਮਈ 10, 2006

Scheduled Banks' Statement of Position in India as on Friday, April 28, 2006

(Amount in Crores of Rupees) Scheduled Commercial banks (Including RRBs) All Scheduled Banks I Liabilities to the Bkg. System (A) 29.04.2005 14.04.2006 28.04.2006 29.04.2005 14.04.2006 28.04.2006 Variation (SCBs) a. Demand & Time deposits from bks. 37391.84 35689.52 33191.46 38944.29 37404.23 34895.98 -2498.06 b. Borrowings from banks 29625.12 28397.25 29318.44 29669.63 28413.87 29338.68 921.19 c. Other demand

ਪੀਡੀਐਫ (72037 )

ਅਪ੍ਰੈ 26, 2006

Scheduled Banks' Statement of Position in India as on Friday, April 14, 2006

(Amount in Crores of Rupees) SCHEDULED COMMERCIAL BANKS ALL SCHEDULED BANKS (Including RRBs) I LIABILITIES TO THE BKG.SYSTEM (A) 15.04.2005 31.03.2006 14.04.2006 15.04.2005 31.03.2006 14.04.2006 a) Demand & Time deposits from bks. 38136.37 33666.81 35689.52 39697.48 35326.52 37404.23 b) Borrowings from banks 31734.19 29511.55 28397.25 31778.39 29576.54 28413.87

ਪੀਡੀਐਫ (49128 )

ਅਪ੍ਰੈ 12, 2006

Scheduled Banks' Statement of Position in India as on Friday, March 31, 2006

(Amount in Crores of Rupees) SCHEDULED COMMERCIAL BANKS ALL SCHEDULED BANKS (Including RRBs) I LIABILITIES TO THE BKG.SYSTEM (A) 01.04.2005 17.03.2006 * 31.03.2006 * 01.04.2005 17.03.2006 * 31.03.2006 * a) Demand & Time deposits from bks. 43507.10 32680.48 33666.81 45138.

ਪੀਡੀਐਫ (51707 )

ਅਪ੍ਰੈ 05, 2006

Credit Information Companies (Regulation) Act, 2005: RBI releases Draft Rules and Regulations for Feedback

The Reserve Bank of India today released for feedback the draft Rules and Regulations under the Credit Information Companies (Regulation) Act, 2005. It has requested for comments/views to be sent to the Chief General Manager-in-charge, Department of Banking Operations and Development, 5th Floor, World Trade Centre, Mumbai 400 005 on or before April 15, 2006. It may be recalled that the Credit Information Companies (Regulation) Act, 2005 was passed in May 2005 and noti

ਪੀਡੀਐਫ (67396 )

ਮਾਰਚ 31, 2006

Scheduled Banks' Statement of Position in India as on Friday, March 17, 2006

(Amount in Crores of Rupees) Scheduled Commercial banks (Including RRBs) All Scheduled Banks I Liabilities to the Bkg. System (A) 18.03.2005 03.03.2006* 17.03.2006* 18.03.2005 03.03.2006* 17.03.2006* a. Demand & Time deposits from bks. 36308.13 31372.28 32680.48 37829.99 32986.83 34312.71** b. Borrowings from banks 27615.93 27196.13 30567.06 27762.95 27222.43 30632.99 c. Other demand & time liabilities 3124.54 90

ਪੀਡੀਐਫ (71114 )

ਮਾਰਚ 24, 2006

RBI takes penal action against Jammu and Kashmir Bank Ltd.

The Reserve Bank of India, in exercise of powers vested in it under the provisions of Section 47 A (1)(b) of the Banking Regulation Act 1949, has imposed a monetary penalty of Rs.5.00 lakhs (Rupees five lakhs only) on Jammu and Kashmir Bank Ltd., for violation of Sec 20(1) of Banking Regulation Act 1949. While granting Letter of Credit facilities to one of its constituents, the bank had failed to ensure that adequate and effective arrangements were made by the constit

ਪੀਡੀਐਫ (58709 )

ਮਾਰਚ 16, 2006

RBI and 894 branches of Banks to accept Advance Income Tax

As many as 894 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. These arrangements have been made for the convenience of the income tax assesses. Of the 894 bank branches 833 branches are public sector bank branches, 23 HDFC bank branches, 9 ICICI bank branches, 16 UTI bank branches and 13 IDBI bank branches. The Reserve Bank of India has advised income tax assesses to take advantage of these standing

ਪੀਡੀਐਫ (57392 )

ਮਾਰਚ 14, 2006

Scheduled Banks' Statement of Position in India as on Friday, March 3 , 2006

(Amount in Crores of Rupees) Scheduled Commercial banks (Including RRBs) All Scheduled Banks I Liabilities to the Bkg. System (A) 04.03.2005 17.02.2006* 03.03.2006* 04.03.2005 17.02.2006* 03.03.2006* a. Demand & Time deposits from bks. 36388.04 29686.40 31372.28 37932.59 31317.53 32986.83** b. Borrowings from banks 23905.52 24738.16 27196.13 23970.94 24756.60 27222.43 c. Other demand & time liabilities 3103.73 7801.74 9

ਪੀਡੀਐਫ (64850 )

ਮਾਰਚ 14, 2006

Credit to Farmers

1. Context and Perception There is a perception that credit to farmers is priced higher than commensurate with the level of properly-assessed risk. This is a perception that has been articulated by the Reserve Bank also in the recent past (See Annex). The budget measures are thus contextually relevant. It may be noted that the main thrust of the budget announcement is to provide some relief to farmers through fiscal measures rather than cross-subsidisation within the

ਪੀਡੀਐਫ (44382 )

ਮਾਰਚ 08, 2006

A Profile of Banks 2004-05

The Reserve Bank of India has been bringing out 'Statistical Tables Relating to Banks in India'. The publication presents comprehensive data relating to scheduled commercial banks and has been well received. A need has been expressed by the user community for making available at a single place certain important parameters for each of the commercial banks across time period. The publication, 'A Profile of Banks', the first of its kind, is an endeavour to meet this requ

ਪੀਡੀਐਫ (57188 )

ਫ਼ਰ 20, 2006

Banking initiatives in Andaman & Nicobar Islands

Dr. Y.V. Reddy, Governor of Reserve Bank of India and three Deputy Governors Dr. Rakesh Mohan, Smt. Shyamala Gopinath and Smt. Usha Thorat along with the Executive Director Shri V.S. Das held a meeting on February 17, 2006 with the senior officials of the Union Territory led by the Chief Secretary Shri D.S. Negi. The President Andaman & Nicobar Chamber of Commerce, Adhyaksha Zilla Parishad, National Bank for Agriculture and Rural Development and representatives of

ਪੀਡੀਐਫ (59258 )

ਫ਼ਰ 15, 2006

Scheduled Banks' Statement of Position as at the Close of Business on Friday, the 03.02.06

(Amount in Crores of Rupees) Scheduled Commercial banks (Including RRBs) All Scheduled Banks I Liabilities to the Bkg. System (A) 04.02.2005 20.01.2006* 03.02.2006* 04.02.2005 20.01.2006* 03.02.2006* a. Demand & Time deposits from bks. 34993.99 32921.51 32872.75 37189.52 34503.98 35118.30** b. Borrowings from banks 27174.16 27556.44 27146.80 27263.74 27660.27 27199.18 c. Other demand & time liabilities 315

ਪੀਡੀਐਫ (71683 )

ਫ਼ਰ 02, 2006

Scheduled Banks' Statement of Position as at the Close of Business on Friday, the 20.01.06

(Amount in Crores of Rupees) Scheduled Commercial banks (Including RRBs) All Scheduled Banks I Liabilities to the Bkg. System (A) 21.01.2005 06.01.2006* 20.01.2006* 21.01.2005 06.01.2006* 20.01.2006* a. Demand & Time deposits from bks. 34635.95 33616.01 32921.51 36782.72 35388.75 34503.98** b. Borrowings from banks 26513.47 30079.95 27556.44 26553.32 30136.97 27660.27 c. Other demand & time liabilities 266

ਪੀਡੀਐਫ (71554 )

ਜਨ 23, 2006

Collection of account payee cheque - Prohibition on crediting proceeds to third party account

In view of the recent misuse of Initial Public Offer (IPO) process by certain individuals/entities and reports received in this regard from Securities and Exchange Board of India (SEBI), the Reserve Bank of India took up detailed investigations at some banks to ascertain the modus operandi adopted by different parties in manipulating the system. It was observed that despite extant instructions, banks had credited the proceeds of individual account payee refund orders

ਪੀਡੀਐਫ (51656 )

ਜਨ 13, 2006

HLCC on financial and capital market meets

A meeting of the High Level Coordination Committee (HLCC) on Financial and Capital Markets (HLCCFCM) was held today at the Reserve Bank of India (RBI), Mumbai. Dr. Y.V.Reddy, Governor, Reserve Bank of India chaired the meeting. Shri A.K.Jha, Secretary, Economic Affairs, Ministry of Finance, Government of India, Shri M. Damodaran Chairman, Securities and Exchange Board of India (SEBI), Shri C.S.Rao, Chairman, Insurance Regulatory and Development Authority (IRDA), and o

ਪੀਡੀਐਫ (58380 )

ਜਨ 09, 2006

Ganesh Bank of Kurundwad: RBI announces Amalgamation Scheme with Federal Bank

The Reserve Bank of India has today placed in public domain a draft scheme of amalgamation of the Ganesh Bank of Kurundwad Limited with the Federal Bank Limited. The Reserve Bank has invited suggestions and comments from members of public, including the banks' shareholders, depositors and creditors on the draft scheme. The draft scheme has also been sent to both the banks. Both the banks have been given two weeks' time, upto January 21, 2006, to consider the draft sch

ਪੀਡੀਐਫ (58742 )

ਨਵੰ 24, 2005

RBI releases Report on Trend and Progress of Banking in India: 2004-05

The Reserve Bank of India has today released its Report on Trend and Progress of Banking in India, 2004-05. The Report gives a detailed account of the policy developments and performance of commercial banks, co-operative banks and non-banking financial institutions during 2004-05. The Report is divided into seven chapters and contains detailed statistical tables on several parameters relating to the operations and performance of various financial institutions. Overvie

ਪੀਡੀਐਫ (86025 )

ਨਵੰ 07, 2005

Commercial Bank Presence in India and Pakistan

An understanding has been reached between the Reserve Bank of India (RBI) and the State Bank of Pakistan (SBP) on granting permission for opening two branches of banks from India in Pakistan and two branches of banks from Pakistan in India, on a reciprocal basis. The specific banks to be permitted to open the branches would be mutually agreed upon by the RBI and the SBP keeping in view their respective regulatory policies and procedures. The licensing of subsequent or

ਪੀਡੀਐਫ (50588 )

ਅਕਤੂ 20, 2005

RBI imposes penalty on State Bank of Indore, Madhya Pradesh

The Reserve Bank of India imposes a penalty of Rs.5,00,000/-(Rupees five lakh only) on State Bank of Indore, Indore, Madhya Pradesh, under Section 47(A)(1)(b) of the Banking Regulation Act, 1949 for violation of instructions/guidelines issued by the Reserve Bank of India in regard to opening of account and monitoring of cash transactions at one of their branches during the year 2000. P.V.Sadanandan Manager Press Release: 2005-2006/487

ਪੀਡੀਐਫ (55636 )

ਸਤੰ 30, 2005

Scheme of Amalgamation under section 44A of Banking Regulation Act, 1949 - Bank of Punjab Ltd. with Centurion Bank Ltd

In exercise of the powers contained in Sub-section (4) of Section 44A of the Banking Regulation Act, 1949, the Reserve Bank of India sanctioned the Scheme of Amalgamation of Bank of Punjab Ltd. with Centurion Bank Ltd. The Scheme shall come into force with effect from October 1, 2005. All the branches of Bank of Punjab Ltd. shall from October 1, 2005, function as branches of Centurion Bank Ltd. Ajit Prasad Manager Press Release: 2005-2006/412

ਪੀਡੀਐਫ (55951 )

ਅਗ 12, 2005

HLCC on financial and capital markets meets

A meeting of the High Level Coordination Committee (HLCC) on Financial and Capital Markets (HLCCFCM) was held today at the Reserve Bank of India (RBI), Delhi. Dr. Y.V.Reddy, Governor, Reserve Bank of India chaired the meeting. Shri A.K.Jha, Secretary, Economic Affairs, Ministry of Finance, Government of India, Shri M. Damodaran Chairman, Securities and Exchange Board of India (SEBI), Shri C.S.Rao, Chairman, Insurance Regulatory and Development Authority (IRDA), and ot

ਪੀਡੀਐਫ (177568 )

ਜੂਨ 23, 2005

No Repo/Reverse Repo operation on July 1, 2005

The Reserve Bank of India will conduct Repo/Reverse Repo auction under Liquidity Adjustment Facility (LAF) on June 30, 2005 for four days (with reversal on July 4, 2005) instead of one day, as announced earlier. Further, no Repo/Reverse Repo operation will be conducted on July 1, 2005. This is in partial modification of the auction calendar in respect of LAF notified vide our Press Release : 2004-2005/1012 dated March 29, 2005. The modification has become necessary du

ਪੀਡੀਐਫ (177240 )

ਜੂਨ 15, 2005

HLCC on Financial and Capital Markets Meets

A meeting of the High Level Coordination Committee (HLCC) on Financial and Capital Markets (HLCCFCM) was held today at the Reserve Bank of India (RBI), Mumbai. Dr. Y.V.Reddy, Governor, Reserve Bank of India chaired the meeting. Dr. Rakesh Mohan, Secretary, Economic Affairs, Ministry of Finance, Government of India, Shri M.Damodaran Chairman, Securities and Exchange Board of India (SEBI), Shri C.S.Rao, Chairman, Insurance Regulatory and Development Authority (IRDA), an

ਪੀਡੀਐਫ (178069 )

ਜੂਨ 13, 2005

RBI Working Group to Review Export Credit submits Report

The Reserve Bank of India's Working Group to review a range of issues relating to export credit has submitted its report. The Working Group, based on the presentations made by the representatives of the Export Promotion Organisations, discussions and study of the statistics and relevant information made available to it, has recommended that in respect of the Rupee export credit, the present interest rate prescription by the Reserve Bank of India may continue for the t

ਪੀਡੀਐਫ (181662 )

ਅਪ੍ਰੈ 25, 2005

Reserve Bank releases Report on Credit Card Regulations

The Reserve Bank released the on its website (www.rbi.org.in) Payment of penalty to the recipient of unsolicited card in case the card got activated without the approval of the recipient, Code of conduct for direct selling agents, 'Do Not Call Registry' website to be maintained by the Indian Banks' Association, sending the most important terms and conditions highlighting crucial items to the customers at all the stages and authorising the Banking Ombudsman to redress

ਪੀਡੀਐਫ (178466 )

ਅਪ੍ਰੈ 01, 2005

Scheme of Amalgamation of IDBI Bank Ltd. with IDBI Ltd. to be effective from April 2, 2005

The scheme of amalgamation of the IDBI Bank Ltd. with IDBI Ltd., will come into effect from April 2, 2005. The Reserve Bank has sanctioned the scheme of amalgamation of these two banks in exercise of the powers contained in Sub-Section (4) of Section 44A of the Banking Regulation Act, 1949.Alpana KillawalaChief General Manger Press Release: 2004-2005/1033

ਪੀਡੀਐਫ (175745 )

ਮਾਰਚ 16, 2005

DICGC raises Premium for Deposit Insurance

The Deposit Insurance and Credit Guarantee Corporation (DICGC) has decided to raise the deposit insurance premium to 10 paise per Rs.100 from 5 paise per Rs.100 of assessable deposit per annum. The premium will be raised in a phased manner over a period of two years. In the first phase, the premium rate would be increased to 8 paise from 5 paise per annum per Rs.100 of assessable deposits for the financial year 2004-05. In the second phase the deposit insurance premiu

ਪੀਡੀਐਫ (177309 )

ਫ਼ਰ 02, 2005

RBI issues Guidelines on Merger/Amalgamation for Urban Banks

The Reserve Bank of India has, in the recent past, received some interest for merger/amalgamation from among the urban cooperative banks (urban banks). With a view to encouraging and facilitating consolidation and emergence of strong entities and providing an avenue for non-disruptive exit of weak/unviable entities in the co-operative banking sector, the Reserve Bank has decided to issue suitable guidelines to facilitate merger/amalgamation in the sector and place the

ਪੀਡੀਐਫ (179565 )

ਦਸੰ 24, 2004

Dealing with Customer Complaints of Credit Cards: RBI asks banks to be more sensitive to customer complaints:IBA to evolve a Code of Conduct for Credit Card Issuing Banks

At a meeting of banks issuing credit cards held today, by the Reserve Bank of India in Mumbai, it was decided that the Indian Banks' Association along with some large credit cards issuing banks will evolve a code of conduct to be voluntarily adopted by the banks issuing credit cards. The meeting was held in the wake of significant concerns that had arisen of late in regard to credit card operations of banks. The Reserve Bank also stressed on the need for the card issu

ਪੀਡੀਐਫ (179272 )

ਨਵੰ 29, 2004

RBI releases Report on Trend and Progress of Banking in India-2003-04

The Reserve Bank of India has released today its Report on Trend and Progress of Banking in India, 2003-04. The Report gives a detailed account of the performance of and policy developments relating to commercial banks, co-operative banks, financial institutions and non-banking financial companies during 2003-04. A chapter on financial stability covering various emerging issues has been introduced. The Report is divided into eight Chapters and contains detailed statis

ਪੀਡੀਐਫ (181932 )

ਅਕਤੂ 20, 2004

RBI to disclose Penalties and Specific Supervisory Actions on Banks from November 1

The Reserve Bank of India has, in the interest of the investors and depositors, decided to disclose the penalties imposed by it on banks. In a circular issued to commercial banks, it has said that it would, from November 1, 2004 issue a press release giving details of the circumstances under which the penalty is imposed on a bank. It would also place the communication on the imposition of penalty to the bank in public domain. In addition, the Reserve Bank has asked ba

ਪੀਡੀਐਫ (180356 )

ਜੁਲਾ 26, 2004

Draft Scheme of GTB - OBC Amalgamation

Global Trust Bank Ltd., (GTB) has been placed under an Order of Moratorium on July 24, 2004 which is effective upto October 23, 2004 or an earlier date if alternate arrangements are in place. During the period of moratorium, the Reserve Bank of India has to decide the future set up of GTB. GTB had been given time to arrange for infusion of capital as also to explore the options of raising required capital or voluntary merger with any domestic bank. GTB’s proposal for

ਪੀਡੀਐਫ (176421 )

ਜੁਲਾ 05, 2004

Comments/Suggestions on Draft Policy on Private Banks

The Reserve Bank of India has received several suggestions and queries from the market participants and media on its draft policy framework for ownership and governance of private banks. The Reserve Bank, on Friday, placed the draft policy framework on its website for public debate. The Reserve Bank welcomes valuable suggestions and feedback. Anyone who wishes to seek clarifications or make suggestions on the draft policy is welcome to post them Based on the feedback

ਪੀਡੀਐਫ (8786 )

ਜੂਨ 14, 2004

RBI releases Report of the Working Group on Financial Conglomerates for Public Comments

The Reserve Bank of India today placed for public comments the Report of the Working Group on Financial Conglomerates on its website. The Report has been released in pursuance of paragraph 131 of the Annual Policy Statement for the year 2004-05. Comments may please be sent to Chief General Manager-in-Charge, Department of Banking Supervision, Reserve Bank of India, World Trade Centre, Mumbai 400 005 or to fax No.022-22160932 It may be recalled that the Governor had an

ਪੀਡੀਐਫ (179623 )

ਜੂਨ 11, 2004

HLCC on Financial and Capital Markets Meets

A meeting of the High Level Coordination Committee (HLCC) on Financial and Capital Markets (HLCCFCM) was held today at the Reserve Bank of India (RBI), Mumbai. Dr. Y.V.Reddy, Governor, Reserve Bank of India chaired the meeting. Shri D.C.Gupta, Finance Secretary and Shri N.S.Sisodia, Secretary (Financial Sector), Ministry of Finance, Government of India, Shri G.N. Bajpai, Chairman, Securities and Exchange Board of India (SEBI), Shri C.S.Rao, Chairman, Insurance Regulat

ਪੀਡੀਐਫ (176247 )

ਮਾਰਚ 29, 2004

Minimum owned fund of Securitisation and Reconstruction Companies shall not be less than 15%

The Reserve Bank of India today directed Securitisation Companies and Reconstruction Companies that their minimum Owned Fund shall be not less than fifteen percent of the total financial assets acquired or to be acquired by the Securitisation Company or Reconstruction Company on an aggregate basis, or Rs. 100 crore, whichever is less. It has been clarified that the minimum Owned Fund has to be maintained irrespective of whether the assets are transferred to a trust se

ਪੀਡੀਐਫ (137147 )

ਮਾਰਚ 27, 2004

RBI and Banks to accept Tax on March 30

The Reserve Bank of India has, for the convenience of tax payers, made arrangements to receive direct taxes, that is, income tax, corporation tax, etc., on Tuesday, March 30, 2004. On that day, it will receive these payments in cash upto 2.30 p.m. and by cheques/instruments upto 3.30 p.m. The Reserve Bank has also requested the bank branches authorised by income tax department to make necessary arrangements to accept payment of income tax dues in those states where Ma

ਪੀਡੀਐਫ (112778 )

ਫ਼ਰ 24, 2004

Current Account Transactions Further Lliberalised

In order to further simplify and liberalise the current account transactions, the Reserve Bank of India has announced its decision to freely allow the Authorised Dealers, the following categories of remittances in terms of the Foreign Exchange Management Act (Current Account Transactions) Rules, 2000: Remittance by artistes, e.g., wrestlers, dancers, entertainers etc. Commission to agents abroad for sale of residential plots for amounts up to USD 25,000 or 5 per cent

ਪੀਡੀਐਫ (12750 )

ਦਸੰ 11, 2003

Pay Income-tax dues in advance at any designated bank branch : RBI

The Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income tax dues at any of the designated bank branches. The income-tax department has authorised approximately 844 computerised branches of public sector banks and private sector banks in Mumbai and Navi Mumbai to accept payment of income-tax dues. The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Re

ਪੀਡੀਐਫ (4642 )

ਦਸੰ 10, 2003

Prudential Guidelines on Banks’Investment in non-SLR Securities

Reserve Bank of India had issued guidelines on investments by banks in non-SLR securities on November 12, 2003. With a view to operationalising the guidelines a series of meetings were held with banks and other market participants and a transition period up to March 31, 2004 was provided. Further discussions were held with market participants on the actual implementation and for considering certain relaxations needed for a smooth transition, Reserve Bank has issued th

ਪੀਡੀਐਫ (8781 )

ਨਵੰ 17, 2003

RBI releases Report on Trend and Progress of Banking in India-2002-03

The Reserve Bank of India today released its Report on Trend and Progress of Banking in India, 2002-03. The Report gives a detailed account of the performance of and policy developments relating to commercial banks, co-operative banks, financial institutions and non-banking financial companies during 2002-03. The Report is divided into seven Chapters and contains detailed statistical tables on various parameters for banks and financial institutions.OverviewThe first c

ਪੀਡੀਐਫ (9531 )

ਅਕਤੂ 15, 2003

Quarterly Handout: Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks - As on the last Friday of June 2003

"Banking Statistics: Quarterly Handout – June 2003" provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on the last Friday of June 2003. The data are based on Basic Statistical Return-7, received from all scheduled commercial banks. The top hundred centres arranged according to the size of deposits accounted for 61.5 per cent of the total deposits and the top hundred centres arranged according to the size of bank credit acco

ਪੀਡੀਐਫ (6004 )

ਅਗ 29, 2003

RBI allows four Private Sector Banks to take Government Business

The Reserve Bank of India has permitted four private sector banks for conduct of all types of Central Government transactions as its agents with effect from October 1, 2003. The four banks that have been permitted to undertake Government transactions are HDFC Bank Ltd., ICICI Bank Ltd., IDBI Bank Ltd. and UTI Bank Ltd. These banks have also been authorised to conduct State Government transactions if any State Government desires to appoint any one or all these banks as

ਪੀਡੀਐਫ (4921 )

ਅਗ 27, 2003

Pay Income-tax dues in advance at any designated bank branch : RBI

The Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income tax dues at any of the designated bank branches. The income-tax department has authorised approximately 832 computerised branches of public sector banks and HDFC Bank in Mumbai and Navi Mumbai to accept payment of income-tax dues. The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Reserve Bank'

ਪੀਡੀਐਫ (4651 )

ਅਗ 23, 2003

Decline in Inflation, Good Monsoon prompted Repo Rate cut ; Interest Rate for State Loans to stay at 6.20% : RBI

In response to a query from wire agencies, the official spokesperson of the Reserve Bank of India has said that the decision to reduce the repo rate has been taken in the light of decline in the inflation rate and good monsoon. It may be recalled that the Reserve Bank had earlier pointed out that it was closely watching the movement in inflation and behaviour of the monsoon before any decision would be taken. The annual rate of inflation which was about 6.7 per cent a

ਪੀਡੀਐਫ (6454 )

ਅਗ 23, 2003

Reduction in repo rate

In view of the current macroeconomic and overall monetary conditions, the Reserve Bank of India has decided to reduce the one day and 14 day repo rate under the Liquidity Adjustment Facility (LAF) of the Reserve Bank to be made available on August 25, 2003 to 4.5 per cent from 5.0 per cent. Thereafter, as per the current practice, the cut-off rate for acceptance of bids for one day and 14 day repo will continue to be decided by the Reserve Bank at each auction. Alpana

ਪੀਡੀਐਫ (4498 )

ਜੁਲਾ 18, 2003

Quarterly Handout: Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks (As on March 31, 2003)

'Banking Statistics: Quarterly Handout – March 2003' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on 31st March 2003. The data are based on Basic Statistical Return-7, received from all scheduled commercial banks. The data have been presented according to top hundred centres, states, districts, population groups and bank groups. Five new statements are added from this issue of Quarterly Handout. The top hundred centres arr

ਪੀਡੀਐਫ (6629 )

ਜੂਨ 06, 2003

No Repo Rate cut Now : RBI

We do not expect to make a repo cut now or for quite sometime, until the monsoon and inflation situation becomes clearer. There has been renewed market speculation on this issue in the light of the 50 basis point cut made by the European Central Bank yesterday. The rate of inflation in the main Euro countries is in the range of 2 per cent compared to our inflation rate which was 5.9 per cent on May 17, 2003, an official spokesperson of the Reserve Bank of India clarif

ਪੀਡੀਐਫ (4516 )

ਮਈ 26, 2003

Pay Income-tax dues in advance at any designated bank branch : RBI

The Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income tax dues at any of the designated bank branches. The income-tax department has authorised approximately 820 computerised branches of public sector banks and HDFC Bank in Mumbai and Navi Mumbai to accept payment of income-tax dues. The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Reserve Bank'

ਪੀਡੀਐਫ (4665 )

ਅਪ੍ਰੈ 12, 2003

ICICI Bank's Financial Position Sound : RBI

There are reports in some sections of the media that based on rumours of ICICI Bank facing liquidity problems, depositors are withdrawing cash at its ATMs and branches in Gujarat. The Reserve Bank of India is monitoring the developments and has arranged to provide adequate cash to ICICI Bank to meet the demands of its customers at the branches/ATMs. It is clarified that the ICICI Bank has sufficient liquidity, including in its current account with the Reserve Bank of

ਪੀਡੀਐਫ (4664 )

ਅਪ੍ਰੈ 12, 2003

Quarterly Handout: Aggregate Deposits and Gross Bank Credit of all Scheduled Commercial Banks

(As on the last Friday of December 2002) 'Banking Statistics: Quarterly Handout – December 2002' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on the last Friday of December 2002. The data are based on Basic Statistical Return-7, received from all scheduled commercial banks. The data have been presented according to top hundred centres, states, districts, population groups and bank groups. The top hundred centres arranged a

ਪੀਡੀਐਫ (5777 )

ਮਾਰਚ 28, 2003

RBI and tax collecting bank branches to extend banking hours on March 29 and 31

The Reserve Bank of India has decided to keep its tax collection counters open for extended time on March 29, 2003 and March 31, 2003 beyond normal business hours to facilitate payment of taxes by tax assessees. The Reserve Bank has also asked all public sector banks and other banks authorised to collect taxes, to keep their tax collecting branches open for a reasonably longer time for this purpose only. In a circular issued on March 27, 2003, the Reserve Bank has ask

ਪੀਡੀਐਫ (5118 )

ਮਾਰਚ 28, 2003

Banks' Lending Rates Updated on RBI Website
for Quarter-October December 2002

The Reserve Bank of India has today released the lending rates of scheduled commercial banks for the quarter October to December 2002 on its website (www.rbi.org.in ). The data include the range of actual and median lending rates for credit above Rs. two lakh as well as actual and median lending rates for export credit in rupee terms. Both these categories of data are available bank-group wise. An additional table presenting the lending rates of individual banks for c

ਪੀਡੀਐਫ (5035 )

ਮਾਰਚ 12, 2003

Mumbai Clearing House to be closed on March 14 and May 14 : RBI

The Reserve Bank of India has stated that the clearing house in Mumbai will not function on March 14, 2003 as the Government of Maharashtra has declared it as a holiday under the Negotiable Instruments Act, 1881 on account of Moharrum. Earlier, the holiday for Moharrum was declared on March 15, 2003. Now, the clearing house will function normally on March 15, 2003The clearing house in Reserve Bank of India in Mumbai will also remain closed on May 14, 2003 instead of M

ਪੀਡੀਐਫ (4761 )

ਫ਼ਰ 25, 2003

RBI Appeal to Tax Payers

To avoid long queues and inconveniences for payment of income tax (IT) at the Reserve Bank counters, the Reserve Bank of India has appealed to the tax payers to utilise the services available at various branches of public sector banks in Mumbai and Navi Mumbai and deposit their income tax dues well in advance of the last date. Income Tax Assessees can now pay advance income tax at any of the 820 branches of public sector banks and HDFC Bank at Mumbai and Navi Mumbai.

ਪੀਡੀਐਫ (4780 )

ਜਨ 24, 2003

Quarterly Handout: Aggregate Deposits and Gross Bank Credit of all Scheduled Commercial Banks - As on the last Friday of September 2002

'Banking Statistics: Quarterly Handout – September 2002' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on the last Friday of September 2002.The data have been presented according to top hundred centres, states, districts, population groups and bank groups. The primary data have been collected from all scheduled commercial banks through the BSR-7 return. The top hundred centres arranged according to the size of deposits acco

ਪੀਡੀਐਫ (6517 )

ਦਸੰ 19, 2002

Working Group on Lenders' Liability Laws

The Government of India had constituted a Working Group to study Lenders' Liability Laws of other countries and their implications on the borrowers, lenders, regulators and other stakeholders and to make recommendations regarding legislative proposals suitable for Indian conditions. The Group submitted its report in October 2002. After considering the pros and cons of the issue, the Group has recommended that for the time being a Fair Practices Code may be framed by t

ਪੀਡੀਐਫ (6769 )

ਦਸੰ 14, 2002

Bank Loans only against Relief Bonds

It was reported in a section of the press today that the Reserve Bank of India has allowed banks to sanction loans against Relief Bonds.The Reserve Bank of India has clarified that as per Government of India instructions, banks are allowed to sanction loans against Relief Bonds only. This facility is not available against 7 per cent Savings Bonds, 2002, which is a new scheme introduced in October 2002. The 7 per cent Savings Bonds 2002, which were introduced from Octo

ਪੀਡੀਐਫ (4750 )

ਦਸੰ 04, 2002

Annual Accounts of Scheduled Commercial Banks : 1989-90 to 2000-01 available on CD-ROM

The Reserve Bank of India has released a compendium in the form of a CD-ROM containing annual accounts data of Scheduled Commercial Banks (including Regional Rural Banks) for the period 1989-90 to 2000-01. The CD-Rom contains bank-wise information on items of liabilities, assets, earnings and expenses and also the following business ratios disclosed by the banks as a part of the `notes on annual accounts' from the year 1997-98:Capital Adequacy Ratio,Net NPA as a perce

ਪੀਡੀਐਫ (6832 )

ਨਵੰ 16, 2002

Proposed Amalgamation of the Nedungadi Bank Ltd. with Punjab National Bank: Information for the Public

In view of the press reports regarding the movement of share prices of Nedungadi Bank Ltd., the Reserve Bank of India has invited public attention to a clause (clause 7(1) of Chapter IV) in the draft scheme of amalgamation of Nedungadi Bank Ltd. with Punjab National Bank which prescribes that the entire amount of the paid up capital and reserves of the Nedungadi Bank Ltd. would be treated as provision for bad and doubtful debts and depreciation and other assets of the

ਪੀਡੀਐਫ (5258 )

ਨਵੰ 15, 2002

RBI releases Report on Trend and Progress of Banking in India - 2001-02

The Reserve Bank of India today released its Report on Trend and Progress of Banking in India 2001-02. The Report gives a detailed account of the performance of commercial banks, co-operative banks, financial institutions and non-banking financial companies (NBFCs). The Report also gives information on developments in the policy environment and in the regulatory and supervisory framework applicable to these financial entities. The Report is divided into five chapters

ਅਕਤੂ 07, 2002

Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on the last Friday of June 2002

'Banking Statistics: Quarterly Handout – June 2002' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on the last Friday of June 2002.The data have been classified according to top hundred centres, states, districts, population groups and bank groups. The primary data have been collected from all scheduled commercial banks through the BSR-7 returns. The top hundred centres arranged according to the size of deposits accounted fo

ਪੀਡੀਐਫ (6382 )

ਸਤੰ 06, 2002

Pay Income-tax dues in advance at any designated bank branch : RBI

The Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income tax dues at any of the designated bank branches. The income-tax department has authorised approximately 820 computerised branches of public sector banks in Mumbai and Navi Mumbai to accept payment of income-tax dues. The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Reserve Bank's/designated b

ਪੀਡੀਐਫ (4606 )

ਅਗ 19, 2002

No Immediate Bank Rate Cut : RBI

Reacting to a report in a section of the press today, quoting unnamed official sources, the official spokesperson of the Reserve Bank of India said that at present there is no immediate proposal under consideration to cut Bank Rate by 0.5 per cent. Alpana Killawala General ManagerPress Release: 2002-2003/180

ਪੀਡੀਐਫ (4187 )

ਜੁਲਾ 03, 2002

Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on March 31, 2002

"Banking Statistics: Quarterly Handout – March 2002" provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 2002.The data have been classified according to top one hundred centres, states, districts, population groups and bank groups. The primary data have been collected from all scheduled commercial banks through the BSR-7 returns. The gross bank credit data includes aggregate net advances of ICICI Limited, ICICI Perso

ਪੀਡੀਐਫ (8023 )

ਜੂਨ 20, 2002

Amalgamation of the Benares State Bank Ltd. with Bank of Baroda

On the application of the Reserve Bank of India under Sub-Section (1) of Section 45 of the Banking Regulation Act, 1949, the Central Government had made an Order of Moratorium in respect of the Benares State Bank Ltd. under Sub-Section (2) of the said Section with effect from the close of business on January 22, 2002 to July 21, 2002 (inclusive). During the period of moratorium, Reserve Bank of India had prepared a Draft Scheme of Amalgamation of the Benares State Ban

ਪੀਡੀਐਫ (5652 )

ਜੂਨ 07, 2002

Indian Promoters' can hold 49 per cent in Private Banks

In order to provide a level playing field, it has been decided to raise the maximum limit of shareholding of Indian promoters in private sector banks from 40 per cent to 49 per cent of their paid up capital. In terms of the revised guidelines for entry of new private sector banks issued on January 3, 2001 promoters’ contribution for setting up a new bank was restricted to 40 per cent of the paid up capital of the bank at any point of time. In case the initial contribu

ਪੀਡੀਐਫ (5693 )

ਮਈ 20, 2002

All RBI regulated Entities to hold G-Secs in Demat Form

The Reserve Bank of India, has been, over a period of time, encouraging holding of government securities in dematerialised form. At present 99% of the trading in government securities takes place through SGL accounts with RBI for which the Delivery versus Payment (DVP) system ensures simultaneous transfer of securities against funds. In the light of recent fraudulent transactions in the guise of Government securities transactions in physical format by a few co-operati

ਪੀਡੀਐਫ (7558 )

ਮਈ 18, 2002

RBI advances the date for reduction in the CRR: Reduction to be effective from next reporting fortnight beginning June 1, 2002

On a review of the present liquidity situation, the Reserve Bank of India has today announced advancement of the date for reduction in cash reserve ratio (CRR). Banks will have to maintain CRR at 5 per cent as against the present level of 5.5 per cent effective next reporting fortnight beginning June 1, 2002. It may be recalled that in the Monetary and Credit Policy for the year 2002-2003, it was proposed to reduce cash reserve ratio (CRR) by 50 basis points effective

ਪੀਡੀਐਫ (5045 )

ਅਪ੍ਰੈ 26, 2002

Merger of ICICI Ltd. with ICICI Bank Ltd.

An application for merger of ICICI Ltd. with ICICI Bank Ltd. was submitted to the Reserve Bank of India (RBI) on October 25, 2001 for regulatory approvals. The Reserve Bank examined the request keeping in view the statutory, regulatory and other prudential requirements and the need for compliance by ICICI Bank Ltd. with the various provisions of the Banking Regulation Act, 1949.It will be recalled that the Scheme of Merger has already received the sanction of High Cou

ਪੀਡੀਐਫ (12798 )

ਅਪ੍ਰੈ 02, 2002

Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on Last Friday of December 2001

'Banking Statistics: Quarterly Handout – December 2001' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of December 2001. The data have been classified according to top hundred centers, states, districts, population groups and bank groups. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. The top hundred centres arranged according to size of deposits accounted fo

ਪੀਡੀਐਫ (7264 )

ਮਾਰਚ 28, 2002

RBI Counters in Mumbai and Navi Mumbai to remain open on March 30 and March 31, 2002 for Tax Collection

The Reserve Bank of India counters in Mumbai and Navi Mumbai will be kept open for payment of taxes on Saturday, March 30, 2002 and Sunday, March 31, 2002 as per the normal banking hours available on any other weekday - that is, from 10.30 am to 2.30 pm for cash transactions and upto 4.15 pm for non-cash transactions. Tax payers are advised to take advantage of the arrangements made for their convenience. Alpana Killawala General ManagerPress Release No.2001-2002/1085

ਪੀਡੀਐਫ (4658 )

ਮਾਰਚ 27, 2002

RBI Counters to remain open on March 30 and March 31, 2002 for Tax Collection

Keeping in view the holidays coinciding with the closure of Government accounts for the current financial year (2001-2002) arrangements have been made to receive Government taxes at Reserve Bank of India, Mumbai.Accordingly, the Reserve Bank counters will be kept open for payment of taxes on Saturday, March 30, 2002 and Sunday, March 31, 2002 as per the normal banking hours available on any other weekday - that is, from 10.30 am to 2.30 pm for cash transactions and up

ਪੀਡੀਐਫ (4790 )

ਫ਼ਰ 06, 2002

RBI Working Group Report on Consolidated Accounting released on Site for Comments

The Reserve Bank of India has today placed on its website the report of the Working Group on Consolidated Accounting and Other Quantitative Methods to facilitate Consolidated Supervision. The Working Group was headed by Shri Vipin Malik, Director, Bharatiya Note Mudran Limited, Former Director, Central Board of RBI and a Chartered Accountant. It has requested interested parties to offer their suggestions to the Chief General Manager-in-Charge, Department of Banking Op

ਪੀਡੀਐਫ (28769 )

ਜਨ 24, 2002

Benares State Bank Ltd. under moratorium

On the recommendations of the Reserve Bank of India, Government of India has passed on January 22, 2002, an order of moratorium of the Benares State Bank Ltd. under Section 45(2) of the Banking Regulation Act, 1949, which will remain in force up to and inclusive of April 21, 2002. During the period of moratorium, the bank is permitted to make only those payments as have been specified in the order of moratorium. The order of moratorium has been passed by the Governmen

ਪੀਡੀਐਫ (4991 )

ਜਨ 23, 2002

Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on last Friday of September 2001

'Banking Statistics: Quarterly Handout – September 2001' provides data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of September 2001.The data have been classified according to top hundred centres, states, districts, population groups and bank groups. The primary data have been collected from all scheduled commercial banks through the BSR-7 return.The top hundred centres arranged according to the size of deposits accounte

ਪੀਡੀਐਫ (8206 )

ਦਸੰ 24, 2001

Working Group to review the existing norms for the empanelment of statutory auditors, for public sector banks

Keeping in view the changes in financial sector in general and banking in particular, the Reserve Bank of India has decided to revise the existing norms for empanelment of statutory auditors, appointment of statutory central auditors for public sector banks as well as other related matters thereto. For this purpose, a Working Group has been constituted with the following:1.Shri C.R. Muralidharan, Chief General Manager, Department of Banking & Operations, Central O

ਪੀਡੀਐਫ (9241 )

ਦਸੰ 19, 2001

Working Group to examine the role of Credit Information Bureau in collection and dissemination of information on suit-filed account and defaulters list

The Reserve Bank of India has constituted a Working Group to operationalise the process of collection and dissemination of data on credit information by the Credit Information Bureau (CIB). Shri S. R. Iyer, Chairman of the Credit Information Bureau (India) Ltd. will head the Working Group. Other members of the Working Group include : Smt. Usha Thorat, Chief General Manager-in-Charge, Internal Debt Management Cell, Reserve Bank of IndiaShri K. C. Bandyopadhyay, Chief G

ਪੀਡੀਐਫ (8825 )

ਦਸੰ 10, 2001

Pay Income-tax dues in advance at any designated bank branch : RBI

The Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income tax dues at any of the designated bank branches. The income-tax department has authorised approximately 810 computerised branches of public sector banks in Mumbai and Navi Mumbai to accept payment of income-tax dues. The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Reserve Bank's/designated b

ਪੀਡੀਐਫ (4685 )

ਨਵੰ 15, 2001

RBI releases Report on Trend and Progress of Banking in India - 2000-01

The Reserve Bank of India has released its Report on Trend and Progress of Banking in India 2000-01. The Report gives a detailed account of the performance of commercial banks, co-operative banks, financial institutions and non-banking financial companies (NBFCs). The Report also gives the developments in policy environment and regulatory and supervisory framework applicable to these financial entities. The Report is divided into five Chapters and contains detailed st

ਪੀਡੀਐਫ (7704 )

ਅਕਤੂ 12, 2001

RBI clarification on Benares State Bank Limited

It may be recalled that the Reserve Bank had issued a directive under Section 35A of the Banking Regulation Act, 1949, restraining the Benares State Bank Limited, among other things, from making payments to depositors exceeding Rs.1000 as at the close of business on September 25, 2001. The directive also stipulated that the bank was permitted to pay salaries to its employees. It can also incur other necessary expenditure for a sum not exceeding Rs. 2500 for carrying o

ਪੀਡੀਐਫ (5270 )

ਅਕਤੂ 08, 2001

Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on last Friday of June 2001

'Banking Statistics: Quarterly Handout – June 2001' provides data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of June 2001.The data have been classified according to top hundred centres, states,districts, population groups and bank groups. The primary data have been collected from all scheduled commercial banks through the BSR-7 return. The top hundred centres arranged according to the size of deposits accounted for 58.9

ਪੀਡੀਐਫ (8110 )

ਸਤੰ 03, 2001

Pay Income-tax dues in advance at any designated bank branch : RBI

The Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income tax dues at any of the designated bank branches. The income-tax department has authorised approximately 810 branches of public sector banks in Mumbai and Navi Mumbai to accept payment of income-tax dues. The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Reserve Bank's/ designated banks' counte

ਪੀਡੀਐਫ (4659 )

ਜੁਲਾ 05, 2001

Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on March 31, 2001

'Banking Statistics: Quarterly Handout – March 2001' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on 31st March 2001, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from all scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The top hundred cent

ਪੀਡੀਐਫ (6117 )

ਜੂਨ 29, 2001

Directory of Commercial Bank Offices in India in CD-ROM (Vol.-1.0) - December - 2000

The Department of Statistical Analysis and Computer Services has brought out the "Directory of Commercial Bank Offices in India in CD-ROM, Volume-1.0" which presents details of branches of commercial bank offices in India as on December 31, 2000.The CD is query based and it works on multiple platforms, including Windows. Details of 67,784 branches/offices of commercial banks can be accessed through location route such as state, district, centre etc. as well as through

ਪੀਡੀਐਫ (3260 )

ਮਈ 11, 2001

Bank financing of Equities and Investments in Shares (Revised Guidelines)

In pursuance of the announcement made in October, 2000 in the Mid-term Review of the Monetary and Credit Policy for the year 2000-2001, the RBI-SEBI Technical Committee had reviewed the RBI guidelines set out in circular dated November 10, 2000 on banks investment in shares as also advances against shares and other connected exposures. Based on the feed back received from banks and market participants on the recommendations made by the Technical Committee and the dra

ਪੀਡੀਐਫ (6742 )

ਅਪ੍ਰੈ 10, 2001

Banks to process NPA Applications by September 30: RBI

The Reserve Bank of India has today advised all public sector banks that they should process all the applications for recovery of dues relating to non-performing assets received up to June 30, 2001 and decide on them not later than September 30, 2001. The Reserve Bank circular was issued to Chairmen and Managing Directors of all public sector banks, taking into account the views expressed by various industry/trade associations, individual borrowers, etc., as also by s

ਪੀਡੀਐਫ (3083 )

ਅਪ੍ਰੈ 09, 2001

Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on Last Friday of December 2000

'Banking Statistics: Quarterly Handout – December 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of December 2000, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The

ਪੀਡੀਐਫ (6294 )

ਅਪ੍ਰੈ 04, 2001

RBI extends Processing Time for Applications of NPA Recovery till June

The Reserve Bank of India has advised all public sector banks to take decision on the applications for settlement of non-performing assets (NPAs) by June 30, 2001. In a letter addressed to the chief executives of public sector banks, it has advised that they should speedily process all the applications received for settlement of non-performing assets (NPAs) upto March 31, 2001 and take decision on these by June 30, 2001. The Reserve Bank had issued guidelines for reco

ਪੀਡੀਐਫ (3065 )

ਅਪ੍ਰੈ 03, 2001

Advisory Group on "Corporate Governance" submits report

The Standing Committee on International Financial Standards and Codes (Chairman: Dr. Y.V. Reddy) constituted the Advisory Group on Corporate Governance under the Chairmanship of Dr. R.H. Patil with Dr. V.V. Desai, Sarvashri Deepak M. Satwalekar, M.G. Bhide, Nandan Nilenkani and Rajendra P. Chitale as members to study the present status of applicability and relevance and compliance of international standards and codes of industrialised and emerging countries and sugges

ਪੀਡੀਐਫ (5622 )

ਮਾਰਚ 09, 2001

Amalgamation of Bank of Madura Ltd. with ICICI Bank Ltd.

In exercise of the powers contained in sub-section(4) of Section 44A of the Banking Regulation Act, 1949, the Reserve Bank of India sanctioned the Scheme of Amalgamation of Bank of Madura Ltd. with ICICI Bank Ltd. The Scheme shall come into force with effect from March 10, 2001. All the branches/offices of Bank of Madura Ltd. shall from March 10, 2001, function as branches/offices of ICICI Bank Ltd.Alpana Killawala General ManagerPress Release : 2000-01/1255

ਪੀਡੀਐਫ (2426 )

ਮਾਰਚ 01, 2001

Designated Bank Branches to receive Advance Income-tax

For the convenience of income tax (IT) assessees, arrangements have been made for receipt of advance income tax at all the computerised branches of all the public sector banks (approximately 810) in Mumbai and Navi Mumbai, the Reserve Bank of India has stated in a press release. The designated branches are authorised by the income tax department to accept payment of income tax dues. The Reserve Bank has advised assessees to take advantage of these standing arrangement

ਪੀਡੀਐਫ (2629 )

ਫ਼ਰ 27, 2001

Advisory Group on "Insurance Regulation" submits Final Report

It may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 in order to identify and monitor developments in global standards and codes, consider aspects of applicability of these standards to Indian financial system, periodically review the status and make available its reports to all concerned organisations in public or private sector. The Standing Committee chaired by Deputy Governor, Reserve Bank of In

ਪੀਡੀਐਫ (3331 )

ਫ਼ਰ 16, 2001

Reserve Bank of India reduces the Bank Rate and Cash Reserve Ratio

After a review of recent developments in the international and domestic financial markets, Reserve Bank of India today announced the following measures :A reduction in the Bank Rate by half a percentage point from its present level of 8 per cent to 7.5 per cent effective close of business on February 16, 2001.A reduction in Cash Reserve Ratio (CRR) by 0.5 percentage point from its present level of 8.5 per cent to 8 per cent in two stages by 0.25 percentage point each

ਪੀਡੀਐਫ (2984 )

ਫ਼ਰ 07, 2001

BIS Working Group Meets in Delhi for Consultations on New Capital Accord

A Working Group on Capital set up by the Core Principles Liaison Group (CPLG) of the Bank for International Settlements is currently meeting in New Delhi to discuss the proposals of the second consultative paper on the new capital accord. The Basel Committee on Banking Supervision had released the second consultative paper on the new capital accord in January 2001. The first consultative paper was released in June last year.The Working Group on Capital, chaired by Mr.

ਪੀਡੀਐਫ (3765 )