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ਜੂਨ 05, 2020

Scheduled Banks’ Statement of Position in India as on Friday, May 22, 2020

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 24-MAY-2019 08-MAY-2020* 22-MAY-2020* 24-MAY-2019 08-MAY-2020* 22-MAY-2020* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 169456.43 258488.5 253796.25 173944.96 263895.73 259173.14** b) Borrowings from banks 71042.24 66601.3 67207.22 71044.74 66601.35 67247.22 c) Other demand & time liabilities 11564.08 16143.96 17410.34 11681.55 16293.12 1

ਪੀਡੀਐਫ (413730 )

ਮਈ 29, 2020

Reserve Bank of India imposes monetary penalty on Citibank N.A.

The Reserve Bank of India (RBI) has imposed, by an order dated January 08, 2020, a monetary penalty of ₹4 crore (Rupees Four crore only) on Citibank N.A. (the bank) for contravention of Section 10 (1) (b) (ii) of Banking Regulation Act, 1949 (the Act) and for non-compliance with the directions issued by RBI on obtaining declaration from customers about credit facilities enjoyed with other banks, granting non-fund based facilities to non-constituent borrowers, verifyin

ਪੀਡੀਐਫ (372405 )

ਮਈ 28, 2020

Reserve Bank of India imposes monetary penalty on Bank of India

The Reserve Bank of India (RBI) has imposed, by an order dated February 27, 2020, a monetary penalty of ₹5 crore (Rupees Five crore only) on Bank of India (the bank) for non-compliance with certain provisions of the directions issued by RBI on “Income Recognition, Asset Classification and Provisioning pertaining to Advances - Divergence in NPA accounts”, “Opening of current accounts by banks – Need for discipline”, and “Classification and reporting of frauds.” This pe

ਪੀਡੀਐਫ (327243 )

ਮਈ 28, 2020

Reserve Bank of India imposes monetary penalty on Karnataka Bank Limited

The Reserve Bank of India (RBI) has, by an order dated May 27, 2020, imposed a monetary penalty of ₹1.20 crore on Karnataka Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Divergence in NPA Accounts” and “Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances”. The penalty h

ਪੀਡੀਐਫ (350555 )

ਮਈ 20, 2020

Scheduled Banks’ Statement of Position in India as on Friday, May 08, 2020

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 10-May-19 24-APR-2020 * 08-MAY-2020 * 10-May-19 24-APR-2020 * 08-MAY-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 172391.67 243507.22 258427.12 176883.83 248980.75 263834.35 ** b) Borrowings from banks 67404.78 64521.46 66681.15 67491.44 64521.46 66681.2 c) Other demand & time liabilities 12782.94 15717.35 16143.48 12883.9 15863.05

ਪੀਡੀਐਫ (375771 )

ਮਈ 12, 2020

Marginal Cost of Funds Based Lending Rate (MCLR) for the month of April 2020

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of April 2020. Ajit Prasad Director Press Release: 2019-2020/2348

ਪੀਡੀਐਫ (286217 )

ਮਈ 08, 2020

Scheduled Banks’ Statement of Position in India as on Friday, April 24, 2020

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 26-Apr-19 10-APR-2020* 24-APR-2020* 26-Apr-19 10-APR-2020* 24-APR-2020* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 170025.81 243177.31 246113.31 174593.36 248657.1 251586.84** b) Borrowings from banks 74556.09 64665.44 59065.97 74764.4 64665.44 59065.97 c) Other demand & time liabilities 10225.66 15381.86 15739.03 10402.49 15515.97 15884

ਪੀਡੀਐਫ (414422 )

ਅਪ੍ਰੈ 24, 2020

Scheduled Banks’ Statement of Position in India as on Friday, April 10, 2020

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 12-Apr-19 27-MAR-2020* 10-APR-2020* 12-Apr-19 27-MAR-2020* 10-APR-2020* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 171661.97 234348.3 243732.84 176348.65 239621.78 249212.63** b) Borrowings from banks 77511.34 64001.41 68479.55 77637.78 64017.31 68479.55 c) Other demand & time liabilities 8641.35 16163.35 15379.29 8810.68 16313.75 15513.

ਪੀਡੀਐਫ (412486 )

ਅਪ੍ਰੈ 10, 2020

Scheduled Banks’ Statement of Position in India as on Friday, March 27, 2020

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 29-Mar-19 13-MAR-2020 * 27-MAR-2020 * 29-Mar-19 13-MAR-2020 * 27-MAR-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 176827.73 225264.96 230769.71 181651.43 230353.78 236043.19 ** b) Borrowings from banks 79459.13 51594.1 80950.71 79486.67 51707.45 80966.61 c) Other demand & time liabilities 15139.32 14926.77 16311.61 15212.07 15077.17

ਪੀਡੀਐਫ (442667 )

ਅਪ੍ਰੈ 03, 2020

Marginal Cost of Funds Based Lending Rate (MCLR) for the month of March 2020

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of March 2020. Ajit Prasad Director Press Release: 2019-2020/2172

ਪੀਡੀਐਫ (304736 )

ਮਾਰਚ 30, 2020

Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - The Maratha Sahakari Bank Ltd, Mumbai, Maharashtra

The Maratha Sahakari Bank Ltd, Mumbai, Maharashtra, was placed under directions from close of business on August 31, 2016 vide directive No. DCBS.CO.BSD-I.D-4/12.22.141/2016-17 dated August 31, 2016. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DOR.CO.AID.No.D-43/12.22.140/2019-20 dated December 20, 2019 and is valid up to March 31, 2020 subject to review. 2. It is hereby notified for the informatio

ਪੀਡੀਐਫ (348140 )

ਮਾਰਚ 28, 2020

Branches of Oriental Bank of Commerce and United Bank of India to operate as branches of Punjab National Bank from April 1, 2020

The Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of

ਪੀਡੀਐਫ (292836 )

ਮਾਰਚ 28, 2020

Branches of Allahabad Bank to operate as branches of Indian Bank from April 1, 2020

The Amalgamation of Allahabad Bank into Indian Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Allahabad Bank into Indian Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970). The scheme comes into force on the 1st day of April 2020. Consequently, all branche

ਪੀਡੀਐਫ (288760 )

ਮਾਰਚ 28, 2020

Branches of Syndicate Bank to operate as branches of Canara Bank from April 1, 2020

The Amalgamation of Syndicate Bank into Canara Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Syndicate Bank into Canara Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970). The scheme comes into force on the 1st day of April 2020. Consequently, all branche

ਪੀਡੀਐਫ (286660 )

ਮਾਰਚ 28, 2020

Branches of Andhra Bank and Corporation Bank to operate as branches of Union Bank of India from April 1, 2020

The Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and section 9 of the Banking Com

ਪੀਡੀਐਫ (289252 )

ਮਾਰਚ 26, 2020

Scheduled Banks’ Statement of Position in India as on Friday, March 13, 2020

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 15-Mar-19 28-FEB-2020* 13-MAR-2020* 15-Mar-19 28-FEB-2020* 13-MAR-2020* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 163747.01 228062.87 225264.42 168219.75 233066.93 230353.24** b) Borrowings from banks 86766.97 82634.66 64442.1 86937.97 82675.96 64555.45 c) Other demand & time liabilities 9250.17 13077.64 14927.04 9359.26 13229.36 15077.

ਪੀਡੀਐਫ (385029 )

ਮਾਰਚ 20, 2020

Reserve Bank appoints additional directors on the board of Yes Bank Ltd.

In terms of paragraph 5 (3) of the ‘Yes Bank Ltd. Reconstruction Scheme, 2020’ notified by Government of India on March 13, 2020 and in exercise of powers conferred to it under sub section (1) of section 36 AB of the Banking Regulation Act, 1949, Reserve Bank has today appointed Shri R Gandhi (former Deputy Governor, Reserve Bank of India) and Shri Ananth Narayan Gopalakrishnan (Associate Professor, S P Jain Institute of Management and Research) as additional director

ਪੀਡੀਐਫ (286500 )

ਮਾਰਚ 12, 2020

Scheduled Banks’ Statement of Position in India as on Friday, February 28, 2020

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 1-Mar-19 14-FEB-2020 * 28-FEB-2020 * 1-Mar-19 14-FEB-2020 * 28-FEB-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 162044.41 201417.23 228063.55 166460.05 206366.76 233067.61 ** b) Borrowings from banks 81103.92 72952.52 82634.66 81120.83 73033.53 82675.96 c) Other demand & time liabilities 10075.3 12559.99 13077.64 10161.37 12712.88 1

ਪੀਡੀਐਫ (366462 )

ਮਾਰਚ 06, 2020

Yes Bank Ltd.: RBI announces Scheme of Reconstruction

The Reserve Bank of India has today placed in public domain a draft scheme of reconstruction of the Yes Bank Ltd. The Reserve Bank invites 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 Yes Bank Ltd. and State Bank of India for their comments. The suggestions and comments will be received by Reserve Bank of India up to Monday, March 9, 2020. The Re

ਪੀਡੀਐਫ (362689 )

ਮਾਰਚ 05, 2020

Yes Bank Ltd. placed under Moratorium

The financial position of Yes Bank Ltd. (the bank) has undergone a steady decline largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits. The bank has also experienced serious governance issues and practices in the recent years which have led to steady decline of the bank. The Reserve Bank has been in constant engagement with the b

ਪੀਡੀਐਫ (282598 )

ਮਾਰਚ 05, 2020

Supersession of the Board of Directors - Appointment of Administrator - Yes Bank Ltd.

In exercise of the powers conferred under 36ACA of the Banking Regulation Act 1949, the Reserve Bank has, in consultation with Central Government, superseded the Board of Directors of Yes Bank Ltd. for a period of 30 days owing to serious deterioration in the financial position of the Bank. This has been done to quickly restore depositors’ confidence in the bank, including by putting in place a scheme for reconstruction or amalgamation. Shri Prashant Kumar, ex-DMD and

ਪੀਡੀਐਫ (301386 )

ਮਾਰਚ 02, 2020

Marginal Cost of Funds Based Lending Rate (MCLR) for the month February 2020

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of February 2020. Ajit Prasad Director Press Release : 2019-2020/2010

ਪੀਡੀਐਫ (272676 )

ਫ਼ਰ 28, 2020

Financial Action Task Force (FATF) Public Statements dated February 21, 2020

The Financial Action Task Force (FATF) has called on its members and other jurisdictions to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdiction of Democratic People’s Republic of Korea (DPRK). Also, jurisdiction of Iran is subject to a FATF call on its members to apply effective counter measures. FATF has further identified the follo

ਪੀਡੀਐਫ (276569 )

ਫ਼ਰ 27, 2020

Scheduled Banks’ Statement of Position in India as on Friday, February 14, 2020

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 15-Feb-19 31-JAN-2020 * 14-FEB-2020 * 15-Feb-19 31-JAN-2020 * 14-FEB-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 160618.2 194935.1 192152.78 165040.56 199873.56 197102.31 ** b) Borrowings from banks 81871.77 66868.22 72952.52 81932.34 66916.05 73033.53 c) Other demand & time liabilities 8267.54 12967.5 12552.78 8354.27 13171.59 127

ਪੀਡੀਐਫ (375031 )

ਫ਼ਰ 13, 2020

Scheduled Banks’ Statement of Position in India as on Friday, January 31, 2020

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 01-FEB-2019 17-JAN-2020 * 31-JAN-2020 * 01-FEB-2019 17-JAN-2020 * 31-JAN-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 159753.97 194116.89 194901.66 164120.61 199019.11 199840.12 ** b) Borrowings from banks 76146.84 58842.94 66868.22 76194.41 58864.95 66916.05 c) Other demand & time liabilities 10502.6 11921.12 12996.4 10577.91 12057

ਪੀਡੀਐਫ (344230 )

ਫ਼ਰ 07, 2020

Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation

Consequent to the announcement in the sixth Bi-monthly Monetary Policy for 2019-20 on February 06, 2020, the Reserve Bank has issued a circular today to harmonise the guidelines for deferment of date of commencement of commercial operations (DCCO) for projects in non-infrastructure and commercial real estate (CRE) sectors. (Yogesh Dayal) Chief General Manager Press Release: 2019-2020/1911

ਪੀਡੀਐਫ (300386 )

ਫ਼ਰ 04, 2020

Deposit Insurance and Credit Guarantee Corporation (DICGC) increases the insurance coverage for depositors in all insured banks to ₹ 5 lakh

With a view to providing a greater measure of protection to depositors in banks the Deposit Insurance and Credit Guarantee Corporation, a wholly owned subsidiary of the Reserve Bank of India, has raised the limit of insurance cover for depositors in insured banks from the present level of ₹1 lakh to ₹5 lakh per depositor with effect from February 4, 2020 with the approval of Government of India. (Yogesh Dayal) Chief General Manager Press Release: 2019-2020/1878

ਪੀਡੀਐਫ (271538 )

ਫ਼ਰ 03, 2020

Marginal Cost of Funds Based Lending Rate (MCLR) for the month January 2020

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of January 2020. Ajit Prasad Director Press Release: 2019-2020/1866

ਪੀਡੀਐਫ (289904 )

ਜਨ 31, 2020

Scheduled Banks’ Statement of Position in India as on Friday, January 17, 2020

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 18-Jan-19 03-JAN-2020 * 17-JAN-2020 * 18-Jan-19 03-JAN-2020 * 17-JAN-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 158874.31 196067.69 194119.66 163135.38 200881.78 199021.88 ** b) Borrowings from banks 83185.01 54290.78 55845.83 83497.94 54316.6 55867.84 c) Other demand & time liabilities 14817.04 11817.63 11919.89 14904.46 11944.74

ਪੀਡੀਐਫ (382303 )

ਜਨ 29, 2020

Reserve Bank of India imposes monetary penalty on HDFC Bank Limited

The Reserve Bank of India (RBI) has, by an order dated January 29, 2020, imposed a monetary penalty of ₹ 1 crore on HDFC Bank Limited for non-compliance with Master Direction on Know Your Customer dated February 25, 2016 (updated as on December 08, 2016) (Direction). The 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) of the Banking Regulation Act, 1949, taking into account the fail

ਪੀਡੀਐਫ (271620 )

ਜਨ 16, 2020

Scheduled Banks’ Statement of Position in India as on Friday, January 03, 2020

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 4-Jan-19 20-DEC-2019 * 03-JAN-2020 * 4-Jan-19 20-DEC-2019 * 03-JAN-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 158649.7 185566.68 196058.09 162904.3 190175.52 200872.18 ** b) Borrowings from banks 71713.27 66123.16 54290.77 72207.84 66148.41 54316.59 c) Other demand & time liabilities 16367.16 12131.41 11819.99 16435.7 12271.8 1194

ਪੀਡੀਐਫ (390607 )

ਜਨ 09, 2020

Marginal Cost of Funds Based Lending Rate (MCLR) for the month December 2019

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of December 2019. Rupambara Director Press Release: 2019-2020/1653

ਪੀਡੀਐਫ (290255 )

ਜਨ 02, 2020

Scheduled Banks’ Statement of Position in India as on Friday, December 20, 2019

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 21-Dec-18 06-DEC-2019 * 20-DEC-2019 * 21-Dec-18 06-DEC-2019 * 20-DEC-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 151784.64 185658.16 185571.51 156063.33 190309.44 190180.35 ** b) Borrowings from banks 93859.53 58782.74 66178.75 93990.06 58832.91 66204 c) Other demand & time liabilities 9571.8 11860.18 12113.83 9685.56 11987.1 12254

ਪੀਡੀਐਫ (342688 )

ਦਸੰ 24, 2019

RBI releases “Statistical Tables Relating to Banks in India: 2018-19”

Today, the Reserve Bank released its web publication entitled ‘Statistical Tables Relating to Banks in India: 2018-19’ covering the activities of scheduled commercial banks (excluding regional rural banks). The state-wise distribution of consolidated balance sheet of rural co-operative banks are also covered. For scheduled commercial banks, entity-wise information on major items of liabilities and assets; income and expenses; selected financial ratios; number of emplo

ਪੀਡੀਐਫ (277343 )

ਦਸੰ 24, 2019

Report on Trend and Progress of Banking in India 2018-19

Today, the Reserve Bank of India released the Report on Trend and Progress of Banking in India 2018-19, a statutory publication in compliance with Section 36 (2) of the Banking Regulation Act, 1949. This Report presents the performance of the banking sector, including co-operative banks, and non-banking financial institutions during 2018-19 and 2019-20 so far. The highlights of the Report are set out below: The banking sector showed improvement with the gross non-perf

ਪੀਡੀਐਫ (286252 )

ਦਸੰ 24, 2019

Primary (Urban) Co-operative Banks’ Outlook 2018-19

The Reserve Bank of India today herewith releases the 6th volume of the annual publication titled ‘Primary (Urban) Co-operative Banks’ Outlook 2018-19’. It can be accessed at https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!13 The publication has been brought out by the ‘Department of Supervision’ of the Reserve Bank of India. The publication covers the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks for the financial year

ਪੀਡੀਐਫ (315588 )

ਦਸੰ 19, 2019

Scheduled Banks’ Statement of Position in India as on Friday, December 06, 2019

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 07-Dec-18 22-NOV-2019 * 06-DEC-2019 * 07-Dec-18 22-NOV-2019 * 06-DEC-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 148290.43 179758.98 185744.55 152632.33 184451.28 190395.83 ** b) Borrowings from banks 74064.82 61377.36 58782.74 74312.92 61404.86 58832.91 c) Other demand & time liabilities 13176.38 12130.97 11860.18 13289.24 12294.1

ਪੀਡੀਐਫ (375522 )

ਦਸੰ 11, 2019

RBI Governor meets MD & CEOs of Public Sector Banks

The Governor, Reserve Bank of India held a meeting today with the MD & CEOs of major public sector banks. In his opening remarks, Governor noted that there has been some improvement in banking sector and the sector remains resilient even though current economic conditions may pose certain challenges. He urged the banks to proactively tackle the emerging challenges swiftly, particularly with regard to the stressed assets resolution in a co-ordinated manner. During

ਪੀਡੀਐਫ (306481 )

ਦਸੰ 06, 2019

Scheduled Banks’ Statement of Position in India as on Friday, November 22, 2019

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 23-Nov-18 08-NOV-2019 * 22-NOV-2019 * 23-Nov-18 08-NOV-2019 * 22-NOV-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 147566.19 180079.99 179765.23 151883.93 184777.19 184457.53 ** b) Borrowings from banks 67862.78 55164.72 61375.56 68068.07 55189.97 61403.06 c) Other demand & time liabilities 9769.49 11311.62 12131.49 9904.94 11434.49

ਪੀਡੀਐਫ (385130 )

ਦਸੰ 05, 2019

Reserve Bank of India imposes monetary penalty on Andhra Bank

The Reserve Bank of India (RBI) has, by an order dated December 05, 2019, imposed a monetary penalty of ₹25 lakh on Andhra Bank for non-compliance with certain provisions of directions issued by RBI on Know Your Customer (KYC) Norms/ Anti Money Laundering (AML) Standards and Opening of Current Accounts. The 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 section 51 (1) of the Ba

ਪੀਡੀਐਫ (306526 )

ਦਸੰ 05, 2019

RBI releases “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”

The Reserve Bank of India today released on its website, “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”. Major changes from the earlier Guidelines on Small Finance Banks dated November 27, 2014, are (i) The licensing window will be open on-tap; (ii) minimum paid-up voting equity capital / net worth requirement shall be ₹ 200 crore; (iii) for Primary (Urban) Co-operative Banks (UCBs), desirous of voluntarily transiting into Small Finan

ਪੀਡੀਐਫ (309321 )

ਦਸੰ 03, 2019

Marginal Cost of Funds Based Lending Rate (MCLR) for the month November 2019

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of November 2019. Ajit Prasad Director Press Release: 2019-2020/1335

ਪੀਡੀਐਫ (306411 )

ਨਵੰ 29, 2019

Reserve Bank of India imposes monetary penalty on Corporation Bank

The Reserve Bank of India (RBI) has, by an order dated November 29, 2019, imposed a monetary penalty of ₹1.50 crore on Corporation Bank (the bank) for non-compliance with certain provisions of directions issued by RBI on “Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Divergence in NPA Accounts”, “Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances”, “Prudential No

ਪੀਡੀਐਫ (339979 )

ਨਵੰ 22, 2019

Reserve Bank of India Appoints an Advisory Committee to Advise the Administrator of Dewan Housing Finance Corporation Ltd

It may be recalled that the Reserve Bank of India, on November 20, 2019, had superseded the board of directors of Dewan Housing Finance Corporation Ltd (DHFL) and appointed Shri R Subramaniakumar as the Administrator. The Reserve Bank, in exercise of powers conferred under section 45 IE 5(a) of the RBI Act 1934, has today constituted a three-member Advisory Committee to assist the Administrator of DHFL in discharge of his duties. The members of the Advisory Committee

ਪੀਡੀਐਫ (265785 )

ਨਵੰ 20, 2019

Reserve Bank of India imposes monetary penalty on Indian Bank

The Reserve Bank of India (RBI) has imposed, by order dated November 18, 2019, monetary penalty of ₹ One crore on Indian Bank (the bank) for non-compliance with directions issued by RBI on Window-dressing of Balance Sheet and classification and reporting of frauds. The 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 Section 51 (1) of the Banking Regulation Act, 1949, taking into

ਪੀਡੀਐਫ (307047 )

ਨਵੰ 20, 2019

Reserve Bank of India imposes monetary penalty on Bank of Baroda and Indian Bank

The Reserve Bank of India (RBI) has, by order dated November 18, 2019, imposed monetary penalty on Bank of Baroda for non-compliance with directions issued by RBI on collection of account payee cheques, reporting of frauds, opening of savings bank (SB) accounts, preservation of records of identification of customers and Know Your Customer (KYC)/ Anti-Money Laundering (AML) norms; and by order dated November 18, 2019, imposed monetary penalty on Indian Bank for non-adh

ਪੀਡੀਐਫ (308970 )

ਨਵੰ 20, 2019

Scheduled Banks’ Statement of Position in India as on Friday, November 08, 2019

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 09-Nov-18 25-OCT-2019 * 08-NOV-2019 * 09-Nov-18 25-OCT-2019 * 08-NOV-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 147830.45 184140.21 180228.95 152179.91 188936.49 184926.15 ** b) Borrowings from banks 72293.57 59827.36 55208.08 72376.68 59888.11 55233.33 c) Other demand & time liabilities 12099.04 11675.19 11354.09 12189.72 11798.9

ਪੀਡੀਐਫ (362937 )

ਨਵੰ 18, 2019

Financial Action Task Force (FATF) Public Statement

The Financial Action Task Force (FATF) has called on its members and other jurisdictions to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdiction of Democratic People's Republic of Korea (DPRK). Also, Jurisdiction of Iran is subject to a FATF call on its members to apply enhanced due diligence measures proportionate to the risks arisin

ਪੀਡੀਐਫ (298384 )

ਨਵੰ 14, 2019

RBI releases guidelines on the criteria for registering institutions, organisations and associations ‘on tap’ for grant of financial assistance from the Depositor Education and Awareness Fund

The Reserve Bank of India today released on its website, guidelines on the criteria for registering institutions, organisations and associations ‘on tap’ for grant of financial assistance from the Depositor Education and Awareness Fund. How to apply? The eligible entities desirous of registering with DEA Fund may apply in the prescribed format given as Annex-1 along with necessary documents/information as per the list of documents indicated in the application form, to

ਪੀਡੀਐਫ (285085 )

ਨਵੰ 14, 2019

Marginal Cost of Funds Based Lending Rate (MCLR) for the month October 2019

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2019. Ajit Prasad Director Press Release : 2019-2020/1177

ਪੀਡੀਐਫ (273446 )

ਨਵੰ 07, 2019

Scheduled Banks’ Statement of Position in India as on Friday, October 25, 2019

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 26-Oct-18 11-OCT-2019 * 25-OCT-2019 * 26-Oct-18 11-OCT-2019 * 25-OCT-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 145688.55 180418.78 184139.31 150127.13 185288.43 188935.59 ** b) Borrowings from banks 76720.94 56164.62 59827.36 77430.18 56328.32 59888.11 c) Other demand & time liabilities 14370.33 11588.98 11732.93 14514.4 11727.14

ਪੀਡੀਐਫ (341450 )

ਨਵੰ 04, 2019

Reserve Bank announces the opening of first cohort under the Regulatory Sandbox

The Reserve Bank announces the opening of first cohort under the Regulatory Sandbox. The Reserve Bank announces the opening of first cohort under the Regulatory Sandbox (RS) with ‘Retail Payments’, as its theme. The adoption of ‘Retail Payments’ as the theme is expected to spur innovation in digital payments space and help in offering payment services to the unserved and underserved segment of the population. Migration to digital modes of making a payment can obviate

ਪੀਡੀਐਫ (297229 )

ਅਕਤੂ 25, 2019

Reserve Bank of India imposes monetary penalty on Tamilnad Mercantile Bank Ltd

The Reserve Bank of India (RBI) has, by an order dated October 24, 2019, imposed monetary penalty of ₹ 35 lakh (Rupees Thirty Five Lakh) on Tamilnad Mercantile Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1

ਪੀਡੀਐਫ (312998 )

ਅਕਤੂ 24, 2019

Scheduled Banks’ Statement of Position in India as on Friday, October 11, 2019

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 12-Oct-18 27-SEP-2019 * 11-OCT-2019 * 12-Oct-18 27-SEP-2019 * 11-OCT-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 143672.09 187729.47 180706.56 148175.39 192430.94 185576.21 ** b) Borrowings from banks 79427.33 63162.98 56167.2 79613.03 63485.54 56330.9 c) Other demand & time liabilities 12309.71 11777.46 11803.03 12441.82 11915.56

ਪੀਡੀਐਫ (285019 )

ਅਕਤੂ 16, 2019

Reserve Bank of India imposes monetary penalty on SBM Bank (India) Ltd.

The Reserve Bank of India (RBI) has, by an order dated October 15, 2019, imposed a monetary penalty of ₹ 3 crore on SBM Bank (India) Ltd. for non-compliance by SBM Bank (Mauritius) Ltd. (amalgamated with SBM Bank (India) Ltd. on November 30, 2018) with certain provisions of directions issued by RBI on “Time-bound implementation and strengthening of SWIFT - related operational controls” and “Cyber Security Framework in Banks”. This penalty has been imposed in exercise

ਪੀਡੀਐਫ (290302 )

ਅਕਤੂ 10, 2019

Scheduled Banks’ Statement of Position in India as on Friday, September 27, 2019

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 28-SEP-2018 13-SEP-2019* 27-SEP-2019* 28-SEP-2018 13-SEP-2019* 27-SEP-2019* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 148639.87 181589.47 187721.47 153202.4 186621.59 192422.94** b) Borrowings from banks 76139.98 66444.3 63081.05 77262.85 66476.61 63403.61 c) Other demand & time liabilities 11328.54 11792.65 11781.09 11450.71 11944.66 1

ਪੀਡੀਐਫ (303047 )

ਅਕਤੂ 03, 2019

Reserve Bank of India imposes penalty on United Overseas Bank Limited

The Reserve Bank of India (RBI) has, by an order dated October 01, 2019, imposed a monetary penalty of ₹ One crore on United Overseas Bank Limited (the bank) for its failure to comply with the provisions of section 10B of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47A(1)(c) read with section 46(4)(i) of the Act, taking into account the failure of the bank to adhere to th

ਪੀਡੀਐਫ (267728 )

ਅਕਤੂ 03, 2019

Marginal Cost of Funds Based Lending Rate (MCLR) for the month September 2019

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of September 2019. Ajit Prasad Director Press Release : 2019-2020/855

ਪੀਡੀਐਫ (260779 )

ਸਤੰ 26, 2019

Scheduled Banks’ Statement of Position in India as on Friday, September 13, 2019

(Amount in Crores of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 14-Sep-18 30-AUG-2019 * 13-SEP-2019 * 14-Sep-18 30-AUG-2019 * 13-SEP-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 146726.57 180831.49 181590.5 151295.86 185889.07 186622.62 ** b) Borrowings from banks 84331.94 72094.58 66444.26 85262.72 72192.19 66476.57 c) Other demand & time liabilities 10476.52 13120.54 11737.69 10635.46 13242.9

ਪੀਡੀਐਫ (283057 )

ਸਤੰ 13, 2019

RBI releases “Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”

Reserve Bank of India (RBI) in its Second Bi-monthly Monetary Policy Statement, 2019-20 dated June 06, 2019 announced that it is proposed to issue Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks. Accordingly, RBI has today released on its website ‘Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector’ for comments of stakeholders and members of the public. Suggestions and comments on the draft guidelines may be sent by Oct

ਪੀਡੀਐਫ (252917 )

ਸਤੰ 12, 2019

Scheduled Banks’ Statement of Position in India as on Friday, August 30, 2019

(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 31-AUG-2018 16-AUG-2019 * 30-AUG-2019 * 31-AUG-2018 16-AUG-2019 * 30-AUG-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 148495 178836 180834 153154 183926 185892 ** b) Borrowings from banks 70873 75113 72095 71789 75472 72193 c) Other demand & time liabilities 15569 12034 13133 15734 12173 13255 II LIABILITIES TO OTHERS (A) a) Deposits (other

ਪੀਡੀਐਫ (302773 )

ਸਤੰ 09, 2019

Marginal Cost of Funds Based Lending Rate (MCLR) for the month August 2019

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of August 2019. Ajit Prasad Director Press Release: 2019-2020/653

ਪੀਡੀਐਫ (207628 )

ਸਤੰ 04, 2019

RBI Makes External Benchmark Based Interest Rate mandatory for certain categories of loans from October 1, 2019

The Reserve Bank of India has been examining the feasibility of mandating the use of external benchmark for determining interest rate on floating rate loans. In August 2017 the RBI constituted an Internal Study Group (ISG) to examine the working of the Marginal Cost of Fund Based Lending Rate (MCLR) system that was put in place in April 2016. The report of the ISG, which recommended the move over to an External Benchmark based Lending rate system, was placed in public

ਪੀਡੀਐਫ (285484 )

ਸਤੰ 03, 2019

RBI releases the Report of the Task Force on the Development of Secondary Market for Corporate Loans for comments

The Reserve Bank of India had constituted a Task Force on Development of Secondary Market for Corporate Loans under the Chairmanship of Shri T. N. Manoharan, Chairman, Canara Bank, on May 29, 2019. The Terms of Reference of the Task Force were to review the existing state of market for loan sale/transfer in India as well as the international experience in loan trading and to make recommendations for the development of secondary market for corporate loans in India. The

ਪੀਡੀਐਫ (150124 )

ਅਗ 28, 2019

Scheduled Banks’ Statement of Position in India as on Friday, August 16, 2019

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 17-Aug-18 02-AUG-2019 * 16-AUG-2019 * 17-Aug-18 02-AUG-2019 * 16-AUG-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1454.83 1806.9 1788.98 1499.58 1857.06 1839.88 ** b) Borrowings from banks 749.95 670.63 751.13 760 678.27 754.72 c) Other demand & time liabilities 98.27 104.33 120.33 101.97 105.7 121.72 II LIABILITIES TO OTHERS (A) a) Depos

ਪੀਡੀਐਫ (282661 )

ਅਗ 16, 2019

Scheduled Banks’ Statement of Position in India as on Friday, August 02, 2019

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 3-Aug-18 19-JUL-2019 * 02-AUG-2019 * 3-Aug-18 19-JUL-2019 * 02-AUG-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1470.31 1788.81 1806.89 1517.28 1838.86 1857.05 ** b) Borrowings from banks 638.31 799.55 670.63 647.62 803.8 678.27 c) Other demand & time liabilities 111.39 148.71 103.98 112.77 150.25 105.35 II LIABILITIES TO OTHERS (A) a) De

ਪੀਡੀਐਫ (279024 )

ਅਗ 13, 2019

Enabling Framework for Regulatory Sandbox

The Reserve Bank of India today placed on its website the final ‘Enabling Framework for Regulatory Sandbox’. Further details in respect of the cohorts and the window for submission of applications shall be announced later. The Reserve Bank of India had placed the draft ‘Enabling Framework for Regulatory Sandbox’ on its website on April 18, 2019 inviting stakeholders to offer their comments/feedback. A total of 381 para-wise comments/feedback from 69 stakeholders, incl

ਪੀਡੀਐਫ (252521 )

ਅਗ 06, 2019

Marginal Cost of Funds Based Lending Rate (MCLR) for the month July 2019

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of July 2019. Ajit Prasad Director (Communications) Press Release : 2019-2020/361

ਪੀਡੀਐਫ (224628 )

ਅਗ 05, 2019

Reserve Bank of India imposes monetary penalty on eleven banks

The Reserve Bank of India (RBI) has, by an order dated July 31, 2019, imposed monetary penalty on eleven banks for non-compliance with certain provisions of “Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016”, as detailed below: Sl. No. Name of the bank Amount of penalty (₹ in crore) 1. Bank of Baroda 0.5 2. Corporation Bank 0.5 3. Federal Bank Limited 0.5 4. Indian Overseas Bank 1.0 5. Jammu & Kashmir B

ਪੀਡੀਐਫ (257535 )

ਅਗ 02, 2019

Reserve Bank of India imposes monetary penalty on Corporation Bank

The Reserve Bank of India (RBI) has imposed, by an order dated July 31, 2019, monetary penalty of ₹ One Crore on Corporation Bank (the bank) for non-compliance with the directions issued by RBI on (i) Cyber Security Framework in Banks and (ii) Frauds Classification and Reporting by commercial banks and select FIs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Ban

ਪੀਡੀਐਫ (231602 )

ਅਗ 02, 2019

Reserve Bank of India imposes monetary penalty on seven banks

The Reserve Bank of India (RBI) has, by an order dated July 31, 2019, imposed monetary penalty on seven banks for non-compliance with certain provisions of directions issued by RBI on “Code of Conduct for Opening and Operating Current Accounts”, “Opening of Current Accounts by Banks - Need for Discipline”, “Discounting/ Rediscounting of Bills by Banks”, “Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016”, “E

ਪੀਡੀਐਫ (237961 )

ਜੁਲਾ 31, 2019

Scheduled Banks’ Statement of Position in India as on Friday, July 19, 2019

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 20-Jul-18 05-JUL-2019 * 19-JUL-2019 * 20-Jul-18 05-JUL-2019 * 19-JUL-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1483.63 1762.68 1788.89 1527.74 1810.84 1838.94 ** b) Borrowings from banks 679.24 707.29 795.76 687.68 709.14 800.01 c) Other demand & time liabilities 104.03 112.34 148.71 105.83 113.73 150.25 II LIABILITIES TO OTHERS (A) a)

ਪੀਡੀਐਫ (283917 )

ਜੁਲਾ 19, 2019

RBI Governor meets CEOs of Public Sector Banks

The Governor, Reserve Bank of India held a meeting today with the CEOs of the public sector banks and the Chief Executive of Indian Banks Association (IBA). In his opening remarks, the Governor acknowledged discernible improvements in the banking sector while underscoring that several challenges still remain to be addressed, particularly with regard to the stressed asset resolution and credit flows to needy sectors. During the meeting the following issues were discuss

ਪੀਡੀਐਫ (171486 )

ਜੁਲਾ 18, 2019

Scheduled Banks’ Statement of Position in India as on Friday, July 05, 2019

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 6-Jul-18 21-JUN-2019 * 05-JUL-2019 * 6-Jul-18 21-JUN-2019 * 05-JUL-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1507.85 1740.8 1762.59 1552.47 1787.53 1810.75 ** b) Borrowings from banks 701.93 775.55 702.18 710 776.11 704.03 c) Other demand & time liabilities 73 108.38 112.17 74.74 109.68 113.56 II LIABILITIES TO OTHERS (A) a) Deposits (

ਪੀਡੀਐਫ (205006 )

ਜੁਲਾ 17, 2019

Marginal Cost of Funds Based Lending Rate (MCLR) for the month June 2019

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of June 2019. Ajit Prasad Director (Communications) Press Release : 2019-2020/175

ਪੀਡੀਐਫ (204732 )

ਜੁਲਾ 15, 2019

Reserve Bank of India imposes monetary penalty on State Bank of India

The Reserve Bank of India (RBI) has imposed, by an order dated July 15, 2019, monetary penalty of ₹ 70 million on State Bank of India (the bank) for non-compliance with the directions issued by RBI on (i) Income Recognition and Asset Classification (IRAC) norms (ii) code of conduct for opening and operating current accounts and reporting of data on Central Repository of Information on Large Credits (CRILC), and (iii) fraud risk management and classification and report

ਪੀਡੀਐਫ (225417 )

ਜੁਲਾ 15, 2019

Reserve Bank of India imposes monetary penalty on Union Bank of India

The Reserve Bank of India (RBI) has, on July 09, 2019, imposed a monetary penalty of ₹ one million on Union Bank of India (the bank) for non-compliance with the directions on cyber security framework in banks issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46(4) (i) and section 51 (1) of the Banking Regulation Act, 1949. This action is based on deficiencies in regulatory com

ਪੀਡੀਐਫ (162300 )

ਜੁਲਾ 04, 2019

Scheduled Banks’ Statement of Position in India as on Friday, June 21, 2019

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 22-Jun-18 07-JUN-2019 * 21-JUN-2019 * 22-Jun-18 07-JUN-2019 * 21-JUN-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1527.27 1744.89 1739.95 1572.36 1790.51 1786.68 ** b) Borrowings from banks 703.11 716.26 775.88 712.97 716.47 776.44 c) Other demand & time liabilities 185.24 103.15 107.96 186.95 104.36 109.26 II LIABILITIES TO OTHERS (A) a)

ਪੀਡੀਐਫ (209078 )

ਜੁਲਾ 03, 2019

Reserve Bank of India Constitutes Working Group to Review Regulatory and Supervisory Framework for Core Investment Companies

In August 2010, the Reserve Bank had introduced a separate framework for the regulation of systemically important Core Investment Companies (CICs) recognising the difference in the business model of a holding company relative to other non-banking financial companies. Over the years, corporate group structures have become more complex involving multiple layering and leveraging, which has led to greater inter-connectedness with the financial system through their access

ਪੀਡੀਐਫ (168528 )

ਜੁਲਾ 02, 2019

Reserve Bank of India imposes monetary penalty on four banks

The Reserve Bank of India (RBI) has, by an order dated June 25, 2019, imposed monetary penalty on four banks for non-compliance with certain provisions of directions issued by RBI on Know Your Customer (KYC) norms / Anti Money Laundering (AML) Standards and Opening of Current Accounts, as detailed below: Sl. No. Name of the bank Amount of penalty (₹ in million) 1. Allahabad Bank 5 2. Corporation Bank 2.5 3. Punjab National Bank 5 4. UCO Bank 5 The penalties have been

ਪੀਡੀਐਫ (244555 )

ਜੂਨ 27, 2019

Financial Action Task Force (FATF) Public Statement dated June 21, 2019

The Financial Action Task Force (FATF) has called on its members and other jurisdictions to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdiction of Democratic People's Republic of Korea (DPRK). Jurisdiction of Iran is subject to a FATF call on its members to apply enhanced due diligence measures proportionate to the risks arising from

ਪੀਡੀਐਫ (169065 )

ਜੂਨ 19, 2019

Reserve Bank of India imposes monetary penalty on South Indian Bank Limited

The Reserve Bank of India (RBI) has imposed, by order dated June 13, 2019, monetary penalty of ₹1 million on South Indian Bank Limited (the bank) for non-compliance with directions issued by RBI on ‘Guarantees and Co-acceptances’. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to the aforesaid dir

ਪੀਡੀਐਫ (160614 )

ਜੂਨ 19, 2019

Scheduled Banks’ Statement of Position in India as on Friday June 7, 2019

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 08-JUN-2018 24-MAY-2019 * 07-JUN-2019 * 08-JUN-2018 24-MAY-2019 * 07-JUN-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1530.74 1694.56 1745.07 1575.51 1739.45 1790.69 ** b) Borrowings from banks 821.9 710.42 716.26 827.92 710.45 716.47 c) Other demand & time liabilities 105.48 115.65 103.48 107.12 116.82 104.69 II LIABILITIES TO O

ਪੀਡੀਐਫ (191787 )

ਜੂਨ 18, 2019

Reserve Bank of India imposes monetary penalty on HDFC Bank Limited

The Reserve Bank of India (RBI) has imposed, by order dated June 13, 2019, monetary penalty of ₹10 million on HDFC Bank Limited (the bank) for non-compliance with directions issued by RBI on ‘Know Your Customer (KYC/ Anti-Money Laundering (AML) norms’ and on reporting of frauds. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account f

ਪੀਡੀਐਫ (216648 )

ਜੂਨ 18, 2019

Report of the Committee on Micro, Small and Medium Enterprises

The Reserve Bank of India had constituted an ‘Expert Committee on Micro, Small and Medium Enterprises’ under the Chairmanship of Shri U K Sinha in January 2019 to suggest long-term measures for the economic and financial sustainability of the MSME sector. The committee included: 1. Shri U.K. Sinha Former Chairman, Securities and Exchange Board of India Chairman 2. Shri Ram Mohan Mishra Additional Secretary, Development Commissioner MSME Member 3. Shri Pankaj Jain Addi

ਪੀਡੀਐਫ (208201 )

ਜੂਨ 07, 2019

Reserve Bank of India imposes monetary penalty on Kotak Mahindra Bank Limited

The Reserve Bank of India (RBI) has, by an order dated June 06, 2019, imposed a monetary penalty of ₹ 20 million on Kotak Mahindra Bank Limited (the bank) for non-compliance with the directions issued to the bank by RBI in exercise of its powers under sections 27(2) and 35A of the Banking Regulation Act, 1949 (the Act) to furnish information specified therein. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) r

ਪੀਡੀਐਫ (180715 )

ਜੂਨ 07, 2019

RBI releases Prudential Framework for Resolution of Stressed Assets

Hon’ble Supreme Court, vide its order dated April 2, 2019, had held the RBI circular dated February 12, 2018 on Resolution of Stressed Assets as ultra vires. In light of the same, the Statement on Framework for Resolution of Stressed Assets issued by the Governor on April 4, 2019 had clarified that the Reserve Bank of India will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed ass

ਪੀਡੀਐਫ (242587 )

ਜੂਨ 06, 2019

Scheduled Banks’ Statement of Position in India as on Friday, May 24, 2019

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 25-May-18 10-MAY-2019 * 24-MAY-2019 * 25-May-18 10-MAY-2019 * 24-MAY-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1521.75 1724.63 1695 1567.22 1769.55 1739.89 ** b) Borrowings from banks 764.25 673.31 710.28 769.07 674.17 710.31 c) Other demand & time liabilities 157.25 127.84 115.79 158.75 128.85 116.96 II LIABILITIES TO OTHERS (A) a) De

ਪੀਡੀਐਫ (271987 )

ਜੂਨ 04, 2019

Marginal Cost of Funds Based Lending Rate (MCLR) for the month May 2019

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2019. Ajit Prasad Assistant Adviser Press Release : 2018-2019/2859

ਪੀਡੀਐਫ (146621 )

ਜੂਨ 03, 2019

Enforcement action in respect of statutory auditors of commercial banks

RBI vide its Press Release dated June 29, 2018 had put in place an enforcement action framework in respect of statutory auditors for the lapses in the statutory audit of commercial banks. In terms of the aforesaid enforcement action framework, on account of the lapses identified in a statutory audit assignment carried out by the firm, M/s S.R.Batliboi & Co. LLP, Chartered Accountants (ICAI Firm Registration Number: 301003E), it has been decided that RBI will not a

ਪੀਡੀਐਫ (202882 )

ਮਈ 31, 2019

RBI releases 'Quarterly Statistics on Deposits and Credit of SCBs: March 2019’

Today, the Reserve Bank released its web publication entitled Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs), March 2019 on its Database on Indian Economy (DBIE) portal (web-link: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!3). Data on deposits, disaggregated by type and total credit are classified by states, districts, centres, population groups and bank groups, are collected from all SCBs, including regional rural banks

ਪੀਡੀਐਫ (208824 )

ਮਈ 23, 2019

Marginal Cost of Funds Based Lending Rate (MCLR) for the month April 2019

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of April 2019. Ajit Prasad Assistant Adviser Press Release: 2018-2019/2746

ਪੀਡੀਐਫ (208785 )

ਮਈ 22, 2019

Financial Action Task Force (FATF) Public Statement dated February 22, 2019

The Financial Action Task Force (FATF) has called on its members and other jurisdictions to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdiction of Democratic People's Republic of Korea (DPRK). Jurisdiction of Iran is subject to a FATF call on its members to apply enhanced due diligence measures proportionate to the risks arising from

ਪੀਡੀਐਫ (234793 )

ਮਈ 22, 2019

Scheduled Banks’ Statement of Position in India as on Friday, May 10, 2019

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 11-May-18 26-APR-2019 * 10-MAY-2019 * 11-May-18 26-APR-2019 * 10-MAY-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1526.48 1700.26 1724.59 1574.78 1745.94 1769.51 ** b) Borrowings from banks 702.79 745.58 673.34 710.29 747.66 674.2 c) Other demand & time liabilities 81.7 102.27 127.84 83.17 104.04 128.85 II LIABILITIES TO OTHERS (A) a) Dep

ਪੀਡੀਐਫ (269914 )

ਮਈ 13, 2019

Reserve Bank of India imposes monetary penalty on The Nainital Bank Limited

The Reserve Bank of India (RBI) has, by an order dated May 06, 2019, imposed a monetary penalty of ₹10 million on The Nainital Bank Limited (the bank) for its failure to fully automate NPA identification process despite specific direction issued by RBI in this regard. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account the failure

ਪੀਡੀਐਫ (252656 )

ਮਈ 09, 2019

Scheduled Banks’ Statement of Position in India as on Friday, April 26, 2019

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 27-Apr-18 12-APR-2019 * 26-APR-2019 * 27-Apr-18 12-APR-2019 * 26-APR-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1530.21 1716.61 1697.42 1579.89 1763.48 1743.10 ** b) Borrowings from banks 784.65 775.11 746.04 792.44 776.37 748.12 c) Other demand & time liabilities 170.18 86.4 104.45 171.63 88.09 106.22 II LIABILITIES TO OTHERS (A) a) De

ਪੀਡੀਐਫ (269782 )

ਅਪ੍ਰੈ 25, 2019

Scheduled Banks’ Statement of Position in India as on Friday, April 12, 2019

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 13-Apr-18 29-MAR-2019 * 12-APR-2019 * 13-Apr-18 29-MAR-2019 * 12-APR-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1501.05 1761.51 1711.42 1551.89 1809.75 1758.29 ** b) Borrowings from banks 698.11 793.36 773.4 702.67 793.64 774.66 c) Other demand & time liabilities 60.02 151.33 87.24 61.35 152.06 88.93 II LIABILITIES TO OTHERS (A

ਪੀਡੀਐਫ (197722 )

ਅਪ੍ਰੈ 24, 2019

Reserve Bank of India divests its share in NABARD and NHB

The RBI divested its entire stake in NABARD and NHB amounting to ₹ 20 crore (Rupee twenty crore) and ₹ 1450 crore (Rupees one thousand four hundred and fifty crore) on February 26, 2019 and March 19, 2019 respectively. With this, the Government of India now holds 100% stake in both the financial institutions. Divestment of RBI’s stake in NABARD and NHB has its basis in the recommendation of Narasimham Committee II and the Discussion Paper prepared by RBI on Harmonizin

ਪੀਡੀਐਫ (169489 )

ਅਪ੍ਰੈ 20, 2019

RBI clarification on 5 day week in commercial banks

It has been reported in certain sections of the media that commercial banks would have a 5 day week in terms of RBI instructions. It is clarified that this information is not factually correct. RBI has not issued any such directions.Yogesh Dayal Chief General Manager Press Release: 2018-2019/2488

ਪੀਡੀਐਫ (346530 )

ਅਪ੍ਰੈ 18, 2019

RBI releases draft “Enabling Framework for Regulatory Sandbox”

In view of the growing significance of FinTech innovations and their interface with the financial sector as well as financial sector entities, the Financial Stability and Development Council - Sub Committee had decided to set up a Working Group (WG), to look into and report on the granular aspects of FinTech and its implications, so as to review and reorient appropriately the regulatory framework and respond to the dynamics of the rapidly evolving FinTech scenario. Pu

ਪੀਡੀਐਫ (227951 )