In Press Release dated March 11, 2022, the Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, had directed Paytm Payments Bank Ltd (PPBL or the bank) to stop onboarding of new customers with immediate effect.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs)  ALL SCHEDULED BANKS 13-Jan-23  29-DEC-2023 *  12-JAN-2024 *  13-Jan-23  29-DEC-2023 *  12-JAN-2024 *  I  LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks  209292.46  266042.92  262701.02  211585.22  269437.43  266299.16 **

The Reserve Bank on Jan 10, 2024 held a Conference in Mumbai for the Heads of Assurance Functions (i.e., Chief Compliance Officers, Chief Risk Officers and Heads of Internal Audit) of all Scheduled Commercial Banks (SCBs). The theme of the Conference was ‘Resilient Financial System – Role of Effective Assurance Functions’. This is part of the series of supervisory engagements kicked-off by the Governor in May 2023 with the Conference for the Directors of Public and Private Sector Banks on the theme of ‘Governance in Banks – Driving Sustainable Growth and Stability’. Deputy Governors Shri M. Rajeshwar Rao and Shri Swaminathan J. addressed the participants. Executive Directors representing the RBI’s Department of Supervision, Department of Regulation and Enforcement Department, and other senior officials, also participated in the Conference.

(Amount in ₹ crore)  SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 16-Dec-22 01-Dec-2023* 15-Dec-2023* 16-Dec-22 01-Dec-2023* 15-Dec-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 201266.75 249012.9 276840.69 203686.16 252853.53 280287.70 **  b) Borrowings from banks 59956.92 200300.52 192669.22 60125.92 200371.37 192698.11  c) Other demand & time liabilities 54667.28 71526.84 70471.57 55264.53 72234.31 71176.89 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 17354379.08 19886495.7 (1,97,60,403.24) 19791556.74 (1,96,67,586.27) 17775361.5 20320773.77 (2,01,94,681.31) 20228915.17

During the quarter ended December 31, 2023, the Reserve Bank of India has received one application under the Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector dated December 05, 2019 from Fino Payments Bank Limited.

The Reserve Bank of India today released the draft circular on “Declaration of dividend by banks and remittance of profits to Head Office by foreign bank branches in India”. Comments on the draft circular are invited from banks, market participants, and other stakeholders by January 31, 2024.

As part of the Reserve Bank’s engagement with Supervised Entities, a meeting with the Managing Director & Chief Executive Officers of all the Credit Information Companies (CICs) was held today (January 02, 2024). The meeting was chaired by Deputy Governor, RBI, Shri Swaminathan J and was attended by the Executive Directors and other senior officials of the Department of Supervision and Department of Regulation.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of December 2023 are set out in Tables 1 to 7.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 16-Dec-22 01- ec-2023 * 15-Dec-2023 * 16-Dec-22 01-Dec- 023 * 15-Dec-2023 * LIABILITIES TO THE BKG.SYSTEM (A) Demand & Time deposits from banks 201266.75 249012.9 276840.69 203686.16 252853.53 280287.70 **

SBI, HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs). While ICICI Bank continues to be in the same bucketing structure as last year, SBI and HDFC Bank move to higher buckets – SBI shifts from bucket 3 to bucket 4 and HDFC Bank shifts from bucket 1 to bucket 2. For SBI and HDFC Bank, the higher D-SIB buffer requirements on account of the bucket increase will be effective from April 1, 2025. The additional Common Equity Tier 1 (CET1) requirement will be in addition to the capital conservation buffer.

The Reserve Bank had issued the framework for dealing with Domestic Systemically Important Banks (D-SIBs) on July 22, 2014. In terms of this framework, the Bank is required to identify and disclose the names of banks designated as D-SIBs annually. Further, in terms of the framework, the assessment methodology, for assessing the systemic importance of banks and identification of the D-SIBs, is required to be reviewed on a periodic basis. 

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on October 06, 2023, the Reserve Bank has today placed on its website, a ‘Draft Omnibus Framework for recognising Self-Regulatory Organisations for Regulated Entities’.  The draft omnibus framework contains broad parameters applicable to any Self-Regulatory Organisation (SRO) viz., objectives, responsibilities, eligibility criteria, governance standards, application process and other basic conditions for grant of recognition to the SRO.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 02-Dec-22 17-NOV-2023 * 01-DEC-2023 * 02-Dec-22 17-NOV-2023 * 01-DEC-2023 * LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 204511.44 241123.11 254742.65 206990.5 244489.69 258583.28 **

The Reserve Bank of India (RBI) has noticed certain misleading advertisements enticing borrowers by offering loan waivers. These entities seem to be actively promoting many such campaigns in the print media as well as social media platforms. There are reports of such entities charging a service/legal fee for issuing ‘debt waiver certificates’ without any authority. It has also come to our notice that in certain locations, campaigns are being run by a few persons, which undermine the efforts of Banks in enforcing their rights over the securities charged to the Banks. Such entities are misrepresenting that dues to financial institutions including banks need not be repaid. Such activities undermine the stability of financial institutions and, above all, the interest of the depositors. It may also be noted that associating with such entities can result in direct financial losses.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs)    ALL SCHEDULED BANKS 18-Nov-22 03-NOV-2023* 17-NOV-2023* 18-Nov-22    03-NOV-2023* 17-NOV-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 197683.51 242686.81 241123.31 200234.72 246100.18 244489.89 **  b) Borrowings from banks 59717.51 195603.02 186866.5 59825.5 195669.28 186961.73 c) Other demand & time liabilities 52717.05 72833.37 72004.03 53280.8    73572.49 72619.52

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of November 2023 are set out in Tables 1 to 7.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 04-Nov-22 20-OCT-2023* 03-NOV-2023* 04-Nov-22 20-OCT-2023* 03-NOV-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 197284.22 240291.16    242365.3 200069.43 245495.19    245778.67**

(Amount in ₹ crore)SCHEDULED COMMERCIAL BANKS(Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS21-Oct-22 06-OCT-2023* 20-OCT-2023* 21-Oct-22 06-OCT-2023*    20-OCT-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 186189.57 237269.35 239035.24 189070.38 239604.43 244239.27 **

The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – October 2023, has called on its members and other jurisdictions to refer to the statement on Democratic People’s Republic of Korea (DPRK) and Iran adopted in February 2020 which remains in effect. Further, Myanmar was added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary and FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are not disrupted. The status of Myanmar in the list of countries subject to a call for action, remains unchanged.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of October 2023 are set out in Tables 1 to 7.

Highlights:

Lending Rates: