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జులై 28, 2017
RBI extends Directions issued to the Hardoi Urban Co-operative Bank Ltd., Hardoi, Uttar Pradesh till September 29, 2017
The Reserve Bank of India has extended Directions issued to the Hardoi Urban Co-operative Bank Ltd., Hardoi for a further period of two months from July 30, 2017 to September 29, 2017, subject to review. The bank has been under directions issued under Section 35A of the Banking Regulation Act, 1949 (AACS) since July 29, 2016. The same has further been extended upto September 29, 2017 vide directive dated July 24, 2017. A copy of the directive dated July 24, 2017 is di
The Reserve Bank of India has extended Directions issued to the Hardoi Urban Co-operative Bank Ltd., Hardoi for a further period of two months from July 30, 2017 to September 29, 2017, subject to review. The bank has been under directions issued under Section 35A of the Banking Regulation Act, 1949 (AACS) since July 29, 2016. The same has further been extended upto September 29, 2017 vide directive dated July 24, 2017. A copy of the directive dated July 24, 2017 is di
జులై 28, 2017
RBI extends Directions issued to the Mahamedha Urban Co-operative Bank Ltd., Ghaziabad, Uttar Pradesh till August 29, 2017
The Reserve Bank of India has extended Directions issued to the Mahamedha Urban Co-operative Bank Ltd., Ghaziabad, Uttar Pradesh for a further period of one month from July 30, 2017 to August 29, 2017, subject to review. The bank has been under directions issued under Section 35A of the Banking Regulation Act, 1949 (AACS) since July 29, 2016. The same has further been extended upto August 29, 2017 vide directive dated July 26, 2017. A copy of the directive dated July
The Reserve Bank of India has extended Directions issued to the Mahamedha Urban Co-operative Bank Ltd., Ghaziabad, Uttar Pradesh for a further period of one month from July 30, 2017 to August 29, 2017, subject to review. The bank has been under directions issued under Section 35A of the Banking Regulation Act, 1949 (AACS) since July 29, 2016. The same has further been extended upto August 29, 2017 vide directive dated July 26, 2017. A copy of the directive dated July
జులై 19, 2017
Issue of ₹ 20/- banknotes in Mahatma Gandhi series-2005 with the inset letter 'S’ in the number panels, and signature of Dr. Urjit R. Patel, Governor
The Reserve Bank of India will shortly issue ₹ 20/- denomination banknotes in the Mahatma Gandhi Series, with the inset letter 'S' in both the number panels. The design of these banknotes to be issued now is similar in all respects to the ₹ 20/- banknotes in the same series issued earlier (For details- refer Press Release No. 2016-2017/678 dated September 15, 2016). All the banknotes in the denomination of ₹ 20/- issued by the Bank in the past will continue to be lega
The Reserve Bank of India will shortly issue ₹ 20/- denomination banknotes in the Mahatma Gandhi Series, with the inset letter 'S' in both the number panels. The design of these banknotes to be issued now is similar in all respects to the ₹ 20/- banknotes in the same series issued earlier (For details- refer Press Release No. 2016-2017/678 dated September 15, 2016). All the banknotes in the denomination of ₹ 20/- issued by the Bank in the past will continue to be lega
జులై 18, 2017
RBI cancels Certificate of Registration of 8 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following eight non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s Sehajpal Estates & Finance Pvt. Ltd. Nawanshahar Main Road, VPO – Aur Doaba – 144417 (Punjab) B-06.00300 June 28, 2000
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following eight non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s Sehajpal Estates & Finance Pvt. Ltd. Nawanshahar Main Road, VPO – Aur Doaba – 144417 (Punjab) B-06.00300 June 28, 2000
జులై 18, 2017
10 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Galaxy Granites (India) Pvt. Ltd. (Presently Guiness Commodities Private Limit
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Galaxy Granites (India) Pvt. Ltd. (Presently Guiness Commodities Private Limit
జులై 14, 2017
Shri Subhash Chandra Garg nominated on RBI Central Board
The Central Government has nominated Shri Subhash Chandra Garg, Secretary, Department of Economic Affairs, Ministry of Finance, New Delhi as a Director on the Central Board of Directors of Reserve Bank of India vice Shri Shaktikanta Das. The nomination of Shri Subhash Chandra Garg is effective from July 12, 2017 and until further orders. Jose J. Kattoor Chief General Manager Press Release : 2017-2018/134
The Central Government has nominated Shri Subhash Chandra Garg, Secretary, Department of Economic Affairs, Ministry of Finance, New Delhi as a Director on the Central Board of Directors of Reserve Bank of India vice Shri Shaktikanta Das. The nomination of Shri Subhash Chandra Garg is effective from July 12, 2017 and until further orders. Jose J. Kattoor Chief General Manager Press Release : 2017-2018/134
జులై 11, 2017
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Gomti Nagariya Sahkari Bank Ltd., Jaunpur (Uttar Pradesh)
The Reserve Bank of India is satisfied that in the interest of the public it is necessary to issue certain directions to the Gomti Nagariya Sahkari Bank Ltd., Jaunpur (Uttar Pradesh). Accordingly, the Reserve Bank of India in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that Gomti Nagariya Sah
The Reserve Bank of India is satisfied that in the interest of the public it is necessary to issue certain directions to the Gomti Nagariya Sahkari Bank Ltd., Jaunpur (Uttar Pradesh). Accordingly, the Reserve Bank of India in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that Gomti Nagariya Sah
జులై 11, 2017
Marginal Cost of Funds Based Lending Rate (MCLR) for the month of June 2017
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of June 2017. Shailaja Singh Assistant General Manager Press Release: 2017-2018/103
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of June 2017. Shailaja Singh Assistant General Manager Press Release: 2017-2018/103
జులై 10, 2017
Corrigendum
The Reserve Bank of India had issued a Press Release on June 13, 2017 bearing reference number 2016-2017/3363 (“Press Release”) titled 'RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC)’. The third line of paragraph no. 5 of the Press Release, which reads as follows: “5. ...Such cases will be accorded priority by the National Company Law Tribunal (NCLT).” stands deleted. The remaining contents of the Press Release remain unc
The Reserve Bank of India had issued a Press Release on June 13, 2017 bearing reference number 2016-2017/3363 (“Press Release”) titled 'RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC)’. The third line of paragraph no. 5 of the Press Release, which reads as follows: “5. ...Such cases will be accorded priority by the National Company Law Tribunal (NCLT).” stands deleted. The remaining contents of the Press Release remain unc
జులై 10, 2017
The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal – Extension of All Inclusive Directions under Section 35A read with Section 56 of Banking Regulation Act, 1949
It is hereby notified for information of public that the Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive dated March 28, 2014, read with Directive dated December 30, 2016 issued to The Suri Friends’ Union Co-operative Bank Limited, Suri, West Bengal. Accordingly, the Reserve Bank of India in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the
It is hereby notified for information of public that the Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive dated March 28, 2014, read with Directive dated December 30, 2016 issued to The Suri Friends’ Union Co-operative Bank Limited, Suri, West Bengal. Accordingly, the Reserve Bank of India in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the
జులై 06, 2017
RBI extends Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh till November 06, 2017
The Reserve Bank of India has extended Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur for a further period of four months from July 07, 2017 to November 06, 2017, subject to review. The bank has been under directions issued under Section 35A of the Banking Regulation Act, 1949 (AACS) since July 07, 2015. The aforesaid directive was modified and its validity extended upto July 06, 2017. The same has further been extended upto November 06,
The Reserve Bank of India has extended Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur for a further period of four months from July 07, 2017 to November 06, 2017, subject to review. The bank has been under directions issued under Section 35A of the Banking Regulation Act, 1949 (AACS) since July 07, 2015. The aforesaid directive was modified and its validity extended upto July 06, 2017. The same has further been extended upto November 06,
జులై 06, 2017
Sovereign Gold Bond Scheme 2017-18 – Series II
The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds 2017-18 - Series II. Applications for the bond will be accepted from July 10-14, 2017. The Bonds will be issued on July 28, 2017. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated Post Offices, and recognised Stock Exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange. The feature
The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds 2017-18 - Series II. Applications for the bond will be accepted from July 10-14, 2017. The Bonds will be issued on July 28, 2017. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated Post Offices, and recognised Stock Exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange. The feature
జులై 04, 2017
Amanath Co-operative Bank Ltd., Bengaluru- Extension of All Inclusive Directions under Section 35A of the Banking Regulation Act, 1949 (AACS)
It is hereby notified for information of public that the Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the directive dated April 1, 2013 read with subsequent directives, last being dated December 29, 2016 issued to the Amanath Cooperative Bank Ltd, Bengaluru for a further period of six months. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub section (1) of Sectio
It is hereby notified for information of public that the Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the directive dated April 1, 2013 read with subsequent directives, last being dated December 29, 2016 issued to the Amanath Cooperative Bank Ltd, Bengaluru for a further period of six months. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub section (1) of Sectio
జులై 03, 2017
Laxmi Mahila Nagrik Sahkari Bank Maryadit, Raipur – Penalized
The Reserve Bank of India has imposed a monetary penalty of ₹ 3,00,000/- (₹ Three lakh only) on Laxmi Mahila Nagrik Sahkari Bank Maryadit, Raipur in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act 1949 (As applicable to Co-operative Societies) for violation of guidelines on ‘Know Your Customer’ (KYC) issued by the Reserve Bank of India. The Reserve Bank of India had issued a show cause
The Reserve Bank of India has imposed a monetary penalty of ₹ 3,00,000/- (₹ Three lakh only) on Laxmi Mahila Nagrik Sahkari Bank Maryadit, Raipur in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act 1949 (As applicable to Co-operative Societies) for violation of guidelines on ‘Know Your Customer’ (KYC) issued by the Reserve Bank of India. The Reserve Bank of India had issued a show cause
జూన్ 30, 2017
Cancellation of licence of Gokul Co-operative Urban Bank Limited, Secunderabad to carry on banking business
It is hereby notified for the information of the public that the Reserve Bank of India has cancelled vide order dated June 20, 2017, the licence of Gokul Co-operative Urban Bank Ltd., 7-2-148, Monda Market, Secunderabad 500 003, to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is precluded from transacting the business of '
It is hereby notified for the information of the public that the Reserve Bank of India has cancelled vide order dated June 20, 2017, the licence of Gokul Co-operative Urban Bank Ltd., 7-2-148, Monda Market, Secunderabad 500 003, to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is precluded from transacting the business of '
జూన్ 30, 2017
RBI releases Names of Applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector
The Reserve Bank of India today released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector. As on date, application from UAE Exchange and Financial Services Limited has been received by the Reserve Bank. It may be recalled that the Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector, issued on August 1, 2016, indicated that in order to ensure transparency, the names of the applicants for
The Reserve Bank of India today released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector. As on date, application from UAE Exchange and Financial Services Limited has been received by the Reserve Bank. It may be recalled that the Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector, issued on August 1, 2016, indicated that in order to ensure transparency, the names of the applicants for
జూన్ 30, 2017
Caution against various Co-operative societies accepting deposits from non-members
It has come to the notice of the Reserve Bank of India that some Co-operative Societies/primary co-operative credit societies are accepting deposits from non-members/nominal members / associate members. Members of the public are hereby informed that such co-operative societies have neither been issued any licence under Banking Regulation Act, 1949 (As Applicable to Cooperative Societies) nor are they authorized by the Reserve Bank of India for doing banking business.
It has come to the notice of the Reserve Bank of India that some Co-operative Societies/primary co-operative credit societies are accepting deposits from non-members/nominal members / associate members. Members of the public are hereby informed that such co-operative societies have neither been issued any licence under Banking Regulation Act, 1949 (As Applicable to Cooperative Societies) nor are they authorized by the Reserve Bank of India for doing banking business.
జూన్ 30, 2017
FINO Payments Bank Limited commences operations
FINO Payments Bank Limited has commenced operations as a payments bank with effect from June 30, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. FINO PayTech Limited, Navi Mumbai was one of the 11 applicants which were issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015. Jose J. Kattoor Chief
FINO Payments Bank Limited has commenced operations as a payments bank with effect from June 30, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. FINO PayTech Limited, Navi Mumbai was one of the 11 applicants which were issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015. Jose J. Kattoor Chief
జూన్ 30, 2017
Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning July 01, 2017
The Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning July 01, 2017 will be 9.22 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014, issued to NBFC-MFIs regarding pricing of credit, stated that it will, on the last working day of every quarter, advise the averag
The Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning July 01, 2017 will be 9.22 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014, issued to NBFC-MFIs regarding pricing of credit, stated that it will, on the last working day of every quarter, advise the averag
జూన్ 29, 2017
శ్రీమద్ రాజ్ చంద్ర 150 వ జన్మదిన వార్షికోత్సవ స్మారక సందర్భంగా 10 నాణేల జారీ
జూన్ 29, 2017 శ్రీమద్ రాజ్ చంద్ర 150 వ జన్మదిన వార్షికోత్సవ స్మారక సందర్భంగా ₹ 10 నాణేల జారీభారతీయ రిజర్వ్ బ్యాంక్ త్వరలో భారత ప్రభుత్వ ముద్రణలోని పైన పేర్కొన్న నాణేమును చెలామణిలోకి తీసుకురానున్నది. మాన్యులైన భారత ప్రధాన మంత్రి గారిచే ఈ నాణెము విడుదల చేయబడింది. ఆర్దిక మంత్రిత్వశాఖ, ఆర్దిక వ్యవహారాల విభాగం, న్యూడిల్లీ, జూన్ 23, 2017వ తారీఖున జారీ చేసిన భారత రాజపత్రం – విశేష – భాగం II, సెక్షన్ 3, సబ్-సెక్షన్ (i), G.S.R.641(E) {The Gazette of India – Extraordinary – Part
జూన్ 29, 2017 శ్రీమద్ రాజ్ చంద్ర 150 వ జన్మదిన వార్షికోత్సవ స్మారక సందర్భంగా ₹ 10 నాణేల జారీభారతీయ రిజర్వ్ బ్యాంక్ త్వరలో భారత ప్రభుత్వ ముద్రణలోని పైన పేర్కొన్న నాణేమును చెలామణిలోకి తీసుకురానున్నది. మాన్యులైన భారత ప్రధాన మంత్రి గారిచే ఈ నాణెము విడుదల చేయబడింది. ఆర్దిక మంత్రిత్వశాఖ, ఆర్దిక వ్యవహారాల విభాగం, న్యూడిల్లీ, జూన్ 23, 2017వ తారీఖున జారీ చేసిన భారత రాజపత్రం – విశేష – భాగం II, సెక్షన్ 3, సబ్-సెక్షన్ (i), G.S.R.641(E) {The Gazette of India – Extraordinary – Part

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పేజీ చివరిగా అప్‌డేట్ చేయబడిన తేదీ: ఆగస్టు 01, 2024