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:

The Reserve Bank of India has today placed on its website the draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services. Comments / Feedback, if any, may be sent by email with the subject line “Comments on draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services”, by November 28, 2023.

SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 07-Oct-2222-SEP-2023*06-OCT-2023*07-Oct-2222-SEP-2023*06-OCT-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks191780.92238947.18233687.07194707.13241286.81236022.15 **

b) Borrowings from banks61002.31195119.2199276.661308.31195203.11199285.6

c) Other demand & time liabilities50315.1170559.3472142.7950858.9670625.03

The Reserve Bank of India has, in exercise of its power, under section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the ‘bob World’ mobile application. This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application. Any further onboarding of customers of the bank on the ‘bob World’ application will be subject to rectification of the deficiencies observed and strengthening of the related processes by the bank to the satisfaction of RBI. The bank has been further directed to ensure that already onboarded ‘bob World’ customers do not face any disruption on account of this suspension.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2023-2024/1083

Reserve Bank of India launched a Centralised Web Portal उद्गम UDGAM (Unclaimed Deposits – Gateway to Access inforMation) on August 17, 2023 for the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place.

The search facility was initially made available on the portal for seven banks and it was intimated to public that the search facility for remaining banks on the portal would be made available in a phased manner by October 15, 2023. The members of public are hereby informed that, the search facility for 30 banks has been made available on the portal on September 28, 2023, which covers around 90% of such unclaimed deposits (in value terms) in Depositor Education and Awareness (DEA) Fund.

(Yogesh Dayal)      
Chief General Manager

Press Release: 2023-2024/1048

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs)ALL SCHEDULED BANKS 23-Sep-2208-SEP-2023*22-SEP-2023*23-Sep-2208-SEP-2023*22-SEP-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.185703.85253481.66243807.14188640.83255860.31246146.77** b) Borrowings from banks57304.07188137.54195119.257338.07188207.97195203.11 c) Other demand & time liabilities46955.9469409.9270309.947474.3870117.3770375.59 IILIABILITIES TO OTHERS (A) a) Deposits (other than from banks)17031994.6219383942.24 (19240124.52)19275841.49 (19133844.78)17454902.1919823692.2 (19679874.48)19714798.74 (19572802.03) i) Demand1981190.632194425.232199832.662025927.792239958.522245091.87 ii) Time15050803.9917189516.9417076008.9115428974.417583733.6117469706.95 b) Borrowings @531878.55845916.87839112.11537170.08850211.62843305.51 c) Other demand & time liabilities691762.8873173.15878564.56704631.55887113.13892521.09

IIIBORROWINGS FROM R.B.I. (B)103965.1628186.49187948103965.1628186.49187948

 Against usance bills and / or prom. Notes      

IVCASH110168.299284.0194141.33113183.09101609.3696589.85

VBALANCES WITH R.B.I. (B)767170.74992545.97959345.47785714.11012625.98979142.3

VIASSETS WITH BANKING SYSTEM      

 a) Balances with other banks      

 i) In current accounts23252.839952.278640.9626501.5312651.0411236.59

 ii) In other accounts164333.92175229.57173116.9201290.04213521.24211610.32

 b) Money at call & short notice13576.4325533.6522686.3632417.0341662.6139873.78

 c) Advances to banks (i.e. due from bks.)41529.6147364.6246799.9641977.5148185.5747554.86 £

 d) Other assets55090.892373.7993496.5358659.2395276.2496272.91

VIIINVESTMENTS (At book value)5075621.985982861.04
(5869994.88)5981356.32
(5868391.34)5222891.356131108.26
(6018242.10)6128399.57
(6015434.59)

 a) Central & State Govt. securities+5074818.55982086.135980660.085216388.956124176.686121397.24

 b) Other approved securities803.49774.9696.246502.396931.587002.33

VIIIBANK CREDIT (Excluding Inter-Bank Advances)12629874.7915039168.68
(14444840.83)15151318.89
(14558878.43)13007886.5915433148.27
(14838820.42)15534392.74
(14941952.28)

 a) Loans, cash credits & Overdrafts $12393420.7314783209.9514891524.7712768531.5815174352.4915271834.61

 b) Inland Bills purchased35836.6944672.7444986.0735854.3844686.7845000.2

 c) Inland Bills discounted155850.37170730.78174846.68157963.74172894.78176948.51

 d) Foreign Bills purchased16882.6616713.9316500.4417061.8916943.0416735.29

 e) Foreign Bills discounted27884.3323841.2523460.9628475.0124271.1623874.16