Press Releases - Regulating Commercial Banking - ఆర్బిఐ - Reserve Bank of India
పత్రికా ప్రకటనలు
జూన్ 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
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
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జూన్ 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
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
మే 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
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
మే 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
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
ఏప్రి 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
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
ఏప్రి 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
'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
మార్చి 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
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
మార్చి 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
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
ఫిబ్ర 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
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
జన 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
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
జన 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
'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
డిసెం 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
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
డిసెం 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
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
డిసెం 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
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
నవం 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
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
అక్టో 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
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
అక్టో 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
'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
సెప్టెం 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
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
జులై 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
'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
జూన్ 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
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
మే 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
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
ఏప్రి 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
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
ఏప్రి 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
'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
ఏప్రి 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
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
ఏప్రి 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
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
మార్చి 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
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
మార్చి 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
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
ఫిబ్ర 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
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
ఫిబ్ర 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
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
ఫిబ్ర 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.
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.
జన 18, 2001
Advisory Group on International Accounting and Auditing submits report
The Advisory Group on International Accounting and Auditing submitted its report to the Standing Committee on International Standards and Codes today. The Advisory Group is headed by Shri Y.H.Malegam with Shri N.P.Sarda, Shri Mohindar M.Khanna and Shri T.V.Mohandas Pai as members. The report is available on the RBI website (www.rbi.org.in) It may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 in orde
The Advisory Group on International Accounting and Auditing submitted its report to the Standing Committee on International Standards and Codes today. The Advisory Group is headed by Shri Y.H.Malegam with Shri N.P.Sarda, Shri Mohindar M.Khanna and Shri T.V.Mohandas Pai as members. The report is available on the RBI website (www.rbi.org.in) It may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 in orde
జన 16, 2001
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on Last Friday of September 2000
The 'Banking Statistics: Quarterly Handout – September 2000' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on Last Friday of September 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 'Banking Statistics: Quarterly Handout – September 2000' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on Last Friday of September 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
జన 16, 2001
Advisory Groups on "Payment and Settlement System" and on "Bankruptcy laws" Submit Reports
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
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
జన 06, 2001
Aim at being the best: RBI Governor exhorts Indian Financial System
"We have the comparative advantage, we have the resources, we have the manpower and we also have the respect of the world to make our financial system the best in the world. But the task is not easy." Stating this Dr. Bimal Jalan, Governor, Reserve Bank of India appealed to the National Institute for Bank Management and the banking community to debate and come up with a blueprint for the future of the banking system in India in say, another 10-15 years. The Governor w
"We have the comparative advantage, we have the resources, we have the manpower and we also have the respect of the world to make our financial system the best in the world. But the task is not easy." Stating this Dr. Bimal Jalan, Governor, Reserve Bank of India appealed to the National Institute for Bank Management and the banking community to debate and come up with a blueprint for the future of the banking system in India in say, another 10-15 years. The Governor w
జన 03, 2001
Guidelines on entry of new banks in the private sector
The guidelines for licensing of new banks in the private sector were issued by the Reserve Bank of India (RBI) on January 22, 1993. Out of various applications received, RBI had granted licences to 10 banks. After a review of the experience gained on the functioning of the new banks in the private sector, in consultation with the Government, it has now been decided to revise the licensing guidelines. The revised guidelines for entry of new banks in private sector are
The guidelines for licensing of new banks in the private sector were issued by the Reserve Bank of India (RBI) on January 22, 1993. Out of various applications received, RBI had granted licences to 10 banks. After a review of the experience gained on the functioning of the new banks in the private sector, in consultation with the Government, it has now been decided to revise the licensing guidelines. The revised guidelines for entry of new banks in private sector are
డిసెం 01, 2000
Income-Tax Payment at Designated Banks Branches
December 1, 2000 The Reserve Bank of India has advised income tax assessees that over 800 branches of public sector banks in Mumbai and Navi Mumbai are authorised to accept payment of income tax dues as a standing arrangement.Income-tax assessees may take advantage of these standing arrangements made for their convenience. The Reserve Bank has also advised income-tax assessees in Mumbai and Navi Mumbai cities to deposit their income tax dues sufficiently in advance to
December 1, 2000 The Reserve Bank of India has advised income tax assessees that over 800 branches of public sector banks in Mumbai and Navi Mumbai are authorised to accept payment of income tax dues as a standing arrangement.Income-tax assessees may take advantage of these standing arrangements made for their convenience. The Reserve Bank has also advised income-tax assessees in Mumbai and Navi Mumbai cities to deposit their income tax dues sufficiently in advance to
నవం 29, 2000
RBI Working Group on Risk based Internal Inspection/Audit in Banks
The Reserve Bank of India has set up a multi-disciplinary working group to look into introduction of risk based internal inspection/audit in banks in India and to make suitable recommendations. The composition of the Working Group is:1.Shri G. Sitharaman:Chairman President The Institute of Chartered Accountants of India 2.Shri K. L. Khetarpaul:Member Chief General Manager-in-Charge Reserve Bank of India Department of Banking Supervision Central Office, Mumbai 3.Shri A
The Reserve Bank of India has set up a multi-disciplinary working group to look into introduction of risk based internal inspection/audit in banks in India and to make suitable recommendations. The composition of the Working Group is:1.Shri G. Sitharaman:Chairman President The Institute of Chartered Accountants of India 2.Shri K. L. Khetarpaul:Member Chief General Manager-in-Charge Reserve Bank of India Department of Banking Supervision Central Office, Mumbai 3.Shri A
నవం 15, 2000
RBI releases Report on Trend and Progress of Banking in India - 1999-2000
The Reserve Bank of India today released its Report on Trend and Progress of Banking in India - 1999-2000. The Report gives a detailed account of the performance of commercial banks, cooperative banks, development financial institutions and non-bank finance companies. In addition, the Report also gives policies and regulatory environment under which these institutions operate. The first chapter captures the banking developments and perspectives. In particular, attenti
The Reserve Bank of India today released its Report on Trend and Progress of Banking in India - 1999-2000. The Report gives a detailed account of the performance of commercial banks, cooperative banks, development financial institutions and non-bank finance companies. In addition, the Report also gives policies and regulatory environment under which these institutions operate. The first chapter captures the banking developments and perspectives. In particular, attenti
నవం 10, 2000
Working Group on Consolidated Accounting to Facilitate Consolidated Supervision
The Reserve Bank of India has set up a multi-disciplinary working group to look into the introduction of consolidated accounting and other quantitative techniques of consolidated supervision of bank groups. The composition of the Working Group is: 1. Shri Vipin MallikChairman Chartered Accountant Member, Central Board of Directors, Reserve Bank of India 2. Shri K L KhetarpaulMember Chief General Manager-in-charge Reserve Bank of India Department of Banking Supervision
The Reserve Bank of India has set up a multi-disciplinary working group to look into the introduction of consolidated accounting and other quantitative techniques of consolidated supervision of bank groups. The composition of the Working Group is: 1. Shri Vipin MallikChairman Chartered Accountant Member, Central Board of Directors, Reserve Bank of India 2. Shri K L KhetarpaulMember Chief General Manager-in-charge Reserve Bank of India Department of Banking Supervision
అక్టో 16, 2000
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks : Quarterly Handout : June 2000
The 'Banking Statistics: Quarterly Handout - June 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of June 2000 with various classifications, has been published by the 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 p
The 'Banking Statistics: Quarterly Handout - June 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of June 2000 with various classifications, has been published by the 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 p
అక్టో 05, 2000
No Change in Bank Rate /CRR considered : RBI Governor
In response to a question from media persons on the sidelines of the Sixth Annual Seminar on Mutual Fund Industry, Dr. Bimal Jalan, Governor, Reserve Bank of India confirmed that "The mid-term review of the Monetary and Credit Policy, will be an absolutely routine exercise." He further added that the policy will review the developments in the economy and financial markets, including the forex market, since April. "No change in Bank Rate or Cash Reserve Ratio(CRR) is b
In response to a question from media persons on the sidelines of the Sixth Annual Seminar on Mutual Fund Industry, Dr. Bimal Jalan, Governor, Reserve Bank of India confirmed that "The mid-term review of the Monetary and Credit Policy, will be an absolutely routine exercise." He further added that the policy will review the developments in the economy and financial markets, including the forex market, since April. "No change in Bank Rate or Cash Reserve Ratio(CRR) is b
సెప్టెం 28, 2000
RBI Working Group on Discount of Bills submits Report
Making bill finance available at interest rates lower than loan or cash credit, freedom to individual banks to lay down norms, abolition of stamp duty on bills of usance up to 182 days and exemption from stamp duty to financial institutions and registered non-banking finance companies are some of the recommendations of the Working Group on Discounting of Bills by Banks. The Working Group has also recommended allowing borrowers to discount bills drawn under letters of
Making bill finance available at interest rates lower than loan or cash credit, freedom to individual banks to lay down norms, abolition of stamp duty on bills of usance up to 182 days and exemption from stamp duty to financial institutions and registered non-banking finance companies are some of the recommendations of the Working Group on Discounting of Bills by Banks. The Working Group has also recommended allowing borrowers to discount bills drawn under letters of
సెప్టెం 26, 2000
Advisory Group on Insurance Regulation - Part I
The Standing Committee on International Financial Standards and Codes (Chairman Dr. Y. V. Reddy) appointed 10 Advisory Groups of which Advisory Group on Insurance Regulation is one. The Group is chaired by Shri R. Ramakrishnan, former Executive Director, Life Insurance Corporation of India with Shri L. P. Venkataraman, Shri R. C. Rao, Shri T. G. Menon, Shri N. C. Gupta, as members. The Advisory Group has submitted Part I of the report. In accordance with the terms of
The Standing Committee on International Financial Standards and Codes (Chairman Dr. Y. V. Reddy) appointed 10 Advisory Groups of which Advisory Group on Insurance Regulation is one. The Group is chaired by Shri R. Ramakrishnan, former Executive Director, Life Insurance Corporation of India with Shri L. P. Venkataraman, Shri R. C. Rao, Shri T. G. Menon, Shri N. C. Gupta, as members. The Advisory Group has submitted Part I of the report. In accordance with the terms of
సెప్టెం 22, 2000
Advisory Group on Banking Supervision - Part I
The Standing Committee on International Financial Standards and Codes (Chairman : Dr. Y. V. Reddy) had appointed ten Advisory Groups of which Advisory Group on Banking Supervision is one. The Group is chaired by Shri M. S. Verma, former Chairman, State Bank of India, with Shri K. R. Ramamoorthy, Shri H. N. Sinor and Shri Janki Ballabh as members. The Advisory Group has submitted Part I of its Report which deals with corporate governance in banks, supervision of cross
The Standing Committee on International Financial Standards and Codes (Chairman : Dr. Y. V. Reddy) had appointed ten Advisory Groups of which Advisory Group on Banking Supervision is one. The Group is chaired by Shri M. S. Verma, former Chairman, State Bank of India, with Shri K. R. Ramamoorthy, Shri H. N. Sinor and Shri Janki Ballabh as members. The Advisory Group has submitted Part I of its Report which deals with corporate governance in banks, supervision of cross
సెప్టెం 09, 2000
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 781 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 / designated banks' counter
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 781 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 / designated banks' counter
జులై 11, 2000
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks:Quarterly Handout : March 2000
The 'Banking Statistics: Quarterly Handout – March 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 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 publication i
The 'Banking Statistics: Quarterly Handout – March 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 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 publication i
జులై 10, 2000
RBI's FAQs on Banking Matters
The Reserve Bank of India has published a booklet titled 'Replies to Questions, Frequently asked on Banking Matters' aims at providing answers to frequently asked questions on bank deposits, advances, hiring of premises by banks, advances against shares and debentures, etc. and is directed at banks, industry, associations and general public as well.The Reserve Bank of India issues circulars and directives from time to time on banking matters. Every effort is made to e
The Reserve Bank of India has published a booklet titled 'Replies to Questions, Frequently asked on Banking Matters' aims at providing answers to frequently asked questions on bank deposits, advances, hiring of premises by banks, advances against shares and debentures, etc. and is directed at banks, industry, associations and general public as well.The Reserve Bank of India issues circulars and directives from time to time on banking matters. Every effort is made to e
జులై 03, 2000
RBI releases FAQs on Banking Matters
The Reserve Bank of India has been issuing circulars and directives from time to time. While issuing such circulars/directives, every effort is made to ensure clarity of the instructions with rationale and logic. There have been occasions when banks, members of public, etc., sought clarifications or interpretation of the instructions conveyed. It was, therefore, felt that if a booklet was compiled containing answers to off repeated questions, it would be helpful to al
The Reserve Bank of India has been issuing circulars and directives from time to time. While issuing such circulars/directives, every effort is made to ensure clarity of the instructions with rationale and logic. There have been occasions when banks, members of public, etc., sought clarifications or interpretation of the instructions conveyed. It was, therefore, felt that if a booklet was compiled containing answers to off repeated questions, it would be helpful to al
జూన్ 21, 2000
DBOD circulars on CD/RBI Web
The Reserve Bank of India has brought out a compact disc (CD) containing all the circulars issued by the Department of Banking Operations and Development up to March 31, 2000. In the CD the instructions issued up to end of 1995 are available in the form of a compendium; whereas those issued from January 1, 1996 are available in full text. The CD has been sent to all the banks. The contents of the CD are also made available on the RBI website (www.circulars.rbi.org.in)
The Reserve Bank of India has brought out a compact disc (CD) containing all the circulars issued by the Department of Banking Operations and Development up to March 31, 2000. In the CD the instructions issued up to end of 1995 are available in the form of a compendium; whereas those issued from January 1, 1996 are available in full text. The CD has been sent to all the banks. The contents of the CD are also made available on the RBI website (www.circulars.rbi.org.in)
ఏప్రి 18, 2000
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks : Quarterly Handout : December 1999
The 'Banking Statistics: Quarterly Handout - December 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on December 31, 1999 with various classifications, has been published by the 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 publ
The 'Banking Statistics: Quarterly Handout - December 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on December 31, 1999 with various classifications, has been published by the 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 publ
ఏప్రి 01, 2000
Reserve Bank of India announces Monetary Easing Measures to lower Interest Rates
On a review of liquidity and market conditions, Reserve Bank of India today announced the following measures: A reduction in Bank Rate by 1.0 percentage point from its present level of 8.0 per cent to 7.0 percent as at the close of business of April 1, 2000; A reduction in Cash Reserve Ratio (CRR) by 1 percentage point from its present level of 9.0 per cent to 8.0 per cent in two stages by 0.5 percentage point each effective from fortnights beginning April, 8 and Apri
On a review of liquidity and market conditions, Reserve Bank of India today announced the following measures: A reduction in Bank Rate by 1.0 percentage point from its present level of 8.0 per cent to 7.0 percent as at the close of business of April 1, 2000; A reduction in Cash Reserve Ratio (CRR) by 1 percentage point from its present level of 9.0 per cent to 8.0 per cent in two stages by 0.5 percentage point each effective from fortnights beginning April, 8 and Apri
మార్చి 06, 2000
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 415 specified bank branches, the Reserve Bank of India has stated in a press release. Seventy-six branches of Bank of Baroda, 72 branches of Bank of India, 23 branches of Bank of Maharashtra, 71 branches of Central Bank of India, 21 branches of Dena Bank, 37 branches of Indian Overseas Bank, 70 branches of State Bank of India, 17 branches of United Bank o
For the convenience of income tax (IT) assessees, arrangements have been made for receipt of advance income tax at 415 specified bank branches, the Reserve Bank of India has stated in a press release. Seventy-six branches of Bank of Baroda, 72 branches of Bank of India, 23 branches of Bank of Maharashtra, 71 branches of Central Bank of India, 21 branches of Dena Bank, 37 branches of Indian Overseas Bank, 70 branches of State Bank of India, 17 branches of United Bank o
ఫిబ్ర 25, 2000
Amalgamation of Times Bank with HDFC Bank
In exercise of the powers contained in Sub-section (4) of Section 44A of the Banking Regulation Act, 1949, the Reserve Bank of India has sanctioned the Scheme of Amalgamation of the Times Bank Ltd. With the HDFC Bank Ltd. The Scheme shall come into force with effect from February 26, 2000. All the branches of the Times Bank Ltd. Shall, from February 26, 2000, function as branches of HDFC Bank Ltd.Ajit Prasad ManagerPress Release : 1999-2000/1140
In exercise of the powers contained in Sub-section (4) of Section 44A of the Banking Regulation Act, 1949, the Reserve Bank of India has sanctioned the Scheme of Amalgamation of the Times Bank Ltd. With the HDFC Bank Ltd. The Scheme shall come into force with effect from February 26, 2000. All the branches of the Times Bank Ltd. Shall, from February 26, 2000, function as branches of HDFC Bank Ltd.Ajit Prasad ManagerPress Release : 1999-2000/1140
ఫిబ్ర 21, 2000
PSBs can now open Savings Accounts In the Name of Zilla Parishads/Gram Panchayats
The Reserve Bank of India has now allowed public sector banks to open savings bank accounts in the name of Zilla Parishads/Gram Panchayats in respect of funds released for implementation of various rural development/welfare programmes and/or subsidy/margin-money linked programmes sponsored by the State Governments/Government of India.The Reserve Bank earlier this year had allowed public sector banks to open savings bank accounts in the name of Collector/District Magis
The Reserve Bank of India has now allowed public sector banks to open savings bank accounts in the name of Zilla Parishads/Gram Panchayats in respect of funds released for implementation of various rural development/welfare programmes and/or subsidy/margin-money linked programmes sponsored by the State Governments/Government of India.The Reserve Bank earlier this year had allowed public sector banks to open savings bank accounts in the name of Collector/District Magis
జన 24, 2000
PSBs can now open Savings Accounts in the Name of Collector/DM/DC
The Reserve Bank of India has now decided to allow public sector banks to open savings bank accounts in the name of Collector/District Magistrate/District Commissioner in respect of funds released for implementation of member of Parliament Local Area Development Scheme (MPLADS) where the works under the scheme are executed through Planning Department of the State Government. Public sector banks may also open savings bank accounts under MPLADS scheme in the name of Dis
The Reserve Bank of India has now decided to allow public sector banks to open savings bank accounts in the name of Collector/District Magistrate/District Commissioner in respect of funds released for implementation of member of Parliament Local Area Development Scheme (MPLADS) where the works under the scheme are executed through Planning Department of the State Government. Public sector banks may also open savings bank accounts under MPLADS scheme in the name of Dis
జన 14, 2000
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks: Quarterly Handout: September 1999
The 'Banking Statistics: Quarterly Handout - September 1999' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on 24th September 1999, 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 publ
The 'Banking Statistics: Quarterly Handout - September 1999' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on 24th September 1999, 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 publ
జన 13, 2000
RBI releases ALM Guidelines for FIs
The Reserve Bank of India has today released the Guidelines on asset liability management (ALM) system for the ten all-India term lending and refinancing institutions (FIs) on its website: www.rbi.org.in. The comprehensive guidelines to these institutions were issued on December 31, 1999 for instituting a structured asset liability management (ALM) system by them. The guidelines will be effective from April 1, 2000. FIs have been advised to constitute an Asset Liabili
The Reserve Bank of India has today released the Guidelines on asset liability management (ALM) system for the ten all-India term lending and refinancing institutions (FIs) on its website: www.rbi.org.in. The comprehensive guidelines to these institutions were issued on December 31, 1999 for instituting a structured asset liability management (ALM) system by them. The guidelines will be effective from April 1, 2000. FIs have been advised to constitute an Asset Liabili
డిసెం 29, 1999
Report of the In-house Working Group on Asset Securitisation
The Reserve Bank of India had set up an in-house Working Group to examine securitisation as a process of financial engineering and its applicability to the Indian financial system, especially in the mortgage and infrastructure sectors. The Working Group, with Shri V.S.N. Murty, Chief General Manager In-Charge of Department of Non-Banking Supervision as the Chairman and Shri K.K. Vohra, Deputy General Manager as Member-Secretary, had, as members, senior officers drawn
The Reserve Bank of India had set up an in-house Working Group to examine securitisation as a process of financial engineering and its applicability to the Indian financial system, especially in the mortgage and infrastructure sectors. The Working Group, with Shri V.S.N. Murty, Chief General Manager In-Charge of Department of Non-Banking Supervision as the Chairman and Shri K.K. Vohra, Deputy General Manager as Member-Secretary, had, as members, senior officers drawn
డిసెం 03, 1999
RBI sets up Working Group on Discounting of Bills by Banks
The Reserve Bank of India has constituted a Working Group on Discounting of Bills by banks to examine the possibility of extending bill discounting facility to services sector. At present, banks are allowed to discount only bills covering purchase of raw material/inventory for production purposes and sale of goods. Bills covering payment of electricity charges, customs duty, hire purchase/lease rental instalments and sale of securities are not eligible for discounting
The Reserve Bank of India has constituted a Working Group on Discounting of Bills by banks to examine the possibility of extending bill discounting facility to services sector. At present, banks are allowed to discount only bills covering purchase of raw material/inventory for production purposes and sale of goods. Bills covering payment of electricity charges, customs duty, hire purchase/lease rental instalments and sale of securities are not eligible for discounting
నవం 29, 1999
Now Income Tax payment at Designated Bank Branches
The income tax department has authorised designated branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India to accept payment of income tax dues. Designated branches of these banks have made arrangements to receive advance income tax.The Reserve Bank of India has advised income tax assessees to take advantage of these standing arrangements made for their conven
The income tax department has authorised designated branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India to accept payment of income tax dues. Designated branches of these banks have made arrangements to receive advance income tax.The Reserve Bank of India has advised income tax assessees to take advantage of these standing arrangements made for their conven
నవం 16, 1999
RBI issues guideline on Debit / Smart Cards
The Reserve Bank of India has issued guidelines to the banks for issuing of debit cards and smart cards. With the spread of information technology, electronic money, namely, debit cards and smart cards are being increasingly used as alternative payment instruments. These guidelines have been issued with a view to helping banks to introduce appropriate schemes in issuing of electronic cards to ease pressure on physical cash.Debit cards are plastic cards connected with
The Reserve Bank of India has issued guidelines to the banks for issuing of debit cards and smart cards. With the spread of information technology, electronic money, namely, debit cards and smart cards are being increasingly used as alternative payment instruments. These guidelines have been issued with a view to helping banks to introduce appropriate schemes in issuing of electronic cards to ease pressure on physical cash.Debit cards are plastic cards connected with
నవం 15, 1999
RBI releases Report on Trend and Progress of Banking in India - 1998-99
The Reserve Bank of India today released its Report on Trend and Progress of Banking in India 1998-99. The Report gives a comprehensive account of the performance of commercial and cooperative banks, as also of other financial entities during 1998-99, besides the policy and regulatory environment in which they operate. The highlight of the Report is a detailed treatment of main aspects of the functioning of the non-banking finance companies (NBFCs).The first chapter c
The Reserve Bank of India today released its Report on Trend and Progress of Banking in India 1998-99. The Report gives a comprehensive account of the performance of commercial and cooperative banks, as also of other financial entities during 1998-99, besides the policy and regulatory environment in which they operate. The highlight of the Report is a detailed treatment of main aspects of the functioning of the non-banking finance companies (NBFCs).The first chapter c
నవం 12, 1999
Clarification on Gold Deposit Scheme
Some clarifications have been sought as to whether the acceptance of gold under the gold deposit scheme is restricted only to gold in scrap form. The Reserve Bank of India has, therefore, clarified for the information of the general public that gold in any form such as ornaments, jewellery, coins, bars etc. may be tendered by the depositor to the bank authorised to accept such a deposit. The bank will then make a preliminary assay without breaking or changing the form
Some clarifications have been sought as to whether the acceptance of gold under the gold deposit scheme is restricted only to gold in scrap form. The Reserve Bank of India has, therefore, clarified for the information of the general public that gold in any form such as ornaments, jewellery, coins, bars etc. may be tendered by the depositor to the bank authorised to accept such a deposit. The bank will then make a preliminary assay without breaking or changing the form
నవం 01, 1999
RBI Working Group suggests roadmap for Credit Information Bureau
The Working Group constituted by the Reserve Bank of India to explore the possibilities of setting up a Credit Information Bureau in India submitted its report today. The Group in its report has pointed out that under the existing legal framework disclosure of information on banks’ customers is prohibited. However, pending legislative amendments, a beginning might be made for setting up a Credit Information Bureau that can operate with information relating to suit fil
The Working Group constituted by the Reserve Bank of India to explore the possibilities of setting up a Credit Information Bureau in India submitted its report today. The Group in its report has pointed out that under the existing legal framework disclosure of information on banks’ customers is prohibited. However, pending legislative amendments, a beginning might be made for setting up a Credit Information Bureau that can operate with information relating to suit fil
నవం 01, 1999
Banks to remain closed on January 1 for Public Dealings
The Reserve Bank of India has issued a directive advising that all scheduled commercial banks, including regional rural banks, would remain closed for public transactions on January 1, 2000. This is in conformity with the international practices as a part of contingency plan for the year 2000 (Y2K) preparations.As per the Reserve Bank directive, banks would have to be kept open on that day for staff members so that continuity of business operations in the year 2000 co
The Reserve Bank of India has issued a directive advising that all scheduled commercial banks, including regional rural banks, would remain closed for public transactions on January 1, 2000. This is in conformity with the international practices as a part of contingency plan for the year 2000 (Y2K) preparations.As per the Reserve Bank directive, banks would have to be kept open on that day for staff members so that continuity of business operations in the year 2000 co
అక్టో 09, 1999
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks:Quarterly Handout: June 1999
The 'Banking Statistics: Quarterly Handout - June 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on June 25, 1999, with various classifications, has been published by the 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 publication
The 'Banking Statistics: Quarterly Handout - June 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on June 25, 1999, with various classifications, has been published by the 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 publication
సెప్టెం 29, 1999
Banks to remain closed for public on September 30, 1999
All scheduled banks and co-operative banks in India shall remain closed for public transactions on September 30, 1999 to enable them to close their half-yearly books of accounts.Rupambara Padhi ManagerPress Release : 1999-2000/447
All scheduled banks and co-operative banks in India shall remain closed for public transactions on September 30, 1999 to enable them to close their half-yearly books of accounts.Rupambara Padhi ManagerPress Release : 1999-2000/447
ఆగ 30, 1999
Pay income tax at specified bank branches : Reserve Bank of India
For the convenience of income tax assessees, arrangements have been made for receipt of advance income tax at specified branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India. The designated branches of these banks are authorised by the income tax department to accept payment of income tax dues. Assessees are advised to take advantage of these standing arrange
For the convenience of income tax assessees, arrangements have been made for receipt of advance income tax at specified branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India. The designated branches of these banks are authorised by the income tax department to accept payment of income tax dues. Assessees are advised to take advantage of these standing arrange
ఆగ 19, 1999
Report of the Working Group on International Banking Statistics
In the context of the recent crisis in East Asia, the need for collection of timely and comprehensive information on international exposure of commercial banks has assumed critical importance at the international level. With the growing liberalisation of the external sector, close monitoring, on an ongoing basis, of the international claims and liabilities of the Indian banking sector has also become necessary. This will enable India to gauge the developments in inter
In the context of the recent crisis in East Asia, the need for collection of timely and comprehensive information on international exposure of commercial banks has assumed critical importance at the international level. With the growing liberalisation of the external sector, close monitoring, on an ongoing basis, of the international claims and liabilities of the Indian banking sector has also become necessary. This will enable India to gauge the developments in inter
ఆగ 06, 1999
Reserve Bank releases Report on Repurchase Agreements for Market Feedback
The Reserve Bank of India has today published the report on 'Repurchase Agreements (Repos)', prepared by the sub-group of the erstwhile Technical Advisory Committee on Government Securities Market. Copies of the report are been circulated among market participants, such as, primary dealers, satellite dealers and the Fixed Income and Money Market Dealers Association (FIMMDA) for obtaining their views.There has been continuing demand from the market participants to wide
The Reserve Bank of India has today published the report on 'Repurchase Agreements (Repos)', prepared by the sub-group of the erstwhile Technical Advisory Committee on Government Securities Market. Copies of the report are been circulated among market participants, such as, primary dealers, satellite dealers and the Fixed Income and Money Market Dealers Association (FIMMDA) for obtaining their views.There has been continuing demand from the market participants to wide
జులై 06, 1999
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks : Quarterly Handout:March 31, 1999
The 'Banking Statistics: Quarterly Handout - March 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 1999, with various classifications, has been published by the 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 publicati
The 'Banking Statistics: Quarterly Handout - March 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 1999, with various classifications, has been published by the 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 publicati
జూన్ 08, 1999
Working Group to explore the possibilities of setting up a Credit Information Bureau in India
The Reserve Bank of India has set up a Working Group to explore the possibilities of setting up a Credit Information Bureau in India. The credit information bureau is being contemplated for the collection of credit information relating to borrowers from lending institutions and for the provision of such information to the financial system, with a view to facilitating the distribution of credit to all sectors of the economy and for related or incidental matters. The co
The Reserve Bank of India has set up a Working Group to explore the possibilities of setting up a Credit Information Bureau in India. The credit information bureau is being contemplated for the collection of credit information relating to borrowers from lending institutions and for the provision of such information to the financial system, with a view to facilitating the distribution of credit to all sectors of the economy and for related or incidental matters. The co
జూన్ 07, 1999
Banks to register Nomination Facility in Deposit Accounts in Passbooks
The Reserve Bank of India has decided to introduce the practice of recording on the face of the passbooks the position regarding availment of nomination facility. The banks will now be able to record on the face of the passbook the position regarding availment of nomination facility by a depositor. The bank will record this on the passbook with a legend "Nomination Registered". The facility intends to facilitate expeditious settlement of claims by banks in the account
The Reserve Bank of India has decided to introduce the practice of recording on the face of the passbooks the position regarding availment of nomination facility. The banks will now be able to record on the face of the passbook the position regarding availment of nomination facility by a depositor. The bank will record this on the passbook with a legend "Nomination Registered". The facility intends to facilitate expeditious settlement of claims by banks in the account
జూన్ 02, 1999
Bareilly Corporation branches to function as branches of Bank of Baroda from tomorrow
The Reserve Bank of India has notified that from June 3, 1999, branches of the Bareilly Corporation Bank Ltd. will function as branches of Bank of Baroda.The Bareilly Corporation Bank Ltd. was already under an Order of Moratorium from the close of business on March 8, 1999 up to June 5, 1999 (inclusive). The moratorium was recommended by the Reserve Bank of India to the Government of India under Sub-section (1) of Section 45 of the Banking Regulation Act, 1949. The Go
The Reserve Bank of India has notified that from June 3, 1999, branches of the Bareilly Corporation Bank Ltd. will function as branches of Bank of Baroda.The Bareilly Corporation Bank Ltd. was already under an Order of Moratorium from the close of business on March 8, 1999 up to June 5, 1999 (inclusive). The moratorium was recommended by the Reserve Bank of India to the Government of India under Sub-section (1) of Section 45 of the Banking Regulation Act, 1949. The Go
ఏప్రి 07, 1999
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks: Quarterly Handout: Last Friday of December 1998
The 'Banking Statistics: Quarterly Handout - December 1998' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of December 1998, 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.T
The 'Banking Statistics: Quarterly Handout - December 1998' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of December 1998, 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.T
మార్చి 01, 1999
RBI announces reduction in Repo Rate, Bank Rate and CRR
The Reserve Bank of India has today announced the following measures :A reduction in Repo Rate from 8 per cent to 6 per cent effective March 3, 1999. A reduction in Bank Rate from 9 per cent to 8 per cent effective close of business hours on March 1, 1999. A reduction in Cash Reserve Ratio from 11 per cent to 10.5 per cent effective from the fortnight beginning on March 13, 1999.Alpana Killawala General ManagerPress Release : 1998-99/1118
The Reserve Bank of India has today announced the following measures :A reduction in Repo Rate from 8 per cent to 6 per cent effective March 3, 1999. A reduction in Bank Rate from 9 per cent to 8 per cent effective close of business hours on March 1, 1999. A reduction in Cash Reserve Ratio from 11 per cent to 10.5 per cent effective from the fortnight beginning on March 13, 1999.Alpana Killawala General ManagerPress Release : 1998-99/1118
మార్చి 01, 1999
Income Tax Dues can be paid at Designated Bank Branches
For the convenience of income tax assessees, the Income Tax department has authorised designated branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India to accept payment of income tax dues. Accordingly, arrangements have been made for receipt of advance income tax at the designated branches of these banks.The Reserve Bank of India has advised assessees to take
For the convenience of income tax assessees, the Income Tax department has authorised designated branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India to accept payment of income tax dues. Accordingly, arrangements have been made for receipt of advance income tax at the designated branches of these banks.The Reserve Bank of India has advised assessees to take
ఫిబ్ర 26, 1999
Banks to observe Saturday February 27, 1999 as a whole working day
The Reserve Bank of India has decided that bank branches (including Regional Rural Banks and cooperative banks)will remain open for the whole day on Saturday, February 27, 1999 to obviate the inconvenience caused to customers on account of dislocation of banking services on February 25 and 26, 1999, and in public interest . Normal banking transactions will, therefore, be undertaken in these banks/branches on February 27, 1999 and they will observe business/working hou
The Reserve Bank of India has decided that bank branches (including Regional Rural Banks and cooperative banks)will remain open for the whole day on Saturday, February 27, 1999 to obviate the inconvenience caused to customers on account of dislocation of banking services on February 25 and 26, 1999, and in public interest . Normal banking transactions will, therefore, be undertaken in these banks/branches on February 27, 1999 and they will observe business/working hou
ఫిబ్ర 19, 1999
Final Guidelines on Asset-Liability Management (ALM) System in Banks
The Reserve Bank of India has today issued final guidelines on Asset-Liability Management (ALM) System for implementation by banks effective April 1, 1999. The guidelines mainly address liquidity and interest rate risks and have been formulated to serve as a benchmark for banks not having formal ALM systems. Banks which have already adopted more sophisticated systems, have been permitted to continue their existing systems but have been asked to finetune their manageme
The Reserve Bank of India has today issued final guidelines on Asset-Liability Management (ALM) System for implementation by banks effective April 1, 1999. The guidelines mainly address liquidity and interest rate risks and have been formulated to serve as a benchmark for banks not having formal ALM systems. Banks which have already adopted more sophisticated systems, have been permitted to continue their existing systems but have been asked to finetune their manageme
ఫిబ్ర 08, 1999
RBI Working Group for Revival of Weak Public Sector Banks
In consultation with the Government of India, the Reserve Bank of India has decided to set up a Working Group under the Chairmanship of Shri M. S. Verma, former Chairman of State Bank of India and presently Adviser to the Reserve Bank, to suggest measures for revival of weak public sector banks, with the following members :(i)Shri K. R. Ramamurthy, Chairman, Vysya Bank Limited(ii)Shri M. M. Chitale, Chartered Accountant (former President, Institute of Chartered Accoun
In consultation with the Government of India, the Reserve Bank of India has decided to set up a Working Group under the Chairmanship of Shri M. S. Verma, former Chairman of State Bank of India and presently Adviser to the Reserve Bank, to suggest measures for revival of weak public sector banks, with the following members :(i)Shri K. R. Ramamurthy, Chairman, Vysya Bank Limited(ii)Shri M. M. Chitale, Chartered Accountant (former President, Institute of Chartered Accoun
జన 14, 1999
Reserve Bank of India to operationalise ALM system in banks
Chief executives of banks have been advised by the Reserve Bank of India to put in place the Asset Liability Management system by April 1, 1999 inorder to measure the risks. Keeping in view the constraints of the prevailing management information system and the level of computerisations, it was decided that banks will capture at least 60 per cent of the data on their assets and liabilities in the first year of implementation of ALM system.The Reserve Bank of India had
Chief executives of banks have been advised by the Reserve Bank of India to put in place the Asset Liability Management system by April 1, 1999 inorder to measure the risks. Keeping in view the constraints of the prevailing management information system and the level of computerisations, it was decided that banks will capture at least 60 per cent of the data on their assets and liabilities in the first year of implementation of ALM system.The Reserve Bank of India had
జన 01, 1999
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks:Quarterly Handout : Last Friday of September 1998
The "Banking Statistics : Quarterly Handout - September 1998" providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of September 1998, 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 group
The "Banking Statistics : Quarterly Handout - September 1998" providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of September 1998, 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 group
డిసెం 01, 1998
RBI appeal to IT payers
The Reserve Bank of India has advised income tax assessees to take advantage of paying advance income tax at branches of designated banks. For the convenience of income tax assessees, arrangements have been made for receipt of advance income tax at specified branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India. The designated branches of these banks have bee
The Reserve Bank of India has advised income tax assessees to take advantage of paying advance income tax at branches of designated banks. For the convenience of income tax assessees, arrangements have been made for receipt of advance income tax at specified branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India. The designated branches of these banks have bee
నవం 05, 1998
Facility to operate bank account by old/sick/incapacitated customers
The Reserve Bank of India has prescribed a procedure which banks can follow to enable the old/sick/incapacitated account holders to operate their bank accounts. In a circular issued recently, the Reserve Bank has identified two categories of sick/old/incapacitated customers. One, who is too ill to sign a cheque/cannot be physically present in the bank to withdraw money from his bank account but can put his/her thumb impression on the cheque/withdrawal form; and the ot
The Reserve Bank of India has prescribed a procedure which banks can follow to enable the old/sick/incapacitated account holders to operate their bank accounts. In a circular issued recently, the Reserve Bank has identified two categories of sick/old/incapacitated customers. One, who is too ill to sign a cheque/cannot be physically present in the bank to withdraw money from his bank account but can put his/her thumb impression on the cheque/withdrawal form; and the ot
అక్టో 31, 1998
RBI sets up a Working Group of Bankers to improve delivery systems and simplify procedure for provision of credit and other facilities to exporters
The Reserve Bank of India today announced the decision to set up a Working Group under the chairmanship of Shri V.Subrahmanyam, currently Executive Director, Reserve Bank of India in order to improve the procedures for credit delivery, to review facilities available to exporters and suggest improvements. The other members of the Group are: Sr.No. Name Designation Name of Bank 1. Shri H.Lal Chief General Manager State Bank of India 2. Shri A.K.S.Rao General Manager Can
The Reserve Bank of India today announced the decision to set up a Working Group under the chairmanship of Shri V.Subrahmanyam, currently Executive Director, Reserve Bank of India in order to improve the procedures for credit delivery, to review facilities available to exporters and suggest improvements. The other members of the Group are: Sr.No. Name Designation Name of Bank 1. Shri H.Lal Chief General Manager State Bank of India 2. Shri A.K.S.Rao General Manager Can
అక్టో 06, 1998
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks: Quarterly Handout : Last Friday of June 1998
The 'Banking Statistics : Quarterly Handout - June 1998'providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of June 1998, 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 returns. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. 2 The t
The 'Banking Statistics : Quarterly Handout - June 1998'providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of June 1998, 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 returns. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. 2 The t
అక్టో 03, 1998
Credit Cards : Additional Facility for NRIs
As a convenience to non-resident Indians (NRIs), the Reserve Bank of India has removed all restrictions on NRIs nominating their relatives or other resident Indians as additional credit card holders against their own foreign currency accounts held overseas. Any NRI can now have an additional credit card issued for a resident of India, payment for which can be made against his foreign currency account held abroad. General permission to this effect is being issued by th
As a convenience to non-resident Indians (NRIs), the Reserve Bank of India has removed all restrictions on NRIs nominating their relatives or other resident Indians as additional credit card holders against their own foreign currency accounts held overseas. Any NRI can now have an additional credit card issued for a resident of India, payment for which can be made against his foreign currency account held abroad. General permission to this effect is being issued by th
సెప్టెం 10, 1998
Asset - Liability Management (ALM) System (Part 1 of 4)
RESERVE BANK OF INDIA CENTRAL OFFICE DEPARTMENT OF BANKING OPERATIONS & DEVELOPMENT CENTRE -1, WORLD TRADE CENTRE, CUFFE PARADE, COLABA, MUMBAI-400 005. Telegrams : 'BANKCHALAN' Mumbai Telephone : 2189131-39 Telex No. : 011-86135 Post Box No. : 6089 Fax No. : 0091-22-2183785 0091-22-2188770 Please quote in replay 19 Ref. : DBOD No. .................... 19 . (Sake) DBQD. No. BP. BC.94 /21.04.098 / 98 September 10, 1998 To All Scheduled Commercial Banks (excluding R
RESERVE BANK OF INDIA CENTRAL OFFICE DEPARTMENT OF BANKING OPERATIONS & DEVELOPMENT CENTRE -1, WORLD TRADE CENTRE, CUFFE PARADE, COLABA, MUMBAI-400 005. Telegrams : 'BANKCHALAN' Mumbai Telephone : 2189131-39 Telex No. : 011-86135 Post Box No. : 6089 Fax No. : 0091-22-2183785 0091-22-2188770 Please quote in replay 19 Ref. : DBOD No. .................... 19 . (Sake) DBQD. No. BP. BC.94 /21.04.098 / 98 September 10, 1998 To All Scheduled Commercial Banks (excluding R
సెప్టెం 10, 1998
ALM - Guidelines (Part 2 of 4)
Over the last few years the Indian financial markets have witnessed wide ranging changes at fast pace. Intense competition for business involving both the assets and liabilities, together with increasing volatility in the domestic interest rates as well as foreign exchange rates, has brought pressure on the management of banks to maintain a good balance among spreads, profitability and long-term viability. These pressures call for structured and comprehensive measures
Over the last few years the Indian financial markets have witnessed wide ranging changes at fast pace. Intense competition for business involving both the assets and liabilities, together with increasing volatility in the domestic interest rates as well as foreign exchange rates, has brought pressure on the management of banks to maintain a good balance among spreads, profitability and long-term viability. These pressures call for structured and comprehensive measures
సెప్టెం 10, 1998
ALM - Principles for the Management of Interest Rate Risk (Part 3 of 4)
SUMMARY 1. As part of its on-going efforts to address international bank supervisory issues, the Basle Committee on Banking Supervision1 is issuing the attached paper on the management of interest rate risk. In this, as in many other areas, sound controls are of crucial importance. It is essential that banks have a comprehensive risk management process in place that effectively identifies, measures, monitors and controls interest rate risk exposures, and that is subje
SUMMARY 1. As part of its on-going efforts to address international bank supervisory issues, the Basle Committee on Banking Supervision1 is issuing the attached paper on the management of interest rate risk. In this, as in many other areas, sound controls are of crucial importance. It is essential that banks have a comprehensive risk management process in place that effectively identifies, measures, monitors and controls interest rate risk exposures, and that is subje
సెప్టెం 10, 1998
ALM - A Framework for Measuring and Managing Liquidity (Part 4 of 4)
(September 1992) In its work on the supervision of liquidity, the Basle Committee has focused on developing a greater understanding of the way in which international banks manage their liquidity on a global basis, on the premise that supervision of liquidity is particularly effective if based on a dialogue between bank and supervisor. This paper brings together practice and techniques currently employed by major international banks in a single analytical framework. Wh
(September 1992) In its work on the supervision of liquidity, the Basle Committee has focused on developing a greater understanding of the way in which international banks manage their liquidity on a global basis, on the premise that supervision of liquidity is particularly effective if based on a dialogue between bank and supervisor. This paper brings together practice and techniques currently employed by major international banks in a single analytical framework. Wh
ఆగ 28, 1998
Bank Finance against shares and debentures
DBOD No. ........ Dir.BC.90/13.07.05/98 28 August 1998 6 Bhadra 1920 (Saka) All commercial banks Dear Sir, Bank Finance against shares and debentures - Master Circular As you are aware the Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks in regard to advances against shares. To enable banks to have the current instructions at one place, a Master Circular containing al
DBOD No. ........ Dir.BC.90/13.07.05/98 28 August 1998 6 Bhadra 1920 (Saka) All commercial banks Dear Sir, Bank Finance against shares and debentures - Master Circular As you are aware the Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks in regard to advances against shares. To enable banks to have the current instructions at one place, a Master Circular containing al
జులై 03, 1998
Aggregate deposits and gross bank credit of all scheduled commercial banks as on the last Friday of March 1998
The 'Banking Statistics : Quarterly Handout - March 1998' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on the last Friday of March 1998, with various classifications, has been published by the Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 returns. Data have been presented according to top hundred centres, population groups, districts, states and bank grou
The 'Banking Statistics : Quarterly Handout - March 1998' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on the last Friday of March 1998, with various classifications, has been published by the Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 returns. Data have been presented according to top hundred centres, population groups, districts, states and bank grou
జూన్ 16, 1998
RBI Announces Repo Rate Cut
The Reserve bank of India has announced reduction in the repo rate by one percentage point from 6.0 per cent to 5.0 per cent effective Monday, June 15, 1998. P.T. Achuthan Manager Press Release : 1997-98/1206
The Reserve bank of India has announced reduction in the repo rate by one percentage point from 6.0 per cent to 5.0 per cent effective Monday, June 15, 1998. P.T. Achuthan Manager Press Release : 1997-98/1206
జూన్ 13, 1998
RBI Announces Repo Rate Cut
The Reserve bank of India has announced reduction in the repo rate by one percentage point from 6.0 per cent to 5.0 per cent effective Monday, June 15, 1998. P.T. Achuthan Manager Press Release : 1997-98/1206
The Reserve bank of India has announced reduction in the repo rate by one percentage point from 6.0 per cent to 5.0 per cent effective Monday, June 15, 1998. P.T. Achuthan Manager Press Release : 1997-98/1206
మే 28, 1998
Khan Working Group submits Full Report
The Khan Working Group on harmonising the Role of develop- ment financial institutions (DFIs) and banks submitted its full report to the Governor, Reserve Bank of India yesterday. The Working Group had already submitted the summary of its recommen- dations on April 24. The full report contains, besides the sum- mary of recommendations, a historical perspective of banks and DFIs in India, international experience and best practices in financial industry and regulatory
The Khan Working Group on harmonising the Role of develop- ment financial institutions (DFIs) and banks submitted its full report to the Governor, Reserve Bank of India yesterday. The Working Group had already submitted the summary of its recommen- dations on April 24. The full report contains, besides the sum- mary of recommendations, a historical perspective of banks and DFIs in India, international experience and best practices in financial industry and regulatory
మే 12, 1998
RBI allows two new foreign banks to open branches in India
The Reserve Bank of India has permitted two new foreign banks to open a branch each in India viz. Morgan Guaranty Trust Company of New York, USA a banking subsidiary of JP Morgan & Co. USA and Kredietbank N.V. of Belgium. Both the banks will open their respective branches in Mumbai.</p> (Alpana Killawala) General Manager Press Release : 1997-98/1069
The Reserve Bank of India has permitted two new foreign banks to open a branch each in India viz. Morgan Guaranty Trust Company of New York, USA a banking subsidiary of JP Morgan & Co. USA and Kredietbank N.V. of Belgium. Both the banks will open their respective branches in Mumbai.</p> (Alpana Killawala) General Manager Press Release : 1997-98/1069
ఏప్రి 24, 1998
Summary Recommendations of The Working Group set up by RBI
Significant changes suggested in role and operations of DFIs Sweeping changes proposed with regard to State-level Institutions Enabling changes proposed in regulatory/supervisory framework Substantive content of harmonisation between DFIs and Banks spelt out The Summary Recommendations of the Report of the Working Group for Harmonising the Role and Operations of DFIs and Banks was submitted by Shri S.H. Khan, CMD, IDBI and Chairman of the Working Group to the Governor
Significant changes suggested in role and operations of DFIs Sweeping changes proposed with regard to State-level Institutions Enabling changes proposed in regulatory/supervisory framework Substantive content of harmonisation between DFIs and Banks spelt out The Summary Recommendations of the Report of the Working Group for Harmonising the Role and Operations of DFIs and Banks was submitted by Shri S.H. Khan, CMD, IDBI and Chairman of the Working Group to the Governor
ఏప్రి 02, 1998
RBI reduces Bank Rate to 10%
The Reserve Bank of India has reduced the Bank Rate by one half of one percentage point, i.e. from `10.5 per cent per annum' to `10.0 per cent per annum' with effect from the close of business on April 2, 1998. (Alpana Killawala) General Manager Press Release : 1997-98/923
The Reserve Bank of India has reduced the Bank Rate by one half of one percentage point, i.e. from `10.5 per cent per annum' to `10.0 per cent per annum' with effect from the close of business on April 2, 1998. (Alpana Killawala) General Manager Press Release : 1997-98/923
మార్చి 23, 1998
RBI reduces CRR
The Reserve Bank of India has decided to reduce the cash reserve ratio (CRR) by 0.50 percentage point in two phases. Consequently, the CRR stipulation which is currently at 10.5 per cent will be reduced to 10.0 per cent in two phases of 0.25 percentage point each effective March 28 and April 11, 1998. (Alpana Killawala) General Manager Press Release : 1997-98/876 Cash Reserve Ratio Under Section 42(1) of the Reserve Bank of India Act, 1934, all scheduled commercial ba
The Reserve Bank of India has decided to reduce the cash reserve ratio (CRR) by 0.50 percentage point in two phases. Consequently, the CRR stipulation which is currently at 10.5 per cent will be reduced to 10.0 per cent in two phases of 0.25 percentage point each effective March 28 and April 11, 1998. (Alpana Killawala) General Manager Press Release : 1997-98/876 Cash Reserve Ratio Under Section 42(1) of the Reserve Bank of India Act, 1934, all scheduled commercial ba
భారతీయ రిజర్వ్ బ్యాంక్ మొబైల్ అప్లికేషన్ను ఇన్స్టాల్ చేయండి మరియు తాజా వార్తలకు త్వరిత యాక్సెస్ పొందండి!
పేజీ చివరిగా అప్డేట్ చేయబడిన తేదీ: జూన్ 02, 2025
