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مارچ 29, 2016
RBI cancels Certificate of Registration of 22 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 22 (twenty two) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Following the cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 22 (twenty two) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Following the cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank
مارچ 29, 2016
Issue of ₹ 1 denomination currency notes with Rupee symbol (₹) and the inset letter ‘L’
The Reserve Bank of India will soon put into circulation currency notes in one rupee denomination. The notes have been printed by the Government of India. These currency notes are legal tender as provided in The Coinage Act 2011. The existing currency notes in this denomination in circulation will also continue to be legal tender. Dimensions and composition of One Rupee Currency Note as indicated in the Notification No G.S.R. 192(E) dated February 22, 2016 by the Mini
The Reserve Bank of India will soon put into circulation currency notes in one rupee denomination. The notes have been printed by the Government of India. These currency notes are legal tender as provided in The Coinage Act 2011. The existing currency notes in this denomination in circulation will also continue to be legal tender. Dimensions and composition of One Rupee Currency Note as indicated in the Notification No G.S.R. 192(E) dated February 22, 2016 by the Mini
مارچ 28, 2016
RBI extends Directions issued to Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra till September 29, 2016
The Reserve Bank of India notified that Shree Ganesh Sahakari Bank Ltd., Nashik was placed under directions for a period of six months vide directive dated April 01, 2013 under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive was extended five times for a period of six months each vide our directives dated September 23, 2013; March 27, 2014; September 17, 2014; March 19, 2015 and September 15, 2015 respectively. It is her
The Reserve Bank of India notified that Shree Ganesh Sahakari Bank Ltd., Nashik was placed under directions for a period of six months vide directive dated April 01, 2013 under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive was extended five times for a period of six months each vide our directives dated September 23, 2013; March 27, 2014; September 17, 2014; March 19, 2015 and September 15, 2015 respectively. It is her
مارچ 16, 2016
RBI cancels Certificate of Registration of 2 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following two non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Deep Capital Services Private Limited 402A, 4th Floor, Times Square Office, Near Pariseema Complex, C.G.
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following two non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Deep Capital Services Private Limited 402A, 4th Floor, Times Square Office, Near Pariseema Complex, C.G.
مارچ 14, 2016
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Issued on Date of cancellation 1. M/s Bhageriya Financial and Capital Services Limited Ground Floor, C-103, Siddhartha Harani Apart
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Issued on Date of cancellation 1. M/s Bhageriya Financial and Capital Services Limited Ground Floor, C-103, Siddhartha Harani Apart
مارچ 11, 2016
RBI extends Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh till September 11, 2016
The Reserve Bank of India has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from March 12, 2016 to September 11, 2016, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive has been modified / its validity extended vide RBI directives dated July 30
The Reserve Bank of India has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from March 12, 2016 to September 11, 2016, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive has been modified / its validity extended vide RBI directives dated July 30
مارچ 09, 2016
RBI extends Directions issued to Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra till September 09, 2016
The Reserve Bank of India notified that Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra, was placed under directions for a period of six months vide directive dated September 8, 2015 from the close of business on September 9, 2015. The validity of the directions is extended for a period of six months from the close of business on March 9, 2016 to September 9, 2016 vide directive dated March 03, 2016, subject to review and subject to the following modificati
The Reserve Bank of India notified that Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra, was placed under directions for a period of six months vide directive dated September 8, 2015 from the close of business on September 9, 2015. The validity of the directions is extended for a period of six months from the close of business on March 9, 2016 to September 9, 2016 vide directive dated March 03, 2016, subject to review and subject to the following modificati
مارچ 09, 2016
Monitoring of Foreign Investment under the PIS in Indian Companies - Removal from the Ban list - GDR/ADR/FDI/FIIs/RFPIs/NRIs/PIOs : M/s Kotak Mahindra Bank Ltd
The Reserve Bank of India has today notified that the aggregate share holdings by Global Depository Receipts (GDR)/American Depository Receipts (ADR)/Foreign Direct Investment (FDI)/Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme in M/s Kotak Mahindra Bank Ltd. has gone below the prescribed limit stipulated under the extant FDI policy. H
The Reserve Bank of India has today notified that the aggregate share holdings by Global Depository Receipts (GDR)/American Depository Receipts (ADR)/Foreign Direct Investment (FDI)/Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme in M/s Kotak Mahindra Bank Ltd. has gone below the prescribed limit stipulated under the extant FDI policy. H
مارچ 08, 2016
RBI signs Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Bank of Israel
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Israel. The MoU was signed by Dr Hedva Ber, Supervisor of banks on behalf of Bank of Israel and Mrs. Parvathy V. Sundaram, Chief General Manager-in-Charge, Department of Banking Supervision on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter for Supervisory Co-operat
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Israel. The MoU was signed by Dr Hedva Ber, Supervisor of banks on behalf of Bank of Israel and Mrs. Parvathy V. Sundaram, Chief General Manager-in-Charge, Department of Banking Supervision on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter for Supervisory Co-operat
مارچ 04, 2016
Government of India nominates Shri Natarajan Chandrasekaran, Shri Bharat Narotam Doshi and Shri Sudhir Mankad, on RBI Central Board
In exercise of the powers conferred by clause (c) of the sub-section (1) of Section 8 of the Reserve Bank of India Act, 1934, the Central Government has nominated Shri Natarajan Chandrasekaran, Shri Bharat Narotam Doshi and Shri Sudhir Mankad as directors on the Central Board of Directors of the Reserve Bank of India for a period of four years with effect from March 4, 2016 or until further orders, whichever is earlier. Ajit Prasad Assistant Adviser Press Release: 201
In exercise of the powers conferred by clause (c) of the sub-section (1) of Section 8 of the Reserve Bank of India Act, 1934, the Central Government has nominated Shri Natarajan Chandrasekaran, Shri Bharat Narotam Doshi and Shri Sudhir Mankad as directors on the Central Board of Directors of the Reserve Bank of India for a period of four years with effect from March 4, 2016 or until further orders, whichever is earlier. Ajit Prasad Assistant Adviser Press Release: 201

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