Press Releases - RBI - Reserve Bank of India
Press Releases
Jun 09, 2017
Sovereign Gold Bond – Dematerialisation
The Reserve Bank of India, in consultation with the Government of India, has issued eight tranches of Sovereign Gold Bonds for a total value of ₹ 5400 crore till date. Investors in these bonds have been provided with the option of holding them in physical or dematerialized form. The requests for dematerialization have largely been processed successfully. A set of records, however, could not be processed for various reasons such as mismatches in names and PAN numbers,
The Reserve Bank of India, in consultation with the Government of India, has issued eight tranches of Sovereign Gold Bonds for a total value of ₹ 5400 crore till date. Investors in these bonds have been provided with the option of holding them in physical or dematerialized form. The requests for dematerialization have largely been processed successfully. A set of records, however, could not be processed for various reasons such as mismatches in names and PAN numbers,
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Jun 06, 2017
Marginal Cost of Funds Based Lending Rate (MCLR) for the month of May 2017
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2017. Ajit Prasad Assistant Adviser Press Release: 2016-2017/3297
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2017. Ajit Prasad Assistant Adviser Press Release: 2016-2017/3297
Jun 05, 2017
RBI imposed penalty on the Jalore Nagrik Sahakari Bank Limited, Jalore
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (₹ Five lakh only) on the Jalore Nagrik Sahakari Bank Limited, Jalore, in exercise of powers vested in it under the provisions of Section 47 A (1) (c) read with 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI instructions / guidelines relating to (i) breach of prudential interbank single and gross exposure limit and (ii) giving donation ex
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (₹ Five lakh only) on the Jalore Nagrik Sahakari Bank Limited, Jalore, in exercise of powers vested in it under the provisions of Section 47 A (1) (c) read with 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI instructions / guidelines relating to (i) breach of prudential interbank single and gross exposure limit and (ii) giving donation ex
Jun 05, 2017
Financial Literacy Week (June 5- 9, 2017)
Financial Literacy is the first step towards financial prosperity. Financial literacy empowers the common man with knowledge which enables better financial decision making and ultimately financial well-being. In order to create awareness at a large scale on key topics every year, Reserve Bank of India (RBI) has decided to observe one week in a year as ‘Financial Literacy Week’. RBI this year, across the States, will observe June 5 to 9 as the Financial Literacy Week.
Financial Literacy is the first step towards financial prosperity. Financial literacy empowers the common man with knowledge which enables better financial decision making and ultimately financial well-being. In order to create awareness at a large scale on key topics every year, Reserve Bank of India (RBI) has decided to observe one week in a year as ‘Financial Literacy Week’. RBI this year, across the States, will observe June 5 to 9 as the Financial Literacy Week.
Jun 02, 2017
Financial Literacy Quiz
To emphasize the importance of financial literacy, the Reserve Bank of India is observing June 5-9, 2017 as Financial Literacy Week across the country. The Week will focus on four broad themes, viz. Know Your Customer (KYC), Exercising Credit Discipline, Grievance Redress and Going Digital (UPI and *99#). During this week, the Financial Literacy Centres (FLCs) and rural branches will conduct special camps and all bank branches in the country will display posters on th
To emphasize the importance of financial literacy, the Reserve Bank of India is observing June 5-9, 2017 as Financial Literacy Week across the country. The Week will focus on four broad themes, viz. Know Your Customer (KYC), Exercising Credit Discipline, Grievance Redress and Going Digital (UPI and *99#). During this week, the Financial Literacy Centres (FLCs) and rural branches will conduct special camps and all bank branches in the country will display posters on th
Jun 01, 2017
RBI appoints Shri S. Ganesh Kumar as New Executive Director
The Reserve Bank of India has appointed Shri S. Ganesh Kumar as Executive Director (ED) consequent upon voluntary retirement of Shri Chandan Sinha on May 31, 2017. Shri S. Ganesh Kumar has taken charge today. As Executive Director, Shri Ganesh Kumar will look after Department of Information Technology, Department of Payment and Settlement Systems and Department of External Investments and Operations. Shri Ganesh Kumar has done Masters in Business Administration from C
The Reserve Bank of India has appointed Shri S. Ganesh Kumar as Executive Director (ED) consequent upon voluntary retirement of Shri Chandan Sinha on May 31, 2017. Shri S. Ganesh Kumar has taken charge today. As Executive Director, Shri Ganesh Kumar will look after Department of Information Technology, Department of Payment and Settlement Systems and Department of External Investments and Operations. Shri Ganesh Kumar has done Masters in Business Administration from C
Jun 01, 2017
RBI cancels the Licence of the Jamkhed Merchants Co-operative Bank Maryadit, Jamkhed, Dist. Ahmednagar, Maharashtra
The Reserve Bank of India (RBI) has cancelled the licence of Jamkhed Merchants Co-operative Bank Maryadit., Jamkhed, Dist Ahmednagar, Maharashtra. The order was made effective from the close of business on June 01, 2017. The Registrar of Co-operative Societies, Maharashtra, has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: The bank did not comply with the provisions und
The Reserve Bank of India (RBI) has cancelled the licence of Jamkhed Merchants Co-operative Bank Maryadit., Jamkhed, Dist Ahmednagar, Maharashtra. The order was made effective from the close of business on June 01, 2017. The Registrar of Co-operative Societies, Maharashtra, has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: The bank did not comply with the provisions und
May 30, 2017
Issue of Re. 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 paper composition of One Rupee Currency Note as indicated in the Notification No G.S.R. 516(E) dated May 25, 2017 by the Min
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 paper composition of One Rupee Currency Note as indicated in the Notification No G.S.R. 516(E) dated May 25, 2017 by the Min
May 29, 2017
Issue of coins to commemorate the occasion of "60 years of the Parliament of India"
The Reserve Bank of India will shortly put into circulation the following coins of ` 5 and 10 denominations, which shall conform to the following dimension, design and compositions, namely- DENOMINATION SHAPE AND OUTSIDE DIAMETER NUMBER OF SERRATIONS METAL COMPOSITION Five Rupees Circular 23 millimeters 100 Nickel Brass Copper -75% Zinc-20% Nickel- 5% Ten Rupees Circular 27 millimeters (Bi-metallic) --------------- Outer Ring (Aluminum Bronze) Copper-92% Aluminium-6%
The Reserve Bank of India will shortly put into circulation the following coins of ` 5 and 10 denominations, which shall conform to the following dimension, design and compositions, namely- DENOMINATION SHAPE AND OUTSIDE DIAMETER NUMBER OF SERRATIONS METAL COMPOSITION Five Rupees Circular 23 millimeters 100 Nickel Brass Copper -75% Zinc-20% Nickel- 5% Ten Rupees Circular 27 millimeters (Bi-metallic) --------------- Outer Ring (Aluminum Bronze) Copper-92% Aluminium-6%
May 29, 2017
Issue of new Commemorative Circulation Coin of Rs.10/- denomination (bi-metallic) on the occasion of "HOMI BHABHA BIRTH CENTENARY YEAR"
The Reserve Bank of India will shortly put into circulation new commemorative circulation coins of Rs.10/- denomination (bi-metallic) issued by Government of India on the occasion of " HOMI BHABHA BIRTH CENTENARY YEAR". Shape and outside diameter Metal composition Circular 27 mm (Bi-metallic) Outer Ring (Aluminium Bronze) Copper – 92% Zinc - 6% Nickel - 2% Centre Piece (Cupro Nickel) Copper - 75% Nickel - 25% Design: Obverse : The face of coin shall bear the Lion Capi
The Reserve Bank of India will shortly put into circulation new commemorative circulation coins of Rs.10/- denomination (bi-metallic) issued by Government of India on the occasion of " HOMI BHABHA BIRTH CENTENARY YEAR". Shape and outside diameter Metal composition Circular 27 mm (Bi-metallic) Outer Ring (Aluminium Bronze) Copper – 92% Zinc - 6% Nickel - 2% Centre Piece (Cupro Nickel) Copper - 75% Nickel - 25% Design: Obverse : The face of coin shall bear the Lion Capi
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