Press Releases - RBI - Reserve Bank of India
Press Releases
Aug 30, 2016
Fifth Tranche of Sovereign Gold Bonds to open on September 01, 2016
The Reserve Bank of India, in consultation with the Government of India, has decided to issue fifth tranche of Sovereign Gold Bonds. Applications for the bond will be accepted from September 01, 2016 to September 09, 2016. The Bonds will be issued on September 23, 2016. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges viz., National Stock Exchange of India Limited and Bomb
The Reserve Bank of India, in consultation with the Government of India, has decided to issue fifth tranche of Sovereign Gold Bonds. Applications for the bond will be accepted from September 01, 2016 to September 09, 2016. The Bonds will be issued on September 23, 2016. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges viz., National Stock Exchange of India Limited and Bomb
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Aug 30, 2016
Sovereign Gold Bonds Scheme, 2016 -17 - Series II - Issue Price
In terms of GoI notification F.No. 4(7)-W&M/2016 and RBI circular IDMD.CDD. No.462/14.04.050/2016-17 dated August 29, 2016, the Sovereign Gold Bond Scheme will be open for subscription for the period from September 01 to 09, 2016. The issue price of the Sovereign Gold Bond for this tranche has been fixed at ₹ 3150/- (Rupees Three Thousand One Hundred Fifty only) per gram of gold. The rate has been fixed on the basis of simple average of closing price for gold of 9
In terms of GoI notification F.No. 4(7)-W&M/2016 and RBI circular IDMD.CDD. No.462/14.04.050/2016-17 dated August 29, 2016, the Sovereign Gold Bond Scheme will be open for subscription for the period from September 01 to 09, 2016. The issue price of the Sovereign Gold Bond for this tranche has been fixed at ₹ 3150/- (Rupees Three Thousand One Hundred Fifty only) per gram of gold. The rate has been fixed on the basis of simple average of closing price for gold of 9
Aug 30, 2016
Authorisation to operate as a Bharat Bill Payment Operating Unit (BBPOU)
The Reserve Bank of India advises that the applications received from banks and non-banks for authorisation to operate as a BBPOU have been processed and decisions on approval or grant of extension of time till December 31, 2016 for achievement of net worth or return of the application, as applicable, have been communicated to these entities. Non-bank entities whose applications were returned for want of one year domain experience at the time of applying, can seek ext
The Reserve Bank of India advises that the applications received from banks and non-banks for authorisation to operate as a BBPOU have been processed and decisions on approval or grant of extension of time till December 31, 2016 for achievement of net worth or return of the application, as applicable, have been communicated to these entities. Non-bank entities whose applications were returned for want of one year domain experience at the time of applying, can seek ext
Aug 26, 2016
RBI’s College of Agricultural Banking announces Results of Case Writing Competition, 2016
The Reserve Bank of India’s College of Agricultural Banking, Pune announced the results of the Case Writing Competition, 2016. Position Name of the Participant Designation Bank First Ms. Mauli Sanjiv Bodiwala Manager The Kalupur Commercial Co-operative Bank Ltd. Second Mr. Vineet Kumar Jain Senior Manager Bank of Baroda Third Mr. Supriya Saha Assistant Manager Bangiya Gramin Vikash Bank The College had in February 2016, organised a Case Writing Competition on the topi
The Reserve Bank of India’s College of Agricultural Banking, Pune announced the results of the Case Writing Competition, 2016. Position Name of the Participant Designation Bank First Ms. Mauli Sanjiv Bodiwala Manager The Kalupur Commercial Co-operative Bank Ltd. Second Mr. Vineet Kumar Jain Senior Manager Bank of Baroda Third Mr. Supriya Saha Assistant Manager Bangiya Gramin Vikash Bank The College had in February 2016, organised a Case Writing Competition on the topi
Aug 26, 2016
Tradability of Sovereign Gold Bonds, 2016
(Issued on February 8, 2016 and March 29, 2016) Sovereign Gold Bond Scheme, 2016; and Sovereign Gold Bond Scheme 2016 – Series II were announced by the Government of India vide notifications dated January 14, 2016 and March 04, 2016, respectively. In terms of Para 17 of the Scheme, it is notified that the Sovereign Gold Bonds (issued on February 8, 2016 and March 29, 2016, respectively) held in dematerialised form shall be eligible for trading on the stock exchanges r
(Issued on February 8, 2016 and March 29, 2016) Sovereign Gold Bond Scheme, 2016; and Sovereign Gold Bond Scheme 2016 – Series II were announced by the Government of India vide notifications dated January 14, 2016 and March 04, 2016, respectively. In terms of Para 17 of the Scheme, it is notified that the Sovereign Gold Bonds (issued on February 8, 2016 and March 29, 2016, respectively) held in dematerialised form shall be eligible for trading on the stock exchanges r
Aug 25, 2016
RBI identifies SBI and ICICI Bank as D-SIBs in 2016
The Reserve Bank of India has identified State Bank of India (SBI) and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) in 2016 and has retained their bucketing structure as it was last year. The additional Common Equity Tier 1 (CET1) requirement for these banks has already been phased-in from April 1, 2016 and would become fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital conservation buffer. The update
The Reserve Bank of India has identified State Bank of India (SBI) and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) in 2016 and has retained their bucketing structure as it was last year. The additional Common Equity Tier 1 (CET1) requirement for these banks has already been phased-in from April 1, 2016 and would become fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital conservation buffer. The update
Aug 25, 2016
RBI issues Master Directions for Non-Banking Financial Companies
The Reserve Bank of India today issued Master Directions on six subjects relating to Non-Banking Financial Companies (NBFCs) under its regulation. These directions consolidate/reorganise instructions issued in various Circulars/Directions/ Notifications/Master Circulars. The six Master Directions replace instructions contained in existing Master Circulars. The subjects on which Master Directions have been issued are: Exemptions from the provisions of RBI Act, 1934, vi
The Reserve Bank of India today issued Master Directions on six subjects relating to Non-Banking Financial Companies (NBFCs) under its regulation. These directions consolidate/reorganise instructions issued in various Circulars/Directions/ Notifications/Master Circulars. The six Master Directions replace instructions contained in existing Master Circulars. The subjects on which Master Directions have been issued are: Exemptions from the provisions of RBI Act, 1934, vi
Aug 24, 2016
RBI extends Directions issued to Rupee Co-operative Bank Ltd., Pune till February 21, 2017
The Reserve Bank of India vide directive dated August 18, 2016 has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from August 22, 2016 to February 21, 2017 subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on five occasions for a period of six months each and twice for a period of three months each. The last extension was for a period o
The Reserve Bank of India vide directive dated August 18, 2016 has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from August 22, 2016 to February 21, 2017 subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on five occasions for a period of six months each and twice for a period of three months each. The last extension was for a period o
Aug 16, 2016
RBI issues Directions to The R.S. Co-op. Bank Ltd., Mumbai, Maharashtra- Relaxation in payment of deposit
The Reserve Bank of India notified that The R.S. Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 24, 2015. The validity of the directions was extended for a further period of six months and three months each vide directives dated December 21, 2015 and June 22, 2016 respectively and the same is valid upto September 25, 2016. In terms of the existing directions, among other conditions, a sum not exc
The Reserve Bank of India notified that The R.S. Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 24, 2015. The validity of the directions was extended for a further period of six months and three months each vide directives dated December 21, 2015 and June 22, 2016 respectively and the same is valid upto September 25, 2016. In terms of the existing directions, among other conditions, a sum not exc
Aug 16, 2016
RBI Imposes Monetary Penalty on The Cooperative City Bank Ltd., Guwahati
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on The Cooperative City Bank Ltd., Guwahati. In exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies), for violation of the provisions of para 4 (i) of circular UBD.DS.PCB.No.17/13.01.00/2002-03 dated September 18, 2002 on Guidelines on Know Your Custom
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on The Cooperative City Bank Ltd., Guwahati. In exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies), for violation of the provisions of para 4 (i) of circular UBD.DS.PCB.No.17/13.01.00/2002-03 dated September 18, 2002 on Guidelines on Know Your Custom
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