Press Releases - RBI - Reserve Bank of India
Press Releases
Jan 01, 2018
Cessation of 8 per cent GoI Savings (Taxable) Bonds, 2003
The Government of India (GoI), vide Notification No.F.4(10)-W&M/2003 dated January 01, 2018, hereby announces that 8% GoI Savings (Taxable) Bonds, 2003 shall cease for subscription with effect from the close of banking business on Tuesday, the 02nd January, 2018. Ajit Prasad Assistant Adviser Press Release : 2017-2018/1790
The Government of India (GoI), vide Notification No.F.4(10)-W&M/2003 dated January 01, 2018, hereby announces that 8% GoI Savings (Taxable) Bonds, 2003 shall cease for subscription with effect from the close of banking business on Tuesday, the 02nd January, 2018. Ajit Prasad Assistant Adviser Press Release : 2017-2018/1790
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Dec 22, 2017
RBI Clarification on Banks under Prompt Corrective Action
The Reserve Bank of India has come across some misinformed communication circulating in some section of media including social media, about closure of some Public Sector Banks in the wake of their being placed under the Prompt Corrective Action (PCA) framework. In this context attention is drawn to the press release issued on June 5, 2017, which stated as under: “The Reserve Bank has clarified that the PCA framework is not intended to constrain normal operations of th
The Reserve Bank of India has come across some misinformed communication circulating in some section of media including social media, about closure of some Public Sector Banks in the wake of their being placed under the Prompt Corrective Action (PCA) framework. In this context attention is drawn to the press release issued on June 5, 2017, which stated as under: “The Reserve Bank has clarified that the PCA framework is not intended to constrain normal operations of th
Dec 21, 2017
Primary (Urban) Co-operative Banks’ Outlook 2016-17
The Reserve Bank of India today herewith releases the 4th volume of the annual publication titled ‘Primary (Urban) Co-operative Banks’ Outlook 2016-17’. It can be accessed at https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications. The publication has been brought out by the ‘Department of Co-operative Bank Supervision’ of the Reserve Bank of India. The publication covers the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks for the
The Reserve Bank of India today herewith releases the 4th volume of the annual publication titled ‘Primary (Urban) Co-operative Banks’ Outlook 2016-17’. It can be accessed at https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications. The publication has been brought out by the ‘Department of Co-operative Bank Supervision’ of the Reserve Bank of India. The publication covers the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks for the
Dec 20, 2017
Composition and Ownership Pattern of Deposits with Scheduled Commercial Banks (SCBs) - March 31, 2017
Today, the Reserve Bank released data on composition and ownership pattern of deposits with scheduled commercial banks (SCBs) as on March 31, 2017. The population group classification of centres where bank branches/ offices are located is based on Census 2011. Also, the two small finance banks (SFBs), added to the Second Schedule of the Reserve Bank of India Act 1934 in February 2017 have been covered in this data release. Highlights: Households’ share in total deposi
Today, the Reserve Bank released data on composition and ownership pattern of deposits with scheduled commercial banks (SCBs) as on March 31, 2017. The population group classification of centres where bank branches/ offices are located is based on Census 2011. Also, the two small finance banks (SFBs), added to the Second Schedule of the Reserve Bank of India Act 1934 in February 2017 have been covered in this data release. Highlights: Households’ share in total deposi
Dec 18, 2017
Marginal Cost of Funds Based Lending Rate (MCLR) for the month of November 2017
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of November 2017. Ajit Prasad Assistant Adviser Press Release: 2017-2018/1665
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of November 2017. Ajit Prasad Assistant Adviser Press Release: 2017-2018/1665
Dec 15, 2017
Reserve Bank of India imposes monetary penalty on Syndicate Bank
The Reserve Bank of India (RBI) has imposed, on December 12, 2017, a monetary penalty of ₹ 50 million on Syndicate Bank (the bank) for non-compliance with the directions/guidelines issued by RBI on cheque purchase/discounting, bill discounting, and Know Your Customer (KYC)/Anti-Money Laundering (AML) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Ac
The Reserve Bank of India (RBI) has imposed, on December 12, 2017, a monetary penalty of ₹ 50 million on Syndicate Bank (the bank) for non-compliance with the directions/guidelines issued by RBI on cheque purchase/discounting, bill discounting, and Know Your Customer (KYC)/Anti-Money Laundering (AML) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Ac
Dec 14, 2017
RBI imposes Monetary Penalty on M/s Radhakrishna Finance Pvt. Ltd
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1 lakh on M/s Radhakrishna Finance Pvt. Ltd. (the company) under Section 58G(1)(b) read with Sub-section 5(aa) of section 58B of the RBI Act, 1934 for violation of various directions/orders issued by Reserve Bank of India from time to time. Background A scrutiny of the company under section 45N of Reserve Bank of India Act, 1934 (the RBI Act, 1934) with reference to its financial position as on March 3
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1 lakh on M/s Radhakrishna Finance Pvt. Ltd. (the company) under Section 58G(1)(b) read with Sub-section 5(aa) of section 58B of the RBI Act, 1934 for violation of various directions/orders issued by Reserve Bank of India from time to time. Background A scrutiny of the company under section 45N of Reserve Bank of India Act, 1934 (the RBI Act, 1934) with reference to its financial position as on March 3
Dec 13, 2017
Reserve Bank of India imposes monetary penalty on IndusInd Bank Limited
The Reserve Bank of India (RBI) has imposed on December 12, 2017, a monetary penalty of ₹ 30 million on IndusInd Bank Limited (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and contravention of regulatory restrictions pertaining to non-fund based (NFB) facilities. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4
The Reserve Bank of India (RBI) has imposed on December 12, 2017, a monetary penalty of ₹ 30 million on IndusInd Bank Limited (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and contravention of regulatory restrictions pertaining to non-fund based (NFB) facilities. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4
Dec 11, 2017
Professor Vijay Joshi, Emeritus Fellow, Merton College, Oxford, delivers the Fifteenth L. K. Jha Memorial Lecture titled ‘India’s Economic Reforms: Reflections on the Unfinished Agenda
The Reserve Bank of India hosted the fifteenth L.K. Jha Memorial Lecture on December 11, 2017 in Mumbai. The lecture was delivered by Professor Vijay Joshi, Emeritus Fellow, Merton College, Oxford. Governor Dr. Urjit R. Patel welcomed the guests and highlighted the significance of the L.K. Jha Memorial Lecture series instituted by the Reserve Bank of India in 1990. Prof. Vijay Joshi has written several books on India, including India’s Long Road: The Search for Prospe
The Reserve Bank of India hosted the fifteenth L.K. Jha Memorial Lecture on December 11, 2017 in Mumbai. The lecture was delivered by Professor Vijay Joshi, Emeritus Fellow, Merton College, Oxford. Governor Dr. Urjit R. Patel welcomed the guests and highlighted the significance of the L.K. Jha Memorial Lecture series instituted by the Reserve Bank of India in 1990. Prof. Vijay Joshi has written several books on India, including India’s Long Road: The Search for Prospe
Dec 11, 2017
RBI penalised The A P Mahajan’s Co-operative Urban Bank Ltd., Hyderabad, Telangana
The Reserve Bank of India has imposed a monetary penalty of ₹ 0.50 lakh (Rupees Fifty thousand only) on The A P Mahajan’s Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the powers vested in it under the provisions of Section 47A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Reserve Bank of India directives and guidelines on Exposure Norms and Statutory/Other Restrict
The Reserve Bank of India has imposed a monetary penalty of ₹ 0.50 lakh (Rupees Fifty thousand only) on The A P Mahajan’s Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the powers vested in it under the provisions of Section 47A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Reserve Bank of India directives and guidelines on Exposure Norms and Statutory/Other Restrict
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Page Last Updated on: January 23, 2025
