Press Releases - Regulating Commercial Banking - RBI - Reserve Bank of India
Press Releases
Mar 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
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Feb 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
Jan 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
Jan 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
Dec 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
Dec 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
Dec 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
Nov 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
Oct 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
Oct 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
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