Press Releases - Regulating Commercial Banking - RBI - Reserve Bank of India
Press Releases
Jun 29, 2001
Directory of Commercial Bank Offices in India in CD-ROM (Vol.-1.0) - December - 2000
The Department of Statistical Analysis and Computer Services has brought out the "Directory of Commercial Bank Offices in India in CD-ROM, Volume-1.0" which presents details of branches of commercial bank offices in India as on December 31, 2000.The CD is query based and it works on multiple platforms, including Windows. Details of 67,784 branches/offices of commercial banks can be accessed through location route such as state, district, centre etc. as well as through
The Department of Statistical Analysis and Computer Services has brought out the "Directory of Commercial Bank Offices in India in CD-ROM, Volume-1.0" which presents details of branches of commercial bank offices in India as on December 31, 2000.The CD is query based and it works on multiple platforms, including Windows. Details of 67,784 branches/offices of commercial banks can be accessed through location route such as state, district, centre etc. as well as through
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May 11, 2001
Bank financing of Equities and Investments in Shares (Revised Guidelines)
In pursuance of the announcement made in October, 2000 in the Mid-term Review of the Monetary and Credit Policy for the year 2000-2001, the RBI-SEBI Technical Committee had reviewed the RBI guidelines set out in circular dated November 10, 2000 on banks investment in shares as also advances against shares and other connected exposures. Based on the feed back received from banks and market participants on the recommendations made by the Technical Committee and the dra
In pursuance of the announcement made in October, 2000 in the Mid-term Review of the Monetary and Credit Policy for the year 2000-2001, the RBI-SEBI Technical Committee had reviewed the RBI guidelines set out in circular dated November 10, 2000 on banks investment in shares as also advances against shares and other connected exposures. Based on the feed back received from banks and market participants on the recommendations made by the Technical Committee and the dra
Apr 10, 2001
Banks to process NPA Applications by September 30: RBI
The Reserve Bank of India has today advised all public sector banks that they should process all the applications for recovery of dues relating to non-performing assets received up to June 30, 2001 and decide on them not later than September 30, 2001. The Reserve Bank circular was issued to Chairmen and Managing Directors of all public sector banks, taking into account the views expressed by various industry/trade associations, individual borrowers, etc., as also by s
The Reserve Bank of India has today advised all public sector banks that they should process all the applications for recovery of dues relating to non-performing assets received up to June 30, 2001 and decide on them not later than September 30, 2001. The Reserve Bank circular was issued to Chairmen and Managing Directors of all public sector banks, taking into account the views expressed by various industry/trade associations, individual borrowers, etc., as also by s
Apr 09, 2001
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on Last Friday of December 2000
'Banking Statistics: Quarterly Handout – December 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of December 2000, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The
'Banking Statistics: Quarterly Handout – December 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of December 2000, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The
Apr 04, 2001
RBI extends Processing Time for Applications of NPA Recovery till June
The Reserve Bank of India has advised all public sector banks to take decision on the applications for settlement of non-performing assets (NPAs) by June 30, 2001. In a letter addressed to the chief executives of public sector banks, it has advised that they should speedily process all the applications received for settlement of non-performing assets (NPAs) upto March 31, 2001 and take decision on these by June 30, 2001. The Reserve Bank had issued guidelines for reco
The Reserve Bank of India has advised all public sector banks to take decision on the applications for settlement of non-performing assets (NPAs) by June 30, 2001. In a letter addressed to the chief executives of public sector banks, it has advised that they should speedily process all the applications received for settlement of non-performing assets (NPAs) upto March 31, 2001 and take decision on these by June 30, 2001. The Reserve Bank had issued guidelines for reco
Apr 03, 2001
Advisory Group on "Corporate Governance" submits report
The Standing Committee on International Financial Standards and Codes (Chairman: Dr. Y.V. Reddy) constituted the Advisory Group on Corporate Governance under the Chairmanship of Dr. R.H. Patil with Dr. V.V. Desai, Sarvashri Deepak M. Satwalekar, M.G. Bhide, Nandan Nilenkani and Rajendra P. Chitale as members to study the present status of applicability and relevance and compliance of international standards and codes of industrialised and emerging countries and sugges
The Standing Committee on International Financial Standards and Codes (Chairman: Dr. Y.V. Reddy) constituted the Advisory Group on Corporate Governance under the Chairmanship of Dr. R.H. Patil with Dr. V.V. Desai, Sarvashri Deepak M. Satwalekar, M.G. Bhide, Nandan Nilenkani and Rajendra P. Chitale as members to study the present status of applicability and relevance and compliance of international standards and codes of industrialised and emerging countries and sugges
Mar 09, 2001
Amalgamation of Bank of Madura Ltd. with ICICI Bank Ltd.
In exercise of the powers contained in sub-section(4) of Section 44A of the Banking Regulation Act, 1949, the Reserve Bank of India sanctioned the Scheme of Amalgamation of Bank of Madura Ltd. with ICICI Bank Ltd. The Scheme shall come into force with effect from March 10, 2001. All the branches/offices of Bank of Madura Ltd. shall from March 10, 2001, function as branches/offices of ICICI Bank Ltd.Alpana Killawala General ManagerPress Release : 2000-01/1255
In exercise of the powers contained in sub-section(4) of Section 44A of the Banking Regulation Act, 1949, the Reserve Bank of India sanctioned the Scheme of Amalgamation of Bank of Madura Ltd. with ICICI Bank Ltd. The Scheme shall come into force with effect from March 10, 2001. All the branches/offices of Bank of Madura Ltd. shall from March 10, 2001, function as branches/offices of ICICI Bank Ltd.Alpana Killawala General ManagerPress Release : 2000-01/1255
Mar 01, 2001
Designated Bank Branches to receive Advance Income-tax
For the convenience of income tax (IT) assessees, arrangements have been made for receipt of advance income tax at all the computerised branches of all the public sector banks (approximately 810) in Mumbai and Navi Mumbai, the Reserve Bank of India has stated in a press release. The designated branches are authorised by the income tax department to accept payment of income tax dues. The Reserve Bank has advised assessees to take advantage of these standing arrangement
For the convenience of income tax (IT) assessees, arrangements have been made for receipt of advance income tax at all the computerised branches of all the public sector banks (approximately 810) in Mumbai and Navi Mumbai, the Reserve Bank of India has stated in a press release. The designated branches are authorised by the income tax department to accept payment of income tax dues. The Reserve Bank has advised assessees to take advantage of these standing arrangement
Feb 27, 2001
Advisory Group on "Insurance Regulation" submits Final Report
It may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 in order to identify and monitor developments in global standards and codes, consider aspects of applicability of these standards to Indian financial system, periodically review the status and make available its reports to all concerned organisations in public or private sector. The Standing Committee chaired by Deputy Governor, Reserve Bank of In
It may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 in order to identify and monitor developments in global standards and codes, consider aspects of applicability of these standards to Indian financial system, periodically review the status and make available its reports to all concerned organisations in public or private sector. The Standing Committee chaired by Deputy Governor, Reserve Bank of In
Feb 16, 2001
Reserve Bank of India reduces the Bank Rate and Cash Reserve Ratio
After a review of recent developments in the international and domestic financial markets, Reserve Bank of India today announced the following measures :A reduction in the Bank Rate by half a percentage point from its present level of 8 per cent to 7.5 per cent effective close of business on February 16, 2001.A reduction in Cash Reserve Ratio (CRR) by 0.5 percentage point from its present level of 8.5 per cent to 8 per cent in two stages by 0.25 percentage point each
After a review of recent developments in the international and domestic financial markets, Reserve Bank of India today announced the following measures :A reduction in the Bank Rate by half a percentage point from its present level of 8 per cent to 7.5 per cent effective close of business on February 16, 2001.A reduction in Cash Reserve Ratio (CRR) by 0.5 percentage point from its present level of 8.5 per cent to 8 per cent in two stages by 0.25 percentage point each
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