Press Releases - Regulating Commercial Banking - RBI - Reserve Bank of India
Press Releases
Aug 30, 1999
Pay income tax at specified bank branches : Reserve Bank of India
For the convenience of income tax assessees, arrangements have been made for receipt of advance income tax at specified branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India. The designated branches of these banks are authorised by the income tax department to accept payment of income tax dues. Assessees are advised to take advantage of these standing arrange
For the convenience of income tax assessees, arrangements have been made for receipt of advance income tax at specified branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India. The designated branches of these banks are authorised by the income tax department to accept payment of income tax dues. Assessees are advised to take advantage of these standing arrange
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Aug 19, 1999
Report of the Working Group on International Banking Statistics
In the context of the recent crisis in East Asia, the need for collection of timely and comprehensive information on international exposure of commercial banks has assumed critical importance at the international level. With the growing liberalisation of the external sector, close monitoring, on an ongoing basis, of the international claims and liabilities of the Indian banking sector has also become necessary. This will enable India to gauge the developments in inter
In the context of the recent crisis in East Asia, the need for collection of timely and comprehensive information on international exposure of commercial banks has assumed critical importance at the international level. With the growing liberalisation of the external sector, close monitoring, on an ongoing basis, of the international claims and liabilities of the Indian banking sector has also become necessary. This will enable India to gauge the developments in inter
Aug 06, 1999
Reserve Bank releases Report on Repurchase Agreements for Market Feedback
The Reserve Bank of India has today published the report on 'Repurchase Agreements (Repos)', prepared by the sub-group of the erstwhile Technical Advisory Committee on Government Securities Market. Copies of the report are been circulated among market participants, such as, primary dealers, satellite dealers and the Fixed Income and Money Market Dealers Association (FIMMDA) for obtaining their views.There has been continuing demand from the market participants to wide
The Reserve Bank of India has today published the report on 'Repurchase Agreements (Repos)', prepared by the sub-group of the erstwhile Technical Advisory Committee on Government Securities Market. Copies of the report are been circulated among market participants, such as, primary dealers, satellite dealers and the Fixed Income and Money Market Dealers Association (FIMMDA) for obtaining their views.There has been continuing demand from the market participants to wide
Jul 06, 1999
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks : Quarterly Handout:March 31, 1999
The 'Banking Statistics: Quarterly Handout - March 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 1999, with various classifications, has been published by the 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 publicati
The 'Banking Statistics: Quarterly Handout - March 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 1999, with various classifications, has been published by the 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 publicati
Jun 08, 1999
Working Group to explore the possibilities of setting up a Credit Information Bureau in India
The Reserve Bank of India has set up a Working Group to explore the possibilities of setting up a Credit Information Bureau in India. The credit information bureau is being contemplated for the collection of credit information relating to borrowers from lending institutions and for the provision of such information to the financial system, with a view to facilitating the distribution of credit to all sectors of the economy and for related or incidental matters. The co
The Reserve Bank of India has set up a Working Group to explore the possibilities of setting up a Credit Information Bureau in India. The credit information bureau is being contemplated for the collection of credit information relating to borrowers from lending institutions and for the provision of such information to the financial system, with a view to facilitating the distribution of credit to all sectors of the economy and for related or incidental matters. The co
Jun 07, 1999
Banks to register Nomination Facility in Deposit Accounts in Passbooks
The Reserve Bank of India has decided to introduce the practice of recording on the face of the passbooks the position regarding availment of nomination facility. The banks will now be able to record on the face of the passbook the position regarding availment of nomination facility by a depositor. The bank will record this on the passbook with a legend "Nomination Registered". The facility intends to facilitate expeditious settlement of claims by banks in the account
The Reserve Bank of India has decided to introduce the practice of recording on the face of the passbooks the position regarding availment of nomination facility. The banks will now be able to record on the face of the passbook the position regarding availment of nomination facility by a depositor. The bank will record this on the passbook with a legend "Nomination Registered". The facility intends to facilitate expeditious settlement of claims by banks in the account
Jun 02, 1999
Bareilly Corporation branches to function as branches of Bank of Baroda from tomorrow
The Reserve Bank of India has notified that from June 3, 1999, branches of the Bareilly Corporation Bank Ltd. will function as branches of Bank of Baroda.The Bareilly Corporation Bank Ltd. was already under an Order of Moratorium from the close of business on March 8, 1999 up to June 5, 1999 (inclusive). The moratorium was recommended by the Reserve Bank of India to the Government of India under Sub-section (1) of Section 45 of the Banking Regulation Act, 1949. The Go
The Reserve Bank of India has notified that from June 3, 1999, branches of the Bareilly Corporation Bank Ltd. will function as branches of Bank of Baroda.The Bareilly Corporation Bank Ltd. was already under an Order of Moratorium from the close of business on March 8, 1999 up to June 5, 1999 (inclusive). The moratorium was recommended by the Reserve Bank of India to the Government of India under Sub-section (1) of Section 45 of the Banking Regulation Act, 1949. The Go
Apr 07, 1999
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks: Quarterly Handout: Last Friday of December 1998
The 'Banking Statistics: Quarterly Handout - December 1998' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of December 1998, 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.T
The 'Banking Statistics: Quarterly Handout - December 1998' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of December 1998, 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.T
Mar 01, 1999
RBI announces reduction in Repo Rate, Bank Rate and CRR
The Reserve Bank of India has today announced the following measures :A reduction in Repo Rate from 8 per cent to 6 per cent effective March 3, 1999. A reduction in Bank Rate from 9 per cent to 8 per cent effective close of business hours on March 1, 1999. A reduction in Cash Reserve Ratio from 11 per cent to 10.5 per cent effective from the fortnight beginning on March 13, 1999.Alpana Killawala General ManagerPress Release : 1998-99/1118
The Reserve Bank of India has today announced the following measures :A reduction in Repo Rate from 8 per cent to 6 per cent effective March 3, 1999. A reduction in Bank Rate from 9 per cent to 8 per cent effective close of business hours on March 1, 1999. A reduction in Cash Reserve Ratio from 11 per cent to 10.5 per cent effective from the fortnight beginning on March 13, 1999.Alpana Killawala General ManagerPress Release : 1998-99/1118
Mar 01, 1999
Income Tax Dues can be paid at Designated Bank Branches
For the convenience of income tax assessees, the Income Tax department has authorised designated branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India to accept payment of income tax dues. Accordingly, arrangements have been made for receipt of advance income tax at the designated branches of these banks.The Reserve Bank of India has advised assessees to take
For the convenience of income tax assessees, the Income Tax department has authorised designated branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India to accept payment of income tax dues. Accordingly, arrangements have been made for receipt of advance income tax at the designated branches of these banks.The Reserve Bank of India has advised assessees to take
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