Press Releases - Regulating Commercial Banking - RBI - Reserve Bank of India
Press Releases
Jun 05, 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 the Prompt Corrective Action (PCA) framework. The Reserve Bank has clarified that the PCA framework is not intended to constrain normal operations of the banks for the general public. It is further clarified that the Reserve Bank, under its supervisory framework, uses various measures/tools to maintain sound financial health of ba
The Reserve Bank of India has come across some misinformed communication circulating in some section of media including social media, about the Prompt Corrective Action (PCA) framework. The Reserve Bank has clarified that the PCA framework is not intended to constrain normal operations of the banks for the general public. It is further clarified that the Reserve Bank, under its supervisory framework, uses various measures/tools to maintain sound financial health of ba
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May 25, 2017
Scheduled Banks’ Statement of Position in India as on Friday, May 12, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 13-May-16 28-APR-2017 * 12-MAY-2017 * 13-May-16 28-APR-2017 * 12-MAY-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1475.67 1663.07 1677.54 1542.56 1726.15 1739.42 ** b) Borrowings from banks 525.84 685.09 563.45 555.91 685.69 564.15 c) Other demand & time liabilities 73.58 47.56 125.03 100.36 47.56 125.03 II LIABILITIES TO OTHERS (A) a) De
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 13-May-16 28-APR-2017 * 12-MAY-2017 * 13-May-16 28-APR-2017 * 12-MAY-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1475.67 1663.07 1677.54 1542.56 1726.15 1739.42 ** b) Borrowings from banks 525.84 685.09 563.45 555.91 685.69 564.15 c) Other demand & time liabilities 73.58 47.56 125.03 100.36 47.56 125.03 II LIABILITIES TO OTHERS (A) a) De
May 23, 2017
Paytm Payments Bank Limited commences operations
Paytm Payments Bank Limited has commenced operations as a payments bank with effect from May 23, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. Shri Vijay Shekhar Sharma was one of the 11 applicants who was issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015.Alpana Killawala Principal Advise
Paytm Payments Bank Limited has commenced operations as a payments bank with effect from May 23, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. Shri Vijay Shekhar Sharma was one of the 11 applicants who was issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015.Alpana Killawala Principal Advise
May 22, 2017
Reserve Bank of India Outlines the action plan to implement the Banking Regulation (Amendment) Ordinance, 2017
In a Release today, the Reserve Bank of India outlined the steps taken and those on the anvil post the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. 2. The amendments to the BR Act 1949, introduced through the Ordinance, and the notification issued thereafter by the Central Government empower RBI to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default, under the provisions
In a Release today, the Reserve Bank of India outlined the steps taken and those on the anvil post the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. 2. The amendments to the BR Act 1949, introduced through the Ordinance, and the notification issued thereafter by the Central Government empower RBI to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default, under the provisions
May 15, 2017
Pay IT dues in advance at RBI or at authorised bank branches - June 2017
It is observed that the rush for remitting Income –Tax dues through the Reserve Bank of India has been far too heavy towards the end of June every year despite providing additional counters to the maximum extent possible for the purpose. Consequently, the members of public are required to wait in queues at the Bank for unnecessarily long periods. To obviate the inconvenience involved, assesses are advised to avoid last minute rush by remitting their Income-tax dues su
It is observed that the rush for remitting Income –Tax dues through the Reserve Bank of India has been far too heavy towards the end of June every year despite providing additional counters to the maximum extent possible for the purpose. Consequently, the members of public are required to wait in queues at the Bank for unnecessarily long periods. To obviate the inconvenience involved, assesses are advised to avoid last minute rush by remitting their Income-tax dues su
May 09, 2017
Scheduled Bank's Statement of Position in India as on Friday, April 28, 2017
(Amount in Billions of ₹ ) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 29-Apr-16 14-APR-2017 * 28-APR-2017 * 29-Apr-16 14-APR-2017 * 28-APR-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1537.68 1684.3 1653.06 1604.4 1748.71 1716.14 ** b) Borrowings from banks 639.83 698.8 685.09 642.54 699.33 685.69 c) Other demand & time liabilities 82.47 76.05 55.76 82.47 76.05 55.76 II LIABILITIES TO OTHERS (A) a) Deposit
(Amount in Billions of ₹ ) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 29-Apr-16 14-APR-2017 * 28-APR-2017 * 29-Apr-16 14-APR-2017 * 28-APR-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1537.68 1684.3 1653.06 1604.4 1748.71 1716.14 ** b) Borrowings from banks 639.83 698.8 685.09 642.54 699.33 685.69 c) Other demand & time liabilities 82.47 76.05 55.76 82.47 76.05 55.76 II LIABILITIES TO OTHERS (A) a) Deposit
Apr 26, 2017
Scheduled Bank's Statement of Position in India as on Friday, April 14, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 15-APR-2016 31-MAR-2017 * 14-APR-2017 * 15-APR-2016 31-MAR-2017 * 14-APR-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1556.19 1775.73 1658.61 1623.81 1842.71 1723.02 ** b) Borrowings from banks 599.02 571.11 694.13 601.16 571.41 694.66 c) Other demand & time liabilities 55.46 58.43 83.76 55.48 58.43 83.76 II LIABILITIES TO OTHERS (A) a) D
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 15-APR-2016 31-MAR-2017 * 14-APR-2017 * 15-APR-2016 31-MAR-2017 * 14-APR-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1556.19 1775.73 1658.61 1623.81 1842.71 1723.02 ** b) Borrowings from banks 599.02 571.11 694.13 601.16 571.41 694.66 c) Other demand & time liabilities 55.46 58.43 83.76 55.48 58.43 83.76 II LIABILITIES TO OTHERS (A) a) D
Apr 20, 2017
RBI signs Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Bank of Guyana
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Guyana. The MoU was signed by Dr Gobind N. Ganga, Governor on behalf of Bank of Guyana and Dr Urjit R. Patel, Governor on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandum of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries t
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Guyana. The MoU was signed by Dr Gobind N. Ganga, Governor on behalf of Bank of Guyana and Dr Urjit R. Patel, Governor on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandum of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries t
Apr 19, 2017
Au Small Finance Bank Limited commences operations
Au Small Finance Bank Limited has commenced operations as a small finance bank with effect from April 19, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India. Au Financiers (India) Limited, Jaipur was one of the ten applicants which were issued in-principle approval for setting up a small finance bank, as announced in the press release on September 16,
Au Small Finance Bank Limited has commenced operations as a small finance bank with effect from April 19, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India. Au Financiers (India) Limited, Jaipur was one of the ten applicants which were issued in-principle approval for setting up a small finance bank, as announced in the press release on September 16,
Apr 18, 2017
RBI opens the Office of the Banking Ombudsman at Jammu
Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, New Delhi-I, the Reserve Bank has set up an Office of the Banking Ombudsman for the State of Jammu and Kashmir at Reserve Bank of India, Jammu. The Office of the Banking Ombudsman at Reserve Bank of India, Jammu will have the jurisdiction over the entire State of Jammu and Kashmir which, hitherto was un
Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, New Delhi-I, the Reserve Bank has set up an Office of the Banking Ombudsman for the State of Jammu and Kashmir at Reserve Bank of India, Jammu. The Office of the Banking Ombudsman at Reserve Bank of India, Jammu will have the jurisdiction over the entire State of Jammu and Kashmir which, hitherto was un
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