Press Releases - Regulating Commercial Banking - RBI - Reserve Bank of India
Press Releases
Jun 19, 2019
Scheduled Banks’ Statement of Position in India as on Friday June 7, 2019
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 08-JUN-2018 24-MAY-2019 * 07-JUN-2019 * 08-JUN-2018 24-MAY-2019 * 07-JUN-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1530.74 1694.56 1745.07 1575.51 1739.45 1790.69 ** b) Borrowings from banks 821.9 710.42 716.26 827.92 710.45 716.47 c) Other demand & time liabilities 105.48 115.65 103.48 107.12 116.82 104.69 II LIABILITIES TO O
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 08-JUN-2018 24-MAY-2019 * 07-JUN-2019 * 08-JUN-2018 24-MAY-2019 * 07-JUN-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1530.74 1694.56 1745.07 1575.51 1739.45 1790.69 ** b) Borrowings from banks 821.9 710.42 716.26 827.92 710.45 716.47 c) Other demand & time liabilities 105.48 115.65 103.48 107.12 116.82 104.69 II LIABILITIES TO O
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Jun 18, 2019
Reserve Bank of India imposes monetary penalty on HDFC Bank Limited
The Reserve Bank of India (RBI) has imposed, by order dated June 13, 2019, monetary penalty of ₹10 million on HDFC Bank Limited (the bank) for non-compliance with directions issued by RBI on ‘Know Your Customer (KYC/ Anti-Money Laundering (AML) norms’ and on reporting of frauds. The 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 Act, 1949, taking into account f
The Reserve Bank of India (RBI) has imposed, by order dated June 13, 2019, monetary penalty of ₹10 million on HDFC Bank Limited (the bank) for non-compliance with directions issued by RBI on ‘Know Your Customer (KYC/ Anti-Money Laundering (AML) norms’ and on reporting of frauds. The 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 Act, 1949, taking into account f
Jun 18, 2019
Report of the Committee on Micro, Small and Medium Enterprises
The Reserve Bank of India had constituted an ‘Expert Committee on Micro, Small and Medium Enterprises’ under the Chairmanship of Shri U K Sinha in January 2019 to suggest long-term measures for the economic and financial sustainability of the MSME sector. The committee included: 1. Shri U.K. Sinha Former Chairman, Securities and Exchange Board of India Chairman 2. Shri Ram Mohan Mishra Additional Secretary, Development Commissioner MSME Member 3. Shri Pankaj Jain Addi
The Reserve Bank of India had constituted an ‘Expert Committee on Micro, Small and Medium Enterprises’ under the Chairmanship of Shri U K Sinha in January 2019 to suggest long-term measures for the economic and financial sustainability of the MSME sector. The committee included: 1. Shri U.K. Sinha Former Chairman, Securities and Exchange Board of India Chairman 2. Shri Ram Mohan Mishra Additional Secretary, Development Commissioner MSME Member 3. Shri Pankaj Jain Addi
Jun 07, 2019
Reserve Bank of India imposes monetary penalty on Kotak Mahindra Bank Limited
The Reserve Bank of India (RBI) has, by an order dated June 06, 2019, imposed a monetary penalty of ₹ 20 million on Kotak Mahindra Bank Limited (the bank) for non-compliance with the directions issued to the bank by RBI in exercise of its powers under sections 27(2) and 35A of the Banking Regulation Act, 1949 (the Act) to furnish information specified therein. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) r
The Reserve Bank of India (RBI) has, by an order dated June 06, 2019, imposed a monetary penalty of ₹ 20 million on Kotak Mahindra Bank Limited (the bank) for non-compliance with the directions issued to the bank by RBI in exercise of its powers under sections 27(2) and 35A of the Banking Regulation Act, 1949 (the Act) to furnish information specified therein. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) r
Jun 07, 2019
RBI releases Prudential Framework for Resolution of Stressed Assets
Hon’ble Supreme Court, vide its order dated April 2, 2019, had held the RBI circular dated February 12, 2018 on Resolution of Stressed Assets as ultra vires. In light of the same, the Statement on Framework for Resolution of Stressed Assets issued by the Governor on April 4, 2019 had clarified that the Reserve Bank of India will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed ass
Hon’ble Supreme Court, vide its order dated April 2, 2019, had held the RBI circular dated February 12, 2018 on Resolution of Stressed Assets as ultra vires. In light of the same, the Statement on Framework for Resolution of Stressed Assets issued by the Governor on April 4, 2019 had clarified that the Reserve Bank of India will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed ass
Jun 06, 2019
Scheduled Banks’ Statement of Position in India as on Friday, May 24, 2019
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 25-May-18 10-MAY-2019 * 24-MAY-2019 * 25-May-18 10-MAY-2019 * 24-MAY-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1521.75 1724.63 1695 1567.22 1769.55 1739.89 ** b) Borrowings from banks 764.25 673.31 710.28 769.07 674.17 710.31 c) Other demand & time liabilities 157.25 127.84 115.79 158.75 128.85 116.96 II LIABILITIES TO OTHERS (A) a) De
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 25-May-18 10-MAY-2019 * 24-MAY-2019 * 25-May-18 10-MAY-2019 * 24-MAY-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1521.75 1724.63 1695 1567.22 1769.55 1739.89 ** b) Borrowings from banks 764.25 673.31 710.28 769.07 674.17 710.31 c) Other demand & time liabilities 157.25 127.84 115.79 158.75 128.85 116.96 II LIABILITIES TO OTHERS (A) a) De
Jun 04, 2019
Marginal Cost of Funds Based Lending Rate (MCLR) for the month May 2019
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2019. Ajit Prasad Assistant Adviser Press Release : 2018-2019/2859
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2019. Ajit Prasad Assistant Adviser Press Release : 2018-2019/2859
Jun 03, 2019
Enforcement action in respect of statutory auditors of commercial banks
RBI vide its Press Release dated June 29, 2018 had put in place an enforcement action framework in respect of statutory auditors for the lapses in the statutory audit of commercial banks. In terms of the aforesaid enforcement action framework, on account of the lapses identified in a statutory audit assignment carried out by the firm, M/s S.R.Batliboi & Co. LLP, Chartered Accountants (ICAI Firm Registration Number: 301003E), it has been decided that RBI will not a
RBI vide its Press Release dated June 29, 2018 had put in place an enforcement action framework in respect of statutory auditors for the lapses in the statutory audit of commercial banks. In terms of the aforesaid enforcement action framework, on account of the lapses identified in a statutory audit assignment carried out by the firm, M/s S.R.Batliboi & Co. LLP, Chartered Accountants (ICAI Firm Registration Number: 301003E), it has been decided that RBI will not a
May 31, 2019
RBI releases 'Quarterly Statistics on Deposits and Credit of SCBs: March 2019’
Today, the Reserve Bank released its web publication entitled Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs), March 2019 on its Database on Indian Economy (DBIE) portal (web-link: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!3). Data on deposits, disaggregated by type and total credit are classified by states, districts, centres, population groups and bank groups, are collected from all SCBs, including regional rural banks
Today, the Reserve Bank released its web publication entitled Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs), March 2019 on its Database on Indian Economy (DBIE) portal (web-link: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!3). Data on deposits, disaggregated by type and total credit are classified by states, districts, centres, population groups and bank groups, are collected from all SCBs, including regional rural banks
May 23, 2019
Marginal Cost of Funds Based Lending Rate (MCLR) for the month April 2019
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of April 2019. Ajit Prasad Assistant Adviser Press Release: 2018-2019/2746
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of April 2019. Ajit Prasad Assistant Adviser Press Release: 2018-2019/2746
May 22, 2019
Financial Action Task Force (FATF) Public Statement dated February 22, 2019
The Financial Action Task Force (FATF) has called on its members and other jurisdictions to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdiction of Democratic People's Republic of Korea (DPRK). Jurisdiction of Iran is subject to a FATF call on its members to apply enhanced due diligence measures proportionate to the risks arising from
The Financial Action Task Force (FATF) has called on its members and other jurisdictions to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdiction of Democratic People's Republic of Korea (DPRK). Jurisdiction of Iran is subject to a FATF call on its members to apply enhanced due diligence measures proportionate to the risks arising from
May 22, 2019
Scheduled Banks’ Statement of Position in India as on Friday, May 10, 2019
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 11-May-18 26-APR-2019 * 10-MAY-2019 * 11-May-18 26-APR-2019 * 10-MAY-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1526.48 1700.26 1724.59 1574.78 1745.94 1769.51 ** b) Borrowings from banks 702.79 745.58 673.34 710.29 747.66 674.2 c) Other demand & time liabilities 81.7 102.27 127.84 83.17 104.04 128.85 II LIABILITIES TO OTHERS (A) a) Dep
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 11-May-18 26-APR-2019 * 10-MAY-2019 * 11-May-18 26-APR-2019 * 10-MAY-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1526.48 1700.26 1724.59 1574.78 1745.94 1769.51 ** b) Borrowings from banks 702.79 745.58 673.34 710.29 747.66 674.2 c) Other demand & time liabilities 81.7 102.27 127.84 83.17 104.04 128.85 II LIABILITIES TO OTHERS (A) a) Dep
May 13, 2019
Reserve Bank of India imposes monetary penalty on The Nainital Bank Limited
The Reserve Bank of India (RBI) has, by an order dated May 06, 2019, imposed a monetary penalty of ₹10 million on The Nainital Bank Limited (the bank) for its failure to fully automate NPA identification process despite specific direction issued by RBI in this regard. 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 Act, 1949, taking into account the failure
The Reserve Bank of India (RBI) has, by an order dated May 06, 2019, imposed a monetary penalty of ₹10 million on The Nainital Bank Limited (the bank) for its failure to fully automate NPA identification process despite specific direction issued by RBI in this regard. 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 Act, 1949, taking into account the failure
May 09, 2019
Scheduled Banks’ Statement of Position in India as on Friday, April 26, 2019
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 27-Apr-18 12-APR-2019 * 26-APR-2019 * 27-Apr-18 12-APR-2019 * 26-APR-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1530.21 1716.61 1697.42 1579.89 1763.48 1743.10 ** b) Borrowings from banks 784.65 775.11 746.04 792.44 776.37 748.12 c) Other demand & time liabilities 170.18 86.4 104.45 171.63 88.09 106.22 II LIABILITIES TO OTHERS (A) a) De
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 27-Apr-18 12-APR-2019 * 26-APR-2019 * 27-Apr-18 12-APR-2019 * 26-APR-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1530.21 1716.61 1697.42 1579.89 1763.48 1743.10 ** b) Borrowings from banks 784.65 775.11 746.04 792.44 776.37 748.12 c) Other demand & time liabilities 170.18 86.4 104.45 171.63 88.09 106.22 II LIABILITIES TO OTHERS (A) a) De
Apr 25, 2019
Scheduled Banks’ Statement of Position in India as on Friday, April 12, 2019
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 13-Apr-18 29-MAR-2019 * 12-APR-2019 * 13-Apr-18 29-MAR-2019 * 12-APR-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1501.05 1761.51 1711.42 1551.89 1809.75 1758.29 ** b) Borrowings from banks 698.11 793.36 773.4 702.67 793.64 774.66 c) Other demand & time liabilities 60.02 151.33 87.24 61.35 152.06 88.93 II LIABILITIES TO OTHERS (A
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 13-Apr-18 29-MAR-2019 * 12-APR-2019 * 13-Apr-18 29-MAR-2019 * 12-APR-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1501.05 1761.51 1711.42 1551.89 1809.75 1758.29 ** b) Borrowings from banks 698.11 793.36 773.4 702.67 793.64 774.66 c) Other demand & time liabilities 60.02 151.33 87.24 61.35 152.06 88.93 II LIABILITIES TO OTHERS (A
Apr 24, 2019
Reserve Bank of India divests its share in NABARD and NHB
The RBI divested its entire stake in NABARD and NHB amounting to ₹ 20 crore (Rupee twenty crore) and ₹ 1450 crore (Rupees one thousand four hundred and fifty crore) on February 26, 2019 and March 19, 2019 respectively. With this, the Government of India now holds 100% stake in both the financial institutions. Divestment of RBI’s stake in NABARD and NHB has its basis in the recommendation of Narasimham Committee II and the Discussion Paper prepared by RBI on Harmonizin
The RBI divested its entire stake in NABARD and NHB amounting to ₹ 20 crore (Rupee twenty crore) and ₹ 1450 crore (Rupees one thousand four hundred and fifty crore) on February 26, 2019 and March 19, 2019 respectively. With this, the Government of India now holds 100% stake in both the financial institutions. Divestment of RBI’s stake in NABARD and NHB has its basis in the recommendation of Narasimham Committee II and the Discussion Paper prepared by RBI on Harmonizin
Apr 20, 2019
RBI clarification on 5 day week in commercial banks
It has been reported in certain sections of the media that commercial banks would have a 5 day week in terms of RBI instructions. It is clarified that this information is not factually correct. RBI has not issued any such directions.Yogesh Dayal Chief General Manager Press Release: 2018-2019/2488
It has been reported in certain sections of the media that commercial banks would have a 5 day week in terms of RBI instructions. It is clarified that this information is not factually correct. RBI has not issued any such directions.Yogesh Dayal Chief General Manager Press Release: 2018-2019/2488
Apr 18, 2019
RBI releases draft “Enabling Framework for Regulatory Sandbox”
In view of the growing significance of FinTech innovations and their interface with the financial sector as well as financial sector entities, the Financial Stability and Development Council - Sub Committee had decided to set up a Working Group (WG), to look into and report on the granular aspects of FinTech and its implications, so as to review and reorient appropriately the regulatory framework and respond to the dynamics of the rapidly evolving FinTech scenario. Pu
In view of the growing significance of FinTech innovations and their interface with the financial sector as well as financial sector entities, the Financial Stability and Development Council - Sub Committee had decided to set up a Working Group (WG), to look into and report on the granular aspects of FinTech and its implications, so as to review and reorient appropriately the regulatory framework and respond to the dynamics of the rapidly evolving FinTech scenario. Pu
Apr 11, 2019
Scheduled Banks’ Statement of Position in India as on Friday, March 29, 2019
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 30-Mar-18 15-MAR-2019 * 29-MAR-2019 * 30-Mar-18 15-MAR-2019 * 29-MAR-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1615.58 1631.32 1756 1667.46 1676.05 1804.24 ** b) Borrowings from banks 601.23 866.28 791.18 611.74 867.99 791.46 c) Other demand & time liabilities 65.17 92.45 151.33 65.7 93.54 152.06 II LIABILITIES TO OTHERS (A) a
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 30-Mar-18 15-MAR-2019 * 29-MAR-2019 * 30-Mar-18 15-MAR-2019 * 29-MAR-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1615.58 1631.32 1756 1667.46 1676.05 1804.24 ** b) Borrowings from banks 601.23 866.28 791.18 611.74 867.99 791.46 c) Other demand & time liabilities 65.17 92.45 151.33 65.7 93.54 152.06 II LIABILITIES TO OTHERS (A) a
Apr 06, 2019
Announcement of Merger of Lakshmi Vilas Bank and Indiabulls Housing Finance Limited
Reserve Bank of India (RBI) has learnt through media reports that Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance Limited (IBHFL) have made a merger announcement on April 5, 2019 with approval of their respective Boards. It has been reported in a section of the media that the presence of two nominee directors of the RBI on the Board of LVB implies RBI’s indirect approval of the proposal. It is clarified that the merger announcement does not have any approval o
Reserve Bank of India (RBI) has learnt through media reports that Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance Limited (IBHFL) have made a merger announcement on April 5, 2019 with approval of their respective Boards. It has been reported in a section of the media that the presence of two nominee directors of the RBI on the Board of LVB implies RBI’s indirect approval of the proposal. It is clarified that the merger announcement does not have any approval o
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