Press Releases - Regulating Commercial Banking - RBI - Reserve Bank of India
Press Releases
Aug 24, 2010
State Bank of Indore branches to operate as State Bank of India branches from August 27, 2010
All branches of State Bank of Indore will function as branches of State Bank of India from August 27, 2010. Customers, including depositors of State Bank of Indore will be able to operate their accounts as customers of State Bank of India with effect from August 27, 2010. The Government of India issued the Acquisition of State Bank of Indore Order 2010. The order dated July 28, 2010 issued by the Government of India was published under Extraordinary Part II-Section 3-
All branches of State Bank of Indore will function as branches of State Bank of India from August 27, 2010. Customers, including depositors of State Bank of Indore will be able to operate their accounts as customers of State Bank of India with effect from August 27, 2010. The Government of India issued the Acquisition of State Bank of Indore Order 2010. The order dated July 28, 2010 issued by the Government of India was published under Extraordinary Part II-Section 3-
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Aug 23, 2010
HLCC on Financial Markets meets
A meeting of the High Level Coordination Committee on Financial Markets (HLCCFM) was held today at the Reserve Bank of India (RBI), New Delhi. Dr. D. Subbarao, Governor, Reserve Bank of India chaired the meeting. Shri Ashok Chawla, Finance Secretary; Shri R. Gopalan, Secretary, Department of Financial Services; Dr. Kaushik Basu, Chief Economic Advisor, Ministry of Finance, Government of India; Shri C.B. Bhave, Chairman, Securities and Exchange Board of India (SEBI); S
A meeting of the High Level Coordination Committee on Financial Markets (HLCCFM) was held today at the Reserve Bank of India (RBI), New Delhi. Dr. D. Subbarao, Governor, Reserve Bank of India chaired the meeting. Shri Ashok Chawla, Finance Secretary; Shri R. Gopalan, Secretary, Department of Financial Services; Dr. Kaushik Basu, Chief Economic Advisor, Ministry of Finance, Government of India; Shri C.B. Bhave, Chairman, Securities and Exchange Board of India (SEBI); S
Aug 16, 2010
RBI and 926 branches of Banks to accept Advance Income Tax
As many as 926 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. These arrangements have been made for the convenience of the income tax assesses. Of the 926 bank branches 862 branches are public sector bank branches, 35 HDFC bank branches, 10 ICICI bank branches and 19 AXIS bank branches. The Reserve Bank of India has advised income tax assesses to take advantage of these standing arrangements made for
As many as 926 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. These arrangements have been made for the convenience of the income tax assesses. Of the 926 bank branches 862 branches are public sector bank branches, 35 HDFC bank branches, 10 ICICI bank branches and 19 AXIS bank branches. The Reserve Bank of India has advised income tax assesses to take advantage of these standing arrangements made for
Aug 12, 2010
Branches of Bank of Rajasthan Ltd. to be Branches of ICICI Bank Ltd. from August 13
All branches of Bank of Rajasthan Ltd. will function as branches of ICICI Bank Ltd. with effect from August 13, 2010. This is consequent upon the Reserve Bank of India sanctioning the Scheme of Amalgamation of Bank of Rajasthan Ltd. with ICICI Bank Ltd. The Scheme has been sanctioned in exercise of the powers contained in Sub-section (4) of Section 44A of the Banking Regulation Act, 1949. The Scheme will come into force with effect from close of business on August 12,
All branches of Bank of Rajasthan Ltd. will function as branches of ICICI Bank Ltd. with effect from August 13, 2010. This is consequent upon the Reserve Bank of India sanctioning the Scheme of Amalgamation of Bank of Rajasthan Ltd. with ICICI Bank Ltd. The Scheme has been sanctioned in exercise of the powers contained in Sub-section (4) of Section 44A of the Banking Regulation Act, 1949. The Scheme will come into force with effect from close of business on August 12,
Aug 11, 2010
RBI releases Discussion Paper on Entry of New Banks in the Private Sector
The Reserve Bank of India released on its website today, the Discussion Paper on “Entry of New Banks in the Private Sector”. The paper seeks views/comments of banks, non-banking financial institutions, industrial houses, other institutions and the public at large. Suggestions and comments are invited on the following aspects delineated in the Discussion Paper: Minimum capital requirements for new banks and promoters contribution Minimum and maximum caps on promoter sh
The Reserve Bank of India released on its website today, the Discussion Paper on “Entry of New Banks in the Private Sector”. The paper seeks views/comments of banks, non-banking financial institutions, industrial houses, other institutions and the public at large. Suggestions and comments are invited on the following aspects delineated in the Discussion Paper: Minimum capital requirements for new banks and promoters contribution Minimum and maximum caps on promoter sh
Aug 11, 2010
Scheduled Banks' Statement of Position in India as on Friday, July 30, 2010
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 31.07.2009 16.07.2010 * 30.07.2010 * 31.07.2009 16.07.2010 * 30.07.2010 * I Liabilities to the Banking System (A) a) Demand & time deposits from banks 50417.85 62086.86 62707.53 55116.78 64844.31 65476.91 ** b) Borrowings from banks 19795.91 31809.92 30514.78 19799.00 31878.78 30590.15 c) Other demand & time liabilities 14628.09 7753.74 7249.77 14630.5
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 31.07.2009 16.07.2010 * 30.07.2010 * 31.07.2009 16.07.2010 * 30.07.2010 * I Liabilities to the Banking System (A) a) Demand & time deposits from banks 50417.85 62086.86 62707.53 55116.78 64844.31 65476.91 ** b) Borrowings from banks 19795.91 31809.92 30514.78 19799.00 31878.78 30590.15 c) Other demand & time liabilities 14628.09 7753.74 7249.77 14630.5
Aug 02, 2010
RBI releases Discussion Paper on Engagement of 'for-profit' Companies as Business Correspondents (BCs)
The Reserve Bank of India today released on its website, a Discussion Paper on "Engagement of 'for profit' Companies as Business Correspondents (BCs)" to seek the views/comments of banks, non-banking financial institutions, ‘for-profit’ companies, regulators, academicians, NGOs and the public at large. Comments/feedback on the Discussion Paper may please be sent by August 20, 2010 to the Chief General Manager, Reserve Bank of India, Department of Banking Operations an
The Reserve Bank of India today released on its website, a Discussion Paper on "Engagement of 'for profit' Companies as Business Correspondents (BCs)" to seek the views/comments of banks, non-banking financial institutions, ‘for-profit’ companies, regulators, academicians, NGOs and the public at large. Comments/feedback on the Discussion Paper may please be sent by August 20, 2010 to the Chief General Manager, Reserve Bank of India, Department of Banking Operations an
Jul 30, 2010
ICICI Bank Ltd. - Penalised
The Reserve Bank of India has imposed a penalty of Rs.5.00 lakh (Rupees Five Lakh only) on ICICI Bank Ltd., in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 for violation of the guidelines on Know Your Customer (KYC)/Anti Money Laundering (AML) standards issued by Reserve Bank of India November 24, 2004. The Reserve Bank of India had issued a show cause notice dated April 9, 2009
The Reserve Bank of India has imposed a penalty of Rs.5.00 lakh (Rupees Five Lakh only) on ICICI Bank Ltd., in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 for violation of the guidelines on Know Your Customer (KYC)/Anti Money Laundering (AML) standards issued by Reserve Bank of India November 24, 2004. The Reserve Bank of India had issued a show cause notice dated April 9, 2009
Jul 30, 2010
Standard Chartered Bank - Penalised
The Reserve Bank of India has imposed a penalty of Rs.5.00 lakh (Rupees Five Lakh only) on Standard Chartered Bank in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949. The penalty has been imposed for not furnishing within the stipulated time information pertaining to a foreign currency loan facility arranged by Standard Chartered Bank to an offshore, special purpose vehicle (SPV),
The Reserve Bank of India has imposed a penalty of Rs.5.00 lakh (Rupees Five Lakh only) on Standard Chartered Bank in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949. The penalty has been imposed for not furnishing within the stipulated time information pertaining to a foreign currency loan facility arranged by Standard Chartered Bank to an offshore, special purpose vehicle (SPV),
Jul 28, 2010
Scheduled Banks' Statement of Position in India as on Friday, July 16, 2010
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 17.07.2009 02.07.2010 16.07.2010 17.07.2009 02.07.2010 16.07.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 52256.22 65301.73 62086.86 56911.92 68044.36 64844.31 ** b) Borrowings from banks 20902.39 26156.77 31809.92 20907.93 26205.31 31878.78 c) Other demand & time liabilities 15197.42 7790.99 7753.74 15214.4
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 17.07.2009 02.07.2010 16.07.2010 17.07.2009 02.07.2010 16.07.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 52256.22 65301.73 62086.86 56911.92 68044.36 64844.31 ** b) Borrowings from banks 20902.39 26156.77 31809.92 20907.93 26205.31 31878.78 c) Other demand & time liabilities 15197.42 7790.99 7753.74 15214.4
Jul 22, 2010
RBI sets up Working Group to address Implementation Issues in IFRS
The Reserve Bank of India has constituted up a Working Group under the Chairmanship of Shri P R Ravi Mohan, Chief General Manager, Department of Banking Operations & Development (DBOD), Reserve Bank of India, to address the implementation issues and facilitate formulation of operational guidelines in the context of International Financial Reporting Standards (IFRSs) convergence for the Indian banking system. The members of the Group include representatives from th
The Reserve Bank of India has constituted up a Working Group under the Chairmanship of Shri P R Ravi Mohan, Chief General Manager, Department of Banking Operations & Development (DBOD), Reserve Bank of India, to address the implementation issues and facilitate formulation of operational guidelines in the context of International Financial Reporting Standards (IFRSs) convergence for the Indian banking system. The members of the Group include representatives from th
Jul 14, 2010
Scheduled Banks' Statement of Position in India as on Friday, July 2, 2010
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs (including RRBs) All Scheduled Banks 03.07.2009 18.06.2010 02.07.2010 03.07.2009 18.06.2010 02.07.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 50703.49 62385.89 65301.73 55330.77 65091.96 68044.36 ** b) Borrowings from banks 20751.21 26890.09 26156.77 20761.13 27051.42 26205.31 c) Other demand & time liabilities 15828.13 7082.44 7790.99 15840.10
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs (including RRBs) All Scheduled Banks 03.07.2009 18.06.2010 02.07.2010 03.07.2009 18.06.2010 02.07.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 50703.49 62385.89 65301.73 55330.77 65091.96 68044.36 ** b) Borrowings from banks 20751.21 26890.09 26156.77 20761.13 27051.42 26205.31 c) Other demand & time liabilities 15828.13 7082.44 7790.99 15840.10
Jul 02, 2010
RBI releases draft Guidelines on Compensation of Whole Time Directors/CEOs/Risk takers and Control Function Staff of Private Sector and Local Area Banks and Foreign Banks operating in India
The Reserve Bank today released on its website, draft guidelines on compensation of whole time directors/chief executive officers/risk takers and control function staff of private sector and local area banks and all foreign banks operating in India for comments and feedback. Comments/feedback on the draft guidelines may please be sent by July 31, 2010 to Chief General Manager, Department of Banking Operations and Development, Central Office, 5th floor, World Trade Cen
The Reserve Bank today released on its website, draft guidelines on compensation of whole time directors/chief executive officers/risk takers and control function staff of private sector and local area banks and all foreign banks operating in India for comments and feedback. Comments/feedback on the draft guidelines may please be sent by July 31, 2010 to Chief General Manager, Department of Banking Operations and Development, Central Office, 5th floor, World Trade Cen
Jun 30, 2010
Scheduled Banks' Statement of Position in India as on Friday, June 18, 2010
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 19.06.2009 04.06.2010 18.06.2010 19.06.2009 04.06.2010 18.06.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 49685.70 61784.72 62385.89 54276.94 64495.89 65091.96 ** b) Borrowings from banks 24405.92 21962.97 26890.09 24417.17 22130.41 27051.42 c) Other demand & time liabilities 16762.49 7253.24 7082.44 16785.5
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 19.06.2009 04.06.2010 18.06.2010 19.06.2009 04.06.2010 18.06.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 49685.70 61784.72 62385.89 54276.94 64495.89 65091.96 ** b) Borrowings from banks 24405.92 21962.97 26890.09 24417.17 22130.41 27051.42 c) Other demand & time liabilities 16762.49 7253.24 7082.44 16785.5
Jun 16, 2010
Scheduled Banks' Statement of Position in India as on Friday, June 04, 2010
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 05.06.2009 21.05.2010 04.06.2010 05.06.2009 21.05.2010 04.06.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 50796.67 61083.29 61784.72 55360.77 63841.18 64495.89 ** b) Borrowings from banks 21754.64 17767.39 21962.97 21815.13 17848.96 22130.41 c) Other demand & time liabilities 17812.16 7490.02 7253.24 17846.4
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 05.06.2009 21.05.2010 04.06.2010 05.06.2009 21.05.2010 04.06.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 50796.67 61083.29 61784.72 55360.77 63841.18 64495.89 ** b) Borrowings from banks 21754.64 17767.39 21962.97 21815.13 17848.96 22130.41 c) Other demand & time liabilities 17812.16 7490.02 7253.24 17846.4
Jun 02, 2010
Scheduled Banks' Statement of Position in India as on Friday, May 21, 2010
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 22.05.2009 07.05.2010 21.05.2010 22.05.2009 07.05.2010 21.05.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 48702.81 61709.54 61083.29 53226.77 64395.86 63841.18 ** b) Borrowings from banks 19888.12 20906.72 17767.39 19969.18 20908.97 17848.96 c) Other demand & time liabilities 19142.50 7483.26 7490.02 19176.0
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 22.05.2009 07.05.2010 21.05.2010 22.05.2009 07.05.2010 21.05.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 48702.81 61709.54 61083.29 53226.77 64395.86 63841.18 ** b) Borrowings from banks 19888.12 20906.72 17767.39 19969.18 20908.97 17848.96 c) Other demand & time liabilities 19142.50 7483.26 7490.02 19176.0
May 24, 2010
HLCC on Financial Markets meets
A meeting of the High Level Coordination Committee on Financial Markets (HLCCFM) was held today at the Reserve Bank of India (RBI), Mumbai. Dr. D. Subbarao, Governor, Reserve Bank of India chaired the meeting. Shri Ashok Chawla, Finance Secretary; Shri R. Gopalan, Secretary, Department of Financial Services, Ministry of Finance, Government of India and Chairperson, Pension Fund Regulatory and Development Authority (PFRDA); Dr. Kaushik Basu, Chief Economic Advisor, Min
A meeting of the High Level Coordination Committee on Financial Markets (HLCCFM) was held today at the Reserve Bank of India (RBI), Mumbai. Dr. D. Subbarao, Governor, Reserve Bank of India chaired the meeting. Shri Ashok Chawla, Finance Secretary; Shri R. Gopalan, Secretary, Department of Financial Services, Ministry of Finance, Government of India and Chairperson, Pension Fund Regulatory and Development Authority (PFRDA); Dr. Kaushik Basu, Chief Economic Advisor, Min
May 19, 2010
Scheduled Banks' Statement of Position in India as on Friday, May 7, 2010
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 08.05.2009 23.04.2010 07.05.2010 08.05.2009 23.04.2010 07.05.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 51813.88 62772.18 61709.54 56287.72 65303.37 64395.86 ** b) Borrowings from banks 24527.47 20374.37 20906.72 24530.10 20389.82 20908.97 c) Other demand & time liabilities 18979.70 7526.95 7483.26 18983.6
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 08.05.2009 23.04.2010 07.05.2010 08.05.2009 23.04.2010 07.05.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 51813.88 62772.18 61709.54 56287.72 65303.37 64395.86 ** b) Borrowings from banks 24527.47 20374.37 20906.72 24530.10 20389.82 20908.97 c) Other demand & time liabilities 18979.70 7526.95 7483.26 18983.6
May 13, 2010
RBI and 926 branches of Banks to accept Advance Income Tax
As many as 926 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. These arrangements have been made for the convenience of the income tax assesses. Of the 926 bank branches, 862 branches are public sector bank branches, 35 HDFC bank branches, 10 ICICI bank branches and 19 AXIS bank branches. The Reserve Bank of India has advised income tax assesses to take advantage of these standing arrangements made fo
As many as 926 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. These arrangements have been made for the convenience of the income tax assesses. Of the 926 bank branches, 862 branches are public sector bank branches, 35 HDFC bank branches, 10 ICICI bank branches and 19 AXIS bank branches. The Reserve Bank of India has advised income tax assesses to take advantage of these standing arrangements made fo
May 05, 2010
Scheduled Banks' Statement of Position in India as on Friday, April 23, 2010
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 24.04.2009 09.04.2010 23.04.2010 24.04.2009 09.04.2010 23.04.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 50947.81 65345.27 62772.18 55377.45 67793.07 65303.37 ** b) Borrowings from banks 26946.87 22334.32 20374.37 26958.24 22352.33 20389.82 c) Other demand & time liabilities 19827.61 6220.37 7526.95 19830.3
(Amount in Rupees crore) Scheduled Commercial Banks (SCBs) (including RRBs) All Scheduled Banks 24.04.2009 09.04.2010 23.04.2010 24.04.2009 09.04.2010 23.04.2010 I Liabilities to the Banking System (A) * * * * a) Demand & time deposits from banks 50947.81 65345.27 62772.18 55377.45 67793.07 65303.37 ** b) Borrowings from banks 26946.87 22334.32 20374.37 26958.24 22352.33 20389.82 c) Other demand & time liabilities 19827.61 6220.37 7526.95 19830.3
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