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أكتوبر 31, 2023Press Releases Test 3110 001
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 524,224.82 6.70 5.40-6.85 I. Call Money 6,817.73 6.72 5.40-6.85 II. Triparty Repo 361,838.55 6.69 6.50-6.79 III. Market Repo 153,847.54 6.73 6.00-6.85 IV. Repo in Corporate Bond 1,721.00 6.85 6.80-6.85 B. Term Segment I. Notice Money** 817.00 6.68 5.60-6.80 II. Term Money@@ 30.00 - 6.80-6.80 III. Triparty Repo 650.00 6.78 6.75-6.80 IV. M
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 524,224.82 6.70 5.40-6.85 I. Call Money 6,817.73 6.72 5.40-6.85 II. Triparty Repo 361,838.55 6.69 6.50-6.79 III. Market Repo 153,847.54 6.73 6.00-6.85 IV. Repo in Corporate Bond 1,721.00 6.85 6.80-6.85 B. Term Segment I. Notice Money** 817.00 6.68 5.60-6.80 II. Term Money@@ 30.00 - 6.80-6.80 III. Triparty Repo 650.00 6.78 6.75-6.80 IV. M
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أكتوبر 31, 2023Dummy 31st Monetary Policy Statement, 2023-24On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 10, 2023) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. The standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decided to remain focused on wiOn the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 10, 2023) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. The standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decided to remain focused on wi
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أكتوبر 27, 2023Monetary Policy Statement, 2023-24 Resolution of the Monetary Policy Committee (MPC) August 8-10, 2023On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 10, 2023) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. The standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decided to remain focused on wiOn the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 10, 2023) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. The standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decided to remain focused on wi
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أكتوبر 26, 2023Financial inclusion and development dummy for testing issue
Tooltip for testing RBI press release cautions 0 tooltip for testing RBI press release cautions 1 tooltip for testing RBI press release cautions 2
Tooltip for testing RBI press release cautions 0 tooltip for testing RBI press release cautions 1 tooltip for testing RBI press release cautions 2
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أكتوبر 25, 2023Report of the Committee for Review of Customer Service Standards in RBI Regulated Entities
As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on April 08, 2022, the Reserve Bank of India had set up the Committee for Review of Customer Service Standards in RBI Regulated Entities (REs) on May 23, 2022 under the Chairmanship of Shri B.P. Kanungo, former Deputy Governor, RBI. The terms of the reference of the Committee were to evaluate and review the quality of the customer service, examine the ev
As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on April 08, 2022, the Reserve Bank of India had set up the Committee for Review of Customer Service Standards in RBI Regulated Entities (REs) on May 23, 2022 under the Chairmanship of Shri B.P. Kanungo, former Deputy Governor, RBI. The terms of the reference of the Committee were to evaluate and review the quality of the customer service, examine the ev
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يونيو 05, 2023Report of the Committee for Review of Customer Service Standards in RBI Regulated EntitiesAs part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on April 08, 2022, the Reserve Bank of India had set up the Committee for Review of Customer Service Standards in RBI Regulated Entities (REs) on May 23, 2022 under the Chairmanship of Shri B.P. Kanungo, former Deputy Governor, RBI. The terms of the reference of the Committee were to evaluate and review the quality of the customer service, examine the evAs part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on April 08, 2022, the Reserve Bank of India had set up the Committee for Review of Customer Service Standards in RBI Regulated Entities (REs) on May 23, 2022 under the Chairmanship of Shri B.P. Kanungo, former Deputy Governor, RBI. The terms of the reference of the Committee were to evaluate and review the quality of the customer service, examine the ev
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يناير 23, 2023RBI extends time for renewal of agreements for existing Safe Deposit Locker/Safe Custody Article Facility Provided by BanksThe Reserve Bank of India, vide its circular dated August 18, 2021, had issued revised instructions with respect to Safe Deposit Locker/Safe Custody Article Facility that inter alia required banks to enter into revised agreements with the existing locker holders by January 1, 2023. However, it has come to the notice of RBI that a large number of customers are yet to sign the revised agreement. In many cases, the banks are yet to inform the customers about the need toThe Reserve Bank of India, vide its circular dated August 18, 2021, had issued revised instructions with respect to Safe Deposit Locker/Safe Custody Article Facility that inter alia required banks to enter into revised agreements with the existing locker holders by January 1, 2023. However, it has come to the notice of RBI that a large number of customers are yet to sign the revised agreement. In many cases, the banks are yet to inform the customers about the need to
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نوفمبر 02, 2022Nation-wide Awareness Programme: November 2022The Reserve Bank has been taking several initiatives to improve customer awareness on extant regulations to protect consumer interests, alternative grievance redress mechanisms, safe banking practices, etc., through various media and print campaigns. Earlier this year, as part of the “Azadi Ka Amrit Mahotsav”, the Reserve Bank launched a pan-India awareness programme through Ombudsman Speak and Ombudsman Talkathon events. As a part of these initiatives, during NovembeThe Reserve Bank has been taking several initiatives to improve customer awareness on extant regulations to protect consumer interests, alternative grievance redress mechanisms, safe banking practices, etc., through various media and print campaigns. Earlier this year, as part of the “Azadi Ka Amrit Mahotsav”, the Reserve Bank launched a pan-India awareness programme through Ombudsman Speak and Ombudsman Talkathon events. As a part of these initiatives, during Novembe
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أكتوبر 06, 2022The Reserve Bank introduces Internal Ombudsman mechanism for Credit Information Companies (CICs)As announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated August 5, 2022, the Reserve Bank, in exercise of the powers conferred by sub section (1) of Section 11 of the Credit Information Companies (Regulation) Act, 2005 (the Act), being satisfied that it is necessary in the public interest to do so, directs all Credit Information Companies (CICs) holding a Certificate of Registration under sub-sectioAs announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated August 5, 2022, the Reserve Bank, in exercise of the powers conferred by sub section (1) of Section 11 of the Credit Information Companies (Regulation) Act, 2005 (the Act), being satisfied that it is necessary in the public interest to do so, directs all Credit Information Companies (CICs) holding a Certificate of Registration under sub-sectio
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مايو 23, 2022RBI Constitutes Committee for Review of Customer Service Standards in RBI Regulated EntitiesAs part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on April 08, 2022, the Reserve Bank of India had announced setting up of a Committee for Review of Customer Service Standards in RBI Regulated Entities (REs) for examining and reviewing the state of customer service in the REs and adequacy of customer service regulations and suggest measures to improve customer service. Accordingly, the Reserve Bank of IAs part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on April 08, 2022, the Reserve Bank of India had announced setting up of a Committee for Review of Customer Service Standards in RBI Regulated Entities (REs) for examining and reviewing the state of customer service in the REs and adequacy of customer service regulations and suggest measures to improve customer service. Accordingly, the Reserve Bank of I
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مارس 07, 2022BE(A)WARE - A Booklet on Modus Operandi of Financial FraudsThe Reserve Bank has today released a booklet, “BE(A)WARE” on the common modus operandi used by fraudsters and precautions to be taken while carrying out various financial transactions. The surge in the digital modes of payments witnessed in the past few years gained further momentum during the COVID-19 induced lockdowns. Digital payments enhance customer convenience by improving ease of doing financial transactions. They also contribute to promotion of financial inclThe Reserve Bank has today released a booklet, “BE(A)WARE” on the common modus operandi used by fraudsters and precautions to be taken while carrying out various financial transactions. The surge in the digital modes of payments witnessed in the past few years gained further momentum during the COVID-19 induced lockdowns. Digital payments enhance customer convenience by improving ease of doing financial transactions. They also contribute to promotion of financial incl
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يناير 04, 2022RBI releases 2021 list of Domestic Systemically Important Banks (D-SIBs)SBI, ICICI Bank and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2020 list of D-SIBs. The additional Common Equity Tier 1 (CET1) requirement for D-SIBs was phased-in from April 1, 2016 and became fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital conservation buffer. The list of D-SIBs is as follows: Bucket Banks Additional CommonSBI, ICICI Bank and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2020 list of D-SIBs. The additional Common Equity Tier 1 (CET1) requirement for D-SIBs was phased-in from April 1, 2016 and became fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital conservation buffer. The list of D-SIBs is as follows: Bucket Banks Additional Common
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نوفمبر 15, 2021The Reserve Bank introduces Internal Ombudsman mechanism for select Non-Banking Financial Companies (NBFCs)As announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated October 8, 2021, the Reserve Bank, in exercise of the powers conferred under Section 45 (L) read with 45 (M) of the Reserve Bank of India Act, 1934, has directed Deposit-taking NBFCs (NBFCs-D) with 10 or more branches and Non-Deposit taking NBFCs (NBFCs-ND) with asset size of Rs.5,000 crore and above having public customer interface to appointAs announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated October 8, 2021, the Reserve Bank, in exercise of the powers conferred under Section 45 (L) read with 45 (M) of the Reserve Bank of India Act, 1934, has directed Deposit-taking NBFCs (NBFCs-D) with 10 or more branches and Non-Deposit taking NBFCs (NBFCs-ND) with asset size of Rs.5,000 crore and above having public customer interface to appoint
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نوفمبر 12, 2021Launch of RBI-Retail Direct Scheme and Reserve Bank- Integrated Ombudsman Scheme by Hon’ble Prime Minister on November 12, 2021The Hon’ble Prime Minister, Shri Narendra Modi launched the following schemes of the Reserve Bank of India (RBI) in the presence of Hon’ble Finance Minister Smt. Nirmala Sitharaman and Governor, Reserve Bank of India in a virtual event today: RBI Retail Direct (RBI-RD) scheme Reserve Bank - Integrated Ombudsman Scheme (RB-IOS) The event was attended by Hon’ble Ministers from the Government; Senior Government Officials including Secretaries to the Government of India;The Hon’ble Prime Minister, Shri Narendra Modi launched the following schemes of the Reserve Bank of India (RBI) in the presence of Hon’ble Finance Minister Smt. Nirmala Sitharaman and Governor, Reserve Bank of India in a virtual event today: RBI Retail Direct (RBI-RD) scheme Reserve Bank - Integrated Ombudsman Scheme (RB-IOS) The event was attended by Hon’ble Ministers from the Government; Senior Government Officials including Secretaries to the Government of India;
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نوفمبر 12, 2021RBI Retail Direct SchemeThe Reserve Bank announces the activation of the RBI Retail Direct Scheme with effect from today. The Scheme was launched today in virtual mode by the Hon’ble Prime Minister, Shri Narendra Modi. A significant milestone in the development of the Government securities (G-sec) market, the Reserve Bank of India-Retail Direct (RBI-RD) Scheme will bring G-secs within easy reach of the common man by simplifying the process of investment. Under the Scheme, retail individual iThe Reserve Bank announces the activation of the RBI Retail Direct Scheme with effect from today. The Scheme was launched today in virtual mode by the Hon’ble Prime Minister, Shri Narendra Modi. A significant milestone in the development of the Government securities (G-sec) market, the Reserve Bank of India-Retail Direct (RBI-RD) Scheme will bring G-secs within easy reach of the common man by simplifying the process of investment. Under the Scheme, retail individual i
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نوفمبر 12, 2021The Reserve Bank - Integrated Ombudsman Scheme, 2021The Reserve Bank - Integrated Ombudsman Scheme, 2021 (the Scheme) was launched today in virtual mode by Hon’ble Prime Minister Shri Narendra Modi. 2. The Scheme integrates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme for Digital Transactions, 2019. The Scheme, framed by the Reserve Bank in exercise of the powers conferred oThe Reserve Bank - Integrated Ombudsman Scheme, 2021 (the Scheme) was launched today in virtual mode by Hon’ble Prime Minister Shri Narendra Modi. 2. The Scheme integrates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme for Digital Transactions, 2019. The Scheme, framed by the Reserve Bank in exercise of the powers conferred o
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فبراير 08, 2021Financial Literacy Week 2021Reserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a particular theme across the country. 2. The theme selected for current year FLW is “Credit Discipline and Credit from Formal Institutions” which will be observed from February 8-12, 2021. This theme is one of the strategic objectives of the National Strategy for Financial Education 2020-2025. Focus will be on a) responsibleReserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a particular theme across the country. 2. The theme selected for current year FLW is “Credit Discipline and Credit from Formal Institutions” which will be observed from February 8-12, 2021. This theme is one of the strategic objectives of the National Strategy for Financial Education 2020-2025. Focus will be on a) responsible
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يناير 27, 2021RBI releases framework for strengthening the grievance redress mechanism in banksRBI had announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated December 4, 2020 that with a view to strengthen and improve the efficacy of the grievance redress mechanism of banks, a comprehensive framework will be put in place during January 2021. Accordingly, a framework comprising of i) enhanced disclosures on complaints to be made by the banks; ii) recovery of the cost of redress of maintainableRBI had announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated December 4, 2020 that with a view to strengthen and improve the efficacy of the grievance redress mechanism of banks, a comprehensive framework will be put in place during January 2021. Accordingly, a framework comprising of i) enhanced disclosures on complaints to be made by the banks; ii) recovery of the cost of redress of maintainable
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يناير 19, 2021RBI releases 2020 list of Domestic Systemically Important Banks (D-SIBs)SBI, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2018 list of D-SIBs. The additional Common Equity Tier 1 (CET1) requirement for D-SIBs was phased-in from April 1, 2016 and became fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital conservation buffer. The list of D-SIBs is as follows: Bucket Banks Additional CommonSBI, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2018 list of D-SIBs. The additional Common Equity Tier 1 (CET1) requirement for D-SIBs was phased-in from April 1, 2016 and became fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital conservation buffer. The list of D-SIBs is as follows: Bucket Banks Additional Common
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ديسمبر 31, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month December 2020The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of December 2020. Ajit Prasad Director Press Release: 2020-2021/864The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of December 2020. Ajit Prasad Director Press Release: 2020-2021/864
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نوفمبر 27, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month November 2020The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of November 2020. Ajit Prasad Director Press Release: 2020-2021/700The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of November 2020. Ajit Prasad Director Press Release: 2020-2021/700
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أكتوبر 29, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month October 2020The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2020. Ajit Prasad Director Press Release : 2020-2021/567The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2020. Ajit Prasad Director Press Release : 2020-2021/567
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سبتمبر 30, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month September 2020The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of September 2020. Ajit Prasad Director Press Release: 2020-2021/408The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of September 2020. Ajit Prasad Director Press Release: 2020-2021/408
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أغسطس 31, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month August 2020The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of August 2020. Ajit Prasad Director Press Release: 2020-2021/262The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of August 2020. Ajit Prasad Director Press Release: 2020-2021/262
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أغسطس 03, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month July 2020The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of July 2020. Ajit Prasad Director Press Release: 2020-2021/134The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of July 2020. Ajit Prasad Director Press Release: 2020-2021/134
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يوليو 07, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month June 2020The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of June 2020. Ajit Prasad Director Press Release : 2020-2021/29The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of June 2020. Ajit Prasad Director Press Release : 2020-2021/29
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يونيو 08, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month May 2020The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2020. Ajit Prasad Director Press Release: 2019-2020/2466The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2020. Ajit Prasad Director Press Release: 2019-2020/2466
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يونيو 01, 2020Be aware of imitated Emails in the name of Reserve Bank of India (RBI)It has come to the notice of Reserve Bank of India that some unscrupulous entities/scamsters are imitating RBI mails for fraudulent purposes. Most of such mails are sent using fake domains, which do not belong to the Reserve Bank of India, but these could be deceptively similar involving use of words such as RBI, RESERVEBANK, PAYMENT, etc. In this regard, it is informed that the correct mail domain of RBI is “rbi.org.in” and mail addresses of RBI officials are of theIt has come to the notice of Reserve Bank of India that some unscrupulous entities/scamsters are imitating RBI mails for fraudulent purposes. Most of such mails are sent using fake domains, which do not belong to the Reserve Bank of India, but these could be deceptively similar involving use of words such as RBI, RESERVEBANK, PAYMENT, etc. In this regard, it is informed that the correct mail domain of RBI is “rbi.org.in” and mail addresses of RBI officials are of the
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مايو 12, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month of April 2020The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of April 2020. Ajit Prasad Director Press Release: 2019-2020/2348The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of April 2020. Ajit Prasad Director Press Release: 2019-2020/2348
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أبريل 03, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month of March 2020The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of March 2020. Ajit Prasad Director Press Release: 2019-2020/2172The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of March 2020. Ajit Prasad Director Press Release: 2019-2020/2172
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مارس 02, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month February 2020The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of February 2020. Ajit Prasad Director Press Release : 2019-2020/2010The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of February 2020. Ajit Prasad Director Press Release : 2019-2020/2010
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فبراير 03, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month January 2020The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of January 2020. Ajit Prasad Director Press Release: 2019-2020/1866The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of January 2020. Ajit Prasad Director Press Release: 2019-2020/1866
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يناير 09, 2020Marginal Cost of Funds Based Lending Rate (MCLR) for the month December 2019The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of December 2019. Rupambara Director Press Release: 2019-2020/1653The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of December 2019. Rupambara Director Press Release: 2019-2020/1653
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ديسمبر 17, 2019Reserve Bank of India releases Annual Report of Ombudsman SchemesThe Reserve Bank of India (RBI) released the Annual Report of the “Ombudsman Schemes of RBI for the year 2018-19” today. A. Banking Ombudsman Scheme The Banking Ombudsman Scheme (BOS) was notified by RBI in 1995 under Section 35A of the Banking Regulation Act, 1949. During 2018-19 the BOS was administered by RBI through 21 Offices of Banking Ombudsman (OBOs) covering all states and union territories. An analysis of complaints handled by Banking Ombudsmen (BOs) duringThe Reserve Bank of India (RBI) released the Annual Report of the “Ombudsman Schemes of RBI for the year 2018-19” today. A. Banking Ombudsman Scheme The Banking Ombudsman Scheme (BOS) was notified by RBI in 1995 under Section 35A of the Banking Regulation Act, 1949. During 2018-19 the BOS was administered by RBI through 21 Offices of Banking Ombudsman (OBOs) covering all states and union territories. An analysis of complaints handled by Banking Ombudsmen (BOs) during
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ديسمبر 02, 2019Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Rupee Co-operative Bank Ltd, Pune, MaharashtraRupee Co-operative Bank Ltd, Pune, Maharashtra, was placed under directions vide directive UBD.CO.BSD-I/D-28/12.22.218/2012-13 dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DCBR.CO.AID./No,D-12/12.22.218/2019-20 dated August 28, 2019 and was valid up to November 30, 2019, subject to review. 2. It is hereby notified for the informatiRupee Co-operative Bank Ltd, Pune, Maharashtra, was placed under directions vide directive UBD.CO.BSD-I/D-28/12.22.218/2012-13 dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DCBR.CO.AID./No,D-12/12.22.218/2019-20 dated August 28, 2019 and was valid up to November 30, 2019, subject to review. 2. It is hereby notified for the informati
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نوفمبر 29, 2019Reserve Bank of India imposes monetary penalty on Corporation BankThe Reserve Bank of India (RBI) has, by an order dated November 29, 2019, imposed a monetary penalty of ₹1.50 crore on Corporation Bank (the bank) for non-compliance with certain provisions of directions issued by RBI on “Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Divergence in NPA Accounts”, “Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances”, “Prudential NoThe Reserve Bank of India (RBI) has, by an order dated November 29, 2019, imposed a monetary penalty of ₹1.50 crore on Corporation Bank (the bank) for non-compliance with certain provisions of directions issued by RBI on “Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Divergence in NPA Accounts”, “Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances”, “Prudential No
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نوفمبر 29, 2019Directions issued to the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. - Kolhapur, Maharashtra - Extension of PeriodThe Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018) had placed the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist : Kolhapur, Maharashtra, under Directions from the close of business on May 19, 2018. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of thThe Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018) had placed the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist : Kolhapur, Maharashtra, under Directions from the close of business on May 19, 2018. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of th
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نوفمبر 26, 2019Nesargi Urban Co-operative Bank Limited, Nesargi, Karnataka - PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹ 0.20 lakh (Rupees twenty thousand only) on Nesargi Urban Co-operative Bank Limited, Nesargi, in exercise of the powers vested in it under the provisions of Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for non-submission of the returns under Section 27(2) of the Banking Regulation Act, 1949 (AACS). The Reserve Bank of India had isThe Reserve Bank of India has imposed a monetary penalty of ₹ 0.20 lakh (Rupees twenty thousand only) on Nesargi Urban Co-operative Bank Limited, Nesargi, in exercise of the powers vested in it under the provisions of Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for non-submission of the returns under Section 27(2) of the Banking Regulation Act, 1949 (AACS). The Reserve Bank of India had is
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نوفمبر 26, 2019Krishna Pattana Sahakar Bank Niyamitha, Shahpur, Karnataka - PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹ 0.40 lakh (Rupees forty thousand only) on Krishna Pattana Sahakar Bank Niyamitha, Shahpur, in exercise of the powers vested in it under the provisions of Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for non-submission of the returns under Section 27 (2) of the Banking Regulation Act, 1949 (AACS). The Reserve Bank of India had issThe Reserve Bank of India has imposed a monetary penalty of ₹ 0.40 lakh (Rupees forty thousand only) on Krishna Pattana Sahakar Bank Niyamitha, Shahpur, in exercise of the powers vested in it under the provisions of Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for non-submission of the returns under Section 27 (2) of the Banking Regulation Act, 1949 (AACS). The Reserve Bank of India had iss
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نوفمبر 26, 2019Ron Taluka Primary Teachers' Co-operative Credit Bank Limited, Ron, Karnataka - PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹ 0.20 lakh (Rupees twenty thousand only) on Ron Taluka Primary Teachers' Co-operative Credit Bank Limited, Ron, in exercise of the powers vested in it under the provisions of Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for non-submission of the returns under Section 27 (2) of the Banking Regulation Act, 1949 (AACS). The Reserve BThe Reserve Bank of India has imposed a monetary penalty of ₹ 0.20 lakh (Rupees twenty thousand only) on Ron Taluka Primary Teachers' Co-operative Credit Bank Limited, Ron, in exercise of the powers vested in it under the provisions of Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for non-submission of the returns under Section 27 (2) of the Banking Regulation Act, 1949 (AACS). The Reserve B
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نوفمبر 20, 2019Reserve Bank of India imposes monetary penalty on Bank of Baroda and Indian BankThe Reserve Bank of India (RBI) has, by order dated November 18, 2019, imposed monetary penalty on Bank of Baroda for non-compliance with directions issued by RBI on collection of account payee cheques, reporting of frauds, opening of savings bank (SB) accounts, preservation of records of identification of customers and Know Your Customer (KYC)/ Anti-Money Laundering (AML) norms; and by order dated November 18, 2019, imposed monetary penalty on Indian Bank for non-adhThe Reserve Bank of India (RBI) has, by order dated November 18, 2019, imposed monetary penalty on Bank of Baroda for non-compliance with directions issued by RBI on collection of account payee cheques, reporting of frauds, opening of savings bank (SB) accounts, preservation of records of identification of customers and Know Your Customer (KYC)/ Anti-Money Laundering (AML) norms; and by order dated November 18, 2019, imposed monetary penalty on Indian Bank for non-adh
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نوفمبر 20, 2019Reserve Bank of India imposes monetary penalty on Indian BankThe Reserve Bank of India (RBI) has imposed, by order dated November 18, 2019, monetary penalty of ₹ One crore on Indian Bank (the bank) for non-compliance with directions issued by RBI on Window-dressing of Balance Sheet and classification and reporting of frauds. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 51 (1) of the Banking Regulation Act, 1949, taking intoThe Reserve Bank of India (RBI) has imposed, by order dated November 18, 2019, monetary penalty of ₹ One crore on Indian Bank (the bank) for non-compliance with directions issued by RBI on Window-dressing of Balance Sheet and classification and reporting of frauds. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 51 (1) of the Banking Regulation Act, 1949, taking into
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نوفمبر 19, 2019RBI imposes monetary penalty on The Konark Urban Co-operative Bank Limited, Thane, MaharashtraThe Reserve Bank of India has imposed a monetary penalty of ₹ 4.00 lakh (Rupees four lakh only) on The Konark Urban Co-operative Bank Limited, Thane, Maharashtra in exercise of the powers vested in it under the provisions of Section 47A (1) (b) read with Section 46 (4) (i) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the instructions / guidelines of the Reserve Bank of India relating to Director Related Loans. The ReThe Reserve Bank of India has imposed a monetary penalty of ₹ 4.00 lakh (Rupees four lakh only) on The Konark Urban Co-operative Bank Limited, Thane, Maharashtra in exercise of the powers vested in it under the provisions of Section 47A (1) (b) read with Section 46 (4) (i) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the instructions / guidelines of the Reserve Bank of India relating to Director Related Loans. The Re
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نوفمبر 18, 2019Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Mapusa Urban Co-operative Bank of Goa Ltd. - Extension of Period of DirectionsThe Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Mapusa Urban Co-Operative Bank of Goa Ltd., Goa vide Directive DCBS.CO.BSD-I No.D-06/12.22.156/2015-16 dated July 24, 2015, as modified from time to time, last being vide Directive DCBR.CO. AID/D-08/12.22.156/2019-20 dated August 13, 2019 which extended the Directions upto November 18, 2019. The Reserve Bank of India is satisfied that in the puThe Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Mapusa Urban Co-Operative Bank of Goa Ltd., Goa vide Directive DCBS.CO.BSD-I No.D-06/12.22.156/2015-16 dated July 24, 2015, as modified from time to time, last being vide Directive DCBR.CO. AID/D-08/12.22.156/2019-20 dated August 13, 2019 which extended the Directions upto November 18, 2019. The Reserve Bank of India is satisfied that in the pu
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نوفمبر 15, 2019RBI cancels Certificate of Registration of 25 NBFCsThe Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Hindon Investment Ltd. B-110, Office No. 107, First Floor, South Ganesh Nagar, Delhi-110 092 14.00487 March 19, 1998 August 30, 2019 2. ShinaThe Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Hindon Investment Ltd. B-110, Office No. 107, First Floor, South Ganesh Nagar, Delhi-110 092 14.00487 March 19, 1998 August 30, 2019 2. Shina
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نوفمبر 15, 2019Five NBFCs surrender their Certificate of Registration to RBIThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Protech Financials Private Limited D-70, Panchsheel Enclave, New Delhi-110 017 14The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Protech Financials Private Limited D-70, Panchsheel Enclave, New Delhi-110 017 14
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نوفمبر 14, 2019Marginal Cost of Funds Based Lending Rate (MCLR) for the month October 2019The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2019. Ajit Prasad Director Press Release : 2019-2020/1177The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2019. Ajit Prasad Director Press Release : 2019-2020/1177
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نوفمبر 08, 2019Millath Co-operative Bank Ltd., Davangere - Extension of All Inclusive Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS)It is hereby notified for information of public that the Reserve Bank of India is satisfied that, in the public interest, it is necessary to extend the period of operation of Directive DCBS.CO.BSD-III.No.D-12/12.23.096/2018-19 dated April 26, 2019, issued to Millath Co-operative Bank Ltd., Davangere, Karnataka. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act,1949 (As ApplicaIt is hereby notified for information of public that the Reserve Bank of India is satisfied that, in the public interest, it is necessary to extend the period of operation of Directive DCBS.CO.BSD-III.No.D-12/12.23.096/2018-19 dated April 26, 2019, issued to Millath Co-operative Bank Ltd., Davangere, Karnataka. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act,1949 (As Applica
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نوفمبر 08, 2019Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of Banking Regulation Act, 1949 - Sikar Urban Co-operative Bank Ltd, Sikar, Rajasthan - Extension of validitySikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated May 2, 2019 for six months up to November 9, 2019, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in iSikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated May 2, 2019 for six months up to November 9, 2019, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in i
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نوفمبر 08, 2019RBI cancels Certificate of Registration of Twenty Seven NBFCsThe Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. MSR Securities Private Limited RZ—D-26 Nihal Vihar, Nangloi, Delhi-110 041 14.00174 March 03, 1998 August 22, 2019 2. Laxman Investments LimiThe Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. MSR Securities Private Limited RZ—D-26 Nihal Vihar, Nangloi, Delhi-110 041 14.00174 March 03, 1998 August 22, 2019 2. Laxman Investments Limi
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نوفمبر 06, 2019Directions under Section 35 A read with Section 56 of the BR Act (AACS), 1949- The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala- Extension of periodThe Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR Act (AACS), 1949 vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 9, 2018 for a period of six months, which were last extended vide the Directive DCBR.CO.AID/No.D-43/12.26. 004/2018-19 dated May 03, 2019 for a further period of six months up to November 09, 2019The Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR Act (AACS), 1949 vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 9, 2018 for a period of six months, which were last extended vide the Directive DCBR.CO.AID/No.D-43/12.26. 004/2018-19 dated May 03, 2019 for a further period of six months up to November 09, 2019
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نوفمبر 05, 2019Reserve Bank of India imposes monetary penalty on The Mehsana Urban Co-operative Bank Ltd., Mehsana, GujaratThe Reserve Bank of India (RBI) has, by order dated November 04, 2019, imposed monetary penalty of ₹5 Crore on The Mehsana Urban Co-operative Bank Ltd., Mehsana, Gujarat (the bank) for contravention of the directions issued by RBI on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’, and non-compliance with the Master Directions on ‘Know Your Customer (KYC)’. The penalty has been imposed in exercise of powers vested in RBI unThe Reserve Bank of India (RBI) has, by order dated November 04, 2019, imposed monetary penalty of ₹5 Crore on The Mehsana Urban Co-operative Bank Ltd., Mehsana, Gujarat (the bank) for contravention of the directions issued by RBI on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’, and non-compliance with the Master Directions on ‘Know Your Customer (KYC)’. The penalty has been imposed in exercise of powers vested in RBI un
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نوفمبر 05, 2019Reserve Bank enhances withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank Ltd. to ₹ 50,000/-It may be recalled that the Reserve Bank of India on October 14, 2019 had permitted the depositors of Punjab and Maharashtra Cooperative (PMC) Bank Ltd. to withdraw up to ₹ 40,000/- (Rupees Forty Thousand Only) of the total balance in their accounts. The Reserve Bank of India, after reviewing the bank’s liquidity position and its ability to pay its depositors has decided to further enhance the limit for withdrawal to ₹ 50,000/- (Rupees Fifty Thousand only), inclusiveIt may be recalled that the Reserve Bank of India on October 14, 2019 had permitted the depositors of Punjab and Maharashtra Cooperative (PMC) Bank Ltd. to withdraw up to ₹ 40,000/- (Rupees Forty Thousand Only) of the total balance in their accounts. The Reserve Bank of India, after reviewing the bank’s liquidity position and its ability to pay its depositors has decided to further enhance the limit for withdrawal to ₹ 50,000/- (Rupees Fifty Thousand only), inclusive
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أكتوبر 31, 2019Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Madgaum Urban Cooperative Bank Ltd., Margao, Goa - Extension of Period of Directions and relaxation in withdrawal limitThe Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Madgaum Urban Cooperative Bank Ltd., Margao, Goa vide Directive DCBS.CO.BSD-I/D-13/12.22.158/2018-19 dated April 26, 2019 from close of business on May 02, 2019 valid upto November 02, 2019. In terms of the existing Directions, among other conditions, a sum not exceeding ₹ 5,000/- of the total balance in every savings bank or current account or anyThe Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Madgaum Urban Cooperative Bank Ltd., Margao, Goa vide Directive DCBS.CO.BSD-I/D-13/12.22.158/2018-19 dated April 26, 2019 from close of business on May 02, 2019 valid upto November 02, 2019. In terms of the existing Directions, among other conditions, a sum not exceeding ₹ 5,000/- of the total balance in every savings bank or current account or any
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أكتوبر 31, 2019Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - The CKP Co-operative Bank Ltd, Mumbai, MaharashtraThe CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive UBD.CO.BSD.I.No.D-34/12.22.035/2013-14 dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being vide Directive DCBR.CO.AID/No.D-19/12.22.035/2019-20 dated September 25, 2019 and was valid up to October 31, 2019 subject to review. It is hereby notified for the informatThe CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive UBD.CO.BSD.I.No.D-34/12.22.035/2013-14 dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being vide Directive DCBR.CO.AID/No.D-19/12.22.035/2019-20 dated September 25, 2019 and was valid up to October 31, 2019 subject to review. It is hereby notified for the informat
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أكتوبر 29, 2019Reserve Bank of India imposes monetary penalty on Bandhan Bank LimitedThe Reserve Bank of India (RBI) has, by an order dated October 29, 2019, imposed a monetary penalty of ₹ One crore on Bandhan Bank Limited (the bank) for non-compliance with the guidelines on promoter holding contained in ‘Guidelines for Licensing of New Banks in Private Sector’ dated February 22, 2013 (licensing guidelines) read with the conditions imposed by RBI in exercise of powers under section 22 of the Banking Regulation Act, 1949 (the Act) at the time of issuiThe Reserve Bank of India (RBI) has, by an order dated October 29, 2019, imposed a monetary penalty of ₹ One crore on Bandhan Bank Limited (the bank) for non-compliance with the guidelines on promoter holding contained in ‘Guidelines for Licensing of New Banks in Private Sector’ dated February 22, 2013 (licensing guidelines) read with the conditions imposed by RBI in exercise of powers under section 22 of the Banking Regulation Act, 1949 (the Act) at the time of issui
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أكتوبر 29, 2019Reserve Bank of India imposes monetary penalty on Janata Sahakari Bank Ltd., PuneThe Reserve Bank of India (RBI) has imposed, by order dated October 16, 2019, monetary penalty of ₹1 crore on Janata Sahakari Bank Ltd., Pune (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, Management of Advances and Exposure Norms and Statutory/ Other Restrictions. 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)(iThe Reserve Bank of India (RBI) has imposed, by order dated October 16, 2019, monetary penalty of ₹1 crore on Janata Sahakari Bank Ltd., Pune (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, Management of Advances and Exposure Norms and Statutory/ Other Restrictions. 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
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أكتوبر 29, 2019Reserve Bank of India imposes monetary penalty on the Jalgaon Peoples Co-operative Bank Ltd., Jalgaon (Maharashtra)The Reserve Bank of India (RBI) has imposed, by order dated October 24, 2019, monetary penalty of ₹25 lakh on the Jalgaon Peoples Co-operative Bank Ltd., Jalgaon, Maharashtra (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and Management of Advances. 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) and Section 56The Reserve Bank of India (RBI) has imposed, by order dated October 24, 2019, monetary penalty of ₹25 lakh on the Jalgaon Peoples Co-operative Bank Ltd., Jalgaon, Maharashtra (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and Management of Advances. 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) and Section 56
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أكتوبر 25, 2019Reserve Bank of India imposes monetary penalty on Tamilnad Mercantile Bank LtdThe Reserve Bank of India (RBI) has, by an order dated October 24, 2019, imposed monetary penalty of ₹ 35 lakh (Rupees Thirty Five Lakh) on Tamilnad Mercantile Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1The Reserve Bank of India (RBI) has, by an order dated October 24, 2019, imposed monetary penalty of ₹ 35 lakh (Rupees Thirty Five Lakh) on Tamilnad Mercantile Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1
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أكتوبر 25, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Needs of Life Co-op. Bank Ltd., Mumbai, MaharashtraThe Needs of Life Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under Directions from close of business on October 29, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was extended last time vide Directive dated April 24, 2019 for six months upto October 29, 2019, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vThe Needs of Life Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under Directions from close of business on October 29, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was extended last time vide Directive dated April 24, 2019 for six months upto October 29, 2019, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers v
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أكتوبر 25, 2019Directions issued to the Shivajirao Bhosale Sahakari Bank Ltd., Pune, Maharashtra - Extension of PeriodThe Reserve Bank of India vide directive dated May 03, 2019 had placed the Shivajirao Bhosale Sahakari Bank Ltd., Pune, under Directions from the close of business on May 04, 2019. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the said Act, hereby directs that the aforesaid Directive shall contiThe Reserve Bank of India vide directive dated May 03, 2019 had placed the Shivajirao Bhosale Sahakari Bank Ltd., Pune, under Directions from the close of business on May 04, 2019. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the said Act, hereby directs that the aforesaid Directive shall conti
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أكتوبر 23, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Bhagyodaya Friends Urban Co-operative Bank Ltd. Warud, Dist. Amravati, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd. Warud, Dist. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), from the close of business on January 17, 2019. Reserve Bank of India has now further extended the directions for a period of six months from October 18, 2019 to April 17, 2020, suReserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd. Warud, Dist. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), from the close of business on January 17, 2019. Reserve Bank of India has now further extended the directions for a period of six months from October 18, 2019 to April 17, 2020, su
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أكتوبر 22, 2019Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949(AACS) - United Cooperative Bank Limited, Bagnan Station Road (North), P.O. - Bagnan, Dist- Howrah, West Bengal - Extension of PeriodReserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 18, 2018, as modified from time to time which was last extended upto October 18, 2019. Reserve Bank of India has now, in public interest, further extended the Directions for aReserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 18, 2018, as modified from time to time which was last extended upto October 18, 2019. Reserve Bank of India has now, in public interest, further extended the Directions for a
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أكتوبر 17, 2019Directions issued to the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. - Kolhapur, Maharashtra - Extension of PeriodThe Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018) had placed the Shivam Sahakari Bank Ltd., Ichalkaranji, District Kolhapur, Maharashtra, under Directions from the close of business on May 19, 2018. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of theThe Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018) had placed the Shivam Sahakari Bank Ltd., Ichalkaranji, District Kolhapur, Maharashtra, under Directions from the close of business on May 19, 2018. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the
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أكتوبر 17, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Dr. Shivajirao Patil Nilangekar Urban Co-operative Limited, Nilanga, Dist. Latur, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Limited, Nilanga, Dist.Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on February 16, 2019. Reserve Bank of India has now further extended the directions for a period of six montReserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Limited, Nilanga, Dist.Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on February 16, 2019. Reserve Bank of India has now further extended the directions for a period of six mont
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أكتوبر 16, 2019Reserve Bank of India imposes monetary penalty on SBM Bank (India) Ltd.The Reserve Bank of India (RBI) has, by an order dated October 15, 2019, imposed a monetary penalty of ₹ 3 crore on SBM Bank (India) Ltd. for non-compliance by SBM Bank (Mauritius) Ltd. (amalgamated with SBM Bank (India) Ltd. on November 30, 2018) with certain provisions of directions issued by RBI on “Time-bound implementation and strengthening of SWIFT - related operational controls” and “Cyber Security Framework in Banks”. This penalty has been imposed in exerciseThe Reserve Bank of India (RBI) has, by an order dated October 15, 2019, imposed a monetary penalty of ₹ 3 crore on SBM Bank (India) Ltd. for non-compliance by SBM Bank (Mauritius) Ltd. (amalgamated with SBM Bank (India) Ltd. on November 30, 2018) with certain provisions of directions issued by RBI on “Time-bound implementation and strengthening of SWIFT - related operational controls” and “Cyber Security Framework in Banks”. This penalty has been imposed in exercise
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أكتوبر 16, 2019Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) -The City Co-operative Bank Ltd., Mumbai, Maharashtra- Extension of periodThe City Co-operative Bank Ltd., Mumbai was placed under directions vide directive dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the above directions were extended from time to time, the last being vide Directive dated April 09, 2019 up to October 17, 2019. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of SThe City Co-operative Bank Ltd., Mumbai was placed under directions vide directive dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the above directions were extended from time to time, the last being vide Directive dated April 09, 2019 up to October 17, 2019. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of S
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أكتوبر 16, 2019The Budge Budge Nangi Co-operative Bank Ltd., 63 Mahatma Gandhi Road, Budge Budge, South 24 Parganas, Kolkata, West Bengal- PenalisedThe Reserve Bank of India has imposed on October 16, 2019, a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh) on Budge Budge Nangi Co-operative Bank Ltd., 63 Mahatma Gandhi Road, Budge Budge, South 24 Parganas, Kolkata -700137, West Bengal, in exercise of the powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violations/ non-adherence of Section 20 ofThe Reserve Bank of India has imposed on October 16, 2019, a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh) on Budge Budge Nangi Co-operative Bank Ltd., 63 Mahatma Gandhi Road, Budge Budge, South 24 Parganas, Kolkata -700137, West Bengal, in exercise of the powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violations/ non-adherence of Section 20 of
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أكتوبر 16, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. Reserve Bank of India has now further extended the directions for a period of three and half months from October 14, 2019 to January 31, 2020, subject to review. The DirectionsReserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. Reserve Bank of India has now further extended the directions for a period of three and half months from October 14, 2019 to January 31, 2020, subject to review. The Directions
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أكتوبر 14, 2019Reserve Bank of India imposes monetary penalty on The Lakshmi Vilas Bank LtdThe Reserve Bank of India (RBI) has, by an order dated October 14, 2019, imposed monetary penalty of ₹ 1 crore on The Lakshmi Vilas Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Income Recognition and Asset Classification (IRAC) norms”. 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. This action iThe Reserve Bank of India (RBI) has, by an order dated October 14, 2019, imposed monetary penalty of ₹ 1 crore on The Lakshmi Vilas Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Income Recognition and Asset Classification (IRAC) norms”. 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. This action i
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أكتوبر 14, 2019Reserve Bank of India imposes monetary penalty on Syndicate BankThe Reserve Bank of India (RBI) has imposed, by an order dated October 14, 2019, a monetary penalty of ₹ 75 lakh (Rupees Seventy Five Lakh) on Syndicate Bank (the bank) for non-compliance with the directions issued by RBI on (i) Frauds Classification and Reporting and (ii) Housing Sector: Innovative Housing Loan Products - Upfront disbursal of housing loans. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) reaThe Reserve Bank of India (RBI) has imposed, by an order dated October 14, 2019, a monetary penalty of ₹ 75 lakh (Rupees Seventy Five Lakh) on Syndicate Bank (the bank) for non-compliance with the directions issued by RBI on (i) Frauds Classification and Reporting and (ii) Housing Sector: Innovative Housing Loan Products - Upfront disbursal of housing loans. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) rea
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أكتوبر 14, 2019Reserve Bank enhances withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank Ltd to ₹ 40,000/-It may be recalled that the Reserve Bank of India on October 03, 2019 had permitted the depositors of Punjab and Maharashtra Cooperative Bank Ltd. to withdraw up to ₹ 25,000/- (Rupees Twenty Five Thousand Only) of the total balance in their accounts. The Reserve Bank of India, after reviewing the bank’s liquidity position and its ability to pay its depositors has decided to further enhance the limit for withdrawal to ₹ 40,000/- (Rupees Forty Thousand only), inclusiveIt may be recalled that the Reserve Bank of India on October 03, 2019 had permitted the depositors of Punjab and Maharashtra Cooperative Bank Ltd. to withdraw up to ₹ 25,000/- (Rupees Twenty Five Thousand Only) of the total balance in their accounts. The Reserve Bank of India, after reviewing the bank’s liquidity position and its ability to pay its depositors has decided to further enhance the limit for withdrawal to ₹ 40,000/- (Rupees Forty Thousand only), inclusive
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أكتوبر 11, 2019Extension of All Inclusive Directions under Section 35A of the Banking Regulation Act, 1949(AACS) - The Mudhol Co-operative Bank Ltd., MudholThe Reserve Bank of India issued Directions to the The Mudhol Co-operative Bank Limited, Mudhol, Dist. Bagalkot, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act,1949 vide Directive dated April 2, 2019. The Reserve Bank of India is satisfied that in public interest, it is necessary to extend the period of operation of the Directives dated April 2, 2019, issued to The Mudhol Co-operative Bank Limited, Mudhol, Dist. Bagalkot, Karnataka. AccThe Reserve Bank of India issued Directions to the The Mudhol Co-operative Bank Limited, Mudhol, Dist. Bagalkot, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act,1949 vide Directive dated April 2, 2019. The Reserve Bank of India is satisfied that in public interest, it is necessary to extend the period of operation of the Directives dated April 2, 2019, issued to The Mudhol Co-operative Bank Limited, Mudhol, Dist. Bagalkot, Karnataka. Acc
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أكتوبر 10, 2019Reserve Bank of India imposes monetary penalty on Toyota Financial Services India LimitedThe Reserve Bank of India (RBI) has, by an order dated October 09, 2019, imposed a monetary penalty of ₹ 5 lakh on M/s Toyota Financial Services India Limited (company), for non-compliance with directions issued by RBI on ‘Monitoring of Frauds in NBFCs’. The penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 58G read with clause (aa) of sub-section (5) of section 58B of the Reserve Bank of IndiThe Reserve Bank of India (RBI) has, by an order dated October 09, 2019, imposed a monetary penalty of ₹ 5 lakh on M/s Toyota Financial Services India Limited (company), for non-compliance with directions issued by RBI on ‘Monitoring of Frauds in NBFCs’. The penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 58G read with clause (aa) of sub-section (5) of section 58B of the Reserve Bank of Indi
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أكتوبر 03, 2019Reserve Bank Enhances withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank Ltd to ₹ 25,000It may be recalled that the Reserve Bank of India had permitted the depositors of Punjab and Maharashtra Cooperative Bank Ltd to withdraw up to ₹ 10,000/- (Rupees Ten Thousand Only) of the total balance in their accounts. The Reserve Bank of India again reviewed the bank’s liquidity position and, with a view to reducing the hardship of the depositors, has decided to further enhance the limit for withdrawal to ₹ 25000 (Rupees Twenty Five Thousand Only). With the aboveIt may be recalled that the Reserve Bank of India had permitted the depositors of Punjab and Maharashtra Cooperative Bank Ltd to withdraw up to ₹ 10,000/- (Rupees Ten Thousand Only) of the total balance in their accounts. The Reserve Bank of India again reviewed the bank’s liquidity position and, with a view to reducing the hardship of the depositors, has decided to further enhance the limit for withdrawal to ₹ 25000 (Rupees Twenty Five Thousand Only). With the above
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أكتوبر 03, 2019Reserve Bank of India imposes penalty on United Overseas Bank LimitedThe Reserve Bank of India (RBI) has, by an order dated October 01, 2019, imposed a monetary penalty of ₹ One crore on United Overseas Bank Limited (the bank) for its failure to comply with the provisions of section 10B of the Banking Regulation Act, 1949 (the Act). 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 Act, taking into account the failure of the bank to adhere to thThe Reserve Bank of India (RBI) has, by an order dated October 01, 2019, imposed a monetary penalty of ₹ One crore on United Overseas Bank Limited (the bank) for its failure to comply with the provisions of section 10B of the Banking Regulation Act, 1949 (the Act). 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 Act, taking into account the failure of the bank to adhere to th
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أكتوبر 03, 2019Marginal Cost of Funds Based Lending Rate (MCLR) for the month September 2019The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of September 2019. Ajit Prasad Director Press Release : 2019-2020/855The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of September 2019. Ajit Prasad Director Press Release : 2019-2020/855
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سبتمبر 30, 2019RBI cancels Certificate of Registration of 26 NBFCsThe Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. SPML India Limited 113 Park Street, Poddar Point, South Block, 3rd Floor, Kolkata-700 016 B-05.07060 January 17, 2018 August 21, 2019 2. PadmThe Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. SPML India Limited 113 Park Street, Poddar Point, South Block, 3rd Floor, Kolkata-700 016 B-05.07060 January 17, 2018 August 21, 2019 2. Padm
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سبتمبر 30, 2019Two NBFCs surrender their Certificate of Registration to RBIThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Jagrati Trade Services Private Limited 3A, Shakespeare Sarani, 8th Floor, KolkataThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Jagrati Trade Services Private Limited 3A, Shakespeare Sarani, 8th Floor, Kolkata
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سبتمبر 30, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Maratha Sahakari Bank Ltd, Mumbai, MaharashtraThe Maratha Sahakari Bank Ltd, Mumbai, Maharashtra, was placed under directions from close of business on August 31, 2016 vide directive dated August 31, 2016. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated March 25, 2019 and is valid upto September 30, 2019 subject to review. It is hereby notified for the information of the public that , the Reserve Bank of India, in exercise of powers vested iThe Maratha Sahakari Bank Ltd, Mumbai, Maharashtra, was placed under directions from close of business on August 31, 2016 vide directive dated August 31, 2016. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated March 25, 2019 and is valid upto September 30, 2019 subject to review. It is hereby notified for the information of the public that , the Reserve Bank of India, in exercise of powers vested i
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سبتمبر 30, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The CKP Co-operative Bank Ltd, Mumbai, MaharashtraThe CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being vide Directive dated June 24, 2019 and was valid upto September 30, 2019 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested iThe CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being vide Directive dated June 24, 2019 and was valid upto September 30, 2019 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested i
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سبتمبر 27, 2019Directions under Section 35A of the Banking Regulation Act, 1949 - Hindu Co-operative Bank Limited, Pathankot, Punjab - ExtensionReserve Bank of India had, in the public interest, issued Directions to Hindu Co-operative Bank Limited, Pathankot, Punjab in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) from the close of business on March 25, 2019. The Directions are now extended with certain modifications and would be applicable till March 24, 2020. A copy of the Extended Directive is displayed at Head Office/Reserve Bank of India had, in the public interest, issued Directions to Hindu Co-operative Bank Limited, Pathankot, Punjab in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) from the close of business on March 25, 2019. The Directions are now extended with certain modifications and would be applicable till March 24, 2020. A copy of the Extended Directive is displayed at Head Office/
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سبتمبر 26, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra - Relaxation in withdrawal limit of Deposit AccountsPunjab and Maharashtra Cooperative Bank Ltd., Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank has been placed under All-Inclusive Directions under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-1/D-1/12.22.183/19-20 dated September 23, 2019, in the interest of depositor protection. The Directions were necessitated on account of major fPunjab and Maharashtra Cooperative Bank Ltd., Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank has been placed under All-Inclusive Directions under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-1/D-1/12.22.183/19-20 dated September 23, 2019, in the interest of depositor protection. The Directions were necessitated on account of major f
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سبتمبر 25, 2019RBI extends validity of the Directions issued to the U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow (Uttar Pradesh)The Reserve Bank of India (RBI) has extended the Directions issued to the U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for a period of six months from September 26, 2019 to March 25, 2020, subject to review. The bank has been under directions since September 25, 2018 vide directive dated September 19, 2018 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the directive, which was issued up to SeptThe Reserve Bank of India (RBI) has extended the Directions issued to the U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for a period of six months from September 26, 2019 to March 25, 2020, subject to review. The bank has been under directions since September 25, 2018 vide directive dated September 19, 2018 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the directive, which was issued up to Sept
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سبتمبر 24, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Punjab and Maharashtra Cooperative Bank Limited, Mumbai, MaharashtraThe Reserve Bank of India (vide Directive dated September 23, 2019) has placed the Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 1,000 (Rupees one thousand only) of the total balance in every savings bank account or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI DirectionsThe Reserve Bank of India (vide Directive dated September 23, 2019) has placed the Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 1,000 (Rupees one thousand only) of the total balance in every savings bank account or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions
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سبتمبر 18, 2019Extension of Directions imposed on Vasantdada Nagari Sahakari Bank Limited, Osmanabad, MaharashtraReserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017 which were subsequently extended up to September 13, 2019. Reserve Bank of India has now further extended the directions for one month from September 14, 2019 to October 13, 201Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017 which were subsequently extended up to September 13, 2019. Reserve Bank of India has now further extended the directions for one month from September 14, 2019 to October 13, 201
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سبتمبر 17, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018. Reserve Bank of India has now further extended the directions for a period of six months from September 18, 2019 to March 17, 2020, subjectReserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018. Reserve Bank of India has now further extended the directions for a period of six months from September 18, 2019 to March 17, 2020, subject
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سبتمبر 13, 2019Reserve Bank of India imposes monetary penalty on The Goa Urban Co-operative Bank Ltd., Panaji (Goa)The Reserve Bank of India (RBI) has imposed, by order dated September 11, 2019, monetary penalty of ₹5 lakh on The Goa Urban Co-operative Bank Ltd., Panaji (the bank) for non-compliance with directions issued by RBI with respect to Supervisory Action Framework (SAF). 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) and Section 56 of the Banking Regulation Act, 1949, taking into accounThe Reserve Bank of India (RBI) has imposed, by order dated September 11, 2019, monetary penalty of ₹5 lakh on The Goa Urban Co-operative Bank Ltd., Panaji (the bank) for non-compliance with directions issued by RBI with respect to Supervisory Action Framework (SAF). 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) and Section 56 of the Banking Regulation Act, 1949, taking into accoun
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سبتمبر 13, 2019Reserve Bank of India imposes monetary penalty on The Mehmadabad Urban Peoples Co-operative Bank Ltd., MehmadabadThe Reserve Bank of India (RBI) has imposed, by order dated September 11, 2019, monetary penalty of ₹2 lakh on the Mehmadabad Urban Peoples Co-operative Bank Ltd., Mehmadabad (the Bank) for non-compliance with directions issued by RBI on sanction of loans and advances to directors and KYC norms/ AML standards. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking RegThe Reserve Bank of India (RBI) has imposed, by order dated September 11, 2019, monetary penalty of ₹2 lakh on the Mehmadabad Urban Peoples Co-operative Bank Ltd., Mehmadabad (the Bank) for non-compliance with directions issued by RBI on sanction of loans and advances to directors and KYC norms/ AML standards. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Reg
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سبتمبر 11, 2019Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh Withdrawal of Directions issued by the Reserve Bank of IndiaThe Reserve Bank of India had issued directions under Section 35A of the Banking Regulation Act, 1949 (as applicable to co-operative societies) to Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh vide directive dated June 04, 2014. Directions imposed were extended and modified from time to time, last such extension being up to September 11, 2019 vide Directive dated March 05, 2019. Reserve Bank, on being satisfied that in the public interest it is neceThe Reserve Bank of India had issued directions under Section 35A of the Banking Regulation Act, 1949 (as applicable to co-operative societies) to Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh vide directive dated June 04, 2014. Directions imposed were extended and modified from time to time, last such extension being up to September 11, 2019 vide Directive dated March 05, 2019. Reserve Bank, on being satisfied that in the public interest it is nece
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سبتمبر 10, 2019Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS)-The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra - Extension of periodThe Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.126/2017-18 dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions were extended from time to time last being vide Directive DCBR.CO.AID/No.D-36/12.22.126/2018-19 dated March 07, 2019 up to September 09, 2019. 2. It is hereby notified for the information of the public that, the ResThe Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.126/2017-18 dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions were extended from time to time last being vide Directive DCBR.CO.AID/No.D-36/12.22.126/2018-19 dated March 07, 2019 up to September 09, 2019. 2. It is hereby notified for the information of the public that, the Res
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سبتمبر 09, 2019Marginal Cost of Funds Based Lending Rate (MCLR) for the month August 2019The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of August 2019. Ajit Prasad Director Press Release: 2019-2020/653The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of August 2019. Ajit Prasad Director Press Release: 2019-2020/653
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أغسطس 30, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Rupee Co-operative Bank Ltd., Pune, MaharashtraRupee Co-operative Bank Ltd., Pune, Maharashtra was placed under directions vide directive dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated May 27, 2019 and was valid upto August 31, 2019, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in itRupee Co-operative Bank Ltd., Pune, Maharashtra was placed under directions vide directive dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated May 27, 2019 and was valid upto August 31, 2019, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it
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أغسطس 29, 2019Five NBFCs surrender their Certificate of Registration to RBIThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Isometric Capital Ventures Private Limited New No. 207/2, Old No. 93/2, T.T.K SalThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Isometric Capital Ventures Private Limited New No. 207/2, Old No. 93/2, T.T.K Sal
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أغسطس 29, 2019RBI cancels Certificate of Registration of Twelve NBFCsThe Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Padamsagar Enterprises Private Limited 3, Middleton Row, Kolkata-700 071 B-05.03692 November 14, 2003 July 22, 2019 2. Abbott Marketing PrivaThe Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Padamsagar Enterprises Private Limited 3, Middleton Row, Kolkata-700 071 B-05.03692 November 14, 2003 July 22, 2019 2. Abbott Marketing Priva
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أغسطس 20, 2019Directions under Section 35A of Banking Regulation Act (AACS), 1949- The Adoor Co-operative Urban Bank Ltd., Adoor, Kerala- Relaxation in withdrawal limit of Deposit AccountsThe Reserve Bank of India, vide Directive dated November 02, 2018, had placed the Adoor Co-operative Urban Bank Ltd., Adoor, Kerala under Directions. According to the Directions, depositors were allowed to withdraw a sum not exceeding ₹2000 (Rupees Two Thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. The Reserve Bank of India hThe Reserve Bank of India, vide Directive dated November 02, 2018, had placed the Adoor Co-operative Urban Bank Ltd., Adoor, Kerala under Directions. According to the Directions, depositors were allowed to withdraw a sum not exceeding ₹2000 (Rupees Two Thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. The Reserve Bank of India h
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أغسطس 16, 2019Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Dr. Shivajirao Patil Nilangekar Co-operative Bank Ltd. (Maharashtra) - Extension of All Inclusive DirectionsReserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Co-operative Bank Ltd., Nilanga, Dist. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of Banking Regulation Act, 1949 for a period of six months from the close of business on February 16, 2019 upto August 15, 2019. Reserve Bank of India has now further extendeReserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Co-operative Bank Ltd., Nilanga, Dist. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of Banking Regulation Act, 1949 for a period of six months from the close of business on February 16, 2019 upto August 15, 2019. Reserve Bank of India has now further extende
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أغسطس 16, 2019Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Mapusa Urban Co-operative Bank of Goa Ltd, Goa - Extension of Period of DirectionsReserve Bank issued Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 to The Mapusa Urban Co-operative Bank of Goa Ltd, Goa vide Directive dated July 24, 2015, as modified from time to time, last being vide Directive dated February 15, 2019 which extended the Directions upto August 18, 2019. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive dated JuReserve Bank issued Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 to The Mapusa Urban Co-operative Bank of Goa Ltd, Goa vide Directive dated July 24, 2015, as modified from time to time, last being vide Directive dated February 15, 2019 which extended the Directions upto August 18, 2019. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive dated Ju
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أغسطس 07, 2019RBI extends Directions to The Vaish Co-operative Commercial Bank Ltd., New DelhiThe Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended upto August 08, 2019, shall continue to apply to the bank for a further period oThe Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended upto August 08, 2019, shall continue to apply to the bank for a further period o
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أغسطس 06, 2019Marginal Cost of Funds Based Lending Rate (MCLR) for the month July 2019The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of July 2019. Ajit Prasad Director (Communications) Press Release : 2019-2020/361The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of July 2019. Ajit Prasad Director (Communications) Press Release : 2019-2020/361
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