Au Small Finance Bank Limited has commenced operations as a small finance bank with effect from April 19, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India. Au Financiers (India) Limited, Jaipur was one of the ten applicants which were issued in-principle approval for setting up a small finance bank, as announced in the press release on September 16,

Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, New Delhi-I, the Reserve Bank has set up an Office of the Banking Ombudsman for the State of Jammu and Kashmir at Reserve Bank of India, Jammu. The Office of the Banking Ombudsman at Reserve Bank of India, Jammu will have the jurisdiction over the entire State of Jammu and Kashmir which, hitherto was un

The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Royal Monetary Authority of Bhutan. The MoU was signed by Mr Phajo Dorjee, Deputy Governor on behalf of Royal Monetary Authority of Bhutan and Mr S S Mundra, Deputy Governor on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of

Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, Bhopal, the Reserve Bank has set up an Office of the Banking Ombudsman for the State of Chhattisgarh at Reserve Bank of India, Raipur. The Office of the Banking Ombudsman at Reserve Bank of India, Raipur will have the jurisdiction over the entire State of Chhattisgarh which, hitherto was under the juris

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 01-APR-2016 17-MAR-2017 * 31-MAR-2017 * 01-APR-2016 17-MAR-2017 * 31-MAR-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1672.42 1648.32 1775.42 1738.81 1715.04 1842.40 ** b) Borrowings from banks 519.06 552.06 571.13 522.27 552.86 571.43 c) Other demand & time liabilities 58.15 68.24 51.15 58.15 68.24 51.15 II LIABILITIES TO OTHERS (A) a) D

The Reserve Bank of India today released on its website a Discussion Paper on ‘Wholesale & Long-Term Finance Banks’. The discussion paper explores the scope for setting up more differentiated banks, specifically wholesale & long-term finance banks in the context of having issued in-principle approvals and licences to set up differentiated banks, such as, payments banks and small finance banks. As envisaged in the discussion paper, the Wholesale and Long-Term F

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 18-Mar-16 03-MAR-2017 * 17-MAR-2017 * 18-Mar-16 03-MAR-2017 * 17-MAR-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1522.13 1603.06 1648.32 1583.23 1668.53 1715.04 ** b) Borrowings from banks 643.96 501.46 552.06 644.98 501.99 552.86 c) Other demand & time liabilities 84.18 42.95 68.24 84.18 42.95 68.24 II LIABILITIES TO OTHERS (A) a) Depos

The Reserve Bank of India today placed on its website the Technical Guidance Note on XBRL Returns – Harmonization of Banking Statistics. Background The Reserve Bank collects data in the form of returns from banks as part of statutory, regulatory, supervisory, policy and research requirements. Since the data is used for compilation of certain key banking statistics at aggregate level, ensuing quality and uniformity of the inputs from the banks is of utmost importance.

To facilitate government receipt and payment functions, vide press release dated March 24, 2017, all Agency Banks were advised to keep all their bank branches dealing with government business open on all days in the current financial year (including Saturday, Sunday and all holidays) and on April 1, 2017. However, on reconsideration, it has been decided that these branches need not be opened on April 1, 2017. Anirudha D. Jadhav Assistant Manager Press Release : 2016-2

The Financial Action Task Force (FATF) has called on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdiction of Democratic People's Republic of Korea (DPRK). Jurisdiction of Iran is subject to a FATF call on its members to apply enhanced due diligence measures proportionate to the risks arising fro