Press Releases - આરબીઆઈ - Reserve Bank of India
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Press Releases
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ઑગસ્ટ 29, 2001New Banking Ombudsman at BhubaneshwarThe Reserve Bank of India has appointed Shri S.B. Mishra, I.A.S. (Retd.) as Banking Ombudsman at Bhubaneshwar from August 21, 2001.As Banking Ombudsman, Shri Mishra would have his office at Reserve Bank of India Building, Bhubaneshwar and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of Orissa.P.V. Sadanandan Asst. ManagerPress Release : 2001-02/244The Reserve Bank of India has appointed Shri S.B. Mishra, I.A.S. (Retd.) as Banking Ombudsman at Bhubaneshwar from August 21, 2001.As Banking Ombudsman, Shri Mishra would have his office at Reserve Bank of India Building, Bhubaneshwar and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of Orissa.P.V. Sadanandan Asst. ManagerPress Release : 2001-02/244
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ઑગસ્ટ 01, 2001New Banking Ombudsman at MumbaiThe Reserve Bank of India has appointed Shri S. G. Kale, I.A.S. (Retd.) as Banking Ombudsman at Mumbai from August 1, 2001. As Banking Ombudsman, Shri Kale would have his office at Garment House, Dr. Annie Besant Road, Worli, Mumbai 400 018 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the States of Maharashtra and Goa.P.V. Sadanandan Asst. ManagerPress Release: 2001-02/132The Reserve Bank of India has appointed Shri S. G. Kale, I.A.S. (Retd.) as Banking Ombudsman at Mumbai from August 1, 2001. As Banking Ombudsman, Shri Kale would have his office at Garment House, Dr. Annie Besant Road, Worli, Mumbai 400 018 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the States of Maharashtra and Goa.P.V. Sadanandan Asst. ManagerPress Release: 2001-02/132
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જૂન 04, 2001New Banking Ombudsman at AhmedabadThe Reserve Bank of India has appointed Shri Prabhu Dayal, former Managing Director, State Bank of Saurashtra as Banking Ombudsman at Ahmedabad from June 1, 2001. As Banking Ombudsman, Shri Prabhu Dayal would have his office at Reserve Bank of India Building, La Gajjar Chambers, Ashram Road, Ahmedabad-380 009 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of GujaratThe Reserve Bank of India has appointed Shri Prabhu Dayal, former Managing Director, State Bank of Saurashtra as Banking Ombudsman at Ahmedabad from June 1, 2001. As Banking Ombudsman, Shri Prabhu Dayal would have his office at Reserve Bank of India Building, La Gajjar Chambers, Ashram Road, Ahmedabad-380 009 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of Gujarat
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મે 05, 2001New Banking Ombudsman at ThiruvananthpuramThe Reserve Bank of India has appointed Shri G.P.Muniappan, former Executive Director, Reserve Bank of India as Banking Ombudsman at Thiruvananthpuram from April 26, 2001. As Banking Ombudsman, Shri G.P.Muniappan would have his office at Reserve Bank of India Building, Bakery Junction, Thiruvananthpuram-695033 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of KeralaThe Reserve Bank of India has appointed Shri G.P.Muniappan, former Executive Director, Reserve Bank of India as Banking Ombudsman at Thiruvananthpuram from April 26, 2001. As Banking Ombudsman, Shri G.P.Muniappan would have his office at Reserve Bank of India Building, Bakery Junction, Thiruvananthpuram-695033 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of Kerala
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ડિસે 16, 2000New Banking Ombudsman for CalcuttaShri Dipak Rudra has been appointed as Banking Ombudsman at Calcutta with effect from December 15, 2000. The Ombudsman will be functioning from the RBI Building (9th floor), 15, Netaji Subhas Road, Calcutta-700 001 and his jurisdiction and authority shall extend to complaints against branches/offices of banks located within the territorial limits of the state of West Bengal and Sikkim. The Reserve Bank of India had, in 1995 announced the Banking Ombudsman Scheme to prShri Dipak Rudra has been appointed as Banking Ombudsman at Calcutta with effect from December 15, 2000. The Ombudsman will be functioning from the RBI Building (9th floor), 15, Netaji Subhas Road, Calcutta-700 001 and his jurisdiction and authority shall extend to complaints against branches/offices of banks located within the territorial limits of the state of West Bengal and Sikkim. The Reserve Bank of India had, in 1995 announced the Banking Ombudsman Scheme to pr
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ડિસે 06, 2000New Banking Ombudsman for ChennaiShri N. Raghavan has been appointed as Banking Ombudsman at Chennai with effect from November 22, 2000. The Ombudsman will be functioning from the Challa Mall, 8th floor, 11/11A, Sir Thyagaraja Road, T. Nagar, Chennai-600017 and his jurisdiction and authority shall extend to complaints against branches/offices of banks located within the territorial limits of the state of Tamilnadu and the union territories of Pondichery and Andaman & Nicobar Islands. The ReserveShri N. Raghavan has been appointed as Banking Ombudsman at Chennai with effect from November 22, 2000. The Ombudsman will be functioning from the Challa Mall, 8th floor, 11/11A, Sir Thyagaraja Road, T. Nagar, Chennai-600017 and his jurisdiction and authority shall extend to complaints against branches/offices of banks located within the territorial limits of the state of Tamilnadu and the union territories of Pondichery and Andaman & Nicobar Islands. The Reserve
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ડિસે 04, 2000New Banking Ombudsman for GuwahatiShri G. P. Barua has been appointed as Banking Ombudsman at Guwahati with effect from December 1, 2000. The Ombudsman will be functioning from the Reserve Bank of India building, Station Road, Guwahati-781 001 and his jurisdiction and authority shall extend to complaints against branches/offices of banks located within the territorial limits of the states of Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Triputa. The Reserve Bank of India had, inShri G. P. Barua has been appointed as Banking Ombudsman at Guwahati with effect from December 1, 2000. The Ombudsman will be functioning from the Reserve Bank of India building, Station Road, Guwahati-781 001 and his jurisdiction and authority shall extend to complaints against branches/offices of banks located within the territorial limits of the states of Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Triputa. The Reserve Bank of India had, in
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ફેબ્રુ 01, 1999New Banking Ombudsmen appointed at Tiruvanthapuram, Jaipur and ChandigarhThe Reserve Bank of India has appointed three new Banking Ombudsmen with effect from February 1, 1999 - S/Shri C. Harikumar, former Executive Director of the Reserve Bank of India, Dr. M.C. Bhandari, former Executive Director of the National Bank for Agriculture and Rural Development and Shri S.A. Rahman, former Banking Ombudsman, Tiruvanthapuram.As Banking Ombudsman the appointees will have jurisdiction and authority over complaints against branches and offices of baThe Reserve Bank of India has appointed three new Banking Ombudsmen with effect from February 1, 1999 - S/Shri C. Harikumar, former Executive Director of the Reserve Bank of India, Dr. M.C. Bhandari, former Executive Director of the National Bank for Agriculture and Rural Development and Shri S.A. Rahman, former Banking Ombudsman, Tiruvanthapuram.As Banking Ombudsman the appointees will have jurisdiction and authority over complaints against branches and offices of ba
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નવે 02, 1998New Banking Ombudsman at Hyderabad and BangaloreThe Reserve Bank of India has appointed Shri S. A. Hussain, former Executive Director, Reserve Bank of India as Banking Ombudsman at Hyderabad with effect from November 2, 1998. Shri R. K. Ragala, the earlier Banking Ombudsman, has completed his tenure as Banking Ombudsman from the close of business on October 31, 1998. As Banking Ombudsman, Shri Hussain would have his office at Reserve Bank of India Building, 6-1-56, Secretariat Road, Saifabad, Hyderabad-500 004 andThe Reserve Bank of India has appointed Shri S. A. Hussain, former Executive Director, Reserve Bank of India as Banking Ombudsman at Hyderabad with effect from November 2, 1998. Shri R. K. Ragala, the earlier Banking Ombudsman, has completed his tenure as Banking Ombudsman from the close of business on October 31, 1998. As Banking Ombudsman, Shri Hussain would have his office at Reserve Bank of India Building, 6-1-56, Secretariat Road, Saifabad, Hyderabad-500 004 and
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ઑગસ્ટ 08, 1998Bank credit to NBFCs for transport operators to be treated as priority sector lendingUnder the existing guidelines, advances to small road and water transport operators (SRWTOs) owning a fleet of vehicles not exceeding ten, are eligible to be classified-under priority sector lending of commercial banks. The Reserve Bank of India has now decided that bank credit to eligible non-banking finance companies (NBFCs) for financing of trucks for the purpose of on-lending to SRWTOs will be treated as priority sector lending. The ultimate borrowers, that is, SRUnder the existing guidelines, advances to small road and water transport operators (SRWTOs) owning a fleet of vehicles not exceeding ten, are eligible to be classified-under priority sector lending of commercial banks. The Reserve Bank of India has now decided that bank credit to eligible non-banking finance companies (NBFCs) for financing of trucks for the purpose of on-lending to SRWTOs will be treated as priority sector lending. The ultimate borrowers, that is, SR
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એપ્રિલ 22, 1998Present arragements for agricultural creditReport of The High-Level Committee on Agricultural Credit through Commercial Banks 5.01 Under the present arrangement, agricultural credit for all purposes relating to agricultural production and activities allied to agriculture whether of short, medium or long duration is provided by an extensive network of commercial bank branches in the rural and semi-urban areas. 5.02 Credit requirements for raising crops and working capital expenses for agricultural and livestockReport of The High-Level Committee on Agricultural Credit through Commercial Banks 5.01 Under the present arrangement, agricultural credit for all purposes relating to agricultural production and activities allied to agriculture whether of short, medium or long duration is provided by an extensive network of commercial bank branches in the rural and semi-urban areas. 5.02 Credit requirements for raising crops and working capital expenses for agricultural and livestock
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મે 05, 1997Banking Ombudsman for the States of West Bengal and SikkimThe Reserve Bank of India has appointed Shri S.L.Bose, IAS (Retd.), formerly Member, Board of Revenue and Secretary, Land Reforms, Government of West Bengal, as the Banking Ombudsman for the States of West Bengal and Sikkim, with effect from May 12, 1997. Shri Bose will be based at the Reserve Bank of India, 15, Netaji Subhas Road, Calcutta 700 001. It may be recalled that the Banking Ombudsman Scheme, 1995 was introduced by the Reserve Bank in June 1995. The Scheme,The Reserve Bank of India has appointed Shri S.L.Bose, IAS (Retd.), formerly Member, Board of Revenue and Secretary, Land Reforms, Government of West Bengal, as the Banking Ombudsman for the States of West Bengal and Sikkim, with effect from May 12, 1997. Shri Bose will be based at the Reserve Bank of India, 15, Netaji Subhas Road, Calcutta 700 001. It may be recalled that the Banking Ombudsman Scheme, 1995 was introduced by the Reserve Bank in June 1995. The Scheme,
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મે 05, 1997Banking Ombudsman for the States of West Bengal and SikkimTo facilitate Indian overseas investment in Nepal in Indian Rupees, Government of India, Ministry of Commerce have announced certain relaxations in the existing norms vide their notification issued on March 26, 1997. The relaxations are: Proposals for Indian Rupee investments in Nepal not exceeding Rs.25 crore will now be considered by the Reserve Bank of India under the Fast Track Route. Such proposals will be considered without any linkage to export/foreign exchangeTo facilitate Indian overseas investment in Nepal in Indian Rupees, Government of India, Ministry of Commerce have announced certain relaxations in the existing norms vide their notification issued on March 26, 1997. The relaxations are: Proposals for Indian Rupee investments in Nepal not exceeding Rs.25 crore will now be considered by the Reserve Bank of India under the Fast Track Route. Such proposals will be considered without any linkage to export/foreign exchange
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જૂન 05, 2023Governor, RBI launches अंतर्दृष्टि (ANTARDRISHTI) Financial Inclusion DashboardShri Shaktikanta Das, Governor, today launched a Financial Inclusion Dashboard, named, अंतर्दृष्टि (ANTARDRISHTI). As the name suggests, the dashboard will provide the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters. This facility will also enable to gauge the extent of financial exclusion at granular levels across the country so that such areas can be addressed. The dashboard, presently intended for internalShri Shaktikanta Das, Governor, today launched a Financial Inclusion Dashboard, named, अंतर्दृष्टि (ANTARDRISHTI). As the name suggests, the dashboard will provide the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters. This facility will also enable to gauge the extent of financial exclusion at granular levels across the country so that such areas can be addressed. The dashboard, presently intended for internal
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ફેબ્રુ 13, 2023Financial Literacy Week 2023Reserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a particular theme among members of public across the country. 2. The theme selected for current year FLW is “Good Financial Behaviour - Your Saviour” which will be observed between February 13 and 17, 2023. The theme aligns with the overall strategic objectives of the National Strategy for Financial Education: 2020-2025 whicReserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a particular theme among members of public across the country. 2. The theme selected for current year FLW is “Good Financial Behaviour - Your Saviour” which will be observed between February 13 and 17, 2023. The theme aligns with the overall strategic objectives of the National Strategy for Financial Education: 2020-2025 whic
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ઑગસ્ટ 02, 2022Financial Inclusion Index for March 2022The Reserve Bank of India had constructed a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country, in consultation with the concerned stakeholders including the Government and published it in August 2021 for the FY ending March 2021. Index for the year ending March 2022 has since been prepared. The value of FI Index for March 2022 stands at 56.4 vis-à-vis 53.9 in March 2021, with growth witnessed across all theThe Reserve Bank of India had constructed a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country, in consultation with the concerned stakeholders including the Government and published it in August 2021 for the FY ending March 2021. Index for the year ending March 2022 has since been prepared. The value of FI Index for March 2022 stands at 56.4 vis-à-vis 53.9 in March 2021, with growth witnessed across all the
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ફેબ્રુ 11, 2022Financial Literacy Week 2022Reserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on various themes among members of public across the country. 2. The theme selected for current year FLW is “Go Digital, Go Secure” which will be observed between February 14-18, 2022. This theme is one of the strategic objectives of the National Strategy for Financial Education 2020-2025. Focus will be on creating awareness aboReserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on various themes among members of public across the country. 2. The theme selected for current year FLW is “Go Digital, Go Secure” which will be observed between February 14-18, 2022. This theme is one of the strategic objectives of the National Strategy for Financial Education 2020-2025. Focus will be on creating awareness abo
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ઑગસ્ટ 17, 2021Reserve Bank of India introduces the Financial Inclusion IndexAs announced in the Statement on Developmental and Regulatory Policies in the first Bi-monthly Monetary Policy Statement for 2021-2022 dated April 07, 2021, the Reserve Bank of India has constructed a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country. The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector inAs announced in the Statement on Developmental and Regulatory Policies in the first Bi-monthly Monetary Policy Statement for 2021-2022 dated April 07, 2021, the Reserve Bank of India has constructed a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country. The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in
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મે 05, 2021Governor’s Statement, May 5, 2021As the financial year 2020-21 – the year of the pandemic – was drawing to a close, the Indian economy was advantageously poised, relative to peers. India was at the foothills of a strong recovery, having regained positive growth, but more importantly, having flattened the infections curve. In a few weeks since then, the situation has altered drastically. Today, India is fighting a ferocious rise in infections and mortalities. New mutant strains have emerged, causing sAs the financial year 2020-21 – the year of the pandemic – was drawing to a close, the Indian economy was advantageously poised, relative to peers. India was at the foothills of a strong recovery, having regained positive growth, but more importantly, having flattened the infections curve. In a few weeks since then, the situation has altered drastically. Today, India is fighting a ferocious rise in infections and mortalities. New mutant strains have emerged, causing s
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સપ્ટે 04, 2020RBI Releases Revised Priority Sector Lending GuidelinesReserve Bank of India has comprehensively reviewed the Priority Sector Lending (PSL) Guidelines to align it with emerging national priorities and bring sharper focus on inclusive development, after having wide ranging discussions with all stakeholders. Revised PSL guidelines will enable better credit penetration to credit deficient areas; increase the lending to small and marginal farmers and weaker sections; boost credit to renewable energy, and health infrastructureReserve Bank of India has comprehensively reviewed the Priority Sector Lending (PSL) Guidelines to align it with emerging national priorities and bring sharper focus on inclusive development, after having wide ranging discussions with all stakeholders. Revised PSL guidelines will enable better credit penetration to credit deficient areas; increase the lending to small and marginal farmers and weaker sections; boost credit to renewable energy, and health infrastructure
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જાન્યુ 10, 2020National Strategy for Financial Inclusion (NSFI): 2019-2024Financial inclusion is increasingly being recognised as a key driver of economic growth and poverty alleviation world over. Access to formal finance can boost job creation, reduce vulnerability to economic shocks and increase investments in human capital. Seven of the United Nations Sustainable Development Goals (SDG) of 2030 view financial inclusion as a key enabler for achieving sustainable development worldwide. To achieve the above objectives in a coordinated andFinancial inclusion is increasingly being recognised as a key driver of economic growth and poverty alleviation world over. Access to formal finance can boost job creation, reduce vulnerability to economic shocks and increase investments in human capital. Seven of the United Nations Sustainable Development Goals (SDG) of 2030 view financial inclusion as a key enabler for achieving sustainable development worldwide. To achieve the above objectives in a coordinated and
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સપ્ટે 13, 2019Report of the Internal Working Group to Review Agricultural CreditThe Reserve Bank of India had announced the constitution of the Internal Working Group (IWG) to Review Agricultural Credit in its Statement on Development and Regulatory Policies dated February 07, 2019 during the Sixth Bi-monthly Monetary Policy Review, 2018-19. The scope of the review inter alia, included the following: Credit reach: institutional credit, measures and factors/drivers that influence reach Cost effective and inclusive system: ease of credit and inclusThe Reserve Bank of India had announced the constitution of the Internal Working Group (IWG) to Review Agricultural Credit in its Statement on Development and Regulatory Policies dated February 07, 2019 during the Sixth Bi-monthly Monetary Policy Review, 2018-19. The scope of the review inter alia, included the following: Credit reach: institutional credit, measures and factors/drivers that influence reach Cost effective and inclusive system: ease of credit and inclus
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મે 31, 2019Financial Literacy Week 2019The Financial Literacy Week is an initiative of RBI to promote awareness on key topics every year through a focused campaign. Financial Literacy Week 2019 will be observed from June 3-7 on the theme of “Farmers” and how they benefit by being a part of the formal banking system. Growth in agriculture is necessary for the overall economic growth & finance is an essential enabler for the same. RBI is actively involved in formulating policies that enhance the flow ofThe Financial Literacy Week is an initiative of RBI to promote awareness on key topics every year through a focused campaign. Financial Literacy Week 2019 will be observed from June 3-7 on the theme of “Farmers” and how they benefit by being a part of the formal banking system. Growth in agriculture is necessary for the overall economic growth & finance is an essential enabler for the same. RBI is actively involved in formulating policies that enhance the flow of
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એપ્રિલ 25, 2019Mr. Agustín Carstens, Bank for International Settlements (BIS) delivered the Seventeenth C.D. Deshmukh Memorial Lecture titled “Central Banking and Innovation: Partners in the Quest for Financial Inclusion”The Reserve Bank of India hosted the Seventeenth C.D. Deshmukh Memorial Lecture on April 25, 2019 in Mumbai. The lecture was delivered by Mr. Agustín Carstens, General Manager, Bank for International Settlements (BIS). Governor Shri Shaktikanta Das in his opening remarks, welcomed the guests and highlighted the significance of the Lecture series, instituted by the Reserve Bank in the memory of Shri C.D. Deshmukh, the first Indian Governor of the Reserve Bank of India,The Reserve Bank of India hosted the Seventeenth C.D. Deshmukh Memorial Lecture on April 25, 2019 in Mumbai. The lecture was delivered by Mr. Agustín Carstens, General Manager, Bank for International Settlements (BIS). Governor Shri Shaktikanta Das in his opening remarks, welcomed the guests and highlighted the significance of the Lecture series, instituted by the Reserve Bank in the memory of Shri C.D. Deshmukh, the first Indian Governor of the Reserve Bank of India,
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માર્ચ 18, 2019Expert Committee on Micro, Small and Medium EnterprisesAs you are aware the Reserve Bank has constituted an ‘Expert Committee on Micro, Small & Medium Enterprises (MSMEs)’ to understand the structural bottlenecks and factors affecting the performance of the sector. The details regarding the constitution and terms of reference of the Committee is available at /en/web/rbi/-/press-releases/rbi-constitutes-expert-committee-on-micro-small-amp-medium-enterprises-msmes-45898. The Committee is undertaking a comprehensive reviAs you are aware the Reserve Bank has constituted an ‘Expert Committee on Micro, Small & Medium Enterprises (MSMEs)’ to understand the structural bottlenecks and factors affecting the performance of the sector. The details regarding the constitution and terms of reference of the Committee is available at /en/web/rbi/-/press-releases/rbi-constitutes-expert-committee-on-micro-small-amp-medium-enterprises-msmes-45898. The Committee is undertaking a comprehensive revi
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ફેબ્રુ 14, 2019National Centre for Financial Education (NCFE) - eLearning Management System and Content DevelopmentThe National Centre for Financial Education (NCFE) was setup in 2013 with support from all the financial sector regulators i.e., RBI, SEBI, IRDAI and PFRDA for implementation of the National Strategy for Financial Education (NSFE). It functions under the aegis of the Technical Group on Financial Inclusion and Financial Literacy (TGFIFL) of the sub-committee of the FSDC (Financial Stability and Development Council). NCFE is now a section 8 (Not for Profit) Company, incThe National Centre for Financial Education (NCFE) was setup in 2013 with support from all the financial sector regulators i.e., RBI, SEBI, IRDAI and PFRDA for implementation of the National Strategy for Financial Education (NSFE). It functions under the aegis of the Technical Group on Financial Inclusion and Financial Literacy (TGFIFL) of the sub-committee of the FSDC (Financial Stability and Development Council). NCFE is now a section 8 (Not for Profit) Company, inc
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ફેબ્રુ 04, 2019Kisan Credit Card (KCC) Scheme: Working Capital for Animal Husbandry and FisheriesThe Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for short term crop loans. In order to extend the operational flexibility to farmers engaged in Animal Husbandry and Fisheries the Government of India had announced their decision to extend the facilities of KCC to these farmers in the Budget 2018-19. The matter has been examined and in coThe Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for short term crop loans. In order to extend the operational flexibility to farmers engaged in Animal Husbandry and Fisheries the Government of India had announced their decision to extend the facilities of KCC to these farmers in the Budget 2018-19. The matter has been examined and in co
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સપ્ટે 25, 2017NCFE’s National Financial Literacy Assessment Test (NCFE-NFLAT) 2017-18National Centre for Financial Education (NCFE) invites all school students of class VI to XII to participate in the National Financial Literacy Assessment Test (NFLAT 2017-18) NCFE is a joint initiative of all financial sector regulators i.e. RBI, SEBI, IRDAI and PFRDA to implement the National Strategy for Financial Education and is currently being incubated at NISM. About NCFE-NFLAT 2017-18: The test is available in 3 categories i.e. NFLAT Junior (Class 6 to 8), NFLNational Centre for Financial Education (NCFE) invites all school students of class VI to XII to participate in the National Financial Literacy Assessment Test (NFLAT 2017-18) NCFE is a joint initiative of all financial sector regulators i.e. RBI, SEBI, IRDAI and PFRDA to implement the National Strategy for Financial Education and is currently being incubated at NISM. About NCFE-NFLAT 2017-18: The test is available in 3 categories i.e. NFLAT Junior (Class 6 to 8), NFL
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જૂન 05, 2017Financial Literacy Week (June 5- 9, 2017)Financial Literacy is the first step towards financial prosperity. Financial literacy empowers the common man with knowledge which enables better financial decision making and ultimately financial well-being. In order to create awareness at a large scale on key topics every year, Reserve Bank of India (RBI) has decided to observe one week in a year as ‘Financial Literacy Week’. RBI this year, across the States, will observe June 5 to 9 as the Financial Literacy Week.Financial Literacy is the first step towards financial prosperity. Financial literacy empowers the common man with knowledge which enables better financial decision making and ultimately financial well-being. In order to create awareness at a large scale on key topics every year, Reserve Bank of India (RBI) has decided to observe one week in a year as ‘Financial Literacy Week’. RBI this year, across the States, will observe June 5 to 9 as the Financial Literacy Week.
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જૂન 02, 2017Financial Literacy QuizTo emphasize the importance of financial literacy, the Reserve Bank of India is observing June 5-9, 2017 as Financial Literacy Week across the country. The Week will focus on four broad themes, viz. Know Your Customer (KYC), Exercising Credit Discipline, Grievance Redress and Going Digital (UPI and *99#). During this week, the Financial Literacy Centres (FLCs) and rural branches will conduct special camps and all bank branches in the country will display posters on thTo emphasize the importance of financial literacy, the Reserve Bank of India is observing June 5-9, 2017 as Financial Literacy Week across the country. The Week will focus on four broad themes, viz. Know Your Customer (KYC), Exercising Credit Discipline, Grievance Redress and Going Digital (UPI and *99#). During this week, the Financial Literacy Centres (FLCs) and rural branches will conduct special camps and all bank branches in the country will display posters on th
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ડિસે 13, 2016Shri R. Gandhi and Shri S. S. Mundra, RBI Deputy Governors brief Agencies on Currency Issues: Edited TranscriptVideo link Shri R Gandhi: The banks have since the start of the programme on November 10, 2016 till December 10, 2016 issued notes valued at ₹ 4.61 lakh crore to the public over their counters and through their ATMs. Specified Bank Notes (SBNs) of ₹ 500 and ₹ 1000 returned to RBI and Currency Chests amounted to ₹ 12.44 lakh crore as of December 10, 2016. In this period, the RBI has also issued to the public through the banks and their branches a total of 21.8 billionVideo link Shri R Gandhi: The banks have since the start of the programme on November 10, 2016 till December 10, 2016 issued notes valued at ₹ 4.61 lakh crore to the public over their counters and through their ATMs. Specified Bank Notes (SBNs) of ₹ 500 and ₹ 1000 returned to RBI and Currency Chests amounted to ₹ 12.44 lakh crore as of December 10, 2016. In this period, the RBI has also issued to the public through the banks and their branches a total of 21.8 billion
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જુલાઈ 18, 2016In the foreseeable future, we will bring formal financial services to every Indian who wants them: RBI Governor"In the foreseeable future, we will bring formal financial services to every Indian who wants them. Financial inclusion will be an important element in ensuring access and equity - the necessary building blocks for sustainable growth of our country." Dr. Raghuram G. Rajan said this today while speaking at the National Seminar on Equity, Access and Inclusion organised by National Institute of Rural Development and Panchayat Raj in Hyderabad. Stating that the imperative"In the foreseeable future, we will bring formal financial services to every Indian who wants them. Financial inclusion will be an important element in ensuring access and equity - the necessary building blocks for sustainable growth of our country." Dr. Raghuram G. Rajan said this today while speaking at the National Seminar on Equity, Access and Inclusion organised by National Institute of Rural Development and Panchayat Raj in Hyderabad. Stating that the imperative
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મે 22, 2016Strengthening Free Enterprise in India : RBI Governor"India has come a long way in encouraging free enterprise - from tiny shops to large internet start-ups, the spirit of entrepreneurship is alive. Doing business is now more reputable than just a few decades ago, as is getting rich. Graduates increasingly want to start businesses or work for start-ups rather than join an established consultancy or a bank. What was now needed was to continue improving the environment so that everyone had a better chance." This was state"India has come a long way in encouraging free enterprise - from tiny shops to large internet start-ups, the spirit of entrepreneurship is alive. Doing business is now more reputable than just a few decades ago, as is getting rich. Graduates increasingly want to start businesses or work for start-ups rather than join an established consultancy or a bank. What was now needed was to continue improving the environment so that everyone had a better chance." This was state
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એપ્રિલ 07, 2016RBI issues Instructions on Priority Sector Lending Certificates; Launches Portal for Trading ThemPhotograph The Reserve Bank of India today issued instructions on trading in Priority Sector Lending Certificates (PSLCs) (FIDD.CO.Plan.BC.23/04.09.01/2015-16 dated April 7, 2016). While releasing the instructions, Shri S. S. Mundra, Deputy Governor, Reserve Bank also launched a platform to enable trading in the certificates through its Core Banking Solution (CBS) portal (e-Kuber). All Scheduled Commercial Banks (including Regional Rural Banks), Urban Co-operative BanPhotograph The Reserve Bank of India today issued instructions on trading in Priority Sector Lending Certificates (PSLCs) (FIDD.CO.Plan.BC.23/04.09.01/2015-16 dated April 7, 2016). While releasing the instructions, Shri S. S. Mundra, Deputy Governor, Reserve Bank also launched a platform to enable trading in the certificates through its Core Banking Solution (CBS) portal (e-Kuber). All Scheduled Commercial Banks (including Regional Rural Banks), Urban Co-operative Ban
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માર્ચ 02, 2016Zonal Round of the RBI Policy Challenge on March 09, 2016The zonal round of the inaugural edition of the RBI Policy Challenge - a national level competition by the Reserve Bank of India to further the spread of knowledge regarding financial, monetary and banking matters among the student community - will be held on March 09, 2016, the Reserve Bank of India announced. The zonal rounds will be held among the winning teams of the regional round. The results of the regional rounds were announced on February 29, 2016 by variousThe zonal round of the inaugural edition of the RBI Policy Challenge - a national level competition by the Reserve Bank of India to further the spread of knowledge regarding financial, monetary and banking matters among the student community - will be held on March 09, 2016, the Reserve Bank of India announced. The zonal rounds will be held among the winning teams of the regional round. The results of the regional rounds were announced on February 29, 2016 by various
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ડિસે 28, 2015RBI releases Report of the Committee on Medium-term Path on Financial InclusionThe Reserve Bank of India has today placed on its website, the Report of the Committee on Medium-term Path on Financial Inclusion (Chairman: Shri Deepak Mohanty). Comments may please be emailed or sent by post to the Principal Chief General Manager, Reserve Bank of India, Financial Inclusion and Development Department, 10th Floor, Central Office Building, Shahid Bhagat Singh Marg, Mumbai-400001 by January 29, 2016. Background It may be recalled that, taking inspiratioThe Reserve Bank of India has today placed on its website, the Report of the Committee on Medium-term Path on Financial Inclusion (Chairman: Shri Deepak Mohanty). Comments may please be emailed or sent by post to the Principal Chief General Manager, Reserve Bank of India, Financial Inclusion and Development Department, 10th Floor, Central Office Building, Shahid Bhagat Singh Marg, Mumbai-400001 by January 29, 2016. Background It may be recalled that, taking inspiratio
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સપ્ટે 16, 2015RBI grants “In-principle” Approval to 10 Applicants for Small Finance BanksThe Reserve Bank of India (RBI) has today decided to grant “in-principle” approval to the following 10 applicants to set up small finance banks under the “Guidelines for Licensing of Small Finance Banks in the private sector” (Guidelines) issued on November 27, 2014. Names of selected applicants Au Financiers (India) Ltd., Jaipur Capital Local Area Bank Ltd., Jalandhar Disha Microfin Private Ltd., Ahmedabad Equitas Holdings P Limited, Chennai ESAF Microfinance and InvThe Reserve Bank of India (RBI) has today decided to grant “in-principle” approval to the following 10 applicants to set up small finance banks under the “Guidelines for Licensing of Small Finance Banks in the private sector” (Guidelines) issued on November 27, 2014. Names of selected applicants Au Financiers (India) Ltd., Jaipur Capital Local Area Bank Ltd., Jalandhar Disha Microfin Private Ltd., Ahmedabad Equitas Holdings P Limited, Chennai ESAF Microfinance and Inv
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સપ્ટે 15, 2015National Financial Literacy Assessment Test 2015-2016 on November 28-29National Centre for Financial Education (NCFE) will conduct the National Financial Literacy Assessment Test for 2015-2016 (NCFE-NFLAT 2015-16) on November 28 and 29, 2015. School students from classes VIII to X can participate in the test. National Institute of Securities Markets (NISM) has been identified as the nodal agency for the implementation of the National Strategy for Financial Education (NSFE). National Centre for Financial Education (NCFE) has been set up wNational Centre for Financial Education (NCFE) will conduct the National Financial Literacy Assessment Test for 2015-2016 (NCFE-NFLAT 2015-16) on November 28 and 29, 2015. School students from classes VIII to X can participate in the test. National Institute of Securities Markets (NISM) has been identified as the nodal agency for the implementation of the National Strategy for Financial Education (NSFE). National Centre for Financial Education (NCFE) has been set up w
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ઑગસ્ટ 19, 2015RBI grants “in-principle” approval to 11 Applicants for Payments BanksThe Reserve Bank of India has today decided to grant “in-principle” approval to the following 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Banks issued on November 27, 2014 (Guidelines). Aditya Birla Nuvo Limited Airtel M Commerce Services Limited Cholamandalam Distribution Services Limited Department of Posts Fino PayTech Limited National Securities Depository Limited Reliance Industries Limited Shri Dilip Shantilal Shanghvi SThe Reserve Bank of India has today decided to grant “in-principle” approval to the following 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Banks issued on November 27, 2014 (Guidelines). Aditya Birla Nuvo Limited Airtel M Commerce Services Limited Cholamandalam Distribution Services Limited Department of Posts Fino PayTech Limited National Securities Depository Limited Reliance Industries Limited Shri Dilip Shantilal Shanghvi S
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ઑગસ્ટ 07, 2015Strong Business Case for MSME Lending: RBI DG tells BankersLending to MSMEs makes a strong business case for the banks in view of the changing dynamics in the economy like demographic patterns, urbanisation trends, increasing thrust on industrialisation, addition of new customers under financial inclusion programme and growing levels of literacy. This was stated by Shri S S Mundra, Deputy Governor, Reserve Bank of India while launching the National Mission for Capacity Building of Bankers for financing MSME Sector in CollegeLending to MSMEs makes a strong business case for the banks in view of the changing dynamics in the economy like demographic patterns, urbanisation trends, increasing thrust on industrialisation, addition of new customers under financial inclusion programme and growing levels of literacy. This was stated by Shri S S Mundra, Deputy Governor, Reserve Bank of India while launching the National Mission for Capacity Building of Bankers for financing MSME Sector in College
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જુલાઈ 15, 2015RBI constitutes a Committee on Medium-term Path on Financial InclusionThe Reserve Bank of India today announced the constitution of a Committee with the objective of working out a medium-term (five year) measurable action plan for financial inclusion. It may be recalled that on the occasion of the Reserve Bank’s 80th anniversary, Hon’ble Prime Minister in his address urged the Bank to take the lead in encouraging financial institutions and to set a medium-to-long term target for sustainable financial inclusion. The terms of reference ofThe Reserve Bank of India today announced the constitution of a Committee with the objective of working out a medium-term (five year) measurable action plan for financial inclusion. It may be recalled that on the occasion of the Reserve Bank’s 80th anniversary, Hon’ble Prime Minister in his address urged the Bank to take the lead in encouraging financial institutions and to set a medium-to-long term target for sustainable financial inclusion. The terms of reference of
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એપ્રિલ 02, 2015RBI celebrates its 80th AnniversaryPrime Minister urges Banking Fraternity to set Goals for Next 20 Years to remove India's PovertyOpening remarks by Dr. Raghuram G. Rajan, Governor, Reserve Bank of IndiaPrime Minister's remarksPrime Minister's remarks full text in HindiVideo recording of inaugural function of RBI celebrating completion of its 80th yearPrime Minister urges Banking Fraternity to set Goals for Next 20 Years to remove India's PovertyOpening remarks by Dr. Raghuram G. Rajan, Governor, Reserve Bank of IndiaPrime Minister's remarksPrime Minister's remarks full text in HindiVideo recording of inaugural function of RBI celebrating completion of its 80th year
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નવે 17, 2014RBI’s College of Agricultural Banking to conduct an Essay Competition to promote Financial LiteracyThe Reserve Bank of India’s College of Agricultural Banking (CAB), Pune is conducting an essay competition to promote financial literacy. The theme for the Essay Competition 2014 is “How to make India a financially literate country – Strategies”. The competition is open for participation for two channels of participants; viz.: (i) the staff of various banks, namely, scheduled commercial banks, regional rural banks, state cooperative banks, National Bank for AgriculturThe Reserve Bank of India’s College of Agricultural Banking (CAB), Pune is conducting an essay competition to promote financial literacy. The theme for the Essay Competition 2014 is “How to make India a financially literate country – Strategies”. The competition is open for participation for two channels of participants; viz.: (i) the staff of various banks, namely, scheduled commercial banks, regional rural banks, state cooperative banks, National Bank for Agricultur
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નવે 14, 2014Raipur School wins in National Finals of RBIQ: DD to telecast Semi Finals and Finals on November 29, December 6, 13, 20 and 25, 2014Photographs Master Mukund Choudhary and Master Jay Puri Goswami of Krishna Public School, Dunda, Raipur emerged as winners in the tough, brain-teasing national finals of RBIQ 2014 held in Mumbai today. Master K V Siddharth and Master Preetham Upadhya of Lourdes Central School, Mangalore were the runners up. RBIQ is the annual all-India Inter-School Quiz launched by the Reserve Bank of India in 2012. It is one more important effort of the Reserve Bank towards spreadingPhotographs Master Mukund Choudhary and Master Jay Puri Goswami of Krishna Public School, Dunda, Raipur emerged as winners in the tough, brain-teasing national finals of RBIQ 2014 held in Mumbai today. Master K V Siddharth and Master Preetham Upadhya of Lourdes Central School, Mangalore were the runners up. RBIQ is the annual all-India Inter-School Quiz launched by the Reserve Bank of India in 2012. It is one more important effort of the Reserve Bank towards spreading
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ઑક્ટો 28, 2014RBI seeks Public Comments on Criteria for Institutions seeking Financial Assistance from Depositor Education FundThe Reserve Bank of India has today placed on its website draft criteria for registering institutions, organisations and associations for grant of financial assistance from the Depositor Education and Awareness Fund (Fund) under the Depositor Education and Awareness Fund Scheme, 2014 (Scheme). Members of public, banks, academia, industry and other stakeholders may send their comments on the criteria to Chief General Manager, Reserve Bank of India, Department of BankinThe Reserve Bank of India has today placed on its website draft criteria for registering institutions, organisations and associations for grant of financial assistance from the Depositor Education and Awareness Fund (Fund) under the Depositor Education and Awareness Fund Scheme, 2014 (Scheme). Members of public, banks, academia, industry and other stakeholders may send their comments on the criteria to Chief General Manager, Reserve Bank of India, Department of Bankin
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જાન્યુ 31, 2014Annual Conference of Banking Ombudsmen 2014The Annual Banking Ombudsmen Conference was held at the Reserve Bank of India, Mumbai on January 30, 2014 and was inaugurated by Dr. Raghuram G. Rajan, Governor, Reserve Bank of India. The Governor delivered the keynote address and expressed that customer protection is at the core of the central Banks’ concerns. He released the Annual Report of the Banking Ombudsman Scheme for year 2012-2013. The Annual Report contains the highlights of the performance of 15 Offices oThe Annual Banking Ombudsmen Conference was held at the Reserve Bank of India, Mumbai on January 30, 2014 and was inaugurated by Dr. Raghuram G. Rajan, Governor, Reserve Bank of India. The Governor delivered the keynote address and expressed that customer protection is at the core of the central Banks’ concerns. He released the Annual Report of the Banking Ombudsman Scheme for year 2012-2013. The Annual Report contains the highlights of the performance of 15 Offices o
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જાન્યુ 04, 2013RBI sets up a Working Group to Review Banking Ombudsman SchemeApropos the recommendations of the Committee on Customer Service in Banks (Damodaran Committee) pertaining to Banking Ombudsman Scheme 2006 and the Rajya Sabha Committee on Subordinate Legislation, a Working Group (Chairperson: Smt. Suma Varma) has been constituted in the Reserve Bank of India to review, update, and revise the Banking Ombudsman Scheme, 2006. This was revealed in the Annual Report of the Banking Ombudsman Scheme, 2011-12 published here today by the ResApropos the recommendations of the Committee on Customer Service in Banks (Damodaran Committee) pertaining to Banking Ombudsman Scheme 2006 and the Rajya Sabha Committee on Subordinate Legislation, a Working Group (Chairperson: Smt. Suma Varma) has been constituted in the Reserve Bank of India to review, update, and revise the Banking Ombudsman Scheme, 2006. This was revealed in the Annual Report of the Banking Ombudsman Scheme, 2011-12 published here today by the Res
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ફેબ્રુ 24, 2012RBI releases Annual Report of the Banking Ombudsman SchemeThe Reserve Bank of India, today, released the Annual Report of the Banking Ombudsman Scheme for the year 2010-2011. The Banking Ombudsman Scheme was instituted by the Reserve Bank in 1995 to provide speedy solutions to the grievances of bank customers. There are 15 Offices of Banking Ombudsmen across the country. The report is a synopsis of activities of all the offices of Banking Ombudsman. The report indicates that compared to last year there was decline of 10 perThe Reserve Bank of India, today, released the Annual Report of the Banking Ombudsman Scheme for the year 2010-2011. The Banking Ombudsman Scheme was instituted by the Reserve Bank in 1995 to provide speedy solutions to the grievances of bank customers. There are 15 Offices of Banking Ombudsmen across the country. The report is a synopsis of activities of all the offices of Banking Ombudsman. The report indicates that compared to last year there was decline of 10 per
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સપ્ટે 06, 2011Banking Ombudsman Conference : Ten Action Points to improve Customer Service of Banks1. Indian Banks’ Association (IBA) will standardise most important terms and conditions (MITC) for at least ten important banking transactions and circulate among banks for adaptation. 2. Banks would initiate the process of providing one view of all bank accounts of a customer including deposits, loans, etc., with the help of available technology, such as, core banking solution. Banks would be complete the process within one year. 3. Banks would convey to the Reserve1. Indian Banks’ Association (IBA) will standardise most important terms and conditions (MITC) for at least ten important banking transactions and circulate among banks for adaptation. 2. Banks would initiate the process of providing one view of all bank accounts of a customer including deposits, loans, etc., with the help of available technology, such as, core banking solution. Banks would be complete the process within one year. 3. Banks would convey to the Reserve
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