The Reserve Bank of India (RBI) has imposed, by order dated June 13, 2019, monetary penalty of ₹1 million on South Indian Bank Limited (the bank) for non-compliance with directions issued by RBI on ‘Guarantees and Co-acceptances’. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to the aforesaid dir

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 08-JUN-2018 24-MAY-2019 * 07-JUN-2019 * 08-JUN-2018 24-MAY-2019 * 07-JUN-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1530.74 1694.56 1745.07 1575.51 1739.45 1790.69 ** b) Borrowings from banks 821.9 710.42 716.26 827.92 710.45 716.47 c) Other demand & time liabilities 105.48 115.65 103.48 107.12 116.82 104.69 II LIABILITIES TO O

The Reserve Bank of India (RBI) has imposed, by order dated June 13, 2019, monetary penalty of ₹10 million on HDFC Bank Limited (the bank) for non-compliance with directions issued by RBI on ‘Know Your Customer (KYC/ Anti-Money Laundering (AML) norms’ and on reporting of frauds. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account f

The Reserve Bank of India had constituted an ‘Expert Committee on Micro, Small and Medium Enterprises’ under the Chairmanship of Shri U K Sinha in January 2019 to suggest long-term measures for the economic and financial sustainability of the MSME sector. The committee included: 1. Shri U.K. Sinha Former Chairman, Securities and Exchange Board of India Chairman 2. Shri Ram Mohan Mishra Additional Secretary, Development Commissioner MSME Member 3. Shri Pankaj Jain Addi

The Reserve Bank of India (RBI) has, by an order dated June 06, 2019, imposed a monetary penalty of ₹ 20 million on Kotak Mahindra Bank Limited (the bank) for non-compliance with the directions issued to the bank by RBI in exercise of its powers under sections 27(2) and 35A of the Banking Regulation Act, 1949 (the Act) to furnish information specified therein. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) r

Hon’ble Supreme Court, vide its order dated April 2, 2019, had held the RBI circular dated February 12, 2018 on Resolution of Stressed Assets as ultra vires. In light of the same, the Statement on Framework for Resolution of Stressed Assets issued by the Governor on April 4, 2019 had clarified that the Reserve Bank of India will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed ass

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 25-May-18 10-MAY-2019 * 24-MAY-2019 * 25-May-18 10-MAY-2019 * 24-MAY-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1521.75 1724.63 1695 1567.22 1769.55 1739.89 ** b) Borrowings from banks 764.25 673.31 710.28 769.07 674.17 710.31 c) Other demand & time liabilities 157.25 127.84 115.79 158.75 128.85 116.96 II LIABILITIES TO OTHERS (A) a) De

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2019. Ajit Prasad Assistant Adviser Press Release : 2018-2019/2859

RBI vide its Press Release dated June 29, 2018 had put in place an enforcement action framework in respect of statutory auditors for the lapses in the statutory audit of commercial banks. In terms of the aforesaid enforcement action framework, on account of the lapses identified in a statutory audit assignment carried out by the firm, M/s S.R.Batliboi & Co. LLP, Chartered Accountants (ICAI Firm Registration Number: 301003E), it has been decided that RBI will not a

Today, the Reserve Bank released its web publication entitled Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs), March 2019 on its Database on Indian Economy (DBIE) portal (web-link: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!3). Data on deposits, disaggregated by type and total credit are classified by states, districts, centres, population groups and bank groups, are collected from all SCBs, including regional rural banks