Press Releases - આરબીઆઈ - Reserve Bank of India
Press Releases
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સપ્ટે 03, 2001Pay Income-tax dues in advance at any designated bank branch : RBIThe Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income tax dues at any of the designated bank branches. The income-tax department has authorised approximately 810 branches of public sector banks in Mumbai and Navi Mumbai to accept payment of income-tax dues. The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Reserve Bank's/ designated banks' counteThe Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income tax dues at any of the designated bank branches. The income-tax department has authorised approximately 810 branches of public sector banks in Mumbai and Navi Mumbai to accept payment of income-tax dues. The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Reserve Bank's/ designated banks' counte
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જુલાઈ 05, 2001Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on March 31, 2001'Banking Statistics: Quarterly Handout – March 2001' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on 31st March 2001, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from all scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The top hundred cent'Banking Statistics: Quarterly Handout – March 2001' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on 31st March 2001, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from all scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The top hundred cent
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જૂન 29, 2001Directory of Commercial Bank Offices in India in CD-ROM (Vol.-1.0) - December - 2000The Department of Statistical Analysis and Computer Services has brought out the "Directory of Commercial Bank Offices in India in CD-ROM, Volume-1.0" which presents details of branches of commercial bank offices in India as on December 31, 2000.The CD is query based and it works on multiple platforms, including Windows. Details of 67,784 branches/offices of commercial banks can be accessed through location route such as state, district, centre etc. as well as throughThe Department of Statistical Analysis and Computer Services has brought out the "Directory of Commercial Bank Offices in India in CD-ROM, Volume-1.0" which presents details of branches of commercial bank offices in India as on December 31, 2000.The CD is query based and it works on multiple platforms, including Windows. Details of 67,784 branches/offices of commercial banks can be accessed through location route such as state, district, centre etc. as well as through
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મે 11, 2001Bank financing of Equities and Investments in Shares (Revised Guidelines)In pursuance of the announcement made in October, 2000 in the Mid-term Review of the Monetary and Credit Policy for the year 2000-2001, the RBI-SEBI Technical Committee had reviewed the RBI guidelines set out in circular dated November 10, 2000 on banks investment in shares as also advances against shares and other connected exposures. Based on the feed back received from banks and market participants on the recommendations made by the Technical Committee and the draIn pursuance of the announcement made in October, 2000 in the Mid-term Review of the Monetary and Credit Policy for the year 2000-2001, the RBI-SEBI Technical Committee had reviewed the RBI guidelines set out in circular dated November 10, 2000 on banks investment in shares as also advances against shares and other connected exposures. Based on the feed back received from banks and market participants on the recommendations made by the Technical Committee and the dra
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એપ્રિલ 10, 2001Banks to process NPA Applications by September 30: RBIThe Reserve Bank of India has today advised all public sector banks that they should process all the applications for recovery of dues relating to non-performing assets received up to June 30, 2001 and decide on them not later than September 30, 2001. The Reserve Bank circular was issued to Chairmen and Managing Directors of all public sector banks, taking into account the views expressed by various industry/trade associations, individual borrowers, etc., as also by sThe Reserve Bank of India has today advised all public sector banks that they should process all the applications for recovery of dues relating to non-performing assets received up to June 30, 2001 and decide on them not later than September 30, 2001. The Reserve Bank circular was issued to Chairmen and Managing Directors of all public sector banks, taking into account the views expressed by various industry/trade associations, individual borrowers, etc., as also by s
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એપ્રિલ 09, 2001Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on Last Friday of December 2000'Banking Statistics: Quarterly Handout – December 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of December 2000, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The'Banking Statistics: Quarterly Handout – December 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of December 2000, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The
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એપ્રિલ 04, 2001RBI extends Processing Time for Applications of NPA Recovery till JuneThe Reserve Bank of India has advised all public sector banks to take decision on the applications for settlement of non-performing assets (NPAs) by June 30, 2001. In a letter addressed to the chief executives of public sector banks, it has advised that they should speedily process all the applications received for settlement of non-performing assets (NPAs) upto March 31, 2001 and take decision on these by June 30, 2001. The Reserve Bank had issued guidelines for recoThe Reserve Bank of India has advised all public sector banks to take decision on the applications for settlement of non-performing assets (NPAs) by June 30, 2001. In a letter addressed to the chief executives of public sector banks, it has advised that they should speedily process all the applications received for settlement of non-performing assets (NPAs) upto March 31, 2001 and take decision on these by June 30, 2001. The Reserve Bank had issued guidelines for reco
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એપ્રિલ 03, 2001Advisory Group on "Corporate Governance" submits reportThe Standing Committee on International Financial Standards and Codes (Chairman: Dr. Y.V. Reddy) constituted the Advisory Group on Corporate Governance under the Chairmanship of Dr. R.H. Patil with Dr. V.V. Desai, Sarvashri Deepak M. Satwalekar, M.G. Bhide, Nandan Nilenkani and Rajendra P. Chitale as members to study the present status of applicability and relevance and compliance of international standards and codes of industrialised and emerging countries and suggesThe Standing Committee on International Financial Standards and Codes (Chairman: Dr. Y.V. Reddy) constituted the Advisory Group on Corporate Governance under the Chairmanship of Dr. R.H. Patil with Dr. V.V. Desai, Sarvashri Deepak M. Satwalekar, M.G. Bhide, Nandan Nilenkani and Rajendra P. Chitale as members to study the present status of applicability and relevance and compliance of international standards and codes of industrialised and emerging countries and sugges
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માર્ચ 09, 2001Amalgamation of Bank of Madura Ltd. with ICICI Bank Ltd.In exercise of the powers contained in sub-section(4) of Section 44A of the Banking Regulation Act, 1949, the Reserve Bank of India sanctioned the Scheme of Amalgamation of Bank of Madura Ltd. with ICICI Bank Ltd. The Scheme shall come into force with effect from March 10, 2001. All the branches/offices of Bank of Madura Ltd. shall from March 10, 2001, function as branches/offices of ICICI Bank Ltd.Alpana Killawala General ManagerPress Release : 2000-01/1255In exercise of the powers contained in sub-section(4) of Section 44A of the Banking Regulation Act, 1949, the Reserve Bank of India sanctioned the Scheme of Amalgamation of Bank of Madura Ltd. with ICICI Bank Ltd. The Scheme shall come into force with effect from March 10, 2001. All the branches/offices of Bank of Madura Ltd. shall from March 10, 2001, function as branches/offices of ICICI Bank Ltd.Alpana Killawala General ManagerPress Release : 2000-01/1255
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માર્ચ 01, 2001Designated Bank Branches to receive Advance Income-taxFor the convenience of income tax (IT) assessees, arrangements have been made for receipt of advance income tax at all the computerised branches of all the public sector banks (approximately 810) in Mumbai and Navi Mumbai, the Reserve Bank of India has stated in a press release. The designated branches are authorised by the income tax department to accept payment of income tax dues. The Reserve Bank has advised assessees to take advantage of these standing arrangementFor the convenience of income tax (IT) assessees, arrangements have been made for receipt of advance income tax at all the computerised branches of all the public sector banks (approximately 810) in Mumbai and Navi Mumbai, the Reserve Bank of India has stated in a press release. The designated branches are authorised by the income tax department to accept payment of income tax dues. The Reserve Bank has advised assessees to take advantage of these standing arrangement
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ફેબ્રુ 27, 2001Advisory Group on "Insurance Regulation" submits Final ReportIt may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 in order to identify and monitor developments in global standards and codes, consider aspects of applicability of these standards to Indian financial system, periodically review the status and make available its reports to all concerned organisations in public or private sector. The Standing Committee chaired by Deputy Governor, Reserve Bank of InIt may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 in order to identify and monitor developments in global standards and codes, consider aspects of applicability of these standards to Indian financial system, periodically review the status and make available its reports to all concerned organisations in public or private sector. The Standing Committee chaired by Deputy Governor, Reserve Bank of In
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ફેબ્રુ 16, 2001Reserve Bank of India reduces the Bank Rate and Cash Reserve RatioAfter a review of recent developments in the international and domestic financial markets, Reserve Bank of India today announced the following measures :A reduction in the Bank Rate by half a percentage point from its present level of 8 per cent to 7.5 per cent effective close of business on February 16, 2001.A reduction in Cash Reserve Ratio (CRR) by 0.5 percentage point from its present level of 8.5 per cent to 8 per cent in two stages by 0.25 percentage point eachAfter a review of recent developments in the international and domestic financial markets, Reserve Bank of India today announced the following measures :A reduction in the Bank Rate by half a percentage point from its present level of 8 per cent to 7.5 per cent effective close of business on February 16, 2001.A reduction in Cash Reserve Ratio (CRR) by 0.5 percentage point from its present level of 8.5 per cent to 8 per cent in two stages by 0.25 percentage point each
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ફેબ્રુ 07, 2001BIS Working Group Meets in Delhi for Consultations on New Capital AccordA Working Group on Capital set up by the Core Principles Liaison Group (CPLG) of the Bank for International Settlements is currently meeting in New Delhi to discuss the proposals of the second consultative paper on the new capital accord. The Basel Committee on Banking Supervision had released the second consultative paper on the new capital accord in January 2001. The first consultative paper was released in June last year.The Working Group on Capital, chaired by Mr.A Working Group on Capital set up by the Core Principles Liaison Group (CPLG) of the Bank for International Settlements is currently meeting in New Delhi to discuss the proposals of the second consultative paper on the new capital accord. The Basel Committee on Banking Supervision had released the second consultative paper on the new capital accord in January 2001. The first consultative paper was released in June last year.The Working Group on Capital, chaired by Mr.
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જાન્યુ 18, 2001Advisory Group on International Accounting and Auditing submits reportThe Advisory Group on International Accounting and Auditing submitted its report to the Standing Committee on International Standards and Codes today. The Advisory Group is headed by Shri Y.H.Malegam with Shri N.P.Sarda, Shri Mohindar M.Khanna and Shri T.V.Mohandas Pai as members. The report is available on the RBI website (www.rbi.org.in) It may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 in ordeThe Advisory Group on International Accounting and Auditing submitted its report to the Standing Committee on International Standards and Codes today. The Advisory Group is headed by Shri Y.H.Malegam with Shri N.P.Sarda, Shri Mohindar M.Khanna and Shri T.V.Mohandas Pai as members. The report is available on the RBI website (www.rbi.org.in) It may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 in orde
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જાન્યુ 16, 2001Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on Last Friday of September 2000The 'Banking Statistics: Quarterly Handout – September 2000' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on Last Friday of September 2000, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the Scheduled Commercial Banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groupsThe 'Banking Statistics: Quarterly Handout – September 2000' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on Last Friday of September 2000, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the Scheduled Commercial Banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups
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જાન્યુ 16, 2001Advisory Groups on "Payment and Settlement System" and on "Bankruptcy laws" Submit ReportsIt may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 in order to identify and monitor developments in global standards and codes, consider aspects of applicability of these standards to Indian financial system, periodically review the status and make available its reports to all concerned organisations in public or private sector. The Standing Committee chaired by Deputy Governor, Reserve Bank of InIt may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 in order to identify and monitor developments in global standards and codes, consider aspects of applicability of these standards to Indian financial system, periodically review the status and make available its reports to all concerned organisations in public or private sector. The Standing Committee chaired by Deputy Governor, Reserve Bank of In
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જાન્યુ 06, 2001Aim at being the best: RBI Governor exhorts Indian Financial System"We have the comparative advantage, we have the resources, we have the manpower and we also have the respect of the world to make our financial system the best in the world. But the task is not easy." Stating this Dr. Bimal Jalan, Governor, Reserve Bank of India appealed to the National Institute for Bank Management and the banking community to debate and come up with a blueprint for the future of the banking system in India in say, another 10-15 years. The Governor w"We have the comparative advantage, we have the resources, we have the manpower and we also have the respect of the world to make our financial system the best in the world. But the task is not easy." Stating this Dr. Bimal Jalan, Governor, Reserve Bank of India appealed to the National Institute for Bank Management and the banking community to debate and come up with a blueprint for the future of the banking system in India in say, another 10-15 years. The Governor w
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જાન્યુ 03, 2001Guidelines on entry of new banks in the private sectorThe guidelines for licensing of new banks in the private sector were issued by the Reserve Bank of India (RBI) on January 22, 1993. Out of various applications received, RBI had granted licences to 10 banks. After a review of the experience gained on the functioning of the new banks in the private sector, in consultation with the Government, it has now been decided to revise the licensing guidelines. The revised guidelines for entry of new banks in private sector areThe guidelines for licensing of new banks in the private sector were issued by the Reserve Bank of India (RBI) on January 22, 1993. Out of various applications received, RBI had granted licences to 10 banks. After a review of the experience gained on the functioning of the new banks in the private sector, in consultation with the Government, it has now been decided to revise the licensing guidelines. The revised guidelines for entry of new banks in private sector are
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ડિસે 01, 2000Income-Tax Payment at Designated Banks BranchesDecember 1, 2000 The Reserve Bank of India has advised income tax assessees that over 800 branches of public sector banks in Mumbai and Navi Mumbai are authorised to accept payment of income tax dues as a standing arrangement.Income-tax assessees may take advantage of these standing arrangements made for their convenience. The Reserve Bank has also advised income-tax assessees in Mumbai and Navi Mumbai cities to deposit their income tax dues sufficiently in advance toDecember 1, 2000 The Reserve Bank of India has advised income tax assessees that over 800 branches of public sector banks in Mumbai and Navi Mumbai are authorised to accept payment of income tax dues as a standing arrangement.Income-tax assessees may take advantage of these standing arrangements made for their convenience. The Reserve Bank has also advised income-tax assessees in Mumbai and Navi Mumbai cities to deposit their income tax dues sufficiently in advance to
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નવે 29, 2000RBI Working Group on Risk based Internal Inspection/Audit in BanksThe Reserve Bank of India has set up a multi-disciplinary working group to look into introduction of risk based internal inspection/audit in banks in India and to make suitable recommendations. The composition of the Working Group is:1.Shri G. Sitharaman:Chairman President The Institute of Chartered Accountants of India 2.Shri K. L. Khetarpaul:Member Chief General Manager-in-Charge Reserve Bank of India Department of Banking Supervision Central Office, Mumbai 3.Shri AThe Reserve Bank of India has set up a multi-disciplinary working group to look into introduction of risk based internal inspection/audit in banks in India and to make suitable recommendations. The composition of the Working Group is:1.Shri G. Sitharaman:Chairman President The Institute of Chartered Accountants of India 2.Shri K. L. Khetarpaul:Member Chief General Manager-in-Charge Reserve Bank of India Department of Banking Supervision Central Office, Mumbai 3.Shri A
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નવે 15, 2000RBI releases Report on Trend and Progress of Banking in India - 1999-2000The Reserve Bank of India today released its Report on Trend and Progress of Banking in India - 1999-2000. The Report gives a detailed account of the performance of commercial banks, cooperative banks, development financial institutions and non-bank finance companies. In addition, the Report also gives policies and regulatory environment under which these institutions operate. The first chapter captures the banking developments and perspectives. In particular, attentiThe Reserve Bank of India today released its Report on Trend and Progress of Banking in India - 1999-2000. The Report gives a detailed account of the performance of commercial banks, cooperative banks, development financial institutions and non-bank finance companies. In addition, the Report also gives policies and regulatory environment under which these institutions operate. The first chapter captures the banking developments and perspectives. In particular, attenti
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નવે 10, 2000Working Group on Consolidated Accounting to Facilitate Consolidated SupervisionThe Reserve Bank of India has set up a multi-disciplinary working group to look into the introduction of consolidated accounting and other quantitative techniques of consolidated supervision of bank groups. The composition of the Working Group is: 1. Shri Vipin MallikChairman Chartered Accountant Member, Central Board of Directors, Reserve Bank of India 2. Shri K L KhetarpaulMember Chief General Manager-in-charge Reserve Bank of India Department of Banking SupervisionThe Reserve Bank of India has set up a multi-disciplinary working group to look into the introduction of consolidated accounting and other quantitative techniques of consolidated supervision of bank groups. The composition of the Working Group is: 1. Shri Vipin MallikChairman Chartered Accountant Member, Central Board of Directors, Reserve Bank of India 2. Shri K L KhetarpaulMember Chief General Manager-in-charge Reserve Bank of India Department of Banking Supervision
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ઑક્ટો 16, 2000Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks : Quarterly Handout : June 2000The 'Banking Statistics: Quarterly Handout - June 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of June 2000 with various classifications, has been published by the Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The pThe 'Banking Statistics: Quarterly Handout - June 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of June 2000 with various classifications, has been published by the Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The p
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ઑક્ટો 05, 2000No Change in Bank Rate /CRR considered : RBI GovernorIn response to a question from media persons on the sidelines of the Sixth Annual Seminar on Mutual Fund Industry, Dr. Bimal Jalan, Governor, Reserve Bank of India confirmed that "The mid-term review of the Monetary and Credit Policy, will be an absolutely routine exercise." He further added that the policy will review the developments in the economy and financial markets, including the forex market, since April. "No change in Bank Rate or Cash Reserve Ratio(CRR) is bIn response to a question from media persons on the sidelines of the Sixth Annual Seminar on Mutual Fund Industry, Dr. Bimal Jalan, Governor, Reserve Bank of India confirmed that "The mid-term review of the Monetary and Credit Policy, will be an absolutely routine exercise." He further added that the policy will review the developments in the economy and financial markets, including the forex market, since April. "No change in Bank Rate or Cash Reserve Ratio(CRR) is b
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સપ્ટે 28, 2000RBI Working Group on Discount of Bills submits ReportMaking bill finance available at interest rates lower than loan or cash credit, freedom to individual banks to lay down norms, abolition of stamp duty on bills of usance up to 182 days and exemption from stamp duty to financial institutions and registered non-banking finance companies are some of the recommendations of the Working Group on Discounting of Bills by Banks. The Working Group has also recommended allowing borrowers to discount bills drawn under letters ofMaking bill finance available at interest rates lower than loan or cash credit, freedom to individual banks to lay down norms, abolition of stamp duty on bills of usance up to 182 days and exemption from stamp duty to financial institutions and registered non-banking finance companies are some of the recommendations of the Working Group on Discounting of Bills by Banks. The Working Group has also recommended allowing borrowers to discount bills drawn under letters of
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સપ્ટે 26, 2000Advisory Group on Insurance Regulation - Part IThe Standing Committee on International Financial Standards and Codes (Chairman Dr. Y. V. Reddy) appointed 10 Advisory Groups of which Advisory Group on Insurance Regulation is one. The Group is chaired by Shri R. Ramakrishnan, former Executive Director, Life Insurance Corporation of India with Shri L. P. Venkataraman, Shri R. C. Rao, Shri T. G. Menon, Shri N. C. Gupta, as members. The Advisory Group has submitted Part I of the report. In accordance with the terms ofThe Standing Committee on International Financial Standards and Codes (Chairman Dr. Y. V. Reddy) appointed 10 Advisory Groups of which Advisory Group on Insurance Regulation is one. The Group is chaired by Shri R. Ramakrishnan, former Executive Director, Life Insurance Corporation of India with Shri L. P. Venkataraman, Shri R. C. Rao, Shri T. G. Menon, Shri N. C. Gupta, as members. The Advisory Group has submitted Part I of the report. In accordance with the terms of
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સપ્ટે 22, 2000Advisory Group on Banking Supervision - Part IThe Standing Committee on International Financial Standards and Codes (Chairman : Dr. Y. V. Reddy) had appointed ten Advisory Groups of which Advisory Group on Banking Supervision is one. The Group is chaired by Shri M. S. Verma, former Chairman, State Bank of India, with Shri K. R. Ramamoorthy, Shri H. N. Sinor and Shri Janki Ballabh as members. The Advisory Group has submitted Part I of its Report which deals with corporate governance in banks, supervision of crossThe Standing Committee on International Financial Standards and Codes (Chairman : Dr. Y. V. Reddy) had appointed ten Advisory Groups of which Advisory Group on Banking Supervision is one. The Group is chaired by Shri M. S. Verma, former Chairman, State Bank of India, with Shri K. R. Ramamoorthy, Shri H. N. Sinor and Shri Janki Ballabh as members. The Advisory Group has submitted Part I of its Report which deals with corporate governance in banks, supervision of cross
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સપ્ટે 09, 2000Pay Income-tax dues in advance at any designated bank branch : RBIThe Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income-tax dues at any of the designated bank branches. The income-tax department has authorised approximately 781 branches of public sector banks in Mumbai and Navi Mumbai to accept payment of income-tax dues. The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Reserve Bank / designated banks' counterThe Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income-tax dues at any of the designated bank branches. The income-tax department has authorised approximately 781 branches of public sector banks in Mumbai and Navi Mumbai to accept payment of income-tax dues. The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Reserve Bank / designated banks' counter
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જુલાઈ 11, 2000Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks:Quarterly Handout : March 2000The 'Banking Statistics: Quarterly Handout – March 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 2000, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the Scheduled Commercial Banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The publication iThe 'Banking Statistics: Quarterly Handout – March 2000' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 2000, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the Scheduled Commercial Banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The publication i
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જુલાઈ 10, 2000RBI's FAQs on Banking MattersThe Reserve Bank of India has published a booklet titled 'Replies to Questions, Frequently asked on Banking Matters' aims at providing answers to frequently asked questions on bank deposits, advances, hiring of premises by banks, advances against shares and debentures, etc. and is directed at banks, industry, associations and general public as well.The Reserve Bank of India issues circulars and directives from time to time on banking matters. Every effort is made to eThe Reserve Bank of India has published a booklet titled 'Replies to Questions, Frequently asked on Banking Matters' aims at providing answers to frequently asked questions on bank deposits, advances, hiring of premises by banks, advances against shares and debentures, etc. and is directed at banks, industry, associations and general public as well.The Reserve Bank of India issues circulars and directives from time to time on banking matters. Every effort is made to e
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જુલાઈ 03, 2000RBI releases FAQs on Banking MattersThe Reserve Bank of India has been issuing circulars and directives from time to time. While issuing such circulars/directives, every effort is made to ensure clarity of the instructions with rationale and logic. There have been occasions when banks, members of public, etc., sought clarifications or interpretation of the instructions conveyed. It was, therefore, felt that if a booklet was compiled containing answers to off repeated questions, it would be helpful to alThe Reserve Bank of India has been issuing circulars and directives from time to time. While issuing such circulars/directives, every effort is made to ensure clarity of the instructions with rationale and logic. There have been occasions when banks, members of public, etc., sought clarifications or interpretation of the instructions conveyed. It was, therefore, felt that if a booklet was compiled containing answers to off repeated questions, it would be helpful to al
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જૂન 21, 2000DBOD circulars on CD/RBI WebThe Reserve Bank of India has brought out a compact disc (CD) containing all the circulars issued by the Department of Banking Operations and Development up to March 31, 2000. In the CD the instructions issued up to end of 1995 are available in the form of a compendium; whereas those issued from January 1, 1996 are available in full text. The CD has been sent to all the banks. The contents of the CD are also made available on the RBI website (www.circulars.rbi.org.in)The Reserve Bank of India has brought out a compact disc (CD) containing all the circulars issued by the Department of Banking Operations and Development up to March 31, 2000. In the CD the instructions issued up to end of 1995 are available in the form of a compendium; whereas those issued from January 1, 1996 are available in full text. The CD has been sent to all the banks. The contents of the CD are also made available on the RBI website (www.circulars.rbi.org.in)
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એપ્રિલ 18, 2000Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks : Quarterly Handout : December 1999The 'Banking Statistics: Quarterly Handout - December 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on December 31, 1999 with various classifications, has been published by the Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The publThe 'Banking Statistics: Quarterly Handout - December 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on December 31, 1999 with various classifications, has been published by the Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The publ
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એપ્રિલ 01, 2000Reserve Bank of India announces Monetary Easing Measures to lower Interest RatesOn a review of liquidity and market conditions, Reserve Bank of India today announced the following measures: A reduction in Bank Rate by 1.0 percentage point from its present level of 8.0 per cent to 7.0 percent as at the close of business of April 1, 2000; A reduction in Cash Reserve Ratio (CRR) by 1 percentage point from its present level of 9.0 per cent to 8.0 per cent in two stages by 0.5 percentage point each effective from fortnights beginning April, 8 and ApriOn a review of liquidity and market conditions, Reserve Bank of India today announced the following measures: A reduction in Bank Rate by 1.0 percentage point from its present level of 8.0 per cent to 7.0 percent as at the close of business of April 1, 2000; A reduction in Cash Reserve Ratio (CRR) by 1 percentage point from its present level of 9.0 per cent to 8.0 per cent in two stages by 0.5 percentage point each effective from fortnights beginning April, 8 and Apri
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માર્ચ 06, 2000Designated bank branches to receive advance Income-taxFor the convenience of income tax (IT) assessees, arrangements have been made for receipt of advance income tax at 415 specified bank branches, the Reserve Bank of India has stated in a press release. Seventy-six branches of Bank of Baroda, 72 branches of Bank of India, 23 branches of Bank of Maharashtra, 71 branches of Central Bank of India, 21 branches of Dena Bank, 37 branches of Indian Overseas Bank, 70 branches of State Bank of India, 17 branches of United Bank oFor the convenience of income tax (IT) assessees, arrangements have been made for receipt of advance income tax at 415 specified bank branches, the Reserve Bank of India has stated in a press release. Seventy-six branches of Bank of Baroda, 72 branches of Bank of India, 23 branches of Bank of Maharashtra, 71 branches of Central Bank of India, 21 branches of Dena Bank, 37 branches of Indian Overseas Bank, 70 branches of State Bank of India, 17 branches of United Bank o
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ફેબ્રુ 25, 2000Amalgamation of Times Bank with HDFC BankIn exercise of the powers contained in Sub-section (4) of Section 44A of the Banking Regulation Act, 1949, the Reserve Bank of India has sanctioned the Scheme of Amalgamation of the Times Bank Ltd. With the HDFC Bank Ltd. The Scheme shall come into force with effect from February 26, 2000. All the branches of the Times Bank Ltd. Shall, from February 26, 2000, function as branches of HDFC Bank Ltd.Ajit Prasad ManagerPress Release : 1999-2000/1140In exercise of the powers contained in Sub-section (4) of Section 44A of the Banking Regulation Act, 1949, the Reserve Bank of India has sanctioned the Scheme of Amalgamation of the Times Bank Ltd. With the HDFC Bank Ltd. The Scheme shall come into force with effect from February 26, 2000. All the branches of the Times Bank Ltd. Shall, from February 26, 2000, function as branches of HDFC Bank Ltd.Ajit Prasad ManagerPress Release : 1999-2000/1140
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ફેબ્રુ 21, 2000PSBs can now open Savings Accounts In the Name of Zilla Parishads/Gram PanchayatsThe Reserve Bank of India has now allowed public sector banks to open savings bank accounts in the name of Zilla Parishads/Gram Panchayats in respect of funds released for implementation of various rural development/welfare programmes and/or subsidy/margin-money linked programmes sponsored by the State Governments/Government of India.The Reserve Bank earlier this year had allowed public sector banks to open savings bank accounts in the name of Collector/District MagisThe Reserve Bank of India has now allowed public sector banks to open savings bank accounts in the name of Zilla Parishads/Gram Panchayats in respect of funds released for implementation of various rural development/welfare programmes and/or subsidy/margin-money linked programmes sponsored by the State Governments/Government of India.The Reserve Bank earlier this year had allowed public sector banks to open savings bank accounts in the name of Collector/District Magis
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જાન્યુ 24, 2000PSBs can now open Savings Accounts in the Name of Collector/DM/DCThe Reserve Bank of India has now decided to allow public sector banks to open savings bank accounts in the name of Collector/District Magistrate/District Commissioner in respect of funds released for implementation of member of Parliament Local Area Development Scheme (MPLADS) where the works under the scheme are executed through Planning Department of the State Government. Public sector banks may also open savings bank accounts under MPLADS scheme in the name of DisThe Reserve Bank of India has now decided to allow public sector banks to open savings bank accounts in the name of Collector/District Magistrate/District Commissioner in respect of funds released for implementation of member of Parliament Local Area Development Scheme (MPLADS) where the works under the scheme are executed through Planning Department of the State Government. Public sector banks may also open savings bank accounts under MPLADS scheme in the name of Dis
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જાન્યુ 14, 2000Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks: Quarterly Handout: September 1999The 'Banking Statistics: Quarterly Handout - September 1999' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on 24th September 1999, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the Scheduled Commercial Banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The publThe 'Banking Statistics: Quarterly Handout - September 1999' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on 24th September 1999, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the Scheduled Commercial Banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The publ
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જાન્યુ 13, 2000RBI releases ALM Guidelines for FIsThe Reserve Bank of India has today released the Guidelines on asset liability management (ALM) system for the ten all-India term lending and refinancing institutions (FIs) on its website: www.rbi.org.in. The comprehensive guidelines to these institutions were issued on December 31, 1999 for instituting a structured asset liability management (ALM) system by them. The guidelines will be effective from April 1, 2000. FIs have been advised to constitute an Asset LiabiliThe Reserve Bank of India has today released the Guidelines on asset liability management (ALM) system for the ten all-India term lending and refinancing institutions (FIs) on its website: www.rbi.org.in. The comprehensive guidelines to these institutions were issued on December 31, 1999 for instituting a structured asset liability management (ALM) system by them. The guidelines will be effective from April 1, 2000. FIs have been advised to constitute an Asset Liabili
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ડિસે 29, 1999Report of the In-house Working Group on Asset SecuritisationThe Reserve Bank of India had set up an in-house Working Group to examine securitisation as a process of financial engineering and its applicability to the Indian financial system, especially in the mortgage and infrastructure sectors. The Working Group, with Shri V.S.N. Murty, Chief General Manager In-Charge of Department of Non-Banking Supervision as the Chairman and Shri K.K. Vohra, Deputy General Manager as Member-Secretary, had, as members, senior officers drawnThe Reserve Bank of India had set up an in-house Working Group to examine securitisation as a process of financial engineering and its applicability to the Indian financial system, especially in the mortgage and infrastructure sectors. The Working Group, with Shri V.S.N. Murty, Chief General Manager In-Charge of Department of Non-Banking Supervision as the Chairman and Shri K.K. Vohra, Deputy General Manager as Member-Secretary, had, as members, senior officers drawn
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ડિસે 03, 1999RBI sets up Working Group on Discounting of Bills by BanksThe Reserve Bank of India has constituted a Working Group on Discounting of Bills by banks to examine the possibility of extending bill discounting facility to services sector. At present, banks are allowed to discount only bills covering purchase of raw material/inventory for production purposes and sale of goods. Bills covering payment of electricity charges, customs duty, hire purchase/lease rental instalments and sale of securities are not eligible for discountingThe Reserve Bank of India has constituted a Working Group on Discounting of Bills by banks to examine the possibility of extending bill discounting facility to services sector. At present, banks are allowed to discount only bills covering purchase of raw material/inventory for production purposes and sale of goods. Bills covering payment of electricity charges, customs duty, hire purchase/lease rental instalments and sale of securities are not eligible for discounting
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નવે 29, 1999Now Income Tax payment at Designated Bank BranchesThe income tax department has authorised designated branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India to accept payment of income tax dues. Designated branches of these banks have made arrangements to receive advance income tax.The Reserve Bank of India has advised income tax assessees to take advantage of these standing arrangements made for their convenThe income tax department has authorised designated branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India to accept payment of income tax dues. Designated branches of these banks have made arrangements to receive advance income tax.The Reserve Bank of India has advised income tax assessees to take advantage of these standing arrangements made for their conven
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નવે 16, 1999RBI issues guideline on Debit / Smart CardsThe Reserve Bank of India has issued guidelines to the banks for issuing of debit cards and smart cards. With the spread of information technology, electronic money, namely, debit cards and smart cards are being increasingly used as alternative payment instruments. These guidelines have been issued with a view to helping banks to introduce appropriate schemes in issuing of electronic cards to ease pressure on physical cash.Debit cards are plastic cards connected withThe Reserve Bank of India has issued guidelines to the banks for issuing of debit cards and smart cards. With the spread of information technology, electronic money, namely, debit cards and smart cards are being increasingly used as alternative payment instruments. These guidelines have been issued with a view to helping banks to introduce appropriate schemes in issuing of electronic cards to ease pressure on physical cash.Debit cards are plastic cards connected with
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નવે 15, 1999RBI releases Report on Trend and Progress of Banking in India – 1998-99
The Reserve Bank of India today released its Report on Trend and Progress of Banking in India 1998-99. The Report gives a comprehensive account of the performance of commercial and cooperative banks, as also of other financial entities during 1998-99, besides the policy and regulatory environment in which they operate. The highlight of the Report is a detailed treatment of main aspects of the functioning of the non-banking finance companies (NBFCs).The first chapter c
The Reserve Bank of India today released its Report on Trend and Progress of Banking in India 1998-99. The Report gives a comprehensive account of the performance of commercial and cooperative banks, as also of other financial entities during 1998-99, besides the policy and regulatory environment in which they operate. The highlight of the Report is a detailed treatment of main aspects of the functioning of the non-banking finance companies (NBFCs).The first chapter c
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નવે 12, 1999Clarification on Gold Deposit SchemeSome clarifications have been sought as to whether the acceptance of gold under the gold deposit scheme is restricted only to gold in scrap form. The Reserve Bank of India has, therefore, clarified for the information of the general public that gold in any form such as ornaments, jewellery, coins, bars etc. may be tendered by the depositor to the bank authorised to accept such a deposit. The bank will then make a preliminary assay without breaking or changing the formSome clarifications have been sought as to whether the acceptance of gold under the gold deposit scheme is restricted only to gold in scrap form. The Reserve Bank of India has, therefore, clarified for the information of the general public that gold in any form such as ornaments, jewellery, coins, bars etc. may be tendered by the depositor to the bank authorised to accept such a deposit. The bank will then make a preliminary assay without breaking or changing the form
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નવે 01, 1999RBI Working Group suggests roadmap for Credit Information BureauThe Working Group constituted by the Reserve Bank of India to explore the possibilities of setting up a Credit Information Bureau in India submitted its report today. The Group in its report has pointed out that under the existing legal framework disclosure of information on banks’ customers is prohibited. However, pending legislative amendments, a beginning might be made for setting up a Credit Information Bureau that can operate with information relating to suit filThe Working Group constituted by the Reserve Bank of India to explore the possibilities of setting up a Credit Information Bureau in India submitted its report today. The Group in its report has pointed out that under the existing legal framework disclosure of information on banks’ customers is prohibited. However, pending legislative amendments, a beginning might be made for setting up a Credit Information Bureau that can operate with information relating to suit fil
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નવે 01, 1999Banks to remain closed on January 1 for Public DealingsThe Reserve Bank of India has issued a directive advising that all scheduled commercial banks, including regional rural banks, would remain closed for public transactions on January 1, 2000. This is in conformity with the international practices as a part of contingency plan for the year 2000 (Y2K) preparations.As per the Reserve Bank directive, banks would have to be kept open on that day for staff members so that continuity of business operations in the year 2000 coThe Reserve Bank of India has issued a directive advising that all scheduled commercial banks, including regional rural banks, would remain closed for public transactions on January 1, 2000. This is in conformity with the international practices as a part of contingency plan for the year 2000 (Y2K) preparations.As per the Reserve Bank directive, banks would have to be kept open on that day for staff members so that continuity of business operations in the year 2000 co
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ઑક્ટો 09, 1999Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks:Quarterly Handout: June 1999The 'Banking Statistics: Quarterly Handout - June 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on June 25, 1999, with various classifications, has been published by the Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The publicationThe 'Banking Statistics: Quarterly Handout - June 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on June 25, 1999, with various classifications, has been published by the Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The publication
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સપ્ટે 29, 1999Banks to remain closed for public on September 30, 1999All scheduled banks and co-operative banks in India shall remain closed for public transactions on September 30, 1999 to enable them to close their half-yearly books of accounts.Rupambara Padhi ManagerPress Release : 1999-2000/447All scheduled banks and co-operative banks in India shall remain closed for public transactions on September 30, 1999 to enable them to close their half-yearly books of accounts.Rupambara Padhi ManagerPress Release : 1999-2000/447
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