Tags : Discussion Paper, Governance, Commercial Banks
PMGKD Scheme Amended to Exclude Co-operative Banks From Accepting Deposits(23.01.2017)
Central Government has amended Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 to exclude Co-operative Banks from accepting deposits under P.....
Tags : Pradhan Mantri Garib Kalyan Deposit Scheme, Co-operative Banks
RBI Issues Norms to Shore Up Governance Standards at Urban Cooperative Banks(02.01.2020)
Reserve Bank of India has released the final guidelines for setting up a board of management for such banks. According to the guidelines, UCBs, with d.....
Tags : RBI, Urban Cooperative Banks
Export Data Processing and Monitoring System expanded(26.05.2016)
The Export Data Processing and Monitoring System has been expanded with modules that will now include information on handling of shipping bills for ca.....
Tags : edpms, exporters, caution, monitoring, banks
SEBI Eases Norms on Consolidated Numbers for Banks, Insurance Companies(13.05.2020)
Securities and Exchange Board of India (SEBI) has exempted banks and insurance companies from publishing consolidated financial results for the June q.....
Tags : Securities and Exchange Board of India, Banks, Insurance Companies
RBI Boosts Affordable Housing(09.10.2015)
Reserve Bank of India (RBI) has said that banks could provide home loans up to 90% for properties that cost up to Rs 30 lakh, giving a boost to low-co.....
Tags : Reserve Bank of India,banks
Gujarat HC Seeks RBI’s Response over its Power to Ban DCCB Transactions & Restricts Withdrawal Limits(06.12.2016)
Gujarat High Court has asked Reserve Bank of India (RBI) whether it has powers to ban transactions at District Central Cooperative Banks (DCCB) or res.....
Tags : Gujarat High Court, demonetization, Co-Operative Banks
Delhi HC: Employees and Officials Working in Banks Have Larger Responsibility of Ensuring Integrity(20.12.2021)
Delhi High Court has observed that the employees and officials working in banks have a larger responsibility of ensuring the integrity of the banking .....
Tags : Delhi High Court, Employees and Officials Working in Banks
RBI Permits Banks to Convert Stressed Loans into Standard, Conditions Apply(25.09.2015)
RBI has said that it would permit banks to convert status of their "stressed" loans to a company into "standard" ones if entity is sold to a new major.....
Tags : RBI,Banks
Hyderabad HC Questions Centre’s Policy over Role of Cooperative Banks in Demonetization Drive(30.11.2016)
Hyderabad High Court has questioned Centre as to why it was not taking into confidence Cooperative Banks in its fight against black money.
Tags : Hyderabad HC, Cooperative Banks , Demonetization
RBI Issues Operating Guidelines for Small Finance Banks and Payments Banks(07.10.2016)
Reserve Bank of India (RBI) has allowed payments banks and small finance banks to use digital banking to open bank accounts while streamlining their r.....
Tags : Reserve Bank of India, finance banks, payments banks, Guidelines
Bombay HC Directs RBI to Issue Payment of Salaries of Aided School Teachers(06.12.2016)
Bombay High Court has asked RBI to consider issue of payment of salaries to aided school teachers since it is disbursed through District Cooperative B.....
Tags : Bombay HC, District Cooperative Banks, salaries
Cabinet approves Interest Subvention to banks on Short-Term crop loan to farmers(14.06.2017)
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18......
Tags : Approval, Interest Subvention, Banks
SC Recalls Order for Promotion Quota in Banks(11.01.2016)
Supreme Court has recalled its direction to grant quota in promotions to SC/ST employees in higher grade posts in public sector banks, and left it to .....
Tags : Supreme Court, quota in promotions to SC/ST employees , public sector banks
General guidelines for implementation of e-payment of excise refund and rebate(12.01.2016)
The Central Board of Excise and Customs has prescribed procedure for e-payment of refund and rebate. The procedure is hoped to speed transfer of funds.....
Tags : Excise, e-payment, refund, rebate, authorised banks
Judgments
SARFAESI Act is applicable to Cooperative Banks(05.05.2020)
In present case, the question relates to the scope of the legislative field covered by Entry 45 of List I viz. ‘Banking’ and Entry 32 of List II of th.....
Tags : SARFAESI Act, Co-operative banks, Applicability
SC: CBI to Conduct Preliminary Enquiries in ‘Builder-Banks’ Nexus(30.04.2025)
Supreme Court has directed the Central Bureau of Investigation to conduct preliminary enquiries into the National Capital Region’s nexus of builders a.....
Tags : Supreme Court, Preliminary Enquiries, ‘Builder-Banks’ Nexus
RBI Revises Priority Sector Lending Norms for RRBs(04.12.2015)
Reserve Bank of India (RBI) has revised the priority sector lending target for Regional Rural Banks (RRBs) to 75% of total outstanding loans from 60% .....
Tags : Reserve Bank of India, Regional Rural Banks
RBI: No Relaxation in CRR, SLR Norms(19.10.2015)
Reserve Bank of India (RBI) has junked the plea of entities that have secured licences to set up small finance banks that they be given some leeway in.....
Tags : Reserve Bank of India, small finance banks
RBI grants "in-principle" approval to 11 Applicants for Payments Banks(19.08.2015)
The Reserve Bank of India granted "in-principle" approval to 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Ban.....
Tags : Rbi, payments banks, approved, guidelines
Kar. HC: Banks Do Not Have the Power of Retaining Passport or OCI Card of Accused as Security(17.01.2024)
Karnataka High Court has held that banks do not have the authority to withhold the passport or OCI cards of an accused, even if, the accused has surre.....
Tags : Karnataka High Court, Passport, Banks
Lending and Deposit Rates of Scheduled Commercial Banks - January 2023(31.01.2023)
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of Janua.....
Tags : Lending, Deposit Rates, Commercial Banks
Bom. HC: Public Sector Banks Not Empowered to Issue Look Out Circulars Against Loan Defaulters(27.04.2024)
Bombay High Court has observed that Public Sector Banks are not authorized to issue look out circulars against loan defaulters. The power exercised by.....
Tags : Bombay High Court, Public Sector Banks, Look Out Circulars, Article 14 of COI, Article 21 of COI
Reporting of Transactions by agency banks to RBI(30.11.2017)
It has been brought to our notice that some agency banks are reporting government transactions after considerable delay and along with the current tra.....
Tags : RBI, Agency Banks, Transactions
Bombay HC Seeks RBI’s Response Over Inconsistencies in Demonetization Directives to Co-operative Bank(22.11.2016)
Bombay HC, while observing that prima facie there were some inconsistencies in two circulars issued by Reserve Bank to District Co-Operative Banks on .....
Tags : Bombay HC, Reserve Bank, Co-Operative Banks, demonetisation
Kerala High Court Upholds Ordinances Merging District Cooperative Banks(29.04.2021)
Kerala High Court has upheld Ordinances amending the Kerala Cooperative Society Act, 1969 to merge District Cooperative Banks in the state with the Ke.....
Tags : Kerala High Court, Ordinances Merging District Cooperative Banks
Delhi High Court: Finance Ministry Dept's Fine on Banks Reversed(09.09.2019)
Delhi High Court has dismissed 15 appeals by the Financial Intelligence Unit of the Finance Ministry against an order of the Appellate Tribunal of th.....
Tags : Delhi High Court, Banks
Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2021(25.08.2021)
1. The Reserve Bank of India has, from time to time, issued several guidelines/instructions/directives to the banks on Prudential Norms for Classifica.....
Tags : Master Directions, Investment Portfolio by Banks
Pay IT dues in advance at RBI or authorised bank branches(15.02.2016)
The Reserve Bank of India has authorized twenty nine agency banks to accept payments of income tax. The move hopes to reduce the heavy rush for remitt.....
Tags : Income tax, payment, agency banks, march
RBI Shortlists 10 Micro Lenders to Set Up Small Banks(17.09.2015)
RBI has shortlisted 10 micro lenders to set up small banks to advance loans primarily to unbanked, small businesses , farmers, micro industries, small.....
Tags : RBI ,small banks
RBI Issues Gold Bonds Operational Guidelines(05.11.2015)
Reserve Bank has issued operational guidelines for Sovereign Gold Bonds, 2015-16 and mandated some operational procedures for Commercial banks and pos.....
Tags : Reserve Bank of India, Commercial banks , post offices, Gold Bonds Operational Guidelines
RBI Relaxes Norms on Loans to CEOs, Directors of Banks(17.09.2015)
RBI has said that loans granted to CEO and Whole Time Director of banks for purchasing car, personal computer, furniture, constructing/acquiring house.....
Tags : RBI, Loans to CEOs, Directors of Banks
RBI Permits Cooperative Banks to Offer Internet Banking Services(06.11.2015)
RBI has allowed all cooperative banks to offer Internet banking services to their customers and said that any Urban Cooperative Bank, State Cooperativ.....
Tags : RBI , Cooperative Banks , Internet Banking Services
Composition and Ownership of Deposits with Scheduled Commercial Banks(11.01.2016)
The Reserve Bank of India released data related to the composition and ownership pattern of deposits with scheduled commercial banks as of March 31, 2.....
Tags : Scheduled banks, deposits, march 2015
IT dues payable in advance at authorised bank branches(16.05.2016)
Advance income tax can be paid at authorised banks instead of just with the Reserve Bank of India. Of the 29 banks authorised to acceptance tax remitt.....
Tags : Income tax, advance, authorised banks
Supreme Court Hints at Directing CBI Probe into Builder-Banks Nexus(06.03.2025)
Supreme Court has hinted at directing a CBI probe into a builder-banks nexus and expressed that some real estate companies and banks which sanction lo.....
Tags : Supreme Court, CBI Probe, Builder-Banks Nexus
Lending and Deposit Rates of Scheduled Commercial Banks - November 2023(30.11.2023)
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the mo.....
Tags : Lending rates, Deposit Rates, Commercial Banks
RBI Permits Custodians or Banks to Short-Sell in Govt. Bond Market(30.10.2015)
Reserve Bank of India (RBI) has permitted custodians or banks to short-sell in Government Bond Market with primary members or individual bank customer.....
Tags : Reserve Bank of India, Government Bond Market, Custodians , Banks
RBI Revises Norms For Action Against Weak Banks(14.04.2017)
Reserve Bank of India (RBI) has tightened rules that trigger regulatory action on lenders when they fall short of capital or exceed bad loan limits.
Tags : Reserve Bank of India, Weak Banks
Permitting non-scheduled payments banks to register as bankers to an issue(03.08.2021)
1. SEBI vide notification dated July 30, 2021, amended the SEBI (Bankers to an Issue) Regulations, 1994 (BTI Regulations) thereby permitting such othe.....
Tags : Non-scheduled payments banks, Registration, Permission
RBI releases Primary (Urban) Co-operative Banks' Outlook 2015-2016(29.12.2016)
The Reserve Bank of India today released the third volume of the annual publication titled 'Primary (Urban) Co-operative Banks' Outlook 2015-16'. The .....
Tags : Co-operative Banks, Urban, Publication, Release
Conduct of Government Business by Agency Banks - Payment of Agency Commission(13.08.2015)
The Reserve Bank of India issued a clarification on activities that do not come under the purview of agency bank business and are not eligible for pa.....
Tags : agency commission, government business, banks
Non-applicability of the provisions of section 31 read with clause (t) of section 56 of Banking Regulation Act, 1949 to primary co-operative banks till 31st December, 2020(29.09.2020)
In exercise of the powers conferred by sub-section (1) of section 53 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government, on the .....
Tags : Non-applicability, Provisions, Co-operative banks
Madhya Pradesh High Court Stays RBI Circular on Urban Cooperative Banks(06.09.2021)
Madhya Pradesh High Court has stayed a circular issued by the Reserve Bank of India (RBI) on June 25 which laid down several conditions related to Urb.....
Tags : Madhya Pradesh High Court, RBI Circular on Urban Cooperative Banks
Incognito visits to check banks’ customer service(16.02.2016)
The Reserve Bank of India is set to undertake incognito visits to bank branches to check the culture towards customer complaints in banks. It will als.....
Tags : Banks, Customer complaints, culture, charter
SC: SARFAESI Act Applicable to Cooperative Banks(06.05.2020)
Supreme Court has held that the co-operative banks under the State legislation and multi-State co-operative banks are 'banks' under Section 2(1)(c) of.....
Tags : Supreme Court, Cooperative Banks
Law to check scams in Banks(18.12.2018)
The Government has initiated formulation of laws to secure prudential banking and help effect a culture of credit discipline, including, inter alia, i.....
Tags : Scams, Banks, Law
Bombay HC Refuses to Hear Co-operative Banks Plea on Demonetization Issue(25.11.2016)
Bombay High Court has said that it cannot hear petitions filed by District Co-operative Banks on demonetization issue or grant any relief to them, and.....
Tags : Bombay High Court, Co-operative Banks, demonetization