Credit (finance)

RBI releases ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: September 2013’

The Reserve Bank of India today released on its website ˜Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks, September 2013'. The publication contains data on spatial distribution of aggregate deposits and gross bank credit of scheduled commercial banks including regional rural banks (RRBs) based on Basic Statistical Return (BSR)-7 as on last Friday… Read More

Tags: Credit (finance)Financial servicesIndiaPercentageReserve Bank of IndiaSeptember 2013State Bank of India

RBI Clarification on Unclaimed Scholarship deposits

RRBs - Unclaimed Deposits/Inoperative Accounts in Regional Rural Banks - Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes  --------------------------------------- RBI/2013-14/312 RPCD.CO.RRB.BC.No.41/03.05.33/2013-14 October 4, 2013 The Chairmen Regional Rural Banks Dear Sir/Madam, Unclaimed Deposits/Inoperative Accounts in Regional Rural Banks - Treatment of certain… Read More

Tags: BankCBSCredit (finance)Direct Benefit TransferGeneral managerRegional Rural Bank

RBI releases ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: March 2013’

The Reserve Bank of India today released on its website ˜Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks, March 2013™. The publication contains data on spatial distribution of aggregate deposits and gross bank credit of scheduled commercial banks including regional rural banks (RRBs) based on Basic Statistical Return (BSR)-7 as on March 31,… Read More

Tags: Commercial bankCredit (finance)IndiaRegional Rural BankReserve Bank of IndiaRun batted inState Bank of India

RBI publication on Deposits and Credit Statistics of SCBs

The Reserve Bank of India today released its 'Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks, June 2012™. The publication contains data on spatial distribution of aggregate deposits and gross bank credit of scheduled commercial banks including regional rural banks (RRBs) based on Basic Statistical Return (BSR)-7 as on June 29, 2012. The… Read More

Tags: BusinessCredit (finance)Foreign Exchange Management ActIndiaPercentageRegional Rural BankReserve Bank of India

Transfer Pricing: Delay payments by Associated Enterprise does not attract notional interest addition

CLR Editorial Notes: There was a delay in payment of credit between an Organization and its Associated Enterprise (AE). The Organization (assessee) raised invoices on its  AE and gave 30 days of credit for the payments. There was a delay by the AE in making the payments beyond the given credit period. The Transfer Pricing Officer… Read More

Tags: BusinessCommonwealth Law ReportsCredit (finance)Financial servicesIndiaInterestITAT MumbaiMumbaiPaymenttransfer pricing

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