State Bank Of India | Corporate Law Reporter

Indian Banking: the New Landscape

- Keynote address by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, at the Mint™s Annual Banking Conference, 2014 in Mumbai on January 31, 2014 Sukumar and Tamal, thank you very much, for this invite. I am happy to note that you and your paper- the Mint, have been focussing on the process of change… Read More

Tags: Banking in India, Basel III, Citibank-India, India, Mumbai, Reserve Bank of India, State Bank of India, United States

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), Deposit account, Financial services, India, Percentage, Reserve Bank of India, September 2013, State Bank of India

Regaining the Growth Momentum: Issues and Imperatives

(Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Sixth Annual Banking Conference Bank on it, 2013 organised by the Narsee Monjee Institute of Management Studies in Mumbai on Oct 5, 2013) Shri Pratip Chaudhuri, Former Chairman, State Bank of India; Dr. Rajan Saxena, Vice-Chancellor, Narsee Monjee Institute of Management… Read More

Tags: Asia, Economy of India, Financial crisis of 2007â€“2008, India, Management, Narsee Monjee Institute of Management Studies, Reserve Bank of India, State Bank of India

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 bank, Credit (finance), Deposit account, India, Regional Rural Bank, Reserve Bank of India, Run batted in, State Bank of India

8% Savings (Taxable) Bonds, 2003 – Premature Encashment

RBI/2013-14/206 DGBA.CDD. No. 1448/13.01.299/2013-14 August 30, 2013 The Chairman / Managing Director Head Office (Government Accounts Department) State Bank of India and Associates All Nationalized Banks (Excluding Punjab and Sind Bank & Andhra Bank) Axis Bank Ltd./ICICI Bank Ltd./HDFC Bank Ltd./ Stock Holding Corporation of India Ltd. (SHCIL) Dear Sir/Madam, 8% Savings (Taxable) Bonds, 2003… Read More

Tags: Axis Bank, Bonds, Government of India, HDFC bank, ICICI Bank, India, Interest, State Bank of India

IMF-World Bank: India – Basel Core Principles for Effective Banking Supervision – Detailed Assessment Report

RBI welcomes the comprehensive review of banking regulation and supervision in India done with respect to the highest international standards, by the joint IMF-World Bank team. The Detailed Assessment Report (DAR) recognised that India made considerable progress towards developing a stable financial system through improvements in the legal, regulatory and supervisory framework, which led India to be… Read More

Tags: Banking in India, Basel Committee on Banking Supervision, Financial Sector Legislative Reforms Commission, Financial Stability and Development Council, India, Insurance Regulatory and Development Authority, Reserve Bank of India, State Bank of India

Constitution of Task Force on Currency Swap Arrangements and Trade

In view of the rising trade deficit and consequent current account deficit, a need has been felt to examine the role of Currency Swap Arrangement/Agreements in order to suggest a possible mechanism to address the issue. It has been decided to constitute a Task Force on Currency Swap Arrangements/Agreements. The Task Force will have the… Read More

Tags: Currency Swap Arrangement/Agreement, Department of Commerce, EXIM bank, FICCI, India, Reserve Bank of India, State Bank of India, Task Force

RTI Online Web Portal Launched

Union Minister of State for Personnel, Public Grievances & Pensions and Prime Minister™s Office Shri V Narayanasamy has said that rtionline web portal is another milestone in the regime of RTI that will further promote participation of our citizens in the process of governance and policy making decisions of the Government.Speaking at the launch of… Read More

Tags: Government of India, India, National Informatics Centre, New Delhi, Right to Information Act, Right to Information Act 2005, RTI, State Bank of India

Guidelines for Education Loans

Education Loans are disbursed by Banks as per Model Education Loan Scheme of Indian Bank Association (IBA). Reserve Bank of India (RBI) has deregulated the interest rates charged by Banks, linking up with their base rates. The interest rate on education loan accordingly varies depending upon the base rate and the quantum of loan. The… Read More

Tags: Bank, Education, India, Loan, Reserve Bank of India, Run batted in, State Bank of India, Student loan

Online Application of RTI

Government of India has started a RTI online web portal whereby Right to Information (RTI) applications can be filed online by Indian citizens, including those who are living abroad. The detailed procedure in filing of on-line RTI applications is as under:- An Indian citizen can file RTI application online through RTI online web-portal, having url… Read More

Tags: Government of India, India, Ministry of Personnel Public Grievances and Pensions (India), Payment gateway, Right to Information Act, Right to Information Act 2005, RTI, State Bank of India

Notifies rate of interest in respect of rupee denominated bond of an Indian company – section 194LD(2)

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION No. 56/2013 New Delhi, the 29th day of July, 2013 S.O. 2311(E) - In exercise of the powers conferred by the proviso to sub-section (2) of section 194LD of… Read More

Tags: Basis point, Gazette of India, Government of India, India, New Delhi, Reserve Bank of India, Run batted in, State Bank of India

Assignment of Lead Bank Responsibility in districts of Metropolitan Areas

RBI/2013-14/130 RPCD.CO.LBS.BC.No.12/02.08.001/2013-14 July 11, 2013 The Chairmen & Managing Directors All Lead Banks Dear Sir/Madam, Assignment of Lead Bank Responsibility in districts of Metropolitan Areas Please refer to paragraph 70 of Monetary Policy Statement 2013-14, in terms of which it was decided to bring all districts in metropolitan areas under the fold of the lead bank scheme.… Read More

Tags: Bank of India, Canara Bank, Delhi, Indian Overseas Bank, Mumbai, Oriental Bank of Commerce, Punjab National Bank, State Bank of India

Simplification of Procedure for deposit of tax and furnishing of information relating to TDS

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 39/2013 New Delhi, the 31st May, 2013 S.O.1404(E) - In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of… Read More

Tags: Central Government, Gazette of India, Income Tax Act 1961, New Delhi, Reserve Bank of India, State Bank of India, Tax Deducted at Source, Taxation in India