Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR)

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RBI/2018-19/86 DBR.No.Ret.BC.10/12.02.001/2018-19 December 05, 2018 All Scheduled Commercial Banks (including Regional Rural Banks) Local Area Banks, Small Finance Banks, Payments Banks Primary (Urban) Co-operative Banks (UCBs) State and Central Co-operative…

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Meeting of the Monetary Policy Committee for the Sixth Bi-monthly Monetary Policy Statement, 2018-19

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The Monetary Policy Committee has decided to continue the practice of a three-day meeting format for the Sixth Bi-monthly Monetary Policy Statement 2018-19 commencing on February 5, 2019. Therefore, the…

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Real Time Gross Settlement (RTGS) System – Implementation of Positive Confirmation

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RBI/2018-19/76 DPSS (CO) RTGS No.1049/04.04.016/2018-19 November 15, 2018 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, Real Time Gross…

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Subsidiary General Ledger Account and Constituents' Subsidiary General Ledger Account: Eligibility Criteria and Operational Guidelines

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In exercise of powers conferred by Section 4 of Government Securities Act 2006, Reserve Bank of India had notified the conditions applicable for opening and maintaining of Subsidiary General Ledger…

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