A type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

History of Bitcoin – According to legend, Satoshi Nakamoto began working on the Bitcoin concept in 2007. While he is on record as living in Japan, it is speculated that Nakamoto may be a collective pseudonym for more than one person. On 22 May 2010, Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC. In five days, the price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin. top of a price rally, during which the value was growing by 5-10% daily.

August 2008

Three individuals, Neal Kin, Vladimir Oksman, and Charles Bry file an application for an encryption patent application. All three individuals deny having any connection to Satoshi Nakamoto, the alleged originator of the Bitcoin concept. The three also register the site in the same month, over on – which allows people to buy domain names anonymously.

BitcoinBitcoin trading at over Rs 2 lakh in India as global prices cross $2,500

A surge in demand has seen a price rally in crypto-currencies worldwide, with buying led by investors in the US, China, Japan, Korea and even India. The average bitcoin price is around $2,670, about 155 per cent more than at the beginning of the year. In India, it went up to trade at Rs 2.26 lakh at the time of writing this report.
With supply lagging, the India price is at a 20 per cent premium to the global one; the South Korean market is at a 35 per cent premium, at $3,800. The US Bitstamp index is quoting at a $100 premium to the Chinese market. In India, one exchange has had to issue a cautionary note to investors; another is facing a system slowdown.
Zebpay, the largest exchange here, with a little over half a million investors, tweeted: “Bitcoin prices are very volatile now. Please use caution while investing. This is a new technology innovation on a global platform but at an early stage. Your investment should match your knowledge (about the bitcoin).”

Paytm Is Now Payments Bank – RBI

Image result for paytm bankAs per RBI press release (Press Release : 2016-2017/3148) Paytm is payment bank now.

Interest rate

The newly launched Paytm Payments Bank is offering 4% interest rate on savings account. Its competitor Airtel Payments Bank is giving 7.25% interest on deposits in savings accounts, while India Post Payments Bank is providing 5.5% interest on deposits depending on the amount.

Paytm Payments Bank’s interest rate is in line with all the large commercial banks, including State Bank of India, Bank of Baroda and ICICI Bank Ltd, which continue to offer 4% interest rate on savings account deposits. Some of the smaller banks, including Yes Bank Ltd and RBL Bank Ltd, offer 5.5-7.1% interest rate on savings accounts, depending on the deposit amount.

India Post Payments Bank is offering three kinds of accounts: one regular and two basic savings bank deposit accounts.

Date : May 23, 2017
Paytm Payments Bank Limited commences operations

Paytm Payments Bank Limited has commenced operations as a payments bank with effect from May 23, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India.

Shri Vijay Shekhar Sharma was one of the 11 applicants who was issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015.

Alpana Killawala
Principal Adviser



Foreign Institutional Investors (FIIs), Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs) are allowed to invest in the primary and secondary capital markets in India through the portfolio investment scheme (PIS). Under this scheme, FIIs/NRIs can acquire shares/debentures of Indian companies through the stock exchanges in India.

Image result for rbiThe ceiling for overall investment for FIIs is 24 per cent of the paid up capital of the Indian company and 10 per centfor NRIs/PIOs. The limit is 20 per cent of the paid up capital in the case of public sector banks, including the State Bank of India.

The ceiling of 24 per cent for FII investment can be raised up to sectoral cap/statutory ceiling, subject to the approval of the board and the general body of the company passing a special resolution to that effect. And the ceiling of 10 per cent for NRIs/PIOs can be raised to 24 per cent subject to the approval of the general body of the company passing a resolution to that effect.

The ceiling for FIIs is independent of the ceiling of 10/24 per cent for NRIs/PIOs.

The equity shares and convertible debentures of the companies within the prescribed ceilings are available for purchase under PIS subject to:

– the total purchase of all NRIs/PIOs both, on repatriation and non-repatriation basis, being within an overall ceiling limit of (a) 24 per cent of the company’s total paid up equity capital and (b) 24 per cent of the total paid up value of each series of convertible debenture; and

– the investment made on repatriation basis by any single NRI/PIO in the equity shares and convertible debentures not exceeding five per cent of the paid up equity capital of the company or five per cent of the total paid up value of each series of convertible debentures issued by the company.

Monitoring Foreign Investments

The Reserve Bank of India monitors the ceilings on FII/NRI/PIO investments in Indian companies on a daily basis. For effective monitoring of foreign investment ceiling limits, the Reserve Bank has fixed cut-off points that are two percentage points lower than the actual ceilings. The cut-off point, for instance, is fixed at 8 per cent for companies in which NRIs/ PIOs can invest up to 10 per cent of the company’s paid up capital. The cut-off limit for companies with 24 per cent ceiling is 22 per cent and for companies with 30 per cent ceiling, is 28 per cent and so on. Similarly, the cut-off limit for public sector banks (including State Bank of India) is 18 per cent.

Once the aggregate net purchases of equity shares of the company by FIIs/NRIs/PIOs reach the cut-off point, which is 2% below the overall limit, the Reserve Bank cautions all designated bank branches so as not to purchase any more equity shares of the respective company on behalf of FIIs/NRIs/PIOs without prior approval of the Reserve Bank. The link offices are then required to intimate the Reserve Bank about the total number and value of equity shares/convertible debentures of the company they propose to buy on behalf of FIIs/NRIs/PIOs. On receipt of such proposals, the Reserve Bank gives clearances on a first-come-first served basis till such investments in companies reach 10 / 24 / 30 / 40/ 49 per cent limit or the sectoral caps/statutory ceilings as applicable. On reaching the aggregate ceiling limit, the Reserve Bank advises all designated bank branches to stop purchases on behalf of their FIIs/NRIs/PIOs clients. The Reserve Bank also informs the general public about the `caution’ and the `stop purchase’ in these companies through a press release.

The current list of companies allowed to attract investments from FIIs/NRIs/PIOs with their respective ceilings is:

List of companies

List of companies which have raised the ceiling from 10% in respect of NRIs investments under PIS (w.e.f. November 29, 2010)

Upto 24%

1 Alembic Chemical Works Co. Ltd.
2 Amar Investments Ltd., Calcutta.
3 Anglo- India Jute Mills Co. Ltd.
4 Arvind Mills, Ahmedabad.
5 Ashima Syntex Ltd, Ahmedabad.
6 Ashoka Viniyoga Ltd.
7 Bharat Nidhi Ltd.
8 BLB Shares & Financial Services Ltd
9 BPL Ltd.
10 Burr Brown (India) Ltd
11 Camac Commercial Company Ltd.
12 Ceenik Exports (India) Ltd.
13 Cifco Finance Ltd., Mumbai.
14 Classic Financial Services & Enterprises Ltd, Calcutta.
15 CPPL Ltd, (Reliance Ind. Infrastructure Ltd) Mumbai.
16 Crest Communication Ltd.
18 DCM Ltd.
19 DCM Shriram Consolidated Ltd.
20 Dharani Sugars & Chemicals Ltd
21 Dolphin Offshore Enterprises ( I ) Ltd.
22 Emco Ltd.
23 Essar Oil Ltd.
24 Essar Shipping Ltd., B’lore
25 Essar Steel Ltd.
26 Eveready Industries India Ltd.
27 Fabworth (I) Ltd.
28 Federal Bank Ltd.
29 Ferro Alloys Corporation Ltd., Tumsar.
30 Gammon India Ltd
31 Grasim Industries Ltd.
32 GTL Ltd.(formerly Global Tele-Systems Ltd.)
33 GTL Infrastructure Ltd
34 Hamco Mining & Smelting Ltd.
35 HCL Infosystems Ltd.
36 HEG Ltd
37 Hindustan Development Corp. Ltd, Calcutta.
38 Hindustan Nitroproducts (Gujarat) Ltd.
39 Hindustan Transmission Products Ltd., Mumbai
40 HMG Industries Ltd., Mumbai.
41 Housing Development and Infrastructure Limited
42 Indiabulls Real Estate Ltd.
43 India bulls Securities Ltd.
44 Indiabulls Financial Services Ltd
45 Indiabulls Power Limited (formerly Sophia Power Company Limited)
46 Igarashi Motors India Ltd
47 IVP Ltd
48 Jagatjit Industries Ltd,
49 Jai Parabolic Springs Ltd.
50 Jaysynth Dyechem Ltd.
51 Jindal Strips Ltd.
52 Jindal Iron & Steel Co. Ltd.
53 Jindal Saw Limited (formerly Saw Pipes Limited)
54 JJ Spectrum Silk Ltd.
55 Kartjikeya Paper & Boards Ltd.
56 K Sera Sera Productions Ltd
57 Lakhani India Ltd.
58 M.P. Agro Fertilisers Ltd., Bhopal.
59 Macleod Russel (I) Ltd.
60 Matsushita Television and Audio India Ltd.
61 Max India Ltd
62 Mazda Enterprises Ltd., Mumbai.
63 Media Video Ltd.
64 Monnet Ispat & Energy Limited
65 Multimetals Ltd., Mumbai
66 Neha International Limited.
67 National Steel Industries Ltd.
68 Nicholas Laboratories India Ltd., Mumbai.
69 Networth Stock Broking Limited
70 Nava Bharat Ventures Limited
71 O.P. Electronics Ltd., Mumbai.
72 Oriental Housing Development Finance Corp. Ltd.
73 Pabacea Biotec Ltd.
74 Padmini Technologies Ltd.
75 Pearl Polymers Ltd., New Delhi.
76 Piramal Healthcare Ltd.
77 PNB Finance & Industries Ltd
78 Rajath Leasing & Finance Ltd.
79 Rajesh Exports Limited
80 Rama Petrochemicals Ltd.
81 Rama Phosphates Ltd.
82 Reliance Industries Ltd., Mumbai.
83 Rishra Investment Ltd., Calcutta
84 Rossell Industries Ltd., Calcutta.
85 Sahu Properties Ltd
86 Sanghvi Movers Ltd
87 Saurashtra Paper & Board Mills Ltd.
88 Sayaji Hotel Ltd.
89 SB & T International Ltd
90 Sharyans Resources Ltd.
91 Shanti Gears Ltd.
92 Shibir India Ltd., Calcutta
93 Shrenuj & Company Ltd.
94 Shriram Industries Enterprises Ltd., N. Delhi.
95 Silverline Industries Ltd.
96 Sonata Software Ltd.
97 SRF Ltd.
98 Sterling Lease Finance Ltd., Mumbai.
99 Sujana Metal Products Ltd
100 Svam Software Ltd.
101 Synthetics and Chemicals Ltd., Mumbai.
102 Shrenuj & Company Limited
103 The Champdany Industries Ltd., Calcutta.
104 The Dhanalakshmi Bank Limited
105 The Dharamsi Morarji Chemical Co. Ltd .
106 The Investment Trust of India Ltd.
107 The Morarjee Goculdas Spinning & Weaving Co Ltd, Mumbai.
108 Tolani Bulk Carrier Ltd.
109 Unitech Limited.
110 Uniworth International Ltd.
111 Vaibhav Gems Ltd.
112 Valecha Engineering Ltd.
113 VisualSoft Technologies Ltd.
114 Weltermann International Ltd.
115 Woolworth (India) Ltd.
116 Yes Bank Ltd.
117 Zora Pharma Ltd.
118 M/s. Redington(India) Ltd.(w.e.f. 29.11.2010)
119 M/s. Compuage Infocom Limited (w.e.f. 4.3.2011)
120 M/s. Kitex Garments Limited (w.e.f. 8.7.2011)
121 M/s Indiabulls Wholesale Services Ltd (w.e.f. 26.08.2011)
122 M/s Gitanjali Gems Ltd ( wef 16.09.2011)
123 Everonn Education Limited ( w.e.f 6.1.2012)
124 Indiabulls Infrastructure and Power Ltd ( w.e.f. 20.1.2012)
125 M/s Crew B.O.S. Products Limited (w.e.f. 16-1-2013)
126 M/s. Indiabulls Housing Finance Limited(w.e.f.19.03.2013)
127 M/s. Shilchar Technologies Limited(w.e.f. 20.03.2013)
128 M/s. Parekh Aluminex Limited (w.e.f.16.07.2013)
129 M/s. Ess Dee Aluminium Limited (w.e.f. 09.12.2013)
130 M/s. Finkurve Financial Services Limited (w.e.f. 13.12.2013)
131 M/s. NHC Foods Limited (w.e.f. 07.01.2014)
132 M/s. Greycells Education Limited (w.e.f. 11.03.2014)
133 M/s. Aurionpro Solutions Limited (w.ef.30.06.2014)
134 M/s. Selan Exploration Technology Limited (w.e.f.04.12.2014)
135 M/s. Zicom Electronic Security System Limited (w.e.f.19.03.2015)
136 M/s. Deccan Gold Mines Ltd (w.e.f.24.03.2015)
137 M/s TV Today Network Ltd (w.e.f. 02/12/2015)
138 M/s TRANSWARRANTY FINANCE LIMITED (w.e.f. 06.01.2016)
139 M/s Laurus Labs Limited (w.e.f 02.12.2016)
140 M/s Shankara Building Products Limited (w.e.f. 23.01.2017)
141 M/s Security and Intelligence Services (India) Limited

Upto 17%

1 Garware Shipping Corporation Ltd.


1 Zen Technologies Limited (4% w.e.f. 13.03.2015)
2 Dynamatic Technologies Limited (1% w.e.f. 17.03.2015)
3 M/s Pipavav Defence and Offshore Engineering Limited (2% w.e.f. 17.11.2015)
4 M/s Ujjivan Financial Services Limited (10% w.e.f. 09.05.2016)


1 Asian Paints (India) Ltd
2 Capital Trust Ltd
3 Divi’s Laboratories Ltd
4 Ferro Alloys Corporation Ltd
5 Garware Polyester Ltd
6 GIVO Ltd (formerly KB & T Ltd)
7 Orchid Chemicals and Pharmaceuticals Ltd
8 Penta Soft Tec(Pentafour Communications Ltd)
9 Polyplex Corporation Ltd
10 Ranbaxy Laboratories Ltd
11 Shasun Chemicals Ltd
12 Sonata Software Ltd
13 The Paper Products Ltd
14 Vikas WSP Ltd
15 Power Grid Corporation of India Limited (w.e.f. 03.02.2014)
16 Dabur India Limited (w.e.f. 10.02.2014)
17 Oberoi Realty Limited (w.e.f. 20.07.2015)
18 The Supreme Industries Limited (w.e.f. 24.09.2015)
19 M/s Petronet LNG Limited (w.e.f. 03.11.2015)
20 M/s Shilpa Medicare Limited (w.e.f. 10.12.2015)
21 M/s UltraTech Cement Limited (w.e.f. 30.08.2016)
22 M/s Motherson Sumi Systems Limited (w.e.f.27.09.2016)
23 M/s Aditya Birla Nuvo Ltd (w.e.f. 25.10.2016)


1 Adlabs Films Ltd.
2 Aftek Infosys Ltd.
3 Balaji Telefilms Ltd.
4 Bharat Forge Ltd
5 Burr Brown (India )Ltd
6 Cipla Ltd.
7 Elbee Services Ltd
8 Gujarat Ambuja Cements Ltd
9 HEG Ltd
10 Jindal Steel & Power Ltd
11 Jyoti Structures Ltd
12 Maars Software International Ltd
13 Mount Everest Mineral Water Ltd
14 Padmini Technologies Ltd.
15 Rajasthan Spinning & Weaving Mills Ltd
16 Rico Auto Industries Ltd.
17 Shanti Gears Ltd.
18 Silverline Technologies Ltd. Voltamp Transformers Limited(wef 26-09-2012)
19 Suven Life Sciences Ltd.
20 The India Cements Ltd.
21 The Indian Hotels Company Ltd
22 Thiru Arooran Sugars Ltd.
23 UTV Software Communications Ltd
24 Visual Soft Technologies Ltd.
25 Ways India Ltd.
26 Shemaroo Entertainment Limited (w.e.f. 24.02.2012)
27 Radico Khaitan Limited (w.e.f. 06.02.2013)
28 Havells India Ltd (w.e.f. April 23, 2013, updated from earlier limit of 24%)
29 PI Industries Limited (w.e.f. 13.09.2013)
30 R Systems International Limited (w.e.f. 14.11.2013)
31 Kajaria Ceramics Limited (w.e.f. 09.12.2013)
32 Marico Kaya Enterprises Limited (w.e.f. 03.09.2014)
33 City Union Bank Limited (w.e.f. 25.09.2014, revised from earlier limit of 35%)
34 M/s Edelweiss Financial Sevices Limited (w.e.f. Nov 05, 2014)
35 M/s HSIL Limited (w.e.f.29.04.2015)
36 M/s Somany Ceramics Limited (w.e.f. 22.05.2015)
37 M/s Godrej Consumer Products (w.e.f 28.08.2015)
38 M/s Ashok Leyland Limited (w.e.f 03.09.2015)
39 M/s Maruti Suzuki India Limited (w.e.f 14.09.2015)
40 M/s Panyam Cements & Mineral Industries Limited (w.e.f. 26.02.2016)
41 M/s J.Kumar Infraprojects Ltd (w.e.f. 01.08.2016)
42 M/s Hindustan Petroleum Corporation Ltd (HPCL) (w.e.f. 05.08.2016)


1 Alok Industries
2 Auribindo Pharma Ltd.
3 Arvind Mills Ltd
4 Balakrishna Industries Ltd
5 Blue Dart Express Ltd
7 Digital GlobalSoft Ltd.
8 Dr. Reddy’s Laboratories Ltd.
9 D. S. Kulkarni Developers Ltd.
10 Federal Bank Ltd.
11 Financial Technologies (I) Ltd
12 HDFC Bank Ltd
13 Himachal Futuristic Communications Ltd.
14 Hindustan Lever Ltd.
15 Hughes Software Ltd.
16 ICICI Bank Ltd.
17 Ind-Swift Laboratories Ltd.
18 Karnataka Bank Ltd.
19 LIC Housing Finance Ltd.
20 Marksans Pharma Ltd.
21 Mahindra & Mahindra Ltd.
22 Mastek Ltd
23 Max India Ltd
24 McDowell & Co Ltd
25 NIIT Ltd.
26 NIIT Technologies Ltd.
27 Panacea Biotec Ltd.
28 Reliance Capital Ltd.
29 Reliance Energy Ltd.
30 Reliance Industries Ltd.
31 Reliance Petroleum Ltd.
32 SB & T International Ltd.
33 Sadbhav Engineering Limited
34 S. Kumars Nationwide Ltd
35 Soffia Software Ltd
36 Strides Arcolabs Ltd
37 Sun Pharmaceutical Industries Ltd.
38 Swaraj Mazda Ltd
39 The South Indian Bank Ltd
40 The Dhanalakshmi Bank Limited
41 SPANCO Limited
42 United Breweries Ltd
43 UTI Bank Ltd.
44 Vimta Labs Ltd.
45 Wockhardt Ltd.
46 Welspun India Ltd (w.e.f. 10.02.2010)
47 IndusInd Bank Limited (w.e.f. 26-11-2012)
48 IRB Infrastructure Developers Ltd (w.e.f. 05.02.2013)
49 DEN Networks Limited (w.e.f. 27.06.2013)
50 Mahindra Lifespace Developers Limited (w.e.f.22.08.2013, Updated from earlier limit of 30%)
51 Page Industries Limited(w.e.f.30-10-2013)
52 HCL Technologies Limited (revised from earlier limit of 30% w.e.f.31-10-2013)
53 Magma Fincorp Limited (w.e.f. 13.12.2013)
54 NHC Foods Limited (w.e.f.07.01.2014)
55 Manappuram Finance Limited (w.e.f.07.03.2014)
56 Greycells Education Limited (w.e.f 11.03.2014)
57 M/S Idea Cellular (w.e.f. 13.06.2014)
58 Diamond Power Infrastructure Ltd (w.e.f. 14.08.2014)
59 Persistent Systems Limited (w.e.f. 14.10.2014)
60 Repco Home Finance Limited (w.e.f. 17.10.2014)
61 Hero MotoCorp Ltd (Hero Honda Motors Ltd)(w.e.f. 28.10.2014)
62 Tree House Education & Accessories Limited (w.e.f. 18.12.2014)
63 Bajaj Corp Limited (w.e.f. 05.01.2015)
64 Bharti Infratel Limited (w.e.f. 18.02.2015)
65 Time Technoplast Ltd (w.e.f. 09.03.2015)
66 Eicher Motors Limited (w.e.f. 15.04.2015)
67 GSS Infotech Limited (w.e.f. 20.04.2015)
68 M/s Glenmark Pharmaceuticals Limited (w.e.f. 19.05.2015)
69 M/s Gammon Infrastructure Projects Limited (w.e.f 27.05.2015)
70 M/s Kaveri Seed Company Limited (w.e.f. 12.06.2015)
71 M/s Eveready Industries India Ltd (w.e.f. 29.09.2015)
72 The Prestige Estate Projects Limited (w.e.f.09.11.2015)
73 M/s V- Mart Retail Ltd (w.e.f.23.12.2015)
74 M/s SITI Cable Network Limited (w.e.f. 04.01.2016)
75 M/s PC Jewellers Limited (w.e.f. 28.01.2016)
76 M/s SeQuent Scientific Limited (w.e.f.11.03.2016)
77 M/s Equitas Holdings Ltd.
78 M/s Bharat Petroleum Corporation Ltd (w.e.f. 08.06.2016)
79 M/s Inox Leisure Ltd (w.e.f. 20.09.2016)
80 M/s Adani Ports and Special Economic Zone Limited (w.e.f. 30.09.2016)
81 M/s Laurus Labs Limited (w.e.f 02.12.2016)
82 M/s Nandan Denim Limited (formerly NANDAN EXIM LTD) (w.e.f. 03.01.2017)
83 M/s Shankara Building Products Limited (w.e.f.23.01.2017)
84 M/s Grasim Industries Limited (w.e.f 13.04.2017)
85 M/s Security and Intelligence Services (India) Limited
86 M/s Natco Pharma Limited (W.e.f 15.05.2017)


1 Amtek Auto Ltd (74%)
2 Advanta India Limited 49%
3 Amtek India Ltd (74%)
4 Ahmednagar Forgings Ltd (74%)
5 Anant Raj Industries Ltd. (40%)
6 ANG Auto Ltd (49%)
7 Apollo Hospitals (74%)
8 Aptech Ltd (74%)
9 Arshiya International Limited (49%)
10 Ansal Properties Infrastructure Limited (49%)
11 Bhagwati Banquets & Resorts Ltd.
12 Bombay Rayon Fashions Ltd (26%)
13 Bajaj Auto Finance Ltd (30%)
14 Bajaj Hindusthan Limited (74%)
15 Balrampur Chini Mills Ltd (60%)
16 Birla Power Solutions Ltd. (74%)
17 Core Projects & Technologies Ltd.(74%)
18 Cranes Software International Limited (60%)
19 Crest Communication Ltd (50%)
20 CESC Ltd. (49%)
21 CREW B.O.S. Products Ltd. -(49%)
22 DCM Ltd – (49%)
23 Development Credit Bank Ltd. – (49%)
24 Dagger-Forst Tools Ltd. – (74%)
25 Emco Ltd – (49%)
26 Escorts Ltd – (49%)
27 Era Construction (India) Ltd – (40%)
28 Fedders Lloyd Corporation Limited (74%)
29 Ganesh Housing Corporation Ltd.(49%)
(formerly Ganesh Housing Finance Corporation Ltd)
30 Gammon India Ltd – (49%)
31 Garware Offshore Services Ltd-(60%)
32 Great Offshore Limited-(49%)
33 GTL Ltd. – (74%)
34 GTL Infrastructure Ltd. – (74%)
35 Gujarat Pipavav Port Limited (45%) (w.e.f May 29, 2012)
36 HTMT Global Solutions Ltd.-(74%)
37 Hindustan Construction Co Limited – (49%)
38 Hindalco Industries Limited – (40%)
39 Igarashi Motors India Ltd. – (40%)
40 Il & FS Investment Managers Ltd- 74%
41 ICSA (INDIA) Ltd. – (49%)
42 I-Flex Solutions Ltd. (60%)
43 India Nivesh Limited (49%)
44 IDFC Ltd (Infrastructure Development Finance Company Limited) (w.e.f.30.09.2014, 48% revised from earlier limit of 50%)
45 Info Edge (India) Ltd. (50% w.e.f. 01.09.2015, revised from earlier limit of 40%)
46 International Conveyor Limited (74%)
47 IOL Broadband Ltd. – (49%)
48 Jai Corp Ltd. – (49%)
49 Jindal Saw Limited (49%) (formerly Saw Pipes Limited )
50 Jaisal Securities Limited  (50%)
51 Jaiprakash Associates Ltd. (45%)
52 JSW Steel Limited – (49%)
53 Jupiter Bioscience Ltd. – (70%)
54 Kamdhenu Ispat Ltd. (49%)
55 Karuturi Networks limited (74%)
56 KEI Industries Ltd. – (49%)
57 KPIT Technologies Limited(formerly KPIT Cummins Infosystems Limited (80% w.e.f. 13.08.2014) revised from earlier limit of 49%
58 Laxmi Energy & Foods Ltd (Lakshmi Overseas Industries Ltd) (49%)
59 Lloyd Electric & Engineering Ltd (74%)
60 Logix Microsystems Ltd – (74%)
61 Micro Technologies (India) Limited (49%)
62 Maharashtra Seamless Limited (40%)
63 McDowell Holdings Ltd -(49%)
64 Mercator Lines Ltd (70%)
65 Monnet Ispat & Energy Limited (40%)
66 Moser Baer India Ltd (74%)
67 MARG Limited (40%)
68 McLeod Russel India Limited (40%)
69 Network 18 Media & Investments Limited (Formerly Network 18 Fincap Ltd) – 49% (FIIs/NRIs/PIO upto 40%)
70 Neha International Limited (49%)
71 Nagarjuna Construction Company Ltd. (74%)
72 Nava Bharat Ventures Limited (40%)
73 NITCO Tiles Ltd. (60%)
74 Northgate Technologies Ltd (74%)
75 Om Metals Infra projects Ltd.(49%)
76 Opto Circuits (India) Ltd (40%)
77 Paramount Communications Ltd (39%)
78 Patni computers Ltd (74%)
79 Pioneer Investcorp Limited (40%)
80 Pritish Nandy Communications Ltd (60%)
81 Provogue (India) Ltd. (49%)
82 Piramal Healthcare Limited (49%)
83 PTC India Ltd. – (60%)
84 Punjab Tractors Ltd. (64%)
85 PVR Ltd (50%)
86 Pyramid Saimira Theatre Ltd. (40%)
87 M/s. Prime Securities Limited (74%)
88 Parekh Aluminex limited (74%)
89 Precoated Steels Limited (49%)
90 Peninsula Land Limited (40%)
91 Parsvnath Developers Limited (40%)
92 Rajesh Exports Ltd (49%)
93 Rolta India Ltd (75%)
94 Sakthi Sugars Ltd (50%)
95 Sanghvi Movers Ltd.(49%)
96 Satnam Overseas Ltd (51%)
97 Satyam Computer Services Ltd (60%)
98 Shree Renuka Sugars Ltd. – (49%)
99 Sical Logistics Ltd. (49%)
100 Sintex Indiastries Ltd. (74%)
101 Srei Infrastructure Finance Ltd (64%)
102 Subex Systems Ltd. (74%)
103 Sun Pharma Advance Research Company Ltd. (49%)
104 SSI Ltd (74%)
105 SESA GOA Limited (45%)
106 Soma Textiles & Industries Ltd. (74%)
107 Suzlon Energy Limited –(49%)
108 Tata Motors Ltd.(35%)
109 Tata Tea Ltd (35%)
110 The Tata Power Company Ltd (35%)
111 The Jammu & Kashmir Bank Ltd. (40%)
112 Tanla Solutions Ltd. (49%)
113 Temptation Foods Ltd. -(74%)
114 Tourism Finance Corporation of India Ltd (49%)
115 Tulip IT Services Ltd. (40%)
116 Unichem Laboratories Ltd (39%)
117 United Spirits Limited (59%)
118 Vaibhav Gems Ltd (60%)
119 Vakrangee Softwares Ltd. (49%)
120 Venus Remedies Limited- (49%)
121 Voltas Limited (30%)
122 WELSPUN Gujarat Stahl Rohren Limited (49%)
123 Zicom Electronic Security System Ltd (74%)
124 S.E Investments Limited (74% – 28.01.2010)
125 KRBL Limited (49% w.e.f. – March 15, 2010)
126 Su-raj Diamonds and Jewellery Limited (65% w.e.f. 27.10.2010 updated from earlier limit of 49% w.e.f. – March 30,2010)
127 Rei Agro Limited (75% w.e.f.July 7, 2010)
128 Rural Electrification Corporation Ltd (35% w.e.f.30.9.2010).
129 Cox and Kings (India) Limited (74% w.e.f.-October 5, 2010)
130 GMR Infrastructure Limited (35% w.e.f.October 22, 2010)
131 GCV Services Limited (49% w.e.f. December 23, 2010)
132 IVRCL Assets & Holdings Limited (49% w.e.f. 7.2.2011)
133 SVC Resources Ltd. (49% w.e.f. 9.2.2011)
134 Marico Limited (35% w.e.f.25.2.2011)
135 Compuage Infocom Limited (49% w.e.f. 4.3.2011)
136 Lupin Limited (49% w.e.f. 12.02.2015, revised from earlier limit of 33%)
137 Tecpro Systems Limited (49% w.e.f. 6.5.2011)
138 Era Infra Engineering Limited(65% w.e.f. 12.5.2011)
139 VA Tech Wabag Limited (49% w.e.f.16.6.2011)
140 Jubilant FoodWorks Limited ( 55% w.e.f 15.04.2014, revised from earlier limit of 49%)
141 Info-Drive Software limited (49 % w.e.f. 26.08.2011)
142 Gitanjali Gems Ltd ( 50% wef 16.09.2011)
143 Mahindra & Mahindra Financial Services Ltd ( 49 % wef 03.10.2011)
144 Jain Irrigation Systems Limited ( 60% wef 17.10.2011)
145 The Karur Vysya ank Limited ( 40 % w.e.f. 02.01.2014, updated from earlier limit of 35%)
146 Nava Bharat Ventures Ltd (60 % wef 18.11.2011)
147 Polaris Financial Technology Limited (49.90% wef 20.12.2011)
148 SKS Microfinance Limited (74% wef 6.1.2012)
149 Just Dial Limited (75% revised from earlier limit of 49% w.e.f. 27.11.2014)
150 Dewan Housing Finance Corporation Limited (60% wef 02.02.2012)
151 Kavveri Telecom Products Limited (35% wef 09-04-2012)
152 VKS Projects Limited (40% wef 05-09-2012)
153 AIA Engineering Limited (49% w.e.f. 12-09-2012)
154 Shriram City Union Finance Ltd (74% w.e.f.18.07.2013)
155 Tech Mahindra Limited (48% w.e.f. 13.03.2014, updated from earlier limit of 45%)
156 Tata Motors Limited-DVR(‘A’ Type Ordinary Shares(AOS) (75% w. e. f .31-10-2013)
157 Great Eastern Shipping Co. Ltd (33% w.e.f .12.02.2014)
158 Hinduja Foundries Limited (60% w.e.f .02.04..2014)
159 Credit Analysis & Research Limited (74% w.e.f. 05.05.2014)
160 Hexa Tradex Ltd (74% w.e.f .06.05.2014)
161 CMC LTD (35% w.e.f.22.05.2014)
162 Bharti Airtel Limited (74% w.e.f.03.07.2014)
163 Apollo Tyres Limited (45% w.e.f. 01.10.2014)
164 UPL Limited (74% w.e.f.13.10.2014, revised from earlier limit of 49%)
165 M/s Pennar Industries Ltd (35% w.e.f 19.11.2014)
166 M/s CEAT Limited (45% w.e.f 24.11.2014)
167 M/S Veritas (India) Limited (100% w.e.f. 29/01/2015)
168 Container Corporation of India Ltd (34% w.e.f. 05.03.2015 revised from earlier limit of 30%)
169 Zen Technologies Limited (20% w.e.f. 13.03.2015)
170 Dynamatic Technologies Lmited (25% w.e.f. 17.03.2015 revised from earlier limit of 26%)
171 M/s Ipca Laboratories Ltd (35% w.e.f. 22.05.2015)
172 M/s Shriram Transport Finance Co. Limited (74% w.e.f. 21.10.2015)
173 M/s Pipavav Defence And Offshore Engineering Limited (12% w.e.f.17.11.2015)
174 M/s TV Today Networks Ltd (26% w.e.f. 01.12.2015)
175 M/s Titan Company Limited (35% w.e.f.10.12.2015)
176 M/s Jubilant Life Science Limited (45% w.e.f. 18.12.2015)
177 M/s Ponni Sugars (Erode) Limited (Aggregate 49% w.e.f. 24.02.2016)
178 M/s Yes bank (74%)
179 M/s Axis Bank (74% w.e.f. 15.07.2016)
180 M/s IDFC Bank Limited (46% w.e.f. 15.07.2016)
181 M/s Multi Commodity Exchange of India Ltd (34% w.e.f.30.09.2016)
182 M/s Cera Sanitaryware Limited (36% w.e.f 03.02.2017)
183 M/s Kotak Mahindra Bank Ltd (42% w.e.f. 09.03.2017, updated from earlier limit of 40%)
184 M/s Ujjivan Financial Services Limited (47% w.e.f 24.04.2017)


1 AZTEC Software and Technology Services Ltd – (100%)
2 Educomp Solutions Limited. –(100%)
3 Gateway Distriparks Ltd – (100%)
4 Geodesic Information Systems Ltd- (100%)
5 Geometric Software Solutions Ltd – (100%)
6 Gujarat NRE Coke Limited -(74%)
7 HCL Infosystems Ltd. – (100%)
8 Hexaware Technologies Ltd – (100%)
9 Housing Development and Infrastructure Limited – (100%)
10 Indiabulls Real Estate Limited –(100%)
11 Indiabulls Financial Services Ltd – (100%)
12 Indiabulls Securities Limited – (100%)
13 Indiabulls Power Limited (100%)
(formerly Sophia Power Company Limited)
14 Infotech Enterprises Limited (100%)
15 Infosys Technologies Ltd. – (100%)
16 IVRCL Infrastructures & Projects Ltd (100%)
17 M/s IIFL Holdings Limited (Formerly India Infoline Limited) (80%)
18 Mascon Global Ltd. – (100%)
19 Mphasis BFL Ltd – (100%)
20 Orbit Corporation Limited (100%)
21 Pentamedia Graphics Ltd.- (100%)
22 Pentasoft Technologies Ltd. – (100%)
23 Prajay Engineers Syndicate Limited – (100%)
24 Punj Lioyd Limited (100%)
25 IFCI Limited. (74%)
26 Reliance Communications Ltd – (74%)
27 Sujana Metal Products Ltd – (100%)
28 Sujana Towers Limited-(100%)
29 Sujana Universal Industries Ltd – (100%)
30 Shrenuj & Company Limited- (100%)
31 Unitech Limited – (100%)
32 Interworld Digital Limited (100%)
33 Shobha Developers Limited (100% – Feb 3, 2010)
34 Everonn Education Ltd. (100% w.e.f.June 4, 2010)
35 Redington (India) Limited (100% w.e.f. November 29, 2010)
36 Indiabulls Wholesale Services Ltd (100% w.e.f August 23, 2011)
37 eClerx Services Limited ( 100% wef December 20, 2011)
38 Indiabulls Infrastructure and Power Ltd (100% w.e.f Jan 20,2011)
39 Housing Development Finance Corporation Limited (100% w.e.f. May 24, 2012)
40 Phoenix Mills Limited( 100% w.e.f. July 27 2012, Revised from earlier limit of 49%)
41 MindTree Limited (100% w.e.f.23-08-2012)
42 Gayatri Projects Limited( 100 %w.e.f. 21-11-2012)
43 Indiabulls Housing Finance Limited (100% w.e.f.19.03.2013)
44 Tara Jewels Limited (100% w.e.f.13.05.2013)
45 Uttam Galva Steels Limited (100% w.e.f.23.05.2013)
46 Ess Dee Aluminium Limited (100% w.e.f.09.12.2013)
47 M/s. Finkurve Financial Services Limited (100% w.e.f. 13.12.2013)
48 M/s. Rasoya Proteins Ltd (100% w.e.f. 05.02.2014)
49 M/s. Zee Entertainment Enterprises Limited (100% w.e.f.02.06.2014) (Revised from earlier limit of 49%)
50 M/s. Aurionpro Solutions Limited (100% w.e.f.30.06.2014)
51 TD Power Systems Limited (100% w.e.f.26.09.2014, revised from earlier limit of 49%)
52 M/S MT Educare Limited (100% w.e.f. 30.09.2014)
53 Crompton Greaves Limited (100% w.e.f. 18.12.2014)
54 M/s Hathway Cable & Datacom Limited (74% w.e.f 26.08.2015)
55 M/s DEN Networks Limited (74% w.e.f 26.10.2015, revised from earlier limit of 49%)
57 M/s Vertex Securities Limited (100% w.e.f. 02.02.2016)
58 M/s D B Corp Ltd (26% w.e.f. 26/05/2016)
59 M/s Crompton Greaves Consumer Electricals Limited (100% w.e.f. 08.09.2016)
60 M/s Sita Shree Food Products Limited (100% w.e.f 01.03.2017)


1 Jagran Prakashan -26%
2 Deccan Chronicle Holdings Ltd – 24% (FIIs upto 14%)
3 IBN 18 Broadcast Ltd.-26%

Companies in which overall FII ceiling has reached and no further purchases are allowed
Companies falling under 24 %

1 Voltamp Transformers Limited (wef 26-09-2012)
2 M/s Trent Ltd (w.e.f. 01.09.2016)
3 M/s Indraprastha Gas Limited (w.e.f 31.03.2017)

Companies falling under 30 %


Companies falling under 49% limit


Companies where 38% FII limit has been reached and further purchases are allowed with prior approval of RBI.


Companies where 28% FII limit has been reached and further purchases are allowed with prior approval of RBI.


Companies where 22% FII limit has been reached and further purchases will be allowed with prior approval of RBI

1 Gujarat State Fertilizers & Chemicals Ltd (w.e.f. 24-12-2014)
2 M/s Tata Chemicals Limited (w.e.f. 01.03.2016)

Companies where intermediate FII limit has been reached and further purchases will be allowed with prior approval of RBI


Companies in which overall FII ceiling has reached and no further purchases are allowed Companies falling under intermediate ceiling as indicated against their names

1 IDFC Limited (52.5%). (w.e.f. 21-02-2014)
2 M/s Ujjivan Financial Services Limited (47% w.e.f 24.04.2017)

Companies in which the Ban limit in respect of maximum permissible foreign holding by FII Investment as stipulated by Government has been reached


Companies where NRI/PIO Investment has already reached 10 % and no further purchases can be allowed

1 Chandraprabhu Housing Ltd
2 Coxswain Technology Ltd (Kaveri Biotech Ltd)
3 Dev Sugars Ltd
4 Dharendra Industries Ltd
5 DSQ Biotech Ltd
6 Fintech Communications
7 IQMS Software Ltd
8 Kakatiya Cement Sugar & Industries Ltd
9 SGN Telecom
10 SPL Ltd.
11 Squared Biotech Ltd
12 Goldcrest Finance (India) Limited (w.e.f. 14.11.2011)
13 Khodiyar Industries Limited ( w. e. f. 17-09-2012)
14 Carnation Industries Limited (w.e.f.13.11.2013)
15 Kama Holdings Limited (w.e.f.23.01.2014)
16 Samtel India Ltd (w.e.f.05.03.2014)
17 Pankaj Pplypack Ltd (name as per BSE website) / Pankaj Polypack Ltd (name as confirmed by the company) (w.e.f.09.07.2014)
18 Prajay Engineers Syndicate Ltd (w.e.f.02.09.2014)
19 M/s Creative Merchants Limited (w.e.f. 03.03.2016)

Companies where the NRI investment has reached the trigger point of 8% and further purchases are allowed only with prior permission of RBI

1 Codura Exports Ltd
2 Deccan Cements Ltd
3 Garden Silk Mills Ltd.
4 Nexus Software Ltd
5 Polyplex Corporation Ltd
6 Premier Explosives Ltd
7 Teledata Technology Solutions Limited (w.e.f.05.03.2013)
8 Teledata Informatics Limited (Name changed to: Agnite Education Limited but not incorporated in BSE site) (w.e.f.05.03.2013)
9 Mac Charles (India) Limited (w.e.f. 10-12-2013)
10 Alfa Transformers Ltd (w.e.f.10.04.2014)
11 CHL Ltd (w.e.f.05.06.2014)
12 Tamboli Capital Limited (w.e.f. 24.07.2015)
13 Shyam Telecom Limited (w.e.f. 08.10.2015)
14 M/s Southern Ispat & Energy Ltd (w.e.f. 12.04.2016)

Companies in which the Ban limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investment as stipulated by Government has been reached.


Companies in which the Caution limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has reached.

1 M/s Equitas Holdings Limited (w.e.f. July 05,2016)

Print Media Companies in which the Caution limit in respect of maximum permissible foreign holding including FDI/NRI/PIO/FII Investments as stipulated by Government has reached.


Print Media Companies in which the Ban limit in respect of maximum permissible foreign holding including FDI/NRI/PIO/FII Investments as stipulated by Government has reached.


Public Sector banks in which 20% limit has been reached and no further investments are permitted


Public Sector banks in which 18% caution limit has been reached and further purchases by FIIs/NRIs/PIOs are allowed only with prior permission of RBI


Private Sector Banks in which the Caution limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has reached


Private Sector Banks in which the Ban limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII/FPI Investments as stipulated by Government has reached

1 M/s HDFC Bank Ltd (w.e.f. 17.02.2017)

Private Sector Banks in which the Ban limit in respect of FIIs Investment has reached 49%.


Further purchases are allowed only with prior permission of RBI.
No further purchases are allowed.

FIIs/FPIs can now invest from 31.50 to 49 per cent under PIS in M/s Natco Pharma Limited

Press Release: 2014-2015/3072

The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) can now invest from 31.50 per cent to 49 per cent of the paid up capital of M/s Natco Pharma Limited under the Portfolio Investment Scheme (PIS).

The Reserve Bank has stated that M/s Natco Pharma Limited has passed resolutions at its Board of Directors’ level and a special resolution by general body agreeing for enhancing the FII/FPI investment limit under Portfolio Investment Scheme from 31.50% to 49% of the paid up capital of the company.

The Reserve Bank has notified this under FEMA 1999.

Ajit Prasad
Assistant Adviser

Now you have to submit Statutory Returns (SLR-Form VIII) in XBRL Mode – RBI

Image result for RBIHello everyone, Hope all of you enjoying our updates. RBI on May 11, 2017 issue a notification in this regard. As per notification SLR-Form VIII must be submitted in XBRL format from April 2017.

Ref: DBR.CO.No.Ret.BC/66/12.07.144/2016-17

May 11, 2017

The Chairperson
All RRBs

Madam/Dear Sir,

Submission of Statutory returns (SLR-Form VIII) in XBRL platform

It has been decided to move the reporting of SLR from PCRPCD to XBRL (Extensible Business Reporting Language) platform. You are therefore advised to submit the returns (Form VIII) in XBRL from the month of April 2017.

Yours faithfully,

(S K Kar)
Chief General Manager

Fake News – Bank Will Remain Closed On Every Saturday

All Banks will remain closed, every Saturday from 1st June onwards. The RBI has approved 5 days Working for Banks. Now Timings will be 9:30 am to 5:30 pm.

Image result for Fake NewsThis above news, which states that RBI has notified each Banks to be closed each Saturday is not real. There is no official communication by RBI or any of the national banks of India. Usually, when such news comes, it is official protocol of RBI to announce such news on its official website. Even the banks should inform their employees and customers regarding this.

If this rule happens to be true, Government of India will have to declare holiday for all government departments. And this can lead to financial burden of country. Holidays for Saturday is a privileges used by IT companies. So, practically this not possible and hence we term it as a fake news.

Direct Recruitment for the posts of Officers in Grade ‘B’ – RBI

1. Candidates to ensure their eligibility for the posts:

Before applying, candidates should ensure that they fulfill the eligibility criteria for the advertised posts in the Reserve Bank of India (RBI / Bank). The Reserve Bank of India Services Board, hereinafter referred to as ‘Board’, would admit to the Examinations all the candidates applying for this post with the requisite fee/intimation charges (wherever applicable) on the basis of the information furnished in the ON-LINE application and shall determine their eligibility only at the final stage i.e. interview stage. If at that stage, it is found that any information furnished in the ON-LINE application is false/ incorrect or if according to the Board, the candidate does not satisfy the eligibility criteria for the post, his/ her candidature will be cancelled and he/she will not be allowed to appear for interview.

2. Mode of application:

Candidates are required to apply only ON-LINE through the Bank’s website No other mode for submission of application is available.

Brief Instructions for filling up the “Online Application Form” are given in Appendix-I.

3. Important Dates:

Events Important Dates
Website Link Open –For On-Line Registration of Applications and Payment of Fees/Intimation Charges May 03, 2017
(for Gr B DR General)

May 05, 2017
(for DEPR /DSIM)
May 23, 2017 *

1. Officers in Gr B (DR) – General Phase-I Online Examination

Phase-II Online Examination

June 17, 2017 $

July 7, 2017£

2. Officers in Gr B (DR) – (DEPR)* Paper –I Online Examination

Paper – II & III Online/Written Examination

June 17, 2017 $

July 6 and / or 7, 2017£
(To be confirmed in Admit cards)

3. Officers in Gr B (DR) – (DSIM) @ Paper –I Online Examination

Paper – II & III Online/ Written Examination

June 17, 2017 $

July 6 and / or 7, 2017£
(To be confirmed in Admit cards)

*Department of Economics and Policy Research
@ Department of Statistics and Information Management
* The Board reserves the right to make any change in these dates.
$ Candidate will have to appear in only one shift of Phase-I examination.
£ Candidate will have to appear in all the shifts of Phase-II examination.

4. Help Facility: In case of any problem in filling up the form, payment of fee/intimation charges, or in downloading of Admission Letter, queries may be made through the link

Do not forget to mention ‘RBI Officers in Grade ‘B’-‘ DR’ General or DEPR or DSIM in the subject of the email.

5. Use of MOBILE PHONES and other electronic devices BANNED:

(a) Mobile phones, smart watches, pagers or any other electronic communication devices are not allowed inside the premises where the examination is being conducted. Any infringement of these instructions shall entail disciplinary action including ban from future examinations.

(b) Candidates are advised in their own interest not to bring any of the banned items including mobile phones/pagers to the venue of the examination, as arrangement for safe-keeping cannot be assured.

(c) Candidates are advised not to bring any valuable/costly items to the Examination Halls, as safe-keeping of the same cannot be assured. The Board will not be responsible for any loss in this regard.

6. Corrigendum: Please note that Corrigendum, if any, issued on the above advertisement, will be published only on the Bank’s website


1. The Reserve Bank of India Services Board (Board) invites applications from eligible candidates for the post mentioned below in Reserve Bank of India (RBI/Bank):

Post Number of Vacancies
Unreserved i.e., General (GEN/UR) Other Backward Classes (OBC)# Scheduled Castes (SC) Scheduled Tribes (ST) TOTAL
1. Officers in Grade ‘B’ (DR) – (General) 73 39 22 11 145 $
2. Officers in Grade ‘B’ (DR) – DEPR 09 03 00 00 12
3. Officers in Grade ‘B’ (DR) – DSIM 01 00 1 02 * 4
# Candidates belonging to OBC category but coming in the ‘Creamy Layer’ are not entitled to OBC reservation. They should indicate their category as ‘General (GEN)’.
$ Out of 145 vacancies mentioned above 1 vacancy is reserved for candidates with Visual Impairment (VI) and 3 vacancies are reserved for candidates with Hearing Impairment (HI). No backlog vacancies are available for OH category. However, PWD candidates belonging to any of the three categories of the disability may apply for these posts, subject to their suitability for these posts. Persons with Disability may belong to any category – GEN/SC/ST/OBC.
* Backlog vacancy

Note for PWD candidates:

(1) The degree of disability should be (i) Minimum 40% in case of Orthopedically Handicapped persons, (ii) Minimum 40% in case of Hearing Impaired- sense of hearing is non-functional for ordinary purposes of life; do not hear, understand sounds at all even with amplified speech; hearing loss more than 60 decibels in the better ear (profound impairment) or total loss of hearing in both ears, and (iii) For Visually Handicapped candidate either of the following conditions should be fulfilled:

  1. Total absence of sight.
  2. With visual acuity not exceeding 6/60 or 20/200 (Snellen) in the better eye with correcting lenses.
  3. With limitation of the field of vision subtending an angle of 20 degrees or worse.

(2) PWD candidates should possess a latest certificate to this effect issued by an authorized Government of India/ State Government Department/ Hospital.

(3) Within the overall notified total vacancies, PWD candidates belonging to any of the three categories of disability will be considered for selection, subject to their suitability, over and above the vacancies, notified for PWD in this advertisement, in order to clear the backlog of PWD vacancies.

(4) Backlog vacancies reserved for PWD would be filled by a person with disability in the respective category. If no suitable person from that category is available such backlog vacancies would be filled up by interchange among other eligible PWD categories.

(5) PWD candidates may belong to any category (i.e. General/SC/ST/OBC). Reservation for PWD is horizontal and within the overall vacancies for the post.

(6) Only following categories of PWD are eligible to apply for this post:

  1. OH candidates: OA – One arm affected (Right or Left); BL – Both legs affected but not arms; OL – One leg affected (Right or Left),
  2. HI candidates: PD – Partially Deaf; D – Deaf
  3. VH candidates: B – Blind; LV- Low Vision

(7) At the time of online examination, only those PWD candidates who have physical limitation in typing/writing, including that of speed would be allowed the facility to use the service of a scribe. In all such cases where a scribe is used, the following rules will apply:

  1. The candidate will have to arrange his/her own scribe/writer.
  2. The candidate will have to give a suitable undertaking, in the prescribed format at the time of examination.
  3. All VH candidates and only those candidates who use services of a scribe/writer shall be eligible for compensatory time of 20 minutes and/or part thereof for every hour of the examination.

(8) Detailed instructions for PWD candidates regarding availing services of scribe and allotment of extra/compensatory time will be made available on Bank’s website ( at the time of uploading of Admission Letters for Phase-I & Phase-II examinations.


(i) Pay Scale: Selected Candidates will draw a starting basic pay of Rs. 35,150/- p.m. in the scale of Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family allowance, and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments are approximately Rs. 67,933/-(approx.).

Note: For candidates possessing very high academic or professional qualification / experience of significant value to the Bank, the Bank may, at its sole discretion, consider granting up to four advance increments. The Board, at its sole discretion, may consider requests for higher emoluments on account of higher qualification/special experience of value to the Bank at the interview stage only. Such information may be furnished in the Bio-data Form in the appropriate column. The number of maximum increments will be four. The Board/Bank will not entertain any request received after the interview.

(ii) Seniority: Candidates selected from separate recruitments for the post of Officer in Gr. B (DR) for General, DEPR, DSIM streams will join the Common Seniority Group and the seniority among these Officers will be fixed according to the ranking worked out by using the standard percentile score of aggregate marks of selected candidates.

(iii) Perquisites: Bank’s accommodation subject to availability, reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, telephone charges, book grant, allowance for furnishing of residence, etc. as per eligibility. Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility. Interest free festival advance, Leave Fare Concession (once in two years for self, spouse and eligible dependents). Loans and Advances at concessional rates of interest for Housing, Car, Education, Consumer Articles, Personal Computer, etc. Selected candidates will be governed by ‘the defined contribution New Pension Scheme (NPS)’, in addition to the benefit of Gratuity.

(iv) At certain centres, limited number of residential quarters are available. Facility for securing residential accommodation on lease, however, exists at all centres.

(v) Initial appointment will be on probation for a period of two years. At Bank’s discretion, the probationary period may be extended upto a maximum period of four years.

(vi) There are reasonable prospects for promotion to higher grades.

(vii) Selected candidates are liable to be posted and transferred anywhere in India.


I. Nationality: a candidate must be either:—

  1. a citizen of India, or
  2. a subject of Nepal, or
  3. a subject of Bhutan, or
  4. a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India, or
  5. a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

Provided that a candidate belonging to categories (b), (c), (d) and (e) shall be a person in whose favour a certificate of eligibility has been issued by the Government of India.

A candidate in whose case a certificate of eligibility is necessary, may be admitted to the examination but the offer of appointment may be given only after the necessary eligibility certificate has been issued to him/her by the Government of India.

II. Age Limits:

1. A candidate must have attained the age of 21 years and must not have attained the age of 30 years on the 1st of May, 2017 i.e., he/she must have been born not earlier than 2nd May, 1987 and not later than 1st May, 1996. For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years respectively.

2. The upper age-limit prescribed above will be relaxable:

(i) up to a maximum of five years for candidates belonging to a Scheduled Caste or a Scheduled Tribe if the posts are reserved for them;

(ii) up to a maximum of three years in the case of candidates belonging to Other Backward Classes who are eligible to avail of reservation applicable to such candidates if the posts are reserved for them;

(iii) up to a maximum of five years for ex-employees of banking institutions whose services had to be terminated for reasons of economy or as a result of bank going into liquidation and personnel retrenched from Government Offices after at least one year’s service and currently registered with Employment Exchange,

(iv) up to a maximum of five years if a candidate had ordinarily been domiciled in the State of Jammu and Kashmir during the period from the 1st January, 1980 to the 31st day of December, 1989;

(v) up to a maximum of five years in the case of ex-servicemen including Commissioned Officers and ECOs/SSCOs who have rendered at least five years Military Service as on 1st May, 2017 and have been released;

  1. on completion of assignment (including those whose assignment is due to be completed within one year from 1st May, 2017 otherwise than by way of dismissal or discharge on account of misconduct or inefficiency; or
  2. on account of physical disability attributable to Military Service; or
  3. on invalidment.

(vi) up to a maximum of five years in the case of ECOs/SSCOs who have completed an initial period of assignment of five years of Military Service as on 1st May, 2017 and whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues a certificate that they can apply for civil employment and that they will be released on three months’ notice on selection from the date of receipt of offer of appointment.

(vii) up to a maximum of 10 years in the case of Persons with Disabilities.

(viii) For candidates having experience as an officer in Commercial Bank/Financial Institution in Public Sector as also prior experience in Reserve Bank of India, upper age limit is relaxed to the extent of number of completed years of such experience subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience, probationary period will not be reckoned.

(ix) For eligible staff candidates the relaxation in age limit is according to RBI circular CO. HRMD. No. G-75/ 5599/ 05.01.01/ 2013-2014 dated December 20, 2013.

(x) For recruitment to the post of Gr. B (DR)-DEPR/DSIM candidates having Master’s Degree with Research/Teaching experience at a recognised Indian/Foreign University/Institute will be eligible for relaxation in upper age to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.

Note I:—Candidates belonging to the Scheduled Castes and the Scheduled Tribes and the Other Backward Classes who are also covered under any other clauses of Rule II (b) above, viz. those coming under the category of Ex-servicemen, persons domiciled in the State of J & K, Persons with Disabilities etc. will be eligible for grant of cumulative age-relaxation under both the categories.

Note II:—The term Ex-servicemen will apply to the persons who are defined as Ex-servicemen in the Ex-servicemen (Re-employment in Civil Services and Posts) Rules, 1979, as amended from time to time.

Note III:—The age concession under Rule II (b) (v) and (vi) will not be admissible to Ex-servicemen and Commissioned Officers including ECOs/SSCOs, who are released on own request.

Note IV:—Notwithstanding the provision of age relaxation under Rule II (b)(vii) above, a physically disabled candidate will be considered to be eligible for appointment only if he/she (after such physical examination as the Bank, may prescribe) is found to satisfy the requirements of physical and medical standards for the concerned Services/Posts to be allocated to the physically disabled candidates by the Bank.

III. Minimum Educational Qualifications : The following minimum educational qualifications are prescribed for the posts:

Post Minimum Educational Qualifications (as on 01-05-2017):
1. Officers in Grade ‘B’ (DR) – (General)
  • A minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.
  • The minimum qualifying percentage or an equivalent grade for the Bachelor’s degree will be in aggregate for all semesters / years
2. Officers in Grade ‘B’ (DR) – DEPR


  1. A Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute.

Note: SC,ST and PWD candidates having second class with a minimum of 50% marks or equivalent grade in aggregate of all semesters / years in Master’s Degree examination or equivalent recognized qualifications are eligible to apply.

Desirable: A Doctorate Degree in Economics or research or teaching experience in Economics or publications in standard journals would be considered as an additional qualification.

Candidates having M.Phil. Degree and Doctorate Degree from a recognized Indian/Foreign University/Institute in the specified subjects will be eligible for relaxation in the upper age limit by 2 year and 4 years respectively.

  1. Candidates having Master’s Degree with Research/Teaching experience at a recognized Indian/Foreign University/Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.
  2. The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 (II).
3. Officers in Grade ‘B’ (DR) – DSIM


  1. A Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade in aggregate of all semesters / years; OR
  2. Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years and one year post graduate diploma in Statistics or related subjects from an institute of repute; OR
  3. M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters / years OR
  4. Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur and IIM Calcutta with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years.

NOTE: For SC, ST and PWD candidates, the minimum marks required in Master’s Degree as in items a, b, c and d above is 50% or an equivalent grade in aggregate of all semesters/ years.

Desirable: (i) Candidates with a Doctorate in topics related to above subjects will be given preference. (ii) Research or teaching experience and publication in standard journals will be considered as an additional qualification.


  1. Candidates possessing M.Phil. and Ph.D. qualification in the specified subjects will be eligible for relaxation in upper age limit by 2 years and 4 years respectively.
  2. Candidates with research/teaching experience at a recognized Indian/Foreign University/Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.
  3. The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 (II).

Note 1: The candidate must hold a degree of any of Universities incorporated by an Act of the Central or State Legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University Under Section-3 of the University Grants Commission Act, 1956, or possess an equivalent qualification from a foreign university recognized by the Association of Indian Universities.

Note 2: Some Universities/Institutes/Boards do not award Class or percentage of marks and allot Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.). In case University/Institute/Board defines criteria for conversion of Aggregate Grade Point into percentage of marks, the same will be accepted. However, where the University/ Institute/ Board does not define criteria for conversion of Aggregate Grade Point into percentage of marks, in the degree/passing certificates, the undefined parameter(s) would be worked out as under:

Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10 point scale Aggregate Percentage of Marks
6.75 60%
6.25 55%
5.75 50%

Note 3: Aggregate Grade Point or percentage of marks where awarded would mean aggregate over the entire duration of the course.

Note 4: Where the Aggregate Grade Point (CGPA/OGPA/CPI, etc.) is awarded out of a number other than 10, it will be normalized out of 10 and computed as per Note 2 above.

IV. Number of Attempts: Candidates belonging to unreserved i.e. General Category, who have already appeared Six times for Phase-I Examination for this post in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PWD, if the posts are reserved for them.

4. SCHEME OF SELECTION: Selection for the aforementioned posts will be done through ON-LINE examinations in Phase – I and Phase – II and interview. Detailed scheme of selection is given at Appendix – II (Gr. B(DR)-General) / Appendix – III (Gr. B(DR)-DEPR) and Gr. B(DR)-DSIM) which are available on the Bank’s website The Centres where the examinations will be held are given below:

(i) Online Examination Centres for Phase – I (Gr. B (DR)-General / Paper I (DEPR/DSIM)

State /UT Centre
Andaman & Nicobar Port Blair
Andhra Pradesh & Telangana Guntur, Narasaraopet, Hyderabad, Rangareddy-Kodada, Karimnagar, Warangal, Rajahmundry, Kakinada, Tirupati, Chittoor, Vijaywada, Kanchikacherla, Gudlavalleru, Eluru, Vishakhapatnam, Vizianagaram
Arunachal Pradesh Itanagar,Naharlagun city
Assam Dibrugarh, Guwahati, Jorhat, Silchar
Bihar Bhagalpur, Muzaffarpur, Patna
Chandigarh Chandigarh
Chattisgarh Raipur, Bhilai
Daman & Diu Jamnagar
Goa Varna
Gujarat Ahmedabad, Gandhi Nagar, Bhavnagar, Jamnagar, Rajkot, Surat, Vadodara
Haryana Hissar, Karnal, Rohtak
Himachal Pradesh Dharamsala, Shimla
Jammu & Kashmir Jammu
Jharkhand Bokaro, Dhanbad, Jamshedpur, Ranchi
Karnataka Belgaum, Bagalkot, Bengaluru, Chikaballapur, Kolar, Tumkur, Gulbarga, Bidar, Hubli, Dharwad, Haliyal, Gadag, Mangalore, Mysore, Mandya, Udipi
Kerala Kannur, Kasargod, Kochi, Alappuzha, Kottayam, Pathanamthitta, Kozhikode, Malappuram, Thrichur, Palakkad, Thiruvananthapuram, Kollam, Nagarcoil
Lakshwadweep Kavarrati
Madhya Pradesh Bhopal, Gwalior , Indore, Jabalpur
Maharashtra Aurangabad, Kolhapur, Mumbai, Navi Mumbai, Thane, Nagpur, Nasik, Pune, Solapur
Manipur Imphal
Meghalaya Shillong
Mizoram Aizawl
Nagaland Kohima
New Delhi Delhi –NCR
Orissa Balasore, Berhampur (Ganjam), Bhubaneswar, Cuttack, Sambalpur
Puducherry Puducherry, Cuddalore, Villupuram
Punjab Amritsar, Bhatinda, Jalandhar, Ludhiana, Mohali, Patiala
Rajasthan Ajmer, Jaipur, Jodhpur, Kota, Udaipur
Sikkim Gangtok, Bardang City
Tamilnadu Chennai, Vellore, Coimbatore, Erode, Thirupur, Madurai, Virudhunagar, Dindigul Salem, Namakkal, Thiruchirapalli, Perambalur, Pudukottai, Thanjavur, Tirunelvelli, Kanyakumari, Tuticorin
Tripura Agartala
Uttar Pradesh Agra, Allahabad, Bareilly, Gorakhpur, Kanpur, Lucknow, Meerut, Varanasi
Uttarakhand Dehradun, Haldwani, Nainital, Roorkee City
West Bengal Berhampore (WB), Durgapur, Kolkata, Greater Kolkata, Howrah, Hooghly, Kalyani,Siliguri

(ii) A. Centres for Phase – II – Gr B (DR) – General / Paper II & III (DEPR /DSIM)

Name of the Centres
Ahmedabad Jammu
Bengaluru Kanpur
Bhopal Kochi
Bhubaneswar Lucknow
Kolkata Mumbai
Chandigarh Nagpur
Chennai New Delhi
Guwahati Patna
Hyderabad Pune
Jaipur Thiruvananthapuram

(iii) The Centres and the date of holding the examination as mentioned above are liable to be changed at the discretion of the Board. Allotment of Centres will be on the “first-apply-first allot” basis, and once the capacity of a particular Centre is attained, the same will be frozen. Applicants, who cannot get a Centre of their choice will be required to choose a Centre from the remaining ones. Applicants are, thus, advised that they may apply early so that they could get a Centre of their choice.

NB: Notwithstanding the aforesaid provision, the Board reserves the right to change the Centres at their discretion if the situation demands. All the Examination Centres will cater to examination for Low Vision Candidates in their respective centres. Candidates admitted to the examination will be informed of the time table and place or places of examination. The candidates should note that no request for change of centre will be entertained.

(iv) Candidates can select only one centre for Phase-I and one centre for Phase–II separately and must indicate the choice of centres in the online application. Choice of Centre by candidates for Phase-I and Phase-II Examinations can be different and must be indicated in the online application

(v) Candidates will appear for the examination at an Examination Centre at their own risks and expenses. The Board does not make any arrangements for boarding/lodging of candidates. Board will not be responsible for any injury or losses etc. of any nature during the course of Examination.

(vi) Interviews: Interviews will be conducted at some of the centres indicated at para 4 (ii) above, details of which will be communicated in the interview call letter.

5. PRE-EXAMINATION TRAINING FOR SC/ST/OBC/PWD CANDIDATES (Officers in Gr. B (DR)-General Only: The Bank will arrange free of cost, combined pre-examination training for Phase – I and Phase – II of the examinations at some of the centres where the Bank has its Offices. Detailed instructions for candidates who may wish to avail of this facility are given in Appendix – IV which is available on the Bank’s website


Sr. No. Category Charges Amount *
1. SC/ST/PWD Intimation Charges only Rs.100/-
2. GEN/OBC Application fee including intimation charges Rs.850/-
3. STAFF@ Nil Nil
* Bank/Transaction charges are to be borne by the candidate.
@ Fee/Intimation charges waiver is only for those employees of RBI (Staff Candidates) who satisfy the eligibility criteria separately stipulated by the Bank vide its circular CO. HRMD. No. G-75/ 5599/ 05.01.01/ 2013-2014 dated December 20, 2013. Their status as staff candidate will be verified at the time of interview. In case they are not eligible to be treated as staff candidates (in terms of above referred HRMD circular), they are advised to indicate themselves as non-staff candidates and pay fees/ intimation charges as applicable to non-staff candidates.

Note I: Applications without the prescribed Fee / Intimation Charges shall be summarily rejected.

Note II: Fee once paid shall not be refunded under any circumstances nor can the fee be held in reserve for any other examination or selection.

Note III: Fee / Intimation Charges are required to be paid only in the manner prescribed in this advertisement.


a. Candidates are required to apply only online using the website No other means / mode of application will be accepted. Detailed instructions for filling up online applications are available at Appendix –I which is available on the Bank’s website The applicants are advised to submit only single application; however, if due to any unavoidable situation, if he/she submits another/multiple applications, then he/she must ensure that application with the higher Registration ID (RID) is complete in all respects like applicants’ details, examination centre, photograph, signature, fee etc. The applicants who are submitting multiple applications should note that only the last completed applications with higher RID shall be entertained by the Board and fee paid against one RID shall not be adjusted against any other RID.

b. All candidates, whether already in Government Service, Government owned industrial undertakings or other similar organisations or in private employment should submit their applications direct to the Board. Persons already in Government Service, whether in a permanent or temporary capacity or as work charged employees other than casual or daily rated employees or those serving under the Public Enterprises are however, required to submit an undertaking in the Online application that they have informed in writing to their Head of Office/Department that they have applied for the Examination. Candidates should note that in case a communication is received from their employer by the Board withholding permission to the candidates applying for/appearing at the examination, their application will be liable to be rejected/candidature will be liable to be cancelled. At the time of joining , the recommended candidates will have to bring proper discharge certificates from their PSU/Government/Quasi –Government employer.

NOTE 1: While filling in his/her Application Form, the candidate should carefully decide about his/her choice of centre for the Examination. If any candidate appears at a centre other than the one indicated by the Board in his/her Admission Letter, the papers of such a candidate will not be evaluated and his/her candidature will be liable to cancellation.

NOTE-2: Suitable provisions for information regarding use of scribes by the blind candidates and candidates with Locomotor Disability and Cerebral Palsy where dominant (writing) extremity is affected to the extent of slowing the performance of function (minimum of 40% impairment) have been made in the online application at the time of the initial online application itself.

NOTE-3: Candidates are not required to submit along with their applications any certificate in support of their claims regarding Age, Educational Qualifications, Scheduled Castes/ Scheduled Tribes/Other Backward Classes and Physically disabled etc. which will be verified at the time of the Interview only. Candidates belonging to the OBC category should have OBC certificate issued on or after May 1, 2016. The candidates applying for the posts should ensure that they fulfil all the eligibility conditions for admission to the Examination. Their admission at all the stages of examination for which they are admitted by the Board viz. Phase – I, Phase – II or Interview Test will be purely provisional, subject to their satisfying the prescribed eligibility conditions. If on verification at any time before or after the Examinations and Interview Test, it is found that they do not fulfil any of the eligibility conditions; their candidature for the examination will be cancelled by the Board. If any of their claims is found to be incorrect, they may render themselves liable to disciplinary action by the Board. A candidate who is or has been declared by the Board to be guilty of:

(i) Obtaining support for his/her candidature by the following means, namely:–

  1. offering illegal gratification to, or
  2. applying pressure on, or
  3. blackmailing, or threatening to blackmail any person connected with the conduct of the examination, or

(ii) impersonating, or

(iii) procuring impersonation by any person, or

(iv) submitting fabricated documents or documents which have been tampered with, or

(v) making statements which are incorrect or false or suppressing material information, or

(vi) resorting to the following means in connection with his/her candidature for the examination, namely

  1. obtaining copy of question paper through improper means,
  2. finding out the particulars of the persons connected with secret work relating to the examination.
  3. influencing the examiners, or

(vii) using unfair means during the examination, or

(viii) writing obscene matter or drawing obscene sketches in the scripts, or

(ix) misbehaving in the examination hall including tearing of the scripts, provoking fellow examinees to boycott examination, creating a disorderly scene and the like, or

(x) harassing or doing bodily harm to the staff employed by the Board for the conduct of their examinations, or

(xi) being in possession of or using mobile phone, pager or any electronic equipment or device or any other equipment capable of being used as a communication device during the examination; or

(xii) violating any of the instructions issued to candidates along with their Admission Certificates permitting them to take the examination, or

(xiii) attempting to commit or as the case may be abetting the Commission of all or any of the acts specified in the foregoing clauses; may in addition to rendering himself/herself liable to criminal prosecution, be liable.

  1. to be disqualified by the Board from the examination for which he/she is a candidate and/or
  2. to be debarred either permanently or for a specified period (i) by the Board from any examination or selection held by them; (ii) by the Bank from any employment under them; (iii) dismissal from service by the Bank if he / she is already in Bank’s employment; and (iv) if he/she is already in some other service, the Board writing to his/her employer for taking disciplinary action.

Provided that no penalty shall be imposed except after (i) giving the candidate an opportunity of making such representation, in writing as he/she may wish to make in that behalf; and (ii) taking the representation, if any, submitted by the candidate within the period allowed to him/her into consideration.

8. LAST DATE OF RECEIPT OF APPLICATIONS: The Online Applications can be filled up to 23 May, 2017 till 12:00 midnight.


a. Correspondence with the Board: The Board will not enter into any correspondence with the candidates about their candidature except in the following cases:

  1. The eligible candidates shall be issued an e-Admission Letter two weeks before the commencement of the examination. The e-Admission Letter will be made available on the Bank’s website for downloading by candidates. No Admission letter will be sent by post. If a candidate does not receive his e-Admission letter or any other communication regarding his/her candidature for the examination two weeks before the commencement of the examination, he/she should at once contact the help facility as mentioned above.

b. No candidate will ordinarily be allowed to take the examination unless he/she holds an Admission Letter for the examination. On downloading of e- Admission Letter, check it carefully and bring discrepancies/errors, if any, to the notice of Board immediately.

c. PROOF OF IDENTITY TO BE SUBMITTED AT THE TIME OF EXAMINATIONS: At the time of appearing for Phase – I or Phase – II of the examination, candidates are required to produce a currently valid photo identity card in original and a photocopy of the same in addition to the admission letter. Acceptable photo identity cards are PAN Card/ Passport/ Driving Licence/ Voter’s Card/ Bank Passbook with photograph/ Photo identity proof issued by a Gazetted Officer on official letterhead/ Photo identity proof issued by a People’s Representative on official letterhead/ valid recent Identity Card issued by a recognised college / university/ e-Aadhar card / Aadhar card with a photograph/ Employee ID/ Bar Council Identity card with photograph. The candidate’s identity will be verified with respect to his/her details on the Admission Letter /Examination Call Letter, in the Attendance List and requisite documents submitted. If identity of the candidate is in doubt the candidate may not be allowed to appear for the Examination.

Note: Candidates have to produce in original the photo identity proof and submit a photocopy of the photo identity proof along with Admission Letter/ Examination Call Letter while attending each shift of the examination without which they will not be allowed to take up the examination. For Phase-II examination, candidates will have to carry two/three photocopies of photo ID proof, as there will be two/three shifts. However, in Phase-I only one photocopy of photo ID will be sufficient. Candidates must note that the name (provided during the process of registration) as appearing on the call letters should exactly match the name as appearing on the photo identity proof, certificates, marksheets. Female candidates who have changed first/last/middle name post marriage must take special note of this. In case of candidates who have changed their name, will be allowed only if they produce – original Gazette Notification/their original marriage certificate/affidavit in original, together with a photocopy. If there is any mismatch between the name indicated in the Admission Letter/ Examination Call Letter and Photo Identity Proof, the candidate will not be allowed to appear for the examination.

d. The Board would be analyzing the responses of a candidate with other appeared candidates to detect patterns of similarity. On the basis of such an analysis, if it is found that the responses have been shared and scores obtained are not genuine / valid, the Board reserves the right to cancel his/her candidature.

e. Board does not assume any responsibility for the candidates not being able to submit their applications within the last date on account of or for any other reason beyond the control of the Board.

f. The candidates should note that their admission to the examination will be purely provisional based on the information given by them in the Application Form. This will be subject to verification of all the eligibility conditions by the Board / Bank. The mere fact that an Admission Letter has been issued to a candidate, will not imply that his/her candidature has been finally cleared by the Board or that entries made by the candidate in his/her application for the Preliminary examination have been accepted by the Board as true and correct. Candidates may note that the Board takes up the verification of eligibility conditions of a candidate, with reference to original documents, only after the candidate has qualified for the interview. Unless candidature is formally confirmed by the Board, it continues to be provisional. The decision of the Board as to the eligibility or otherwise of a candidate for admission to the Examination shall be final.

g. Candidates should note that the name in the Admission letter in some cases, may be abbreviated due to technical reasons

h. The possibility for occurrence of some problems in the administration of the examinations cannot be ruled out completely, which may impact test delivery and/ or result from being generated. In that event, every effort will be made to rectify such problem, which may include movement of candidates, delay in test. Conduct of a re-exam is at the absolute discretion of RBISB/test conducting body. Candidates will not have any claim for a re-test. Candidates not willing to move or not willing to participate in the delayed process of test delivery shall be summarily rejected from the process.

i. Candidates are advised to keep their e-mail ID/mobile number alive for receiving advices viz. Admission letters/Interview letters, etc. Candidates may check e-mails/SMSes regularly. The Board does not send any communication through any other mode.

j. The posts are also open to the employees of RBI (Staff Candidates) who satisfy the eligibility criteria separately stipulated by the Bank vide their circular CO. HRMD.No.G-75/ 5599/ 05.01.01/ 2013-2014 dated December 20, 2013 and who apply On-line within the closing date. Their status as staff candidate will be verified at the time of interview.

k. The Board does not furnish the mark-sheet to candidates. Marks obtained in Phase-I (On-line exam) will be made available on the website in an interactive mode, after shortlisting of candidates for Phase-II. However, the marks obtained in Phase-II Examination and Interview will be made available on the Bank’s web-site in an interactive mode only after declaration of the final result.

l. Any canvassing by or on behalf of the candidates or to bring political or other outside influence with regard to their selection/recruitment shall be considered as disqualification.

m. In all matters regarding eligibility, conduct of examinations, interviews, assessment, prescribing minimum qualifying standards in both the Examination and interview, in relation to number of vacancies and communication of result, the Board’s decision shall be final and binding on the candidates and no correspondence shall be entertained in this regard.

n. The eligibility for availing reservation against the vacancies reserved for the physically disabled persons shall be the same as prescribed in “The Persons with Disability (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995.” Provided further that the physically disabled candidates shall also be required to meet special eligibility criteria in terms of physical requirements/functional classification (abilities/disabilities) consistent with requirements prescribed.

o. A candidate will be eligible to get the benefit of community reservation only in case the particular caste to which the candidates belong is included in the list of reserved communities issued by the Central Government. If a candidate indicates in his/her application form that he/she belongs to General category but subsequently writes to the Board to change his/her category to a reserved one, such request shall not be entertained by the Board. Similar principle will be followed for PWD categories also. In case of a candidate unfortunately becoming physically disabled during the course of the examination process, the candidate should produce valid document showing him/her acquiring a disability to the extent of 40% or more as defined under PWD Act, 1995 to enable him/her to get the benefits of PWD reservation.

p. Candidates seeking reservation/ relaxation benefits available for SC/ST/ OBC/PH/Ex-servicemen must ensure that they are entitled to such reservation/ relaxation as per eligibility prescribed. They should also be in possession of all the requisite certificates in the prescribed format in support of their claim as stipulated for such benefits, and these certificates should be dated earlier than the due date (closing date) of the application.

q. Please note that Corrigendum, if any, issued on the above advertisement, will be published only on the Bank’s website

r. Any resultant dispute arising out of this advertisement shall be subject to the sole jurisdiction of the Courts situated at Mumbai only.