bank deposits up rs 357 crore
mumbai: aggregate deposits with the scheduled commercial banks rose rs 357 crore during the fortnight ended 19 november, while bank credit increased only rs 61 crore, according to the weekly statistical supplement published by the reserve bank of india. the deposits now stood at rs 7,69,631 crore, and credit at rs 3,94,048 crore.

total foreign exchange reserves, including gold and special drawing rights, rose $231 million during the week ended 26 november to 34,257 million, the report said.

rbi eases paperwork for private banks
mumbai: the reserve bank of india has decided to make changes in the system of submission of returns/statements by private banks. the rbi has exempted private sector banks from submitting half-yearly progress reports on the action plans for april 1998-march 2000 as the information can be obtained from the dsb returns submitted by these banks. the private sector banks will now have to submit the statement of reservation of posts for scheduled castes/scheduled tribes on a yearly basis against the half-yearly basis as required earlier.