As many as 926 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. These arrangements have been made for the convenience of the income tax assesses. Of the 926 bank branches 862 branches are public sector bank branches, 35 HDFC bank branches, 10 ICICI bank branches and 19 AXIS bank branches. The Reserve Bank of India has advised income tax assesses to take advantage of these standing arrangements made for their convenience.

The Reserve Bank has today released data on Reserve Money (rbidocs.rbi.org.in/rdocs/Content/DOCs/IEPR259R0811.xls) for the week ended August 12, 2011.