Press Releases

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Faiz Mercantile Cooperative Bank Ltd., Nashik Maharashtra vide Directive no. NGP.DOS.SSM 4.No.S1412/15-03-552/2022-2023 dated March 02, 2023, for a period of six months up to September 3, 2023 and modified from time to time which were last extended up to December 3, 2023 vide Directive DOR.MON.D-64/12.22.407/2023-24 dated August 31, 2023. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive beyond December 3, 2023.

 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 502,797.21 6.76 0.01-7.00 I. Call Money    11,115.29 6.78 5.00-6.90 II. Triparty Repo 351,036.80 6.76 6.50-6.80 III. Market Repo 140,345.12 6.78 0.01-6.89 IV. Repo in Corporate Bond 300.00 7.00 7.00-7.00 B. Term Segment I. Notice Money** 154.00 6.53 6.00-6.85 II. Term Money@@ 219.00    - 6.75-7.00 III. Triparty Repo 310.00 6.79 6.50-6.85 IV. Market Repo 1,101.45 7.10 7.10-7.10 V. Repo in Corporate Bond    0.00

The Reserve Bank of India (RBI) and the Bank of England (BoE) today signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information in relation to the Clearing Corporation of India Limited (CCIL). The MoU establishes a framework for the BoE to place reliance on RBI’s regulatory and supervisory activities while safeguarding UK financial stability. The MoU also demonstrates the importance of cross-border cooperation to facilitate international clearing activities and the BoE’s commitment to deference to other regulators’ regimes.

The Reserve Bank of India (RBI) has, by an order dated November 07, 2023, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Balasore Bhadrak Central Co-operative Bank Ltd., Balasore (the bank) for non-compliance with the directions issued by RBI on “Membership of Credit Information Companies (CICs)”. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 25 (1) (iii) read with section 23 (4) of the Credit Information Companies (Regulation) Act, 2005.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on December 01, 2023, Friday, as under:  Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 14 10:30 AM to 11:00 AM December 15, 2023 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.  Ajit Prasad Director (Communications) Press Release: 2023-2024/1374

Data on sectoral deployment of bank credit for the month of September 20231 collected from 40 select scheduled commercial banks, accounting for about 93 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit2 registered a growth of 15.3 per cent in September 20233 as compared with 16.9 per cent a year ago. Highlights of the sectoral deployment of bank credit3 are given below:

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of November 2023 are set out in Tables 1 to 7.

Today, the Reserve Bank released its quarterly house price index (HPI)1 (base: 2010-11=100) for Q2:2023-24, based on transaction-level data received from the registration authorities in ten major cities2. Time series data on all-India and city-wise HPIs are available at the Bank’s database on Indian economy (DBIE) portal (https://dbieold.rbi.org.in/DBIE/dbie.rbi?site=statistics > Real Sector > Price & Wages> Quarterly).

Today, the Reserve Bank released data on the performance of the private corporate sector during the second quarter of 2023-24 drawn from abridged quarterly financial results of 2,835 listed non-government non-financial companies. These include data for Q2:2022-23 and Q1:2023-24 to enable comparison (web-link

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 525,397.55 6.77 0.01-7.02 I. Call Money 7,912.85 6.79 5.00-6.90 II. Triparty Repo 369,615.35 6.77 6.25-6.82 III. Market Repo 147,644.35 6.79 0.01-6.90 IV. Repo in Corporate Bond 225.00 7.02 7.02-7.02 B. Term Segment I. Notice Money** 5,024.15 6.84 5.75-6.98 II. Term Money@@ 1,933.00 - 6.55-7.07 III. Triparty Repo 1,000.00 6.87 6.85-6.88 IV. Market Repo 550.00 7.10 7.10-7.10 V. Repo in Corporate Bond 0.00 - -