Press Releases

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹ 9,349.00 Crore (Face Value). Sr. No. State Amount to be raised. (₹Crore) Tenure (Year) Type of Auction 1. Bihar 2000 10 Yield 2. Goa 100 10 Yield 3. Kerala 1249 07 Yield 4. Odisha 1000 14 Yield 5. Tamil Nadu 2000 10 Yield 6. Uttar Pradesh 3000 08 Yield

The Reserve Bank of India (RBI) held the Second Conference of State Registrars of Cooperative Societies (RCSs) at its New Delhi office on November 14, 2024. The event was co-chaired by RBI Deputy Governors Shri M. Rajeshwar Rao and Shri Swaminathan J. and attended by senior RBI officials. Shri Rabindra Kumar Agarwal, Additional Secretary, Ministry of Cooperation, Government of India (GoI) and Central Registrar of Co-operative Societies (CRCS), and Shri Pankaj Kumar Bansal, Additional Secretary, Ministry of Cooperation, GoI participated in the Conference along with the Registrars of Cooperative Societies from various States.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 7,000 November 21, 2024 (Thursday) November 22, 2024 (Friday) 2 182 Days 6,000 3 364 Days 6,000 Total 19,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 18, 2024, Monday, as under

The Reserve Bank of India (RBI) has, by an order dated November 11, 2024, imposed a monetary penalty of ₹6.34 lakh (Rupees Six lakh thirty four thousand only) on The Jaynagar Mozilpur People’s Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to the Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL.

The Reserve Bank has today released data on Money Supply for the fortnight ended November 01, 2024.

The Reserve Bank of India (RBI) has, by an order dated November 12, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to the Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949

The Reserve Bank of India (RBI) has, by an order dated November 12, 2024, imposed a monetary penalty of ₹2.50 lakh (Rupees Two lakh fifty thousand only) on The Nawanagar Co-operative Bank Ltd., Jamnagar, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are interested’ and ‘Financial Statements - Presentation and Disclosures’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated November 04, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Vijapur Nagarik Sahakari Bank Ltd., Vijapur, Dist. Mehsana, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Know Your Customer’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated November 11, 2024, imposed a monetary penalty of ₹80,000 (Rupees Eighty Thousand only) on The Gauhati Co-operative Urban Bank Limited (the bank) for non-compliance with the certain directions issued by RBI on ‘Know Your Customer (KYC)’ and ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 and section 25 of the Credit Information Companies (Regulation) Act, 2005.