Press Releases - আৰবিআই - Reserve Bank of India
Press Releases
The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The National Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts-Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The National Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts-Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
পিডিএফ (The Reserve Bank of India (RBI) has imposed, by an order dated August 30, 2023, a monetary penalty of ₹11.00 lakh (Rupees Eleven Lakh only) on HCBL Co-operative Bank Ltd., Lucknow, Uttar Pradesh (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to Directors, their Relatives, and Firms / Concerns in which they are Interested’ and specific directions issued by RBI under the Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021, and examination of the Inspection Report, Risk Assessment Report revealed, inter-alia, that the bank had (i) granted loans/advances to its director and their relatives and (ii) sanctioned fresh loans and advances to single borrowers in excess of 50% of applicable regularity limits and offered interest rates on deposits more than those offered by State Bank of India in violation of specific directions issued under SAF. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Shweta Sharma)
Deputy General Manager
Press Release: 2023-2024/955
The Reserve Bank of India (RBI) has imposed, by an order dated August 30, 2023, a monetary penalty of ₹11.00 lakh (Rupees Eleven Lakh only) on HCBL Co-operative Bank Ltd., Lucknow, Uttar Pradesh (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to Directors, their Relatives, and Firms / Concerns in which they are Interested’ and specific directions issued by RBI under the Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021, and examination of the Inspection Report, Risk Assessment Report revealed, inter-alia, that the bank had (i) granted loans/advances to its director and their relatives and (ii) sanctioned fresh loans and advances to single borrowers in excess of 50% of applicable regularity limits and offered interest rates on deposits more than those offered by State Bank of India in violation of specific directions issued under SAF. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Shweta Sharma)
Deputy General Manager
Press Release: 2023-2024/955
The Reserve Bank of India (RBI) has imposed, by an order dated August 30, 2023, a monetary penalty of ₹6.00 lakh (Rupees Six Lakh only) on The Citizens’ Co-operative Bank Ltd., Jammu (the bank) for non-compliance with the specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’ and directions issued under ‘Exposure norms and Statutory/ Other Restrictions - UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021 and March 31, 2022, and examination of the Inspection Reports, Risk Assessment Reports revealed, inter alia, that the bank had (i) sanctioned fresh loans and advances and allowed cash credit facilities to be overdrawn in violation of specific directions issued under SAF, and (ii) breached prudential inter-bank (gross) exposure limit and inter-bank counterparty limit. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions, as stated therein.
After considering the bank’s reply to the notice, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Shweta Sharma)
Deputy General Manager
Press Release: 2023-2024/954
The Reserve Bank of India (RBI) has imposed, by an order dated August 30, 2023, a monetary penalty of ₹6.00 lakh (Rupees Six Lakh only) on The Citizens’ Co-operative Bank Ltd., Jammu (the bank) for non-compliance with the specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’ and directions issued under ‘Exposure norms and Statutory/ Other Restrictions - UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021 and March 31, 2022, and examination of the Inspection Reports, Risk Assessment Reports revealed, inter alia, that the bank had (i) sanctioned fresh loans and advances and allowed cash credit facilities to be overdrawn in violation of specific directions issued under SAF, and (ii) breached prudential inter-bank (gross) exposure limit and inter-bank counterparty limit. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions, as stated therein.
After considering the bank’s reply to the notice, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Shweta Sharma)
Deputy General Manager
Press Release: 2023-2024/954
SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 09-Sep-2225-AUG-2023*08-SEP-2023*09-Sep-2225-AUG-2023*08-SEP-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.183335.64246284.1253485.01186364.23248463.22255863.66** b) Borrowings from banks41752.75199018.31188137.5441824.75199142.43188207.97 c) Other demand & time liabilities44678.468276.3270299.5245184.8168988.2871006.97
SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 09-Sep-2225-AUG-2023*08-SEP-2023*09-Sep-2225-AUG-2023*08-SEP-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.183335.64246284.1253485.01186364.23248463.22255863.66** b) Borrowings from banks41752.75199018.31188137.5441824.75199142.43188207.97 c) Other demand & time liabilities44678.468276.3270299.5245184.8168988.2871006.97
The result of the auction of State Government Securities held on September 21, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2036BIHAR 2031CHHATTISGARH 2030GOA 2033 Notified Amount100020001000100 Tenure138710 Competitive Bids Received (i) No.4724215 (ii) Amount572532902600325 Cut-off Yield (%)7.447.497.477.46 Competitive Bids Accepted (i) No.31572 (ii) Amount964.3571940.870939.98296.547 Partial Allotment Percentage of
The result of the auction of State Government Securities held on September 21, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2036BIHAR 2031CHHATTISGARH 2030GOA 2033 Notified Amount100020001000100 Tenure138710 Competitive Bids Received (i) No.4724215 (ii) Amount572532902600325 Cut-off Yield (%)7.447.497.477.46 Competitive Bids Accepted (i) No.31572 (ii) Amount964.3571940.870939.98296.547 Partial Allotment Percentage of
The Reserve Bank had introduced a scheme for handling wilful defaulters, effective from April 1, 1999. These guidelines were subsequently consolidated into the Master Circular on Wilful Defaulters, last updated on July 1, 2015. 2.The instructions on wilful defaulters have been revised after a review of the extant instructions and consideration of various judgments/ orders from the Hon’ble Supreme Court and Hon’ble High Courts, as well as representations
The Reserve Bank had introduced a scheme for handling wilful defaulters, effective from April 1, 1999. These guidelines were subsequently consolidated into the Master Circular on Wilful Defaulters, last updated on July 1, 2015. 2.The instructions on wilful defaulters have been revised after a review of the extant instructions and consideration of various judgments/ orders from the Hon’ble Supreme Court and Hon’ble High Courts, as well as representations
MONEY MARKETS@ Volume (One Leg)Weighted Average RateRange A.Overnight Segment (I+II+III+IV)514,470.156.775.00-7.80 I. Call Money7,402.616.765.00-6.95 II. Triparty Repo350,960.256.766.75-6.77 III. Market Repo155,907.296.816.00-6.95 IV. Repo in Corporate Bond200.007.246.75-7.80 B. Term Segment I. Notice Money**343.606.676.10-6.85 II. Term Money@@197.00-6.75-7.10 III. Triparty Repo0.00-- IV. Market Repo1,610.226.956.90-6.99
MONEY MARKETS@ Volume (One Leg)Weighted Average RateRange A.Overnight Segment (I+II+III+IV)514,470.156.775.00-7.80 I. Call Money7,402.616.765.00-6.95 II. Triparty Repo350,960.256.766.75-6.77 III. Market Repo155,907.296.816.00-6.95 IV. Repo in Corporate Bond200.007.246.75-7.80 B. Term Segment I. Notice Money**343.606.676.10-6.85 II. Term Money@@197.00-6.75-7.10 III. Triparty Repo0.00-- IV. Market Repo1,610.226.956.90-6.99
Continuing the outreach of the Reserve Bank of India (RBI) to the boards of banks, Shri Swaminathan J, Deputy Governor held a meeting with Heads of the Customer Service Committee of the Board, Managing Directors, Executive Directors in-charge of customer service verticals and Principal Nodal Officers of major banks on September 21, 2023 at Mumbai. The meeting was also attended by Executive Director and other senior officials of Consumer Education and Protection Department of RBI.
The Deputy Governor in his keynote address, while emphasizing the pivotal role that customer service plays in fostering trust and confidence in the financial system, stressed that the focus of the Top Management and Customer Service Committees of the Board should be on nurturing a customer-centric approach for continuing the trust of the customer in banking system. The Deputy Governor highlighted five key areas for the Regulated Entities to focus upon viz. (i) need for a customer centric approach, (ii) addressing the root cause of complaints, (iii) importance of resolution at first point of contact, (iv) responsible handling of complaints including equipping front-line staff with authority, tools and training and (v) combatting cybercrime. He also emphasized the importance of cultivating a culture of continuous improvement as ensuring quality of customer service is a journey and not a destination.
Discussions during the meeting revolved around approaches to address customer grievances promptly, streamlining grievance redressal mechanism, leveraging technology to enhance customer experiences, prevention of frauds and the loss mitigation, the need for creating more awareness and responsible policies to achieve excellence in customer service.
(Shweta Sharma)
Deputy General Manager
Press Release: 2023-2024/966
Continuing the outreach of the Reserve Bank of India (RBI) to the boards of banks, Shri Swaminathan J, Deputy Governor held a meeting with Heads of the Customer Service Committee of the Board, Managing Directors, Executive Directors in-charge of customer service verticals and Principal Nodal Officers of major banks on September 21, 2023 at Mumbai. The meeting was also attended by Executive Director and other senior officials of Consumer Education and Protection Department of RBI.
The Deputy Governor in his keynote address, while emphasizing the pivotal role that customer service plays in fostering trust and confidence in the financial system, stressed that the focus of the Top Management and Customer Service Committees of the Board should be on nurturing a customer-centric approach for continuing the trust of the customer in banking system. The Deputy Governor highlighted five key areas for the Regulated Entities to focus upon viz. (i) need for a customer centric approach, (ii) addressing the root cause of complaints, (iii) importance of resolution at first point of contact, (iv) responsible handling of complaints including equipping front-line staff with authority, tools and training and (v) combatting cybercrime. He also emphasized the importance of cultivating a culture of continuous improvement as ensuring quality of customer service is a journey and not a destination.
Discussions during the meeting revolved around approaches to address customer grievances promptly, streamlining grievance redressal mechanism, leveraging technology to enhance customer experiences, prevention of frauds and the loss mitigation, the need for creating more awareness and responsible policies to achieve excellence in customer service.
(Shweta Sharma)
Deputy General Manager
Press Release: 2023-2024/966
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 22, 2023. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction,
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 22, 2023. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction,
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on September 22, 2023, Friday, as under: Sl. No. Notified Amount (₹ crore)Tenor (day) Window Timing Date of Reversal 150,0001410:30 AM to 11:00 AMOctober 06, 2023 (Friday
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on September 22, 2023, Friday, as under: Sl. No. Notified Amount (₹ crore)Tenor (day) Window Timing Date of Reversal 150,0001410:30 AM to 11:00 AMOctober 06, 2023 (Friday
Reserve Bank of India (RBI) is satisfied to notify The Ananthasayanam Co-operative Bank Ltd., Trivandrum as a non-banking institution under Section 36A(2) read with Section 56 of the Banking Regulation Act, 1949. Accordingly, RBI has cancelled the licence dated December 19, 1987, granted to The Ananthasayanam Co-operative Bank Ltd., Trivandrum, Kerala to carry on banking business in India under Section 22 read with Section 56 of the Banking Regulation Act,1949 with effect from the close of business on September 21, 2023. This makes it obligatory on the part of The Ananthasayanam Co-operative Bank Ltd., Trivandrum to stop conducting the business of ‘banking’ within the meaning of section 5(b) of the Act ibid, including acceptance of deposits from non-members with immediate effect. Further, The Ananthasayanam Co-operative Bank Ltd., Trivandrum shall ensure to repay unpaid and unclaimed deposits of non-members held by it, whenever demanded, even after being notified as non-banking Institution.
Reserve Bank of India (RBI) is satisfied to notify The Ananthasayanam Co-operative Bank Ltd., Trivandrum as a non-banking institution under Section 36A(2) read with Section 56 of the Banking Regulation Act, 1949. Accordingly, RBI has cancelled the licence dated December 19, 1987, granted to The Ananthasayanam Co-operative Bank Ltd., Trivandrum, Kerala to carry on banking business in India under Section 22 read with Section 56 of the Banking Regulation Act,1949 with effect from the close of business on September 21, 2023. This makes it obligatory on the part of The Ananthasayanam Co-operative Bank Ltd., Trivandrum to stop conducting the business of ‘banking’ within the meaning of section 5(b) of the Act ibid, including acceptance of deposits from non-members with immediate effect. Further, The Ananthasayanam Co-operative Bank Ltd., Trivandrum shall ensure to repay unpaid and unclaimed deposits of non-members held by it, whenever demanded, even after being notified as non-banking Institution.
The Reserve Bank has today released data on Money Supply for the fortnight ended September 08, 2023.Ajit Prasad Director (Communications) Press Release: 2023-2024/958
The Reserve Bank has today released data on Money Supply for the fortnight ended September 08, 2023.Ajit Prasad Director (Communications) Press Release: 2023-2024/958
Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Andhra Pradesh100010007.4413 2 Bihar200020007.498 3 Chhattisgarh100010007.477 4 Goa1001007.4610 5 Gujarat100010007.404 6 Haryana100010007.4510 100010007.4512 7 Jammu and Kashmir3733737.4130 8 Madhya Pradesh5005007.4412 500500100.30/7.4273Reissue of 7.46% Madhya Pradesh SGS 2039 issued on September 13, 2023
Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Andhra Pradesh100010007.4413 2 Bihar200020007.498 3 Chhattisgarh100010007.477 4 Goa1001007.4610 5 Gujarat100010007.404 6 Haryana100010007.4510 100010007.4512 7 Jammu and Kashmir3733737.4130 8 Madhya Pradesh5005007.4412 500500100.30/7.4273Reissue of 7.46% Madhya Pradesh SGS 2039 issued on September 13, 2023
The Reserve Bank has today released data on Reserve Money for the week ended September 15, 2023.
The Reserve Bank has today released data on Reserve Money for the week ended September 15, 2023.
Auction Results91 Days182 Days364 DaysI.Notified Amount₹10000 Crore₹8000 Crore₹6000 Crore II.Competitive Bids Received (i) Number241173176 (ii) Amount₹47506.755 Crore₹21528.5 Crore₹20035 Crore III.Cut-off price / Yield98.321596.604393.4225
Auction Results91 Days182 Days364 DaysI.Notified Amount₹10000 Crore₹8000 Crore₹6000 Crore II.Competitive Bids Received (i) Number241173176 (ii) Amount₹47506.755 Crore₹21528.5 Crore₹20035 Crore III.Cut-off price / Yield98.321596.604393.4225
T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3215 (YTM: 6.8474%) 96.6043 (YTM: 7.0494%)93.4225 (YTM: 7.0599%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore
T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3215 (YTM: 6.8474%) 96.6043 (YTM: 7.0494%)93.4225 (YTM: 7.0599%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore
T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3215 (YTM: 6.8474%) 96.6043 (YTM: 7.0494%)93.4225 (YTM: 7.0599%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore
T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3215 (YTM: 6.8474%) 96.6043 (YTM: 7.0494%)93.4225 (YTM: 7.0599%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)Weighted Average RateRangeA. Overnight Segment (I+II+III+IV)0.00-- I. Call Money0.00--II. Triparty Repo0.00-- III. Market Repo0.00-- IV. Repo in Corporate Bond0.00--
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)Weighted Average RateRangeA. Overnight Segment (I+II+III+IV)0.00-- I. Call Money0.00--II. Triparty Repo0.00-- III. Market Repo0.00-- IV. Repo in Corporate Bond0.00--
The Reserve Bank of India (RBI) has imposed, by an Order dated August 22, 2023, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an Order dated August 22, 2023, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2023, a monetary penalty of ₹3.00 Lakh (Rupees Three Lakh only) on The Harij Nagrik Sahakari Bank Ltd., Harij, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Cash Reserve Ratio (CRR)’, ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’, and ‘Interest Rate on Deposits - Directions, 2016’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2023, a monetary penalty of ₹3.00 Lakh (Rupees Three Lakh only) on The Harij Nagrik Sahakari Bank Ltd., Harij, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Cash Reserve Ratio (CRR)’, ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’, and ‘Interest Rate on Deposits - Directions, 2016’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The National Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts-Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The National Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts-Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2023, a monetary penalty of ₹3.50 Lakh (Rupees Three Lakh Fifty Thousand only) on The Co-operative Bank of Mehsana Ltd., Mehsana, 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’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2023, a monetary penalty of ₹3.50 Lakh (Rupees Three Lakh Fifty Thousand only) on The Co-operative Bank of Mehsana Ltd., Mehsana, 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’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
A.Source SecurityGOI FRB 2024GOI FRB 2024GOI FRB 20247.72% GS 20258.20% GS 20258.33% GS 20268.15% GS 20268.24% GS 2027
B.Notified Amount (amount in ₹ cr)4,0004,0001,0003,5001,0002,5001,0001,000
Destination Security6.68% GS 20317.40% GS 20357.57% GS 20338.32% GS 20329.20% GS 20308.32% GS 20326.80% GS 20606.80% GS 2060
C.i. No. of offers received87123322
ii. Total amount of Source Security offered (Face value in ₹ cr)5,400.0007,200.000300.0003,000.0001060.1002250.000400.000600.000
iii. No of offers accepted44003000
iv. Total amount of source security accepted (Face value in ₹ cr)4,000.0004,000.000001,000.000000
v. Total amount of destination security issued (Face value in ₹ cr)4126.0493956.67200921.983000
vi. Cut-off price (₹) / yield (%) for destination security96.93/7.1916101.08/7.2629NANA110.49/7.2667NANANA
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/938
A.Source SecurityGOI FRB 2024GOI FRB 2024GOI FRB 20247.72% GS 20258.20% GS 20258.33% GS 20268.15% GS 20268.24% GS 2027
B.Notified Amount (amount in ₹ cr)4,0004,0001,0003,5001,0002,5001,0001,000
Destination Security6.68% GS 20317.40% GS 20357.57% GS 20338.32% GS 20329.20% GS 20308.32% GS 20326.80% GS 20606.80% GS 2060
C.i. No. of offers received87123322
ii. Total amount of Source Security offered (Face value in ₹ cr)5,400.0007,200.000300.0003,000.0001060.1002250.000400.000600.000
iii. No of offers accepted44003000
iv. Total amount of source security accepted (Face value in ₹ cr)4,000.0004,000.000001,000.000000
v. Total amount of destination security issued (Face value in ₹ cr)4126.0493956.67200921.983000
vi. Cut-off price (₹) / yield (%) for destination security96.93/7.1916101.08/7.2629NANA110.49/7.2667NANANA
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/938
Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹33,000 crore as per the following details:
Sr NoSecurityDate of RepaymentNotified Amount
(₹ crore)GoI specific NotificationAuction DateSettlement Date
17.06% GS 2028Apr 10, 20288,000F.No.4(3)-B(W&M)/2023 dated September 18, 2023September 22, 2023
(Friday)September 25, 2023
(Monday)
27.18% GS 2033Aug 14, 203314,000
37.30% GS 2053June 19, 205311,000
Total
33,000
2. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above.
3. The securities will be sold through Reserve Bank of India Mumbai Office, Fort, Mumbai – 400001. The sale will be subject to the terms and conditions spelt out in the ‘Specific Notification’ mentioned above and the General Notification F.No.4(2)–W&M/2018, dated March 27, 2018.
4. The auction will be conducted using uniform price method for 7.06% GS 2028, 7.18% GS 2033 and multiple price method for 7.30% GS 2053. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 22, 2023 (Friday). The non-competitive bids should be submitted between 10:30 a.m. and 11:00 a.m. and the competitive bids should be submitted between 10:30 a.m. and 11:30 a.m. The result will be announced on the same day and payment by successful bidders will have to be made on September 25, 2023 (Monday).
Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹33,000 crore as per the following details:
Sr NoSecurityDate of RepaymentNotified Amount
(₹ crore)GoI specific NotificationAuction DateSettlement Date
17.06% GS 2028Apr 10, 20288,000F.No.4(3)-B(W&M)/2023 dated September 18, 2023September 22, 2023
(Friday)September 25, 2023
(Monday)
27.18% GS 2033Aug 14, 203314,000
37.30% GS 2053June 19, 205311,000
Total
33,000
2. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above.
3. The securities will be sold through Reserve Bank of India Mumbai Office, Fort, Mumbai – 400001. The sale will be subject to the terms and conditions spelt out in the ‘Specific Notification’ mentioned above and the General Notification F.No.4(2)–W&M/2018, dated March 27, 2018.
4. The auction will be conducted using uniform price method for 7.06% GS 2028, 7.18% GS 2033 and multiple price method for 7.30% GS 2053. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 22, 2023 (Friday). The non-competitive bids should be submitted between 10:30 a.m. and 11:00 a.m. and the competitive bids should be submitted between 10:30 a.m. and 11:30 a.m. The result will be announced on the same day and payment by successful bidders will have to be made on September 25, 2023 (Monday).
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS @ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV)0.00-- I. Call Money0.00-- II. Triparty Repo0.00-- III. Market Repo0.00-- IV. Repo in Corporate Bond0.00--
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS @ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV)0.00-- I. Call Money0.00-- II. Triparty Repo0.00-- III. Market Repo0.00-- IV. Repo in Corporate Bond0.00--
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@
Volume (One Leg) Weighted Average RateRange A. Overnight Segment (I+II+III+IV)0.00-- I. Call Money0.00-- II. Triparty Repo0.00-- III. Market Repo0.00-- IV. Repo in Corporate Bond0.00-- B. Term Segment I.Notice Money**0.00--
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@
Volume (One Leg) Weighted Average RateRange A. Overnight Segment (I+II+III+IV)0.00-- I. Call Money0.00-- II. Triparty Repo0.00-- III. Market Repo0.00-- IV. Repo in Corporate Bond0.00-- B. Term Segment I.Notice Money**0.00--
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average RateRange A. Overnight Segment (I+II+III+IV) 7,605.226.615.60-6.85 I.Call Money 555.206.075.60-6.80 II. Triparty Repo5,018.556.686.20-6.85 III. Market Repo1,475.476.456.25-6.50 IV. Repo in Corporate Bond 556.006.856.75 6.85 B.Term Segment I.Notice Money**9,889.506.745.00-6.90
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average RateRange A. Overnight Segment (I+II+III+IV) 7,605.226.615.60-6.85 I.Call Money 555.206.075.60-6.80 II. Triparty Repo5,018.556.686.20-6.85 III. Market Repo1,475.476.456.25-6.50 IV. Repo in Corporate Bond 556.006.856.75 6.85 B.Term Segment I.Notice Money**9,889.506.745.00-6.90
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹12,723 Crore (Face Value).
Sr. No.State / UTAmount to be raised
(₹ Cr)Additional Borrowing (Greenshoe) Option
(₹ Cr)Tenure (Year)Type of Auction
1Andhra Pradesh1000-13Yield
2Bihar2000-8Yield
3Chhattisgarh1000-7Yield
4Goa100-10Yield
5Gujarat1000-4Yield
6Haryana1000-10Yield
1000-12Yield
7Jammu and Kashmir373-30Yield
8Madhya Pradesh500-12Yield
500-Reissue of 7.46% Madhya Pradesh SGS 2039 issued on September 13, 2023Price
9Punjab500-Reissue of 7.45% Punjab SGS 2034 issued on September 06, 2023Price
500-Reissue of 7.48% Punjab SGS 2034 issued on September 13, 2023Price
10Sikkim250-10Yield
11Telangana500-7Yield
12West Bengal2500-19Yield
TOTAL12,723
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 21, 2023 (Thursday). The Government Stock up to Ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions, subject to a maximum limit of One per cent of its notified amount for a single bid per stock as per the ‘Scheme for Non-competitive Bidding Facility’. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹12,723 Crore (Face Value).
Sr. No.State / UTAmount to be raised
(₹ Cr)Additional Borrowing (Greenshoe) Option
(₹ Cr)Tenure (Year)Type of Auction
1Andhra Pradesh1000-13Yield
2Bihar2000-8Yield
3Chhattisgarh1000-7Yield
4Goa100-10Yield
5Gujarat1000-4Yield
6Haryana1000-10Yield
1000-12Yield
7Jammu and Kashmir373-30Yield
8Madhya Pradesh500-12Yield
500-Reissue of 7.46% Madhya Pradesh SGS 2039 issued on September 13, 2023Price
9Punjab500-Reissue of 7.45% Punjab SGS 2034 issued on September 06, 2023Price
500-Reissue of 7.48% Punjab SGS 2034 issued on September 13, 2023Price
10Sikkim250-10Yield
11Telangana500-7Yield
12West Bengal2500-19Yield
TOTAL12,723
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 21, 2023 (Thursday). The Government Stock up to Ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions, subject to a maximum limit of One per cent of its notified amount for a single bid per stock as per the ‘Scheme for Non-competitive Bidding Facility’. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal
Today, the Reserve Bank released the September 2023 issue of its monthly Bulletin. The Bulletin includes six speeches, five articles and current statistics.
The five articles are: I. State of the Economy; II. Fiscal Costs of Reverting to the Old Pension System by the Indian States – An Assessment; III. An Analysis of the Recent Performance of NBFC Sector; IV. Inflation and Inflation Expectations: A Distributional Mapping; and V. Private Consumption Drivers in India: A Thick Modelling Approach.
Today, the Reserve Bank released the September 2023 issue of its monthly Bulletin. The Bulletin includes six speeches, five articles and current statistics.
The five articles are: I. State of the Economy; II. Fiscal Costs of Reverting to the Old Pension System by the Indian States – An Assessment; III. An Analysis of the Recent Performance of NBFC Sector; IV. Inflation and Inflation Expectations: A Distributional Mapping; and V. Private Consumption Drivers in India: A Thick Modelling Approach.
7.17% GS 2030 7.18% GS 2037 7.25% GS 2063 I.Notified Amount ₹7,000 crore ₹12,000 crore ₹12,000 crore II. Cut off Price / Implicit Yield at cut-off 100.10/7.1490% 99.36/7.2525% 99.04/7.3233% III. Amount accepted in the auction 7,000 crore ₹12,000 crore ₹12,000 crore
7.17% GS 2030 7.18% GS 2037 7.25% GS 2063 I.Notified Amount ₹7,000 crore ₹12,000 crore ₹12,000 crore II. Cut off Price / Implicit Yield at cut-off 100.10/7.1490% 99.36/7.2525% 99.04/7.3233% III. Amount accepted in the auction 7,000 crore ₹12,000 crore ₹12,000 crore
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)Weighted Average RateRange A. Overnight Segment (I+II+III+IV)526,884.476.765.00-7.85 I. Call Money10,178.966.735.00-6.85 II. Triparty Repo377,532.906.756.75-6.90 III. Market Repo138,994.046.796.50-7.70 IV. Repo in Corporate Bond178.577.176.90-7.85 B. Term Segment
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)Weighted Average RateRange A. Overnight Segment (I+II+III+IV)526,884.476.765.00-7.85 I. Call Money10,178.966.735.00-6.85 II. Triparty Repo377,532.906.756.75-6.90 III. Market Repo138,994.046.796.50-7.70 IV. Repo in Corporate Bond178.577.176.90-7.85 B. Term Segment
In the underwriting auctions conducted on September 15, 2023 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
(₹ crore)
Nomenclature of the Security
In the underwriting auctions conducted on September 15, 2023 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
(₹ crore)
Nomenclature of the Security
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023Variation Sep. 9Sep. 1Sep. 8WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments15914229042491520119002 * Data are provisional.
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023Variation Sep. 9Sep. 1Sep. 8WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments15914229042491520119002 * Data are provisional.
The Reserve Bank of India (RBI) has, by an order dated September 13, 2023, imposed a monetary penalty of ₹1.55 lakh (Rupees One lakh fifty-five thousand only) on Nido Home Finance Limited (formerly known as Edelweiss Housing Finance Limited) (the company) for non-compliance with certain provisions of the Non-Banking Financial Company - Housing Fin
The Reserve Bank of India (RBI) has, by an order dated September 13, 2023, imposed a monetary penalty of ₹1.55 lakh (Rupees One lakh fifty-five thousand only) on Nido Home Finance Limited (formerly known as Edelweiss Housing Finance Limited) (the company) for non-compliance with certain provisions of the Non-Banking Financial Company - Housing Fin
The Reserve Bank of India (RBI) has, by an order dated September 14, 2023, imposed a monetary penalty of ₹20 lakh (Rupees Twenty lakh only) on Dhani Loans and Services Limited (the company) for non-compliance with certain provisions of the
The Reserve Bank of India (RBI) has, by an order dated September 14, 2023, imposed a monetary penalty of ₹20 lakh (Rupees Twenty lakh only) on Dhani Loans and Services Limited (the company) for non-compliance with certain provisions of the
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No.Treasury BillNotified Amount (in ₹ Crore)Auction DateSettlement Date 191 Days10,000September 20, 2023 (Wednesday)September 21, 2023 (Thursday)
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No.Treasury BillNotified Amount (in ₹ Crore)Auction DateSettlement Date 191 Days10,000September 20, 2023 (Wednesday)September 21, 2023 (Thursday)
In consultation with the concerned stakeholders including the Government, the Reserve Bank of India had constructed a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country, which was first published in August 2021 for the FY ending March 2021.
In consultation with the concerned stakeholders including the Government, the Reserve Bank of India had constructed a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country, which was first published in August 2021 for the FY ending March 2021.
Today, the Reserve Bank released its annual publication titled “Handbook of Statistics on the Indian Economy, 2022-23” (HBS). This publication, the 25th in the series, disseminates time series data on major economic and financial indicators relating to the Indian economy.
The current volume contains 240 statistical tables covering macroeconomic and financial variable pertaining to national income aggregates, output, prices, money, banking, financial markets, public finances, foreign trade and balance of payments as well as select socio-economic indicators. Longer time-series on these variables are also available on the Reserve Bank’s next generation Data Warehouse ‘Centralised
Today, the Reserve Bank released its annual publication titled “Handbook of Statistics on the Indian Economy, 2022-23” (HBS). This publication, the 25th in the series, disseminates time series data on major economic and financial indicators relating to the Indian economy.
The current volume contains 240 statistical tables covering macroeconomic and financial variable pertaining to national income aggregates, output, prices, money, banking, financial markets, public finances, foreign trade and balance of payments as well as select socio-economic indicators. Longer time-series on these variables are also available on the Reserve Bank’s next generation Data Warehouse ‘Centralised
Auction Results7.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount₹7000 Crore₹12000 Crore₹12000 Crore II.Underwriting Notified Amount₹7000 Crore₹12000 Crore₹12000 Crore III.Competitive Bids Received (i) Number101121163 (ii) Amount₹14820 Crore₹20440.250 Crore₹28115.250 Crore
Auction Results7.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount₹7000 Crore₹12000 Crore₹12000 Crore II.Underwriting Notified Amount₹7000 Crore₹12000 Crore₹12000 Crore III.Competitive Bids Received (i) Number101121163 (ii) Amount₹14820 Crore₹20440.250 Crore₹28115.250 Crore
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Baramati Sahakari Bank Ltd., Baramati, Pune, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts - Primary (Urban) Co-operative Banks.’ This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Baramati Sahakari Bank Ltd., Baramati, Pune, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts - Primary (Urban) Co-operative Banks.’ This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India announced today the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs for the year 2023-24.
2. The Reserve Bank had issued the Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs (the framework) on October 22, 2021. The framework categorises NBFCs in Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-T
The Reserve Bank of India announced today the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs for the year 2023-24.
2. The Reserve Bank had issued the Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs (the framework) on October 22, 2021. The framework categorises NBFCs in Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-T
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Becharaji Nagarik Sahakari Bank Ltd., Dist. Mehsana, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Becharaji Nagarik Sahakari Bank Ltd., Dist. Mehsana, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an Order dated August 22, 2023, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on The Waghodia Urban Co-operative Bank Ltd., Dist. Vadodara, 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’ read with ‘Loans and advances to directors etc. – directors as surety / guarantors – clarification’; ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an Order dated August 22, 2023, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on The Waghodia Urban Co-operative Bank Ltd., Dist. Vadodara, 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’ read with ‘Loans and advances to directors etc. – directors as surety / guarantors – clarification’; ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an Order dated August 22, 2023, a monetary penalty of ₹5.00 Lakh (Rupees Five Lakh only) on The Viramgam Mercantile Co-operative Bank Ltd., Viramgam, Dist. Ahmedabad, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to directors etc. – directors as surety/guarantors – Clarification’, ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and specific directions issued by RBI under the Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an Order dated August 22, 2023, a monetary penalty of ₹5.00 Lakh (Rupees Five Lakh only) on The Viramgam Mercantile Co-operative Bank Ltd., Viramgam, Dist. Ahmedabad, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to directors etc. – directors as surety/guarantors – Clarification’, ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and specific directions issued by RBI under the Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)Weighted Average RateRangeA. Overnight Segment(I+II+III+IV)538,262.186.760.01-7.85 I. Call Money9,402.466.745.00-6.85 II. Triparty Repo389,354.556.756.70-6.76 III. Market Repo139,480.176.780.01-7.00 IV. Repo in Corporate Bond25.007.857.85-7.85
B. Term Segment
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)Weighted Average RateRangeA. Overnight Segment(I+II+III+IV)538,262.186.760.01-7.85 I. Call Money9,402.466.745.00-6.85 II. Triparty Repo389,354.556.756.70-6.76 III. Market Repo139,480.176.780.01-7.00 IV. Repo in Corporate Bond25.007.857.85-7.85
B. Term Segment
The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of August 2023.
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/918
The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of August 2023.
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/918
Reserve Bank of India has been, from time to time, taking various measures to spread financial literacy among different sections of population. As a unique initiative targeted at children, RBI conducted an All-India Quiz on Financial Literacy for students of classes VIII, IX and X of government and municipal schools across the country. The multi-level quiz was initiated at the block levels in all States and Union Territories. The winning teams competed at district and State levels and winners of the State level competitions participated in six zonal rounds held at Chandigarh, Hyderabad, New Delhi, Mumbai, Kolkata and Guwahati on different dates.
Reserve Bank of India has been, from time to time, taking various measures to spread financial literacy among different sections of population. As a unique initiative targeted at children, RBI conducted an All-India Quiz on Financial Literacy for students of classes VIII, IX and X of government and municipal schools across the country. The multi-level quiz was initiated at the block levels in all States and Union Territories. The winning teams competed at district and State levels and winners of the State level competitions participated in six zonal rounds held at Chandigarh, Hyderabad, New Delhi, Mumbai, Kolkata and Guwahati on different dates.
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 15, 2023.
As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 15, 2023.
As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:
The Reserve Bank has today released data on Reserve Money for the week ended September 08, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/914
The Reserve Bank has today released data on Reserve Money for the week ended September 08, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/914
Auction Results91 Days182 Days364 Days I.Notified Amount₹10000 Crore₹8000 Crore₹6000 Crore II.Competitive Bids Received(i) Number241173176 (ii) Amount₹47506.755 Crore₹21528.5 Crore₹20035 Crore III.Cut-off price / Yield98.321596.604393.4225 (YTM: 6.8474%)(YTM: 7.0494%)(YTM: 7.0599%) IV.Competitive Bids Accepted
Auction Results91 Days182 Days364 Days I.Notified Amount₹10000 Crore₹8000 Crore₹6000 Crore II.Competitive Bids Received(i) Number241173176 (ii) Amount₹47506.755 Crore₹21528.5 Crore₹20035 Crore III.Cut-off price / Yield98.321596.604393.4225 (YTM: 6.8474%)(YTM: 7.0494%)(YTM: 7.0599%) IV.Competitive Bids Accepted
ভাৰতীয় ৰিজাৰ্ভ বেংক মোবাইল এপ্পলিকেষ্যন ইনষ্টল কৰক আৰু নৱীনতম বাতৰিৰ প্ৰৱেশাধিকাৰ পাওক!
পৃষ্ঠাটো শেহতীয়া আপডেট কৰা তাৰিখ: জুলাই 18, 2024
