The Reserve Bank of India (RBI) has imposed, by an order dated March 29, 2024, a monetary penalty of ₹4.00 lakh (Rupees Four lakh only) on Nagar Sahkari Bank Limited, Etawah (the bank) for non-compliance with directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’. 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.

The Reserve Bank of India (RBI) has imposed, by an order dated March 27, 2024, 2024, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Rohtak Central Co-operative Bank Limited, Rohtak (the bank) for contravention of the provisions of section 20 (1) and section 26 A (2) read with section 56 of the Banking Regulation Act, 1949 (BR Act).

The Reserve Bank of India (RBI) has, by an order dated March 27, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Parwanoo Urban Co-operative Bank Ltd., Parwanoo (the bank) for non-compliance with the directions issued by RBI relating to Prudential Norms on Income Recognition, Asset Classification and Provisioning (IRAC). 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 BR Act.

The result of the auction of State Government Securities held on April 08, 2024 is as under:

The Reserve Bank of India has launched the 65th round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period January - March 2024 (Q4:2023-24).

Sr. No.StateAmount to be raised (₹ Crore)Amount Accepted (₹ Crore)Cut off Yield (%)Tenure (Year)  Assam100010007.5010 2Maharashtra200020007.4517 200020007.4418 3Telangana100010007.4427 5005007.4429
Total65006500 Ajit Prasad             Director (Communications) Press Release: 2024-2025/62

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0 - - I. Call Money 0    - - II. Triparty Repo 0 - - III. Market Repo

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 13,621.60 6.30 5.00-6.45 I. Call Money 1,360.05 6.12 5.50-6.24 II. Triparty Repo 12,116.55 6.33 6.20-6.45 III. Market Repo 145.00 5.31 5.00-5.50 IV. Repo in Corporate Bond 0.00 - -

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@  Volume 
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV) 17,009.19 6.45 5.50-7.55 I. Call Money  1,675.20 6.26 5.50-6.50 II. Triparty Repo  9,518.40 6.33 6.10-6.46 

As part of Reserve Bank’s continuing engagement with the Directors of UCBs, the Reserve Bank of India (RBI) held a Conference of Chairmen, Managing Director/CEOs and Directors of select UCBs of Northern Zone at Lucknow, on April 06, 2024. The theme of the Conference was ‘Governance in UCBs: Risk Management, Compliance and Audit’. The Conference was addressed by Deputy Governor Shri M Rajeshwar Rao, Executive Director Shri Rohit Jain, and other senior RBI officials. Reserve Bank has previously engaged with the Directors of UCBs at Mumbai and Hyderabad in August 2023 and January 2024 respectively