Press Releases

The Reserve Bank of India (RBl) has, by an order dated January 08, 2024,imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Dr. Panjabrao Deshmukh Urban Co-operative Bank Limited, Amravati, Maharashtra (the bank) for contravention of specific directions issued by RBI under Supervisory Action Framework (SAF), and non-compliance with the RBI Directions on ‘Management of Advances-UCBs’ and ‘Know Your Customer (KYC) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under 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 January 08, 2024, imposed a monetary penalty of ₹50,000/-  (Rupees Fifty thousand only) on Bhilai Nagrik Sahakari Bank Maryadit, Bhilai, Chhattisgarh (the bank) for non-compliance with the directions issued by RBI on ‘Know Your Customer (KYC) Direction, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. This action is based on the deficiency 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 (RBl) has, by an order dated January 08, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Krushiseva Urban Co-operative Bank Limited, Kole, Solapur, Maharashtra (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’ read with RBI directions on ‘Board of Directors - UCBs’ and ‘Exposure Norms and Statutory/Other Restrictions – UCBs’  and for contravention of specific directions issued by RBI under the Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers conferred on RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBl) has, by an order dated January 08, 2024,imposed a monetary penalty of ₹75,000/- (Rupees Seventy five thousand only) on Jila Sahakari Kendriya Bank Maryadit, Shahdol, Madhya Pradesh (the bank) for contravention of the provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act) read with the ‘Depositor Education and Awareness Fund Scheme, 2014’ (the Scheme). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 30, 2024, Tuesday, as under:

(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 Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo  0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money**  0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 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)  0.00  -  -  I. Call Money 0.00  -  -  II. Triparty Repo   0.00  -  -  III. Market Repo 0.00  -  -  IV. Repo in Corporate Bond   0.00  -  -  B.  Term Segment I. Notice Money**     0.00  -  -  II. Term Money@@  0.00  -  -  III. Triparty Repo   0.00  -  -  IV. Market Repo   0.00  -  -  V. 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)  0.00  -  -  I. Call Money       0.00  -  -  II. Triparty Repo   0.00  -  -  III. Market Repo     0.00  -  -  IV. Repo in Corporate Bond   0.00  -  -  B.  Term Segment         I. Notice Money**     0.00  -  -  II. Term Money@@  0.00  -  -  III. Triparty Repo   0.00  -  -  IV. Market Repo   0.00  -  -  V. Repo in Corporate Bond   0.00  -  -

Tenor  2-day  Notified Amount (in ₹ crore)  25,000  Total amount of bids received (in ₹ crore)  73,290  Amount allotted (in ₹ crore)  25,001  Cut off Rate (%)  6.74  Weighted Average Rate (%)  6.74  Partial Allotment Percentage of bids received at cut off rate (%)  44.99  Ajit Prasad Director (Communications) Press Release: 2023-2024/1754

(Amount in ₹ Crore, Rate in Per cent)  MONEY MARKETS@   Volume  (One Leg)  Weighted Average Rate  Range  A.  Overnight Segment (I+II+III+IV)  5,02,883.67  6.77  5.00-7.90  I. Call Money 10,495.38  6.77  5.00-6.90  II. Triparty Repo   3,40,765.35  6.76  6.70-6.79  III. Market Repo 1,51,232.94  6.79  5.75-6.90  IV. Repo in Corporate Bond   390.00  7.19  7.05-7.90  B.  Term Segment I. Notice Money** 947.10  6.88  5.85-6.95  II. Term Money@@  538.50  -  6.55-7.50  III. Triparty Repo 2,426.00  6.90  6.70-6.95 IV. Market Repo 2,790.00  7.55  7.10-7.80  V. Repo in Corporate Bond 0.00  -  -