Press Releases

The following 14 Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949, read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. GWH.DOS.ADM.No.S163/01-10-101/2023-2024 dated October 12, 2023, has issued certain Directions to The Mahabhairab Co-operative Urban Bank Ltd., Tezpur, whereby, as from the close of business on October 12, 2023, the bank shall not, without prior approval of RBI in writing grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in the RBI Direction dated October 12, 2023, a copy of which is displayed on the bank's website / premises for perusal by interested members of the public. Considering the bank's present liquidity position, no amount from the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn, but are allowed to set off loans against deposits subject to the conditions stated in the above RBI Directions.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on October 13, 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:

(₹ crore)

SecurityNotified AmountMinimum Underwriting Commitment (MUC) amount per PDMinimum bidding commitment per PD under ACU auction

7.17% GS 203012,000286286

7.18% GS 203710,000239239

7.25% GS 206312,000286286

The underwriting auction will be conducted through multiple price-based method on October 13, 2023 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E-Kuber) System between 09.00 A.M. and 09.30 A.M. on the day of underwriting auction.

The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of securities.

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume
(One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV)531,877.746.720.01-7.85 I. Call Money9,622.206.715.00-6.85 II. Triparty Repo391,078.906.736.00-6.85 III. Market Repo131,031.646.670.01-6.87 IV. Repo in Corporate Bond145.007.676.80-7.85

B. Term Segment   

     I. Notice Money**175.506.696.00-6.80

     II. Term Money@@615.75-6.30-7.00

     III. Triparty Repo0.00--

     IV. Market Repo1,395.006.846.80-6.90

     V. Repo in Corporate Bond0.00--

RBI OPERATIONS@

 Auction DateTenor (Days)Maturity DateAmountCurrent Rate /
Cut off Rate

C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)

I. Today's Operations

1. Fixed Rate     

2. Variable Rate&     

  (I) Main Operation     

     (a) Repo     

     (b) Reverse Repo     

  (II) Fine Tuning Operations     

     (a) Repo     

     (b) Reverse Repo     

3. MSFMon, 09/10/20231Tue, 10/10/202330,749.006.75

4. SDFΔMon, 09/10/20231Tue, 10/10/202340,937.006.25

5. Net liquidity injected from today's operations [injection (+)/absorption (-)]*   -10,188.00

The Reserve Bank has today released data on Reserve Money for the week ended September 22, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1002

Auction Results 91 Days 182 Days 364 Days I.Notified Amount ₹10000 Crore ₹8000 Crore ₹6000 Crore II.Competitive Bids Received (i) Number 241173176 (ii) Amount ₹47506.755 Crore ₹21528.5 Crore ₹20035 Crore III.Cut-off price / Yield 98.321596.604393.4225 (YTM: 6.8474%)(YTM: 7.0494%)(YTM: 7.0599%) IV.Competitive Bids Accepted

I.T-Bill91 days182 days364 days II.Total Face Value Notified ₹7,000 Crore ₹8,000 Crore ₹9,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3125 (YTM: 6.8847%)96.5678 (YTM: 7.1279%)93.3485 (YTM: 7.1450%)

IV.Total Face Value Accepted₹7,000 Crore₹8,000 Crore₹9,000 Crore

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1085

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS @ Volume
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV)531,877.746.720.01-7.85 I. Call Money 9,622.206.715.00-6.85 II. Triparty Repo 391,078.906.736.00-6.85

     III. Market Repo131,031.646.670.01-6.87

     IV. Repo in Corporate Bond145.007.676.80-7.85

B. Term Segment   

     I. Notice Money**175.506.696.00-6.80

     II. Term Money@@615.75-6.30-7.00

     III. Triparty Repo0.00--

     IV. Market Repo1,395.006.846.80-6.90

     V. Repo in Corporate Bond0.00--

RBI OPERATIONS@

 Auction DateTenor (Days)Maturity DateAmountCurrent Rate /
Cut off Rate

C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)

I. Today's Operations

1. Fixed Rate     

2. Variable Rate&     

  (I) Main Operation     

     (a) Repo     

     (b) Reverse Repo     

  (II) Fine Tuning Operations     

     (a) Repo     

     (b) Reverse Repo     

3. MSFMon, 09/10/20231Tue, 10/10/202330,749.006.75

4. SDFΔMon, 09/10/20231Tue, 10/10/202340,937.006.25

5. Net liquidity injected from today's operations [injection (+)/absorption (-)]*   -10,188.00

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹18,000 crore (face value). The security-wise details of the conversion/switch are given as under:

Date of AuctionSource SecuritiesAmount (FV) of Source Securities
(In ₹ crore)Destination Securities

The Reserve Bank of India has, in exercise of its power, under section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the ‘bob World’ mobile application. This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application. Any further onboarding of customers of the bank on the ‘bob World’ application will be subject to rectification of the deficiencies observed and strengthening of the related processes by the bank to the satisfaction of RBI. The bank has been further directed to ensure that already onboarded ‘bob World’ customers do not face any disruption on account of this suspension.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2023-2024/1083