Press Releases

The following Eight 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.

i) Due to exit from Non-Banking Financial Institution (NBFI) business:

Sr. No.Name of the CompanyRegistered Office AddressCoR No.CoR Issued onDate of Cancellation of CoR

1North Eastern Publishing and Advertising Co Ltd.Room No. 5, 1st Floor, H. M. Market, T. R. Phookan Road, Guwahati, Assam - 78100108.00039May 25, 1998August 24, 2023

2Purbanchal Prestressed LtdRoom No. 5, 1st Floor, H. M. Market, T. R. Phookan Road, Guwahati, Assam - 78100108.00003March 11, 1998August 24, 2023

3Imperial Credit Pvt Ltd8-2-337, Road No. 3 Banjara Hills, Hyderabad, Telangana - 500034N-09.00461December 21, 2018August 24, 2023

4Layana Finance and Leasing LimitedFlat No. 403, 4th Floor, Sri Sai Rajendra Pinnacle, 1-10-12/5, 6 & 7,
Street No. 4, Ashok Nagar, Hyderabad, Telangana - 50002009.00042March 02, 1998August 24, 2023

ii) Due to NBFC ceasing to be a legal entity due to amalgamation/ merger/dissolution/ voluntary strike-off, etc.:

Sr. No.Name of the CompanyRegistered Office AddressCoR No.CoR Issued onDate of Cancellation of CoR

1Twinvest Financial Services LimitedPlot No.318, Road No. 25, Jubilee Hills, Hyderabad, Telangana - 500033B-09.00346May 09, 2001August 09, 2023

2JM Financial Capital Limited7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai, Maharashtra -400025N-13.02140November 03, 2016August 23, 2023

3Kampani Consultants Ltd141, Maker Chambers III Nariman Point, Mumbai, Maharashtra - 40002113.00387March 23, 1998August 23, 2023

4Samvardhana Motherson International Limited
(CIN No U74900MH2004PLC287011)Unit-705, C Wing, One BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra -400051N-13.02168March 07, 2017August 30, 2023

Further, the following Asset Reconstruction Company has surrendered the CoR granted by RBI. The RBI, in exercise of powers conferred on it under section 4 (1) (a) of the SARFAESI Act, 2002, has therefore cancelled the CoR.

i) Due to exit from securitisation/ asset reconstruction business:

Sr. No.Name of the CompanyRegistered Office AddressCoR No.CoR Issued onDate of Cancellation of CoR

1Arcion Revitalization Private LimitedG1/G19, Grand Hyatt Shopping Plaza, Off Western Express Highway, Vakola, Santacruz (E), Mumbai, Maharashtra- 400055028/2018August 10, 2018August 28, 2023

(Yogesh Dayal)      
Chief General Manager

Press Release: 2023-2024/906

Amount to be raised (₹ Crore)    Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1    Andhra Pradesh 1000 1000 7.48 15 1000 1000 7.46 18 2 Assam* 500 - - 10 3    Goa    100    100    7.46    15 4    Haryana 1500 1500    7.47    10 5    Jammu and Kashmir    500 500    7.43    30

(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--

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹31,000 crore as per the following details:

Sr NoSecurityDate of RepaymentNotified Amount
(₹ crore)GoI specific NotificationAuction DateSettlement Date

17.17% GS 2030Apr 17, 20307,000F.No.4(3)-B(W&M)/2023 dated September 11, 2023September 15, 2023
(Friday)September 18, 2023
(Monday)

27.18% GS 2037July 24, 203712,000

37.25% GS 2063June 12, 206312,000

Total
31,000

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 7.17% GS 2030, 7.18% GS 2037 and multiple price method for 7.25% GS 2063. 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 15, 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 18, 2023 (Monday).

5. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by ‘Primary Dealers’ from 09:00 a.m. up to 09:30 a.m. on September 15, 2023 (Friday) on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

6. The Stocks will be eligible for “When Issued” trading for a period commencing from September 12 – September 15, 2023.

7. Operational guidelines for Government of India dated securities auction and other details are given in the Annex.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/903

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)Weighted Average RateRange A. Overnight Segment (I+II+III+IV)523,440.136.700.01-7.85 I. Call Money8,626.506.715.00-6.85 II. Triparty Repo365,089.956.716.41-6.77 III. Market Repo149,678.686.690.01-6.80 IV. Repo in Corporate Bond45.007.857.85-7.85 B. Term Segment

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Dwarkadas Mantri Nagari Sahakari Bank Ltd., Beed, vide Directive DoS.CO.NSUCBs-West/D-4/S3706/12.07.005/2021-22 dated March 09, 2022 for a period of six months up to September 09, 2022, as modified from time to time, which were last extended up to September 09, 2023 vide Directive DOR.MON/D-31/12.22.613/2023-24 dated June 09, 2023. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond September 09, 2023.

2. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of three months from close of business on September 09, 2023 to close of business on December 09, 2023, subject to review.

3. All other terms and conditions of the Directives under reference shall remain unchanged.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2023-2024/883

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8241/12-22-316/2022-2023 dated March 09, 2023, had placed Defence Accounts Cooperative Bank ltd, Pune under Directions from the close of business on March 10, 2023.

2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till close of business on December 10, 2023 as per the directive DOR.MON.D-73/12.22.262/2023-24 dated September 08, 2023, subject to review.

3. All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated September 08, 2023 notifying the above extension is displayed at the bank’s premises for the perusal of public.

4. The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2023-2024/896

Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months, subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated June 07, 2023 for three months up to close of business on September 09, 2023, subject to review.

It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A of Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive dated October 26, 2018, issued to the above bank, the validity of which was last extended up to close of business on September 09, 2023, shall continue to apply to the bank for a further period of three months from close of business on September 09, 2023 to close of business on December 09, 2023, vide Directive dated September 07, 2023, subject to review.

All the other terms and conditions of the Directive under reference shall remain unchanged. A copy of the above Directive dated September 07, 2023 notifying the extension is displayed at the bank’s premises for the perusal of public.

The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2023-2024/894

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, had placed Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra under Directions from the close of business on March 10, 2023, for a period of six months.

2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directions for a further period of three months from close of business on September 10, 2023, to close of business on December 10, 2023 as per the Directive ‘DOR.MON.D-72/12.22.493/2023-2024' dated September 07, 2023, subject to review.

3. All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the Directive dated September 07, 2023, notifying the above extension is displayed at the bank’s premises for the perusal of the public.

4. The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that the Reserve Bank of India is satisfied with the financial position of the bank.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2023-2024/900

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023Variation Sep. 2Aug. 25Sep. 1WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments87761647022904643414128 * Data are provisional.2. Foreign Exchange Reserves*