Press Releases

The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018, had placed The City Co-operative Bank Ltd, Mumbai under Directions from the close of business on April 17, 2018. The validity of the directions was extended from time-to-time, the last being up to close of business on April 16, 2024.

The result of the auction of State Government Securities held on April 16, 2024 is as under: (Amount in ₹Crore) HARYANA 2034 UTTARAKHAND 2029 Total Notified Amount 1000 900 1900 Tenure 10 5 Competitive Bids Received

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 32,576 Amount accepted (in ₹ crore) 32,576 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Haryana 1000 1000 7.48 10 2 Uttarakhand 900 900 7.50 5  Total 1900 1900  

The Reserve Bank of India (RBI) has imposed, by an order dated March 30, 2024, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on Omkar Nagreeya Sahkari Bank Ltd., Kanpur (the bank) for non-compliance with direction issued under ‘Supervisory Action Framework (SAF) for Primary (Urban) Co-operative Banks (UCBs)’.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on April 16, 2024, Tuesday, as under:

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 March 2024. Ajit Prasad Director (Communications) Press Release: 2024-2025/109

(Amount in ₹ Crore, Rate in Per cent) MONEY  MARKETS@ Volume 
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV) 5,75,437.076.424.00-6.85 I. Call Money         11,469.596.515.00- 6.70 II. Triparty Repo   3,73,343.70

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A 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. CO.DOS.SED.No.S370/45-11-001/2024-2025 dated April 15, 2024, has issued certain Directions to Sarvodaya Co-operative Bank Ltd., Mumbai, whereby, as from the close of business on April 15, 2024, 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 April 15, 2024, a copy of which is displayed on the bank's website / premises for perusal by interested members of the public. In particular, a sum not exceeding ₹15,000 (Rupees fifteen thousand only) of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn subject to the conditions stated in the above RBI Directions.

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A 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. CO.DOS.SED.No.S369/45-11-001/2024-2025 dated April 15, 2024, has issued certain Directions to National Urban Co-operative Bank Ltd., Pratapgarh (Uttar Pradesh), whereby, as from the close of business on April 15, 2024, 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 April 15, 2024, a copy of which is displayed on the bank's website / premises for perusal by interested members of the public. In particular, a sum not exceeding ₹10,000 (Rupees ten thousand only) of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn subject to the conditions statedin the above RBI Directions.