Press Releases - આરબીઆઈ - Reserve Bank of India
Press Releases
The Reserve Bank of India (RBI), vide order dated February 5, 2024, has cancelled the licence of “Jai Prakash Narayan Nagari Sahakari Bank Ltd., Basmathnagar, Maharashtra”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 6,2024. The Commissioner for Co-operation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.
The Reserve Bank of India (RBI), vide order dated February 5, 2024, has cancelled the licence of “Jai Prakash Narayan Nagari Sahakari Bank Ltd., Basmathnagar, Maharashtra”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 6,2024. The Commissioner for Co-operation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka vide Directive DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20 dated January 02, 2020, for a period of six months up to July 10, 2020, as modified from time to time, which were last extended up to the close of business on February 10, 2024 vide Directive DOR.MON/D-86/12.23.283/2023-24 dated November 07, 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 February 10, 2024.
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka vide Directive DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20 dated January 02, 2020, for a period of six months up to July 10, 2020, as modified from time to time, which were last extended up to the close of business on February 10, 2024 vide Directive DOR.MON/D-86/12.23.283/2023-24 dated November 07, 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 February 10, 2024.
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 07, 2024, Wednesday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 07, 2024, Wednesday, as under:
The Reserve Bank of India (RBI) has, by an order dated February 6, 2024 imposed a monetary penalty of ₹8.80 lakh (Rupees Eight lakh eighty thousand only) on Power Finance Corporation Limited, New Delhi (the company) for non-compliance with certain provisions of the RBI’s directions on ‘Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause (b) of sub-section (1) of section 58G read with clause (aa) of sub-section (5) of section 58B of the Reserve Bank of India Act, 1934 (RBI Act).
The Reserve Bank of India (RBI) has, by an order dated February 6, 2024 imposed a monetary penalty of ₹8.80 lakh (Rupees Eight lakh eighty thousand only) on Power Finance Corporation Limited, New Delhi (the company) for non-compliance with certain provisions of the RBI’s directions on ‘Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause (b) of sub-section (1) of section 58G read with clause (aa) of sub-section (5) of section 58B of the Reserve Bank of India Act, 1934 (RBI Act).
The result of the auction of State Government Securities held on February 06, 2024 is as under:
The result of the auction of State Government Securities held on February 06, 2024 is as under:
Sr. No. State/UT Amount to be raised (₹ Cr) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.39 5 500 500 7.49 12 1000 1000 7.49 15 500 500 7.46 17 1000 1000 7.52 19 2 Assam 1000 1000 7.52 10 3 Bihar 2000 2000 7.52 15
Sr. No. State/UT Amount to be raised (₹ Cr) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.39 5 500 500 7.49 12 1000 1000 7.49 15 500 500 7.46 17 1000 1000 7.52 19 2 Assam 1000 1000 7.52 10 3 Bihar 2000 2000 7.52 15
Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 41,804 Amount accepted (in ₹ crore) 41,804 Cut off Rate (%) 6.49 Weighted Average Rate (%)
Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 41,804 Amount accepted (in ₹ crore) 41,804 Cut off Rate (%) 6.49 Weighted Average Rate (%)
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 06, 2024, Tuesday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 06, 2024, Tuesday, as under:
Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 27,538 Amount accepted (in ₹ crore) 27,538 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1806
Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 27,538 Amount accepted (in ₹ crore) 27,538 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1806
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average RateRange A. Overnight Segment (I+II+III+IV) 516,440.39 6.32 1.00-7.50 I. Call Money 11,047.78 6.47 5.00-6.55
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average RateRange A. Overnight Segment (I+II+III+IV) 516,440.39 6.32 1.00-7.50 I. Call Money 11,047.78 6.47 5.00-6.55
Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹33,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (Rs. crore) GoI specific Notification
Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹33,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (Rs. crore) GoI specific Notification
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 06, 2024, Tuesday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 06, 2024, Tuesday, as under:
Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 18,750 Amount accepted (in ₹ crore) 18,750 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1803
Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 18,750 Amount accepted (in ₹ crore) 18,750 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1803
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on February 05, 2024, Monday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on February 05, 2024, Monday, 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
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
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 7,200.35 6.06 5.00-6.50 I. Call Money 728.30 6.10 5.65-6.50 II. Triparty Repo 6,170.70 6.09 6.00-6.21 III. Market Repo 301.35 5.50 5.00-6.00 IV. Repo in Corporate Bond
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 7,200.35 6.06 5.00-6.50 I. Call Money 728.30 6.10 5.65-6.50 II. Triparty Repo 6,170.70 6.09 6.00-6.21 III. Market Repo 301.35 5.50 5.00-6.00 IV. Repo in Corporate Bond
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 2,391.45 6.29 5.50-6.75 I. Call Money 842.55 6.13 5.50-6.24 II. Triparty Repo 1,073.90 6.24 5.90-6.70 III. Market Repo 50.00 6.00 6.00-6.00 IV. Repo in Corporate Bond 425.00 6.75 6.75-6.75 B. Term Segment I. Notice Money** 9,902.56 6.56 5.00-6.75 II. Term Money@@ 478.00 - 6.65-7.50 III. Triparty Repo 331,227.90 6.32 6.05-6.70 IV. Market Repo 181,002.89 6.49 0.01-6.90 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) 2,391.45 6.29 5.50-6.75 I. Call Money 842.55 6.13 5.50-6.24 II. Triparty Repo 1,073.90 6.24 5.90-6.70 III. Market Repo 50.00 6.00 6.00-6.00 IV. Repo in Corporate Bond 425.00 6.75 6.75-6.75 B. Term Segment I. Notice Money** 9,902.56 6.56 5.00-6.75 II. Term Money@@ 478.00 - 6.65-7.50 III. Triparty Repo 331,227.90 6.32 6.05-6.70 IV. Market Repo 181,002.89 6.49 0.01-6.90 V. Repo in Corporate Bond 0.00 - -
In terms of GOI Notification F.No.4(19) - W&M/2014 dated January 14, 2016 (SGB 2016-I - Issue date February 08, 2016) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of the issue of the Gold Bond. Accordingly, the final redemption date of the above tranche shall be February 08, 2024.
In terms of GOI Notification F.No.4(19) - W&M/2014 dated January 14, 2016 (SGB 2016-I - Issue date February 08, 2016) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of the issue of the Gold Bond. Accordingly, the final redemption date of the above tranche shall be February 08, 2024.
In terms of GOI Notification F. No. 4(7) - W&M/2016 dated July 14, 2016 (SGB 2016-17, Series I - Issue date August 05, 2016) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be February 05, 2024.
In terms of GOI Notification F. No. 4(7) - W&M/2016 dated July 14, 2016 (SGB 2016-17, Series I - Issue date August 05, 2016) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be February 05, 2024.
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹26,710 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Year) Type of Auction 1 Andhra Pradesh 1000 - 5 Yield 500 - 12 Yield 1000 - 15 Yield 500 - 17 Yield 1000 - 19 Yield
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹26,710 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Year) Type of Auction 1 Andhra Pradesh 1000 - 5 Yield 500 - 12 Yield 1000 - 15 Yield 500 - 17 Yield 1000 - 19 Yield
The Reserve Bank had cautioned members of public against frauds in the name of KYC updation vide its Press Release dated September 13, 2021. In the wake of continuing incidents/ reports of customers falling prey to frauds being perpetrated in the name of KYC updation, RBI once again urges the members of public to exercise caution and due care to prevent loss and safeguard themselves from such malicious practices.
The Reserve Bank had cautioned members of public against frauds in the name of KYC updation vide its Press Release dated September 13, 2021. In the wake of continuing incidents/ reports of customers falling prey to frauds being perpetrated in the name of KYC updation, RBI once again urges the members of public to exercise caution and due care to prevent loss and safeguard themselves from such malicious practices.
The Reserve Bank of India (RBI) has, by an order dated January 29, 2024, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Bajaj Housing Finance Limited, Pune (the company) for non-compliance with certain provisions of the ‘Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021’ issued by the RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 52A read with clause (aa) of sub-section (3) of section 49 of the National Housing Bank Act, 1987.
The Reserve Bank of India (RBI) has, by an order dated January 29, 2024, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Bajaj Housing Finance Limited, Pune (the company) for non-compliance with certain provisions of the ‘Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021’ issued by the RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 52A read with clause (aa) of sub-section (3) of section 49 of the National Housing Bank Act, 1987.
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Jan. 27 Jan. 19 Jan. 26 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 16745 18712 12810 -5902 -3935 * Data are provisional; difference, if any, is due to rounding off.
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Jan. 27 Jan. 19 Jan. 26 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 16745 18712 12810 -5902 -3935 * Data are provisional; difference, if any, is due to rounding off.
Auction Results 7.32% GS 2030 7.18% GS 2037 7.25% GS 2063 7.37% GOI SGrB 2054 I. Notified Amount ₹12000 Crore ₹10000 Crore ₹12000 Crore ₹5000 Crore II. Underwriting Notified Amount ₹12000 Crore ₹10000 Crore ₹12000 Crore ₹5000 Crore III. Competitive Bids Received (i) Number 152 168 267 86 (ii) Amount ₹ 28002 Crore ₹ 29830.500 Crore ₹ 32214 Crore ₹ 12125 Crore IV. Cut-off price / Yield 101.75 100.90 101.33 102.84 (YTM: 6.9883%) (YTM: 7.0749%) (YTM: 7.1475%) (YTM: 7.1387%) V. Competitive Bids Accepted(i) Number 42 27 69 31 (ii) Amount ₹ 11981.747 Crore ₹ 9992.531 Crore ₹ 11990.055 Crore ₹ 4998.455 Crore
Auction Results 7.32% GS 2030 7.18% GS 2037 7.25% GS 2063 7.37% GOI SGrB 2054 I. Notified Amount ₹12000 Crore ₹10000 Crore ₹12000 Crore ₹5000 Crore II. Underwriting Notified Amount ₹12000 Crore ₹10000 Crore ₹12000 Crore ₹5000 Crore III. Competitive Bids Received (i) Number 152 168 267 86 (ii) Amount ₹ 28002 Crore ₹ 29830.500 Crore ₹ 32214 Crore ₹ 12125 Crore IV. Cut-off price / Yield 101.75 100.90 101.33 102.84 (YTM: 6.9883%) (YTM: 7.0749%) (YTM: 7.1475%) (YTM: 7.1387%) V. Competitive Bids Accepted(i) Number 42 27 69 31 (ii) Amount ₹ 11981.747 Crore ₹ 9992.531 Crore ₹ 11990.055 Crore ₹ 4998.455 Crore
7.32% GS 2030 7.18% GS 2037 7.25% GS 2063 7.37% GOI SGrB 2054 I. Notified Amount ₹12,000 crore ₹10,000 crore ₹12,000 crore ₹5,000 crore II. Cut off Price / Implicit Yield at cut-off 101.75/ 6.9883% 100.90/ 7.0749% 101.33/ 7.1475% 102.84/ 7.1387% III. Amount accepted in the auction ₹12,000 crore ₹10,000 crore ₹12,000 crore ₹5,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL NIL Ajit Prasad Director (Communications) Press Release: 2023-2024/1790
7.32% GS 2030 7.18% GS 2037 7.25% GS 2063 7.37% GOI SGrB 2054 I. Notified Amount ₹12,000 crore ₹10,000 crore ₹12,000 crore ₹5,000 crore II. Cut off Price / Implicit Yield at cut-off 101.75/ 6.9883% 100.90/ 7.0749% 101.33/ 7.1475% 102.84/ 7.1387% III. Amount accepted in the auction ₹12,000 crore ₹10,000 crore ₹12,000 crore ₹5,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL NIL Ajit Prasad Director (Communications) Press Release: 2023-2024/1790
Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 3,975 Amount accepted (in ₹ crore) 3,975 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.48 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1789
Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 3,975 Amount accepted (in ₹ crore) 3,975 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.48 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1789
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on February 02, 2024, Friday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on February 02, 2024, Friday, as under:
In the underwriting auctions conducted on February 02, 2024 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
In the underwriting auctions conducted on February 02, 2024 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
(Amount in ₹ Crore, Rate in Per cent)MONEY MARKETS@ Volume
(One Leg)Weighted Average Rate Range A.Overnight Segment (I+II+III+IV) 8,648.49 6.63 5.00-7.09 I. Call Money 11,496.33 6.745.00-6.86
(Amount in ₹ Crore, Rate in Per cent)MONEY MARKETS@ Volume
(One Leg)Weighted Average Rate Range A.Overnight Segment (I+II+III+IV) 8,648.49 6.63 5.00-7.09 I. Call Money 11,496.33 6.745.00-6.86
The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on January 01, 2024.
The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on January 01, 2024.
The Reserve Bank of India (RBl) has imposed, by an order dated January 18, 2024, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Shirpur Peoples Co-operative Bank Ltd., Dhule (Maharashtra) (the bank) for non-compliance with directions issued by RBI on Exposure Norms & Statutory Other Restrictions- UCBs and Board of Directors-UCBs. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of 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 imposed, by an order dated January 18, 2024, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Shirpur Peoples Co-operative Bank Ltd., Dhule (Maharashtra) (the bank) for non-compliance with directions issued by RBI on Exposure Norms & Statutory Other Restrictions- UCBs and Board of Directors-UCBs. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of 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 19, 2024, imposed a monetary penalty of ₹50,000 (Rupees Fifty thousand only) on Janata Sahakari Bank Limited, Amravati (the bank) for contravention of provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act). 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.
The Reserve Bank of India (RBl) has, by an order dated January 19, 2024, imposed a monetary penalty of ₹50,000 (Rupees Fifty thousand only) on Janata Sahakari Bank Limited, Amravati (the bank) for contravention of provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act). 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.
The Reserve Bank of India (RBl) has imposed, by an order dated January 25, 2024, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Nagrik Sahakari Bank Maryadit, Shivpuri (Madhya Pradesh) (the bank) for non-compliance with directions issued by RBI on Exposure Norms & Statutory/Other Restrictions on UCBs and Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in the RBI under the provisions of 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 imposed, by an order dated January 25, 2024, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Nagrik Sahakari Bank Maryadit, Shivpuri (Madhya Pradesh) (the bank) for non-compliance with directions issued by RBI on Exposure Norms & Statutory/Other Restrictions on UCBs and Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in the RBI under the provisions of 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 imposed, by an order dated January 18, 2024, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Nashik Zilha Sarkari & Parishad Karmachari Sahakari Bank Niyamit, Nashik (Maharashtra) (the bank) for non-compliance with directions issued by RBI on Know Your Customer (KYC). 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.
The Reserve Bank of India (RBl) has imposed, by an order dated January 18, 2024, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Nashik Zilha Sarkari & Parishad Karmachari Sahakari Bank Niyamit, Nashik (Maharashtra) (the bank) for non-compliance with directions issued by RBI on Know Your Customer (KYC). 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.
The value of exports and imports of services during December 2023 is given in the following table.
The value of exports and imports of services during December 2023 is given in the following table.
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on February 02, 2024.
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:
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on February 02, 2024.
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:
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 488,900.96 6.73 5.00-7.05 I. Call Money 13,194.75 6.79 5.00-6.86 II. Triparty Repo 328,800.25 6.70 6.64-7.00 III. Market Repo 146,430.96 6.77 6.25-6.90 IV. Repo in Corporate Bond 475.00 7.05 7.05-7.05
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 488,900.96 6.73 5.00-7.05 I. Call Money 13,194.75 6.79 5.00-6.86 II. Triparty Repo 328,800.25 6.70 6.64-7.00 III. Market Repo 146,430.96 6.77 6.25-6.90 IV. Repo in Corporate Bond 475.00 7.05 7.05-7.05
The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) since January 1, 2021 with March 2018 as base to capture the extent of digitisation of payments across the country. The index for September 2023 stands at 418.77 as against 395.57 for March 2023, which was announced on July 27, 2023.
The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) since January 1, 2021 with March 2018 as base to capture the extent of digitisation of payments across the country. The index for September 2023 stands at 418.77 as against 395.57 for March 2023, which was announced on July 27, 2023.
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of January 2024 are set out in Tables 1 to 7.
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of January 2024 are set out in Tables 1 to 7.
The Reserve Bank has today released data on Reserve Money for the week ended January 26, 2024. Ajit Prasad Director (Communications) Press Release: 2023-24/1775
The Reserve Bank has today released data on Reserve Money for the week ended January 26, 2024. Ajit Prasad Director (Communications) Press Release: 2023-24/1775
In Press Release dated March 11, 2022, the Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, had directed Paytm Payments Bank Ltd (PPBL or the bank) to stop onboarding of new customers with immediate effect.
In Press Release dated March 11, 2022, the Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, had directed Paytm Payments Bank Ltd (PPBL or the bank) to stop onboarding of new customers with immediate effect.
Data on sectoral deployment of bank credit for the month of December 2023[1] collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit[2] registered a growth of 15.8 per cent in December 2023[3] as compared with 15.3 per cent a year ago. Highlights of the sectoral deployment of bank credit3 are given below:
Data on sectoral deployment of bank credit for the month of December 2023[1] collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit[2] registered a growth of 15.8 per cent in December 2023[3] as compared with 15.3 per cent a year ago. Highlights of the sectoral deployment of bank credit3 are given below:
Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹10000 Crore ₹9000 Crore II. Competitive Bids Received (i) Number 61 155 171 (ii) Amount ₹ 15785.354 Crore ₹ 29501.950 Crore ₹ 36960 Crore III. Cut-off price / Yield 98.2740 96.5415 93.3406 (YTM:7.0446%) (YTM:7.1845%) (YTM:7.1541%) IV. Competitive Bids Accepted (i) Number 41 63 29 (ii) Amount ₹ 7966.076 Crore ₹ 9967.904 Crore ₹ 8984.529 Crore
Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹10000 Crore ₹9000 Crore II. Competitive Bids Received (i) Number 61 155 171 (ii) Amount ₹ 15785.354 Crore ₹ 29501.950 Crore ₹ 36960 Crore III. Cut-off price / Yield 98.2740 96.5415 93.3406 (YTM:7.0446%) (YTM:7.1845%) (YTM:7.1541%) IV. Competitive Bids Accepted (i) Number 41 63 29 (ii) Amount ₹ 7966.076 Crore ₹ 9967.904 Crore ₹ 8984.529 Crore
91 days, 182 days and 364 days T-Bill Auction Result: Cut off
91 days, 182 days and 364 days T-Bill Auction Result: Cut off
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 511,187.86 6.73 4.00-7.90 I. Call Money 10,407.63 6.75 5.00-6.86 II. Triparty Repo 353,862.90 6.70 6.25-6.76 III. Market Repo 146,412.33 6.79 4.00-6.91 IV. Repo in Corporate Bond 505.00 7.10 7.05-7.90
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 511,187.86 6.73 4.00-7.90 I. Call Money 10,407.63 6.75 5.00-6.86 II. Triparty Repo 353,862.90 6.70 6.25-6.76 III. Market Repo 146,412.33 6.79 4.00-6.91 IV. Repo in Corporate Bond 505.00 7.10 7.05-7.90
Based on an assessment of the prevailing and evolving liquidity conditions, the Reserve Bank of India has decided that an additional aggregate amount of ₹5,000 crore will be made available to the Standalone Primary Dealers (SPDs) under the Standing Liquidity Facility at the prevailing repo rate starting from January 31, 2024. The incremental limits for individual SPDs is being conveyed to them separately. All other terms and conditions of the facility shall remain unchanged.
Based on an assessment of the prevailing and evolving liquidity conditions, the Reserve Bank of India has decided that an additional aggregate amount of ₹5,000 crore will be made available to the Standalone Primary Dealers (SPDs) under the Standing Liquidity Facility at the prevailing repo rate starting from January 31, 2024. The incremental limits for individual SPDs is being conveyed to them separately. All other terms and conditions of the facility shall remain unchanged.
The result of the auction of State Government Securities held on January 30, 2024 is as under:
The result of the auction of State Government Securities held on January 30, 2024 is as under:
Sr. No. State Amount to be raised (₹ Cr) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Bihar 2000 2000 7.69 15 2 Chhattisgarh 1000 1000 7.65 9 3 Goa 100 100 7.65
Sr. No. State Amount to be raised (₹ Cr) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Bihar 2000 2000 7.69 15 2 Chhattisgarh 1000 1000 7.65 9 3 Goa 100 100 7.65
Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore)
Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore)
પેજની છેલ્લી અપડેટની તારીખ: ઑગસ્ટ 16, 2024