Press Releases

SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 07-Oct-2222-SEP-2023*06-OCT-2023*07-Oct-2222-SEP-2023*06-OCT-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks191780.92238947.18233687.07194707.13241286.81236022.15 **

b) Borrowings from banks61002.31195119.2199276.661308.31195203.11199285.6

c) Other demand & time liabilities50315.1170559.3472142.7950858.9670625.03

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹18,900 Crore (Face Value).

Sr. No.State / UTAmount to be raised (₹ Cr)Additional Borrowing (Greenshoe) Option (₹ Cr)Tenure (Year)Type of Auction

1Andhra Pradesh1000-13Yield

1000-19Yield

2Jammu and Kashmir300-30Yield

3Karnataka1000-10Yield

1000-11Yield

4Madhya Pradesh1000-11Yield

Today, the Reserve Bank released the October 2023 issue of its monthly Bulletin. The Bulletin includes two speeches, six articles and current statistics.

The six articles are: I. State of the Economy; II. Measuring Uncertainty: An Indian Perspective; III. Impact of G-Sec Yield Movements on Bank Profitability in India; IV. Production Weighted Rainfall Index and Agriculture Production: Relationship Re-visited; V. Housing Finance Companies and the COVID-19 Pandemic: Does Size Matter?; and VI. COVID-19 Pandemic and the Resilience of India’s R&D Expenditure.

The Reserve Bank has launched the 39th round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period October-December 2023. The survey assesses the business situation for the current quarter (Q3:2023-24) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q4:2023-24) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q1:2024-25 and Q2:2024-25) are also covered.

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 Price98.3105 (YTM: 6.8930%)96.5635 (YTM: 7.1372%)93.3529
(YTM: 7.1400%) IV.Total Face Value Accepted₹7,000 Crore₹8,000 Crore₹9,000 Crore Ajit Prasad Director (Communications)

Press Release: 2023-2024/1133

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume
(One Leg)Weighted
Average RateRange A. Overnight Segment (I+II+III+IV)535,099.416.745.00-7.80 I. Call Money10,896.086.725.00-6.85 II. Triparty Repo377,200.756.746.26-6.78 III. Market Repo146,752.586.745.51-6.90 IV. Repo in Corporate Bond250.007.236.85-7.80

B. Term Segment

 

     I. Notice Money**252.206.635.80-6.85

     II. Term Money@@54.00-6.75-6.90

     III. Triparty Repo100.006.806.80-6.80

     IV. Market Repo500.006.596.59-6.59

     V. Repo in Corporate Bond0.00--

Auction Results91 Days182 Days364 Days I.Notified Amount₹7000 Crore₹8000 Crore₹9000 Crore II.Competitive Bids Received (i) Number151198178 (ii) Amount₹26543.351 Crore₹24590.777 Crore₹29674.700 Crore

The Reserve Bank has today released data on Reserve Money for the week ended October 13, 2023 and Money Supply for the fortnight ended October 06, 2023.

The Reserve Bank has launched the 104th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period October-December 2023. The survey assesses business sentiment for the current quarter (Q3:2023-24) and expectations for the ensuing quarter (Q4:2023-24), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q1:2024-25 and Q2:2024-25) are also covered.

The Reserve Bank of India (RBI) has, by an order dated October 17, 2023, imposed a monetary penalty of ₹3.95 crore (Rupees Three crore Ninety Five lakhs only) on Kotak Mahindra Bank Limited (the bank) for non-compliance with RBI Directions on “Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks”, “Recovery Agents engaged by Banks”, “Customer Service in Banks”, and “‘Loans and Advances - Statutory and Other Restrictions’”. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47A(1)(c) read with Sections 46 (4)(i) of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated October 17, 2023, imposed a monetary penalty of ₹12.19 crore (Rupees Twelve crore and nineteen lakh only) on ICICI Bank Ltd. (the bank) for contravention of sub-section (1) of Section 20 of the Banking Regulation Act, 1949 (the BR Act) read with directions issued by RBI on ‘Loans and Advances-Statutory and Other restrictions', sub-section (2) of Section 6 and Section 8 of the BR Act read with directions issued by the RBI on ‘Financial Services provided by the Banks’, and non-compliance with the RBI directions on ‘Frauds classification and reporting by commercial banks and select Fls’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the BR Act.

Sr. NoState / UTAmount to be raised (₹ Crore) Amount Accepted
(₹ Crore) Cut off Yield
(%)Tenure (Year) 1Andhra Pradesh5005007.6614 5005007.6120 2Assam100010007.6710

3Bihar200020007.708

4Goa1001007.6710

5Haryana100010007.6612

6Himachal Pradesh100010007.6220

7Jammu and Kashmir4004007.5630

8Karnataka100010007.649

9Meghalaya3223227.728

10Mizoram60607.7215

11Rajasthan100010007.6220

12Tamil Nadu200020007.6510

13Telangana5005007.6516

14Uttar Pradesh200020007.6811

15West Bengal*250030007.6420

TOTAL15,88216,382
 

*West Bengal has accepted an additional amount of ₹500 Crore in the 20-year security.

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV)527,061.676.745.00-7.80 I. Call Money11,931.216.725.00-6.85 II. Triparty Repo368,817.256.756.70-6.80

     III. Market Repo146,143.216.715.00-6.88

     IV. Repo in Corporate Bond170.007.526.86-7.80

B. Term Segment

 

     I. Notice Money**276.506.566.00-6.80

     II. Term Money@@183.00-6.85-6.95

The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2469/12-07-005/2022-23 dated July 15, 2022, had placed Raigad Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 18, 2022, for a period of six months. The validity of the directions was extended from time to time, the last being up to October 18, 2023.

The result of the auction of State Government Securities held on October 17, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2037ANDHRA PRADESH 2043ASSAM 2033BIHAR 2031 Notified Amount5005001000200 Tenure1420108 Competitive Bids Received (i) No.51156496 (ii) Amount3780258549207343.5 Cut-off Yield (%)7.667.617.677.70 Competitive Bids Accepted

The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Nagarik Sahakari Bank Ltd., Babra, Gujarat (the bank) for contravention of Section 26 A (2) of the Banking Regulation Act, 1949 (BR Act) and RBI directions on ‘Loans and advances to directors, relatives, firms/concerns in which they are interested’, ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Co-operative Banks - Interest Rate on Deposits’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the BR Act.

The Reserve Bank of India (RBI) has, by an order dated September 15, 2023, imposed a monetary penalty of ₹1.70 lakh (Rupees One lakh Seventy thousand only) on West End Housing Finance Limited (the company) for non-compliance with National Housing Bank (NHB) directions on ‘Housing Finance Companies – Approval of Acquisition or Transfer of Control (NHB) Directions 2016’ and RBI direction on ‘Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021’. This penalty has been imposed in exercise of powers conferred on 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 imposed, by an order dated September 18, 2023, a monetary penalty of ₹4.50 lakh (Rupees Four lakh Fifty thousand only) on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Maintenance of Cash Reserve Ratio (CRR)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Sevalia Urban Co-operative Bank Ltd., Sevalia, dist. Kheda, Gujarat (the bank) for non-compliance of directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are Interested’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Makarpura Industrial Estate Co-operative Bank Ltd., Dist. Vadodara, Gujarat (the bank) for contravention of Section 26A (2) of the Banking Regulation Act, 1949 (BR Act) and RBI directions on ‘Loans and advances to directors, relatives, firms/concerns in which they are interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the BR Act.