Press Releases - ആർബിഐ - Reserve Bank of India
Press Releases
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV)528,258.576.742.01-7.85 I. Call Money9,149.226.715.00-6.85 II. Triparty Repo383,608.556.766.60-6.78 III. Market Repo135,370.806.682.01-6.90
IV. Repo in Corporate Bond130.007.466.85-7.85
B. Term Segment
I. Notice Money**191.006.556.15-6.75
II. Term Money@@377.00-6.55-7.40
III. Triparty Repo313.506.766.75-6.80
IV. Market Repo49.397.107.10-7.10
V. Repo in Corporate Bond0.00--
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV)528,258.576.742.01-7.85 I. Call Money9,149.226.715.00-6.85 II. Triparty Repo383,608.556.766.60-6.78 III. Market Repo135,370.806.682.01-6.90
IV. Repo in Corporate Bond130.007.466.85-7.85
B. Term Segment
I. Notice Money**191.006.556.15-6.75
II. Term Money@@377.00-6.55-7.40
III. Triparty Repo313.506.766.75-6.80
IV. Market Repo49.397.107.10-7.10
V. Repo in Corporate Bond0.00--
പിഡിഎഫ് (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 September 2023.
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/1105
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 September 2023.
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/1105
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 7,000 October 18, 2023
(Wednesday) October 19, 2023
(Thursday)
2 182 Days 8,000
3 364 Days 9,000
Total 24,000
The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).
The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, October 18, 2023, during the below given timings:
Category Timing
Competitive bids 10:30 am - 11:30 am
Non-Competitive bids 10:30 am - 11:00 am
Results will be announced on the day of the auction.
Payment by successful bidders will have to be made on Thursday, October 19, 2023.
Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/1108
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 7,000 October 18, 2023
(Wednesday) October 19, 2023
(Thursday)
2 182 Days 8,000
3 364 Days 9,000
Total 24,000
The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).
The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, October 18, 2023, during the below given timings:
Category Timing
Competitive bids 10:30 am - 11:30 am
Non-Competitive bids 10:30 am - 11:00 am
Results will be announced on the day of the auction.
Payment by successful bidders will have to be made on Thursday, October 19, 2023.
Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/1108
7.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount ₹12,000 crore ₹10,000 crore ₹1 2,000 crore II.Cut off Price / Implicit Yield at cut-off98.85/7.3959%97.73/7.4444%96.36/7.5387%
III.Amount accepted in the auction₹12,000 crore₹10,000 crore₹12,000 crore
IV.Devolvement on Primary DealersNILNILNIL
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/1103
7.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount ₹12,000 crore ₹10,000 crore ₹1 2,000 crore II.Cut off Price / Implicit Yield at cut-off98.85/7.3959%97.73/7.4444%96.36/7.5387%
III.Amount accepted in the auction₹12,000 crore₹10,000 crore₹12,000 crore
IV.Devolvement on Primary DealersNILNILNIL
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/1103
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023Variation Oct. 7Sep. 29Oct. 6WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments1083911606243031269713464 * Data are provisional.
2. Foreign Exchange Reserves*
ItemAs on October 6, 2023Variation over
WeekEnd-March 2023 Year
₹ Cr.US$ Mn.₹ Cr.US$ Mn.₹ Cr.US$ Mn.₹ Cr.US$ Mn.
12345678
1 Total Reserves4867956584742-14828-2166113691629248102051873
1.1 Foreign Currency Assets #4325067519529-3057-707135935983844342148033
1.2 Gold35220042306-11624-1425-19299-2894315003352
1.3 SDRs14921217923-31-15-1952-4694467342
1.4 Reserve Position in the IMF414774983-116-19-992-1831631147
* Difference, if any, is due to rounding off.
# Excludes (a) SDR holdings of the Reserve Bank, as they are included under the SDR holdings; (b) investment in bonds issued by IIFC (UK); and (c) amounts lent under the SAARC Currency swap arrangements.
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023Variation Oct. 7Sep. 29Oct. 6WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments1083911606243031269713464 * Data are provisional.
2. Foreign Exchange Reserves*
ItemAs on October 6, 2023Variation over
WeekEnd-March 2023 Year
₹ Cr.US$ Mn.₹ Cr.US$ Mn.₹ Cr.US$ Mn.₹ Cr.US$ Mn.
12345678
1 Total Reserves4867956584742-14828-2166113691629248102051873
1.1 Foreign Currency Assets #4325067519529-3057-707135935983844342148033
1.2 Gold35220042306-11624-1425-19299-2894315003352
1.3 SDRs14921217923-31-15-1952-4694467342
1.4 Reserve Position in the IMF414774983-116-19-992-1831631147
* Difference, if any, is due to rounding off.
# Excludes (a) SDR holdings of the Reserve Bank, as they are included under the SDR holdings; (b) investment in bonds issued by IIFC (UK); and (c) amounts lent under the SAARC Currency swap arrangements.
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹15,882 Crore (Face Value).
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹15,882 Crore (Face Value).
In the underwriting auctions conducted on October 13, 2023 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 October 13, 2023 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:
The Reserve Bank of India, in exercise of powers conferred on it under Section 29A (6) of the National Housing Bank Act, 1987, has cancelled the CoR of following company.
Sr. No.Name of the CompanyRegistered Office AddressCoR No.CoR Issued OnCancellation Order Date
1Ind Bank Housing Ltd3rd Floor, 480 Anna Salai, Nandanam, Chennai, Tamil Nadu – 60003501.0023.01August 16, 2001September 21, 2023
The Reserve Bank of India, in exercise of powers conferred on it under Section 29A (6) of the National Housing Bank Act, 1987, has cancelled the CoR of following company.
Sr. No.Name of the CompanyRegistered Office AddressCoR No.CoR Issued OnCancellation Order Date
1Ind Bank Housing Ltd3rd Floor, 480 Anna Salai, Nandanam, Chennai, Tamil Nadu – 60003501.0023.01August 16, 2001September 21, 2023
The Reserve Bank of India (RBI) has imposed, by an order dated September 15, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Jawhar Urban Co-operative Bank Limited, Palghar, Maharashtra (the bank) for non-compliance with the 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 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 15, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Jawhar Urban Co-operative Bank Limited, Palghar, Maharashtra (the bank) for non-compliance with the 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 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, by an orThe Reserve Bank of India (RBI) has, by an order dated October 10, 2023 imposed a monetary penalty of ₹5.39 Crore (Rupees Five Crore and Thirty Nine Lakh only) on Paytm Payments Bank Limited (the bank) for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’, ‘RBI Guidelines for Licensing of Payments Banks’ read with ‘Enhancement of maximum balance at end of the day’, ‘Cyber security framework in banks’ read with ‘Guidelines on reporting of unusual cyber security incidents’ and ‘Securing mobile banking applications including UPI ecosystem’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has, by an orThe Reserve Bank of India (RBI) has, by an order dated October 10, 2023 imposed a monetary penalty of ₹5.39 Crore (Rupees Five Crore and Thirty Nine Lakh only) on Paytm Payments Bank Limited (the bank) for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’, ‘RBI Guidelines for Licensing of Payments Banks’ read with ‘Enhancement of maximum balance at end of the day’, ‘Cyber security framework in banks’ read with ‘Guidelines on reporting of unusual cyber security incidents’ and ‘Securing mobile banking applications including UPI ecosystem’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has, by an order dated September 28, 2023, imposed a monetary penalty of ₹4.50 lakh (Rupees Four lakh Fifty thousand only) on The Kalyan Janata Sahakari Bank Limited, Kalyan, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Interest Rates on Deposits’ and ‘Maintenance of Deposit Accounts’. This penalty has been imposed in exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021, and examination of the Risk Assessment Report, Inspection Report and all related correspondence pertaining to the same, revealed, inter alia, that the bank had (i) opened Savings Bank (SB) accounts of ineligible institutions, and (ii) levied charges for non-maintenance of minimum balances in SB accounts without notifying the customers. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with the RBI directions, as stated therein.
After considering the bank’s reply to the notice, its additional submissions and the oral submissions made during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1074
The Reserve Bank of India (RBI) has, by an order dated September 28, 2023, imposed a monetary penalty of ₹4.50 lakh (Rupees Four lakh Fifty thousand only) on The Kalyan Janata Sahakari Bank Limited, Kalyan, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Interest Rates on Deposits’ and ‘Maintenance of Deposit Accounts’. This penalty has been imposed in exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021, and examination of the Risk Assessment Report, Inspection Report and all related correspondence pertaining to the same, revealed, inter alia, that the bank had (i) opened Savings Bank (SB) accounts of ineligible institutions, and (ii) levied charges for non-maintenance of minimum balances in SB accounts without notifying the customers. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with the RBI directions, as stated therein.
After considering the bank’s reply to the notice, its additional submissions and the oral submissions made during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1074
The Reserve Bank of India (RBI) has, by an order dated September 15, 2023, imposed a monetary penalty of ₹1.20 lakh (Rupees One lakh twenty thousand only) on Finquest Financial Solutions Private Limited, Mumbai (the company) for non-compliance with the directions issued by RBI on ‘Know Your Customer (KYC) Directions, 2016’ and ‘Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016’. 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.
The Reserve Bank of India (RBI) has, by an order dated September 15, 2023, imposed a monetary penalty of ₹1.20 lakh (Rupees One lakh twenty thousand only) on Finquest Financial Solutions Private Limited, Mumbai (the company) for non-compliance with the directions issued by RBI on ‘Know Your Customer (KYC) Directions, 2016’ and ‘Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016’. 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.
The Reserve Bank had launched the second edition of its global hackathon - “HARBINGER 2023 – Innovation for Transformation” with the theme ‘Inclusive Digital Services’ which was communicated vide Press Release dated February 14, 2023.
The Reserve Bank had launched the second edition of its global hackathon - “HARBINGER 2023 – Innovation for Transformation” with the theme ‘Inclusive Digital Services’ which was communicated vide Press Release dated February 14, 2023.
The Reserve Bank of India (RBI) has imposed, by an order dated September 15, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Jawhar Urban Co-operative Bank Limited, Palghar, Maharashtra (the bank) for non-compliance with the 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 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 15, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Jawhar Urban Co-operative Bank Limited, Palghar, Maharashtra (the bank) for non-compliance with the 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 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
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.
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.
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.
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
(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
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
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
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
(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
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
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
The result of the auction of State Government Securities held on October 10, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2038GOA 2033GUJARAT 2028GUJARAT 2029* Notified Amount 4501001000500 Tenure 151056 Competitive Bids Received
(i) No.401610460
(ii) Amount26155526198.23682.5
Cut-off Yield (%)7.677.707.62-
Competitive Bids Accepted
(i) No.9714-
(ii) Amount416.80790.835910.823-
Partial Allotment Percentage of Competitive Bids
(i) Percentage30.458613.83580.2323-
(ii) No.(4 bids)(1 bid)(6 bids)-
Non-Competitive Bids Received
(i) No.77127
(ii) Amount33.1939.16589.17722.799
Non-Competitive Price (₹)100.26100.21100.090
Non-Competitive Bids Accepted
(i) No.7712-
(ii) Amount33.1939.16589.177-
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage----
(ii) No.----
Weighted Average Yield (%)7.64017.67027.5975-
Total Allotment Amount45010010000
PUNJAB 2036**SIKKIM 2033TAMILNADU 2053UTTAR PRADESH 2034
Notified Amount100040020002000
Tenure13103011
Competitive Bids Received
(i) No.852623140
(ii) Amount6466199780358494
Cut-off Yield (%)7.757.757.627.70
Competitive Bids Accepted
(i) No.2612248
(ii) Amount829371.4631987.5611800
Partial Allotment Percentage of Competitive Bids
(i) Percentage-4.731599.378160.6452
(ii) No.-(1 bid)(2 bids)(11 bids)
Non-Competitive Bids Received
(i) No.48317
(ii) Amount22.52228.53712.439288.902
Non-Competitive Price (₹)100.14100.30100.00100.18
Non-Competitive Bids Accepted
(i) No.48317
(ii) Amount22.52228.53712.439200
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage---69.2276
(ii) No.---(17 bids)
Weighted Average Yield (%)7.73307.70707.62007.6760
Total Allotment Amount851.52240020002000
The result of the auction of State Government Securities held on October 10, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2038GOA 2033GUJARAT 2028GUJARAT 2029* Notified Amount 4501001000500 Tenure 151056 Competitive Bids Received
(i) No.401610460
(ii) Amount26155526198.23682.5
Cut-off Yield (%)7.677.707.62-
Competitive Bids Accepted
(i) No.9714-
(ii) Amount416.80790.835910.823-
Partial Allotment Percentage of Competitive Bids
(i) Percentage30.458613.83580.2323-
(ii) No.(4 bids)(1 bid)(6 bids)-
Non-Competitive Bids Received
(i) No.77127
(ii) Amount33.1939.16589.17722.799
Non-Competitive Price (₹)100.26100.21100.090
Non-Competitive Bids Accepted
(i) No.7712-
(ii) Amount33.1939.16589.177-
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage----
(ii) No.----
Weighted Average Yield (%)7.64017.67027.5975-
Total Allotment Amount45010010000
PUNJAB 2036**SIKKIM 2033TAMILNADU 2053UTTAR PRADESH 2034
Notified Amount100040020002000
Tenure13103011
Competitive Bids Received
(i) No.852623140
(ii) Amount6466199780358494
Cut-off Yield (%)7.757.757.627.70
Competitive Bids Accepted
(i) No.2612248
(ii) Amount829371.4631987.5611800
Partial Allotment Percentage of Competitive Bids
(i) Percentage-4.731599.378160.6452
(ii) No.-(1 bid)(2 bids)(11 bids)
Non-Competitive Bids Received
(i) No.48317
(ii) Amount22.52228.53712.439288.902
Non-Competitive Price (₹)100.14100.30100.00100.18
Non-Competitive Bids Accepted
(i) No.48317
(ii) Amount22.52228.53712.439200
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage---69.2276
(ii) No.---(17 bids)
Weighted Average Yield (%)7.73307.70707.62007.6760
Total Allotment Amount851.52240020002000
(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 Repo 131,031.646.670.01-6.87 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
(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 Repo 131,031.646.670.01-6.87 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
Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.46 15 2 Assam 250 250 7.47 5 3 Bihar 2000 2000 7.49 8 4 Goa 100 100 7.49 10 5 Kerala 2000 2000 7.47 14 6 Mizoram 80 80 7.46 16 7 Uttar Pradesh 3000 3000 7.49 11 TOTAL 8,430 8,430 Ajit Prasad Director (Communications) Press Release: 2023-2024/789
Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.46 15 2 Assam 250 250 7.47 5 3 Bihar 2000 2000 7.49 8 4 Goa 100 100 7.49 10 5 Kerala 2000 2000 7.47 14 6 Mizoram 80 80 7.46 16 7 Uttar Pradesh 3000 3000 7.49 11 TOTAL 8,430 8,430 Ajit Prasad Director (Communications) Press Release: 2023-2024/789
The Reserve Bank of India (RBI) has, by an order dated September 28, 2023, imposed a monetary penalty of ₹4.50 lakh (Rupees Four lakh Fifty thousand only) on The Kalyan Janata Sahakari Bank Limited, Kalyan, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Interest Rates on Deposits’ and ‘Maintenance of Deposit Accounts’. This penalty has been imposed in exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021, and examination of the Risk Assessment Report, Inspection Report and all related correspondence pertaining to the same, revealed, inter alia, that the bank had (i) opened Savings Bank (SB) accounts of ineligible institutions, and (ii) levied charges for non-maintenance of minimum balances in SB accounts without notifying the customers. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with the RBI directions, as stated therein.
After considering the bank’s reply to the notice, its additional submissions and the oral submissions made during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1074
The Reserve Bank of India (RBI) has, by an order dated September 28, 2023, imposed a monetary penalty of ₹4.50 lakh (Rupees Four lakh Fifty thousand only) on The Kalyan Janata Sahakari Bank Limited, Kalyan, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Interest Rates on Deposits’ and ‘Maintenance of Deposit Accounts’. This penalty has been imposed in exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021, and examination of the Risk Assessment Report, Inspection Report and all related correspondence pertaining to the same, revealed, inter alia, that the bank had (i) opened Savings Bank (SB) accounts of ineligible institutions, and (ii) levied charges for non-maintenance of minimum balances in SB accounts without notifying the customers. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with the RBI directions, as stated therein.
After considering the bank’s reply to the notice, its additional submissions and the oral submissions made during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1074
The Reserve Bank of India (RBI) has, by an order dated September 14, 2023 imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Gadhinglaj Urban Co-operative Bank Ltd., Gadhinglaj (the bank) for contravention of Section 26A read with Section 56 of the Banking Regulation Act,1949 (BR Act) and Know Your Customer Directions issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Risk Assessment Report and all correspondence related thereto, revealed, inter alia, that the bank (i) did not transfer eligible amounts to Depositor Education and Awareness Fund, and (ii) allotted multiple UCICs to its customers. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the direction, as stated therein.
After considering the bank’s reply to the notice, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1076
The Reserve Bank of India (RBI) has, by an order dated September 14, 2023 imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Gadhinglaj Urban Co-operative Bank Ltd., Gadhinglaj (the bank) for contravention of Section 26A read with Section 56 of the Banking Regulation Act,1949 (BR Act) and Know Your Customer Directions issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Risk Assessment Report and all correspondence related thereto, revealed, inter alia, that the bank (i) did not transfer eligible amounts to Depositor Education and Awareness Fund, and (ii) allotted multiple UCICs to its customers. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the direction, as stated therein.
After considering the bank’s reply to the notice, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1076
The Reserve Bank of India (RBI) has, by an order dated September 14, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Rahimatpur Sahakari Bank Ltd., Rahimatpur, Dist. Satara, (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts- Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Risk Assessment Report and all correspondence related thereto, revealed, inter alia, that the bank had not conducted annual review of inoperative accounts. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and the oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1075
The Reserve Bank of India (RBI) has, by an order dated September 14, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Rahimatpur Sahakari Bank Ltd., Rahimatpur, Dist. Satara, (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts- Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Risk Assessment Report and all correspondence related thereto, revealed, inter alia, that the bank had not conducted annual review of inoperative accounts. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and the oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1075
The Reserve Bank of India (RBI) has imposed, by an order dated September 15, 2023, a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on The Sahayadri Sahakari Bank Limited, Mumbai (the bank) for contravention of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act), specific directions issued by RBI under the Supervisory Action Framework (SAF), and non-compliance with the RBI Directions on ‘Know Your Customer (KYC)’ and ‘Maintenance of Deposit Accounts - Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank (i) had not transferred eligible amounts to Depositor Education and Awareness Fund (DEA Fund), (ii) had offered interest rates on deposits at rate more than those offered by the State Bank of India in violation of specific directions issued under the SAF, (iii) had not put in place a system for periodic updation of KYC of its customers, (iv) had not conducted annual review of inoperative/dormant accounts, and (v) had not conducted periodic review of risk categorisation of its high-risk customers. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1077
The Reserve Bank of India (RBI) has imposed, by an order dated September 15, 2023, a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on The Sahayadri Sahakari Bank Limited, Mumbai (the bank) for contravention of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act), specific directions issued by RBI under the Supervisory Action Framework (SAF), and non-compliance with the RBI Directions on ‘Know Your Customer (KYC)’ and ‘Maintenance of Deposit Accounts - Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank (i) had not transferred eligible amounts to Depositor Education and Awareness Fund (DEA Fund), (ii) had offered interest rates on deposits at rate more than those offered by the State Bank of India in violation of specific directions issued under the SAF, (iii) had not put in place a system for periodic updation of KYC of its customers, (iv) had not conducted annual review of inoperative/dormant accounts, and (v) had not conducted periodic review of risk categorisation of its high-risk customers. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1077
The Reserve Bank of India (RBI) has, by an order dated September 28, 2023, imposed a monetary penalty of ₹13 lakh (Rupees Thirteen lakh only) on SBPP Co-operative Bank Limited, Killa Pardi, Gujarat (the bank) for non-compliance with directions issued by RBI on ‘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 Banking Regulation Act, 1949.
This action is based on deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021, and examination of the Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had opened savings deposit accounts of trusts, whose entire income was not exempt from payment of income-tax under the Income Tax Act, 1961. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the RBI directions, as stated therein.
After considering the bank’s reply to the notice, additional submissions made by it and oral submissions made during the personal hearing, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1078
The Reserve Bank of India (RBI) has, by an order dated September 28, 2023, imposed a monetary penalty of ₹13 lakh (Rupees Thirteen lakh only) on SBPP Co-operative Bank Limited, Killa Pardi, Gujarat (the bank) for non-compliance with directions issued by RBI on ‘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 Banking Regulation Act, 1949.
This action is based on deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021, and examination of the Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had opened savings deposit accounts of trusts, whose entire income was not exempt from payment of income-tax under the Income Tax Act, 1961. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the RBI directions, as stated therein.
After considering the bank’s reply to the notice, additional submissions made by it and oral submissions made during the personal hearing, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1078
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS @ Volume
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV)9,604.916.685.50-7.80 I. Call Money 524.706.175.60-6.85 II. Triparty Repo 8,481.906.705.50-6.76
III. Market Repo463.316.556.25-6.60
IV. Repo in Corporate Bond135.007.807.80-7.80
B. Term Segment
I. Notice Money**8,894.886.745.00-6.85
II. Term Money@@1,234.00-6.50-7.00
III. Triparty Repo346,339.206.756.40-6.80
IV. Market Repo142,949.926.750.01-6.90
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 RepoFri, 06/10/202314Fri, 20/10/20236,668.006.49
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSFFri, 06/10/20233Mon, 09/10/202349,317.006.75
4. SDFΔFri, 06/10/20233Mon, 09/10/202360,659.006.25
5. Net liquidity injected from today's operations [injection (+)/absorption (-)]*
-18,010.00
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS @ Volume
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV)9,604.916.685.50-7.80 I. Call Money 524.706.175.60-6.85 II. Triparty Repo 8,481.906.705.50-6.76
III. Market Repo463.316.556.25-6.60
IV. Repo in Corporate Bond135.007.807.80-7.80
B. Term Segment
I. Notice Money**8,894.886.745.00-6.85
II. Term Money@@1,234.00-6.50-7.00
III. Triparty Repo346,339.206.756.40-6.80
IV. Market Repo142,949.926.750.01-6.90
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 RepoFri, 06/10/202314Fri, 20/10/20236,668.006.49
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSFFri, 06/10/20233Mon, 09/10/202349,317.006.75
4. SDFΔFri, 06/10/20233Mon, 09/10/202360,659.006.25
5. Net liquidity injected from today's operations [injection (+)/absorption (-)]*
-18,010.00
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS @ Volume
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV)18,022.806.765.00-6.83 I. Call Money 745.156.145.00-6.75 II. Triparty Repo 17,080.656.796.50-6.83 III. Market Repo 197.006.286.00-6.76
IV. Repo in Corporate Bond0.00--
B. Term Segment
I. Notice Money**0.00--
II. Term Money@@0.00--
III. Triparty Repo0.00--
IV. Market Repo0.00--
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. MSFSat, 07/10/20232Mon, 09/10/202315,922.006.75
4. SDFΔSat, 07/10/20232Mon, 09/10/202318,552.006.25
5. Net liquidity injected from today's operations [injection (+)/absorption (-)]* -2,630.00
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS @ Volume
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV)18,022.806.765.00-6.83 I. Call Money 745.156.145.00-6.75 II. Triparty Repo 17,080.656.796.50-6.83 III. Market Repo 197.006.286.00-6.76
IV. Repo in Corporate Bond0.00--
B. Term Segment
I. Notice Money**0.00--
II. Term Money@@0.00--
III. Triparty Repo0.00--
IV. Market Repo0.00--
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. MSFSat, 07/10/20232Mon, 09/10/202315,922.006.75
4. SDFΔSat, 07/10/20232Mon, 09/10/202318,552.006.25
5. Net liquidity injected from today's operations [injection (+)/absorption (-)]* -2,630.00
(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 Money0.00-- II. Triparty Repo0.00-- III. Market Repo0.00-- IV. Repo in Corporate Bond0.00-- B. Term Segment I. Notice Money**0.00-- II. Term Money@@0.00--
III. Triparty Repo0.00--
IV. Market Repo0.00--
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. MSFSun, 08/10/20231Mon, 09/10/202394.006.75
4. SDFΔSun, 08/10/20231Mon, 09/10/20233,775.006.25
5. Net liquidity injected from today's operations [injection (+)/absorption (-)]*
-3,681.00
(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 Money0.00-- II. Triparty Repo0.00-- III. Market Repo0.00-- IV. Repo in Corporate Bond0.00-- B. Term Segment I. Notice Money**0.00-- II. Term Money@@0.00--
III. Triparty Repo0.00--
IV. Market Repo0.00--
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. MSFSun, 08/10/20231Mon, 09/10/202394.006.75
4. SDFΔSun, 08/10/20231Mon, 09/10/20233,775.006.25
5. Net liquidity injected from today's operations [injection (+)/absorption (-)]*
-3,681.00
Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of ₹39,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ crore) GoI specific Notification Auction Date Settlement Date 1 6.99% GS 2026 Apr 17, 2026 8,000 F.No.4(3)-B(W&M)/2023 dated August 28, 2023 September 01, 2023 (Friday) September 04, 2023 (Monday) 2 7.17% GS 2030 Apr 17, 2030 7,000 3 7.18% GS 2037 July 24, 2037
Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of ₹39,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ crore) GoI specific Notification Auction Date Settlement Date 1 6.99% GS 2026 Apr 17, 2026 8,000 F.No.4(3)-B(W&M)/2023 dated August 28, 2023 September 01, 2023 (Friday) September 04, 2023 (Monday) 2 7.17% GS 2030 Apr 17, 2030 7,000 3 7.18% GS 2037 July 24, 2037
The Reserve Bank of India (RBI) has imposed, by an order dated September 14, 2023, a monetary penalty of ₹1.50 Lakh (Rupees One Lakh and Fifty Thousand only) on Vidyasagar Central Co-operative Bank Limited, Midnapore, West Bengal (the bank) for non-compliance with the directions issued by RBI on “Housing Finance”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers..
The Reserve Bank of India (RBI) has imposed, by an order dated September 14, 2023, a monetary penalty of ₹1.50 Lakh (Rupees One Lakh and Fifty Thousand only) on Vidyasagar Central Co-operative Bank Limited, Midnapore, West Bengal (the bank) for non-compliance with the directions issued by RBI on “Housing Finance”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers..
The Reserve Bank of India (RBI) has, by an order dated August 31, 2023, imposed a monetary penalty of ₹1.50 Lakh (Rupees One Lakh Fifty Thousand only) on The Karnavati Co-operative Bank Ltd., Ahmedabad, Gujarat (the bank) for non-compliance with the 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’, and ‘Frauds in UCBs: Changes in Monitoring and Reporting mechanism’. This penalty has been imposed in exercise of powers vested in the 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, by an order dated August 31, 2023, imposed a monetary penalty of ₹1.50 Lakh (Rupees One Lakh Fifty Thousand only) on The Karnavati Co-operative Bank Ltd., Ahmedabad, Gujarat (the bank) for non-compliance with the 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’, and ‘Frauds in UCBs: Changes in Monitoring and Reporting mechanism’. This penalty has been imposed in exercise of powers vested in the 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 14, 2023 a monetary penalty of ₹1.00 Lakh (Rupees One Lakh only) on The Santragachi Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory/Other Restrictions - UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report revealed, inter alia, that the bank had breached prudential inter-bank (gross) exposure limit and prudential inter-bank counter-party exposure limit. Based on the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the RBI directions, as stated therein.
After considering the bank’s reply to the notice, additional submissions and oral submissions made by it during the personal hearing, RBI came to the conclusion that the aforementioned charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1063
The Reserve Bank of India (RBI) has imposed, by an order dated September 14, 2023 a monetary penalty of ₹1.00 Lakh (Rupees One Lakh only) on The Santragachi Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory/Other Restrictions - UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report revealed, inter alia, that the bank had breached prudential inter-bank (gross) exposure limit and prudential inter-bank counter-party exposure limit. Based on the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the RBI directions, as stated therein.
After considering the bank’s reply to the notice, additional submissions and oral submissions made by it during the personal hearing, RBI came to the conclusion that the aforementioned charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1063
The Reserve Bank of India (RBI) has imposed, by an order dated September 01, 2023, a monetary penalty of ₹2.00 Lakh (Rupees Two Lakh only) on The Gandevi People’s Co-operative Bank Ltd., Navsari, 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 ‘Frauds in UCBs: Changes in Monitoring and Reporting mechanism’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank (i) had breached prudential inter-bank counterparty exposure limit, and (ii) did not report a fraud case to the RBI within the prescribed timeline. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1065
The Reserve Bank of India (RBI) has imposed, by an order dated September 01, 2023, a monetary penalty of ₹2.00 Lakh (Rupees Two Lakh only) on The Gandevi People’s Co-operative Bank Ltd., Navsari, 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 ‘Frauds in UCBs: Changes in Monitoring and Reporting mechanism’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank (i) had breached prudential inter-bank counterparty exposure limit, and (ii) did not report a fraud case to the RBI within the prescribed timeline. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1065
This Statement sets out various developmental and regulatory policy measures relating to (i) Regulation (ii) Payments Systems and (iii) Consumer Protection.
This Statement sets out various developmental and regulatory policy measures relating to (i) Regulation (ii) Payments Systems and (iii) Consumer Protection.
The Reserve Bank of India, vide directive DEL.DOS.EXG_SSM No. S515/12-10- 013/2022-23 dated July 07, 2022, had placed Ramgarhia Co-operative Bank Ltd, New Delhi – under Directions from the close of business on July 08, 2022, for a period of six months up to January 08, 2023, the validity of which was extended up to October 08, 2023 vide directive DOR.MON/D-35/12.28.115/2023-24 dated July 06, 2023.
2. The Reserve Bank of India, in exercise of the powers vested in it under subsection (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till January 08, 2024, as per the directive DOR.MON/D-75/12.28.115/2023-24 dated October 06, 2023, subject to review.
3. The extension of Directions should not per se be construed as cancellation of banking license by the Reserve Bank of India. The bank will continue to undertake banking business with restrictions till its financial position improves.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1068
The Reserve Bank of India, vide directive DEL.DOS.EXG_SSM No. S515/12-10- 013/2022-23 dated July 07, 2022, had placed Ramgarhia Co-operative Bank Ltd, New Delhi – under Directions from the close of business on July 08, 2022, for a period of six months up to January 08, 2023, the validity of which was extended up to October 08, 2023 vide directive DOR.MON/D-35/12.28.115/2023-24 dated July 06, 2023.
2. The Reserve Bank of India, in exercise of the powers vested in it under subsection (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till January 08, 2024, as per the directive DOR.MON/D-75/12.28.115/2023-24 dated October 06, 2023, subject to review.
3. The extension of Directions should not per se be construed as cancellation of banking license by the Reserve Bank of India. The bank will continue to undertake banking business with restrictions till its financial position improves.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1068
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS @ Volume
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV) 501,589.146.750.01-7.85 I. Call Money 10,862.056.735.00-6.85 II. Triparty Repo 364,806.206.756.75-6.82 III. Market Repo 125,775.896.750.01-6.90 IV. Repo in Corporate Bond145.007.676.85-7.85
B. Term Segment
I. Notice Money**280.506.685.80-6.85
II. Term Money@@693.00-6.60-7.02
III. Triparty Repo752.756.686.62-6.75
IV. Market Repo607.716.656.60-6.90
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. MSFThu, 05/10/20231Fri, 06/10/202380,502.006.75
4. SDFΔThu, 05/10/20231Fri, 06/10/202355,695.006.25
5. Net liquidity injected from today's operations [injection (+)/absorption (-)]* 24,807.00
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS @ Volume
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV) 501,589.146.750.01-7.85 I. Call Money 10,862.056.735.00-6.85 II. Triparty Repo 364,806.206.756.75-6.82 III. Market Repo 125,775.896.750.01-6.90 IV. Repo in Corporate Bond145.007.676.85-7.85
B. Term Segment
I. Notice Money**280.506.685.80-6.85
II. Term Money@@693.00-6.60-7.02
III. Triparty Repo752.756.686.62-6.75
IV. Market Repo607.716.656.60-6.90
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. MSFThu, 05/10/20231Fri, 06/10/202380,502.006.75
4. SDFΔThu, 05/10/20231Fri, 06/10/202355,695.006.25
5. Net liquidity injected from today's operations [injection (+)/absorption (-)]* 24,807.00
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹10,250 Crore (Face Value).
Sr. No. State Amount to be raised
(₹ Cr) Additional Borrowing (Greenshoe) Option
(₹ Cr) Tenure
(Year) Type of Auction
1 Andhra Pradesh 450 - 15 Yield
2 Goa 100 - 10 Yield
3 Gujarat 1000 - 5 Yield
500 - 6 Yield
4 Punjab 1000 - 13 Yield
5 Sikkim 400 - 10 Yield
6 Tamil Nadu 2000 - 30 Yield
7 Uttar Pradesh 2000 - 11 Yield
2000 - 12 Yield
8 Uttarakhand 800 - 10 Yield
TOTAL 10,250
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 10, 2023 (Tuesday). The Government Stock up to Ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions, subject to a maximum limit of One per cent of its notified amount for a single bid per stock as per the ‘Scheme for Non-competitive Bidding Facility’. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in).
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 October 10, 2023 (Tuesday). The competitive bids should be submitted between 10:30 A.M. and 11:30 A.M. and non-competitive bids should be submitted between 10:30 A.M. and 11:00 A.M.
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹10,250 Crore (Face Value).
Sr. No. State Amount to be raised
(₹ Cr) Additional Borrowing (Greenshoe) Option
(₹ Cr) Tenure
(Year) Type of Auction
1 Andhra Pradesh 450 - 15 Yield
2 Goa 100 - 10 Yield
3 Gujarat 1000 - 5 Yield
500 - 6 Yield
4 Punjab 1000 - 13 Yield
5 Sikkim 400 - 10 Yield
6 Tamil Nadu 2000 - 30 Yield
7 Uttar Pradesh 2000 - 11 Yield
2000 - 12 Yield
8 Uttarakhand 800 - 10 Yield
TOTAL 10,250
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 10, 2023 (Tuesday). The Government Stock up to Ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions, subject to a maximum limit of One per cent of its notified amount for a single bid per stock as per the ‘Scheme for Non-competitive Bidding Facility’. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in).
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 October 10, 2023 (Tuesday). The competitive bids should be submitted between 10:30 A.M. and 11:30 A.M. and non-competitive bids should be submitted between 10:30 A.M. and 11:00 A.M.
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 7,000 October 04, 2023 (Wednesday) October 05, 2023 (Thursday)
2 182 Days 8,000
3 364 Days 9,000
Total 24,000
The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).
The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, October 04, 2023, during the below given timings:
Category Timing
Competitive bids 10:30 am - 11:30 am
Non-Competitive bids 10:30 am - 11:00 am
Results will be announced on the day of the auction.
Payment by successful bidders will have to be made on Thursday, October 05, 2023.
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 7,000 October 04, 2023 (Wednesday) October 05, 2023 (Thursday)
2 182 Days 8,000
3 364 Days 9,000
Total 24,000
The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).
The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, October 04, 2023, during the below given timings:
Category Timing
Competitive bids 10:30 am - 11:30 am
Non-Competitive bids 10:30 am - 11:00 am
Results will be announced on the day of the auction.
Payment by successful bidders will have to be made on Thursday, October 05, 2023.
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 7,000 October 04, 2023 (Wednesday) October 05, 2023 (Thursday)
2 182 Days 8,000
3 364 Days 9,000
Total 24,000
The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).
The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, October 04, 2023, during the below given timings:
Category Timing
Competitive bids 10:30 am - 11:30 am
Non-Competitive bids 10:30 am - 11:00 am
Results will be announced on the day of the auction.
Payment by successful bidders will have to be made on Thursday, October 05, 2023.
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 7,000 October 04, 2023 (Wednesday) October 05, 2023 (Thursday)
2 182 Days 8,000
3 364 Days 9,000
Total 24,000
The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).
The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, October 04, 2023, during the below given timings:
Category Timing
Competitive bids 10:30 am - 11:30 am
Non-Competitive bids 10:30 am - 11:00 am
Results will be announced on the day of the auction.
Payment by successful bidders will have to be made on Thursday, October 05, 2023.
The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period September 04 – September 08, 2023.
All Figures are in USD Millions
Position DateMERCHANTINTER BANK
FCY / INRFCY / FCYFCY / INRFCY / FCY
SpotForwardForward CancelSpotForwardForward CancelSpotSwapForwardSpotSwapForward
Purchases
04-09-20232,29658728741195631110,12312,3427066,0001,705365
05-09-20233,5041,6511,23638418917417,36617,6822,9718,3812,350276
06-09-20233,2621,5001,07641722821020,30413,7341,9666,8782,353213
07-09-20233,4221,03370040332429010,97919,4981,9206,6002,087131
08-09-20233,8741,66678918224217618,30318,3681,1216,9781,469362
Sales
04-09-20232,5981,05016140795631010,0888,6781995,9981,717366
05-09-20237,2222,41026439320217416,45317,2078578,3472,279277
06-09-20233,7671,87849442123021019,44215,0101,9596,8782,096213
07-09-20233,2422,09656036633629010,71015,3451,2546,6001,980131
08-09-20234,0322,17661118922617617,57214,9836687,0171,623363
(Provisional Data)
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/1059
The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period September 04 – September 08, 2023.
All Figures are in USD Millions
Position DateMERCHANTINTER BANK
FCY / INRFCY / FCYFCY / INRFCY / FCY
SpotForwardForward CancelSpotForwardForward CancelSpotSwapForwardSpotSwapForward
Purchases
04-09-20232,29658728741195631110,12312,3427066,0001,705365
05-09-20233,5041,6511,23638418917417,36617,6822,9718,3812,350276
06-09-20233,2621,5001,07641722821020,30413,7341,9666,8782,353213
07-09-20233,4221,03370040332429010,97919,4981,9206,6002,087131
08-09-20233,8741,66678918224217618,30318,3681,1216,9781,469362
Sales
04-09-20232,5981,05016140795631010,0888,6781995,9981,717366
05-09-20237,2222,41026439320217416,45317,2078578,3472,279277
06-09-20233,7671,87849442123021019,44215,0101,9596,8782,096213
07-09-20233,2422,09656036633629010,71015,3451,2546,6001,980131
08-09-20234,0322,17661118922617617,57214,9836687,0171,623363
(Provisional Data)
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/1059
The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period September 11 – September 15, 2023.
All Figures are in USD Millions
Position DateMERCHANTINTER BANK
FCY / INRFCY / FCYFCY / INRFCY / FCY
SpotForwardForward
CancelSpotForwardForward
CancelSpotSwapForwardSpotSwapForward
Purchases
11-09-20233,55499369823621025015,55313,6001,6126,8141,773214
12-09-20234,3656504533086678512,80911,6741,6545,5192,017179
13-09-20234,2571,01571435339716114,43511,3721,8566,3401,852220
14-09-20234,36777575930239313712,35512,2469586,2401,787285
15-09-20237,3541,49759729142324417,42513,2907168,2142,147339
Sales
11-09-20234,0921,79565424823125015,36215,7717726,7791,750214
12-09-20233,4211,7563133146538412,14116,0951,8105,5222,035180
13-09-20234,2002,46655636240616414,33512,2658526,3401,873221
14-09-20234,4921,88532830938213711,94212,0056566,2491,821285
15-09-20234,9572,83198529242124517,39812,3381,0368,2322,077340
(Provisional Data)
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/1060
The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period September 11 – September 15, 2023.
All Figures are in USD Millions
Position DateMERCHANTINTER BANK
FCY / INRFCY / FCYFCY / INRFCY / FCY
SpotForwardForward
CancelSpotForwardForward
CancelSpotSwapForwardSpotSwapForward
Purchases
11-09-20233,55499369823621025015,55313,6001,6126,8141,773214
12-09-20234,3656504533086678512,80911,6741,6545,5192,017179
13-09-20234,2571,01571435339716114,43511,3721,8566,3401,852220
14-09-20234,36777575930239313712,35512,2469586,2401,787285
15-09-20237,3541,49759729142324417,42513,2907168,2142,147339
Sales
11-09-20234,0921,79565424823125015,36215,7717726,7791,750214
12-09-20233,4211,7563133146538412,14116,0951,8105,5222,035180
13-09-20234,2002,46655636240616414,33512,2658526,3401,873221
14-09-20234,4921,88532830938213711,94212,0056566,2491,821285
15-09-20234,9572,83198529242124517,39812,3381,0368,2322,077340
(Provisional Data)
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/1060
Auction Results7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹7000 Crore₹13000 Crore₹10000 Crore II.Underwriting Notified Amount₹7000 Crore₹13000 Crore₹10000 Crore III.Competitive Bids Received (i) Number112187187 (ii) Amount₹15430 Crore₹28368.375 Crore₹23353.760 Crore IV.Cut-off price / Yield98.7698.8096.78 (YTM: 7.3886%)(YTM: 7.3514%)(YTM: 7.5726%) V.Competitive Bids Accepted (i) Number3883107 (ii) Amount₹6989.317 Crore₹12964.062 Crore₹9980.364 Crore
VI.Partial Allotment Percentage of Competitive Bids78.58%67.10%64.81%
(2 Bids)(11 Bids)(2 Bids)
VII.Weighted Average Price/Yield98.7698.8097.02
(WAY: 7.3886%)(WAY: 7.3514%)(WAY: 7.5517%)
VIII.Non-Competitive Bids Received
(i) Number453
(ii) Amount₹10.683 Crore₹35.938 Crore₹19.636 Crore
IX.Non-Competitive Bids Accepted
(i) Number453
(ii) Amount₹10.683 Crore₹35.938 Crore₹19.636 Crore
(iii) Partial Allotment Percentage---
X.Amount of Underwriting accepted from primary dealers₹7000 Crore₹13000 Crore₹10000 Crore
XI.Devolvement on Primary DealersNILNILNIL
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/1057
Auction Results7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹7000 Crore₹13000 Crore₹10000 Crore II.Underwriting Notified Amount₹7000 Crore₹13000 Crore₹10000 Crore III.Competitive Bids Received (i) Number112187187 (ii) Amount₹15430 Crore₹28368.375 Crore₹23353.760 Crore IV.Cut-off price / Yield98.7698.8096.78 (YTM: 7.3886%)(YTM: 7.3514%)(YTM: 7.5726%) V.Competitive Bids Accepted (i) Number3883107 (ii) Amount₹6989.317 Crore₹12964.062 Crore₹9980.364 Crore
VI.Partial Allotment Percentage of Competitive Bids78.58%67.10%64.81%
(2 Bids)(11 Bids)(2 Bids)
VII.Weighted Average Price/Yield98.7698.8097.02
(WAY: 7.3886%)(WAY: 7.3514%)(WAY: 7.5517%)
VIII.Non-Competitive Bids Received
(i) Number453
(ii) Amount₹10.683 Crore₹35.938 Crore₹19.636 Crore
IX.Non-Competitive Bids Accepted
(i) Number453
(ii) Amount₹10.683 Crore₹35.938 Crore₹19.636 Crore
(iii) Partial Allotment Percentage---
X.Amount of Underwriting accepted from primary dealers₹7000 Crore₹13000 Crore₹10000 Crore
XI.Devolvement on Primary DealersNILNILNIL
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/1057
7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹7,000 crore₹13,000 crore₹10,000 crore II.Cut off Price / Implicit Yield at cutoff 98.76/7.3886%98.80/7.3514%96.78/7.5726% III.Amount accepted in the auction₹7,000 crore₹13,000 crore₹10,000 crore IV.Devolvement on Primary DealersNILNILNIL Ajit Prasad Director (Communications)
Press Release: 2023-2024/1056
7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹7,000 crore₹13,000 crore₹10,000 crore II.Cut off Price / Implicit Yield at cutoff 98.76/7.3886%98.80/7.3514%96.78/7.5726% III.Amount accepted in the auction₹7,000 crore₹13,000 crore₹10,000 crore IV.Devolvement on Primary DealersNILNILNIL Ajit Prasad Director (Communications)
Press Release: 2023-2024/1056
റിസർവ് ബാങ്ക് ഓഫ് ഇന്ത്യ മൊബൈൽ ആപ്ലിക്കേഷൻ ഇൻസ്റ്റാൾ ചെയ്ത് ഏറ്റവും പുതിയ വാർത്തകളിലേക്ക് വേഗത്തിലുള്ള ആക്സസ് നേടുക!
പേജ് അവസാനം അപ്ഡേറ്റ് ചെയ്തത്: ജൂലൈ 16, 2024
