Press Releases - ആർബിഐ - Reserve Bank of India
Press Releases
During the quarter ended December 31, 2023, the Reserve Bank of India has received one application under the Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector dated December 05, 2019 from Fino Payments Bank Limited.
During the quarter ended December 31, 2023, the Reserve Bank of India has received one application under the Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector dated December 05, 2019 from Fino Payments Bank Limited.
The Reserve Bank of India (RBI) has, by an order dated December 19, 2023, imposed a monetary penalty of ₹25,000/- (Rupees Twenty Five thousand only) on The Subramanianagar Co-operative Urban Bank Ltd., Salem, Tamil Nadu (the bank) for non-compliance with the directions issued by RBI on ‘Board of Directors - UCBs’ read with the directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 (AACS).
The Reserve Bank of India (RBI) has, by an order dated December 19, 2023, imposed a monetary penalty of ₹25,000/- (Rupees Twenty Five thousand only) on The Subramanianagar Co-operative Urban Bank Ltd., Salem, Tamil Nadu (the bank) for non-compliance with the directions issued by RBI on ‘Board of Directors - UCBs’ read with the directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 (AACS).
The Reserve Bank of India (RBI) has, by an order dated December 19, 2023, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Stambhadri Co-operative Urban Bank Ltd., Khammam, Telangana (the bank) for non-compliance with the directions issued by RBI on ‘Board of Directors - UCBs’ read with the directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has, by an order dated December 19, 2023, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Stambhadri Co-operative Urban Bank Ltd., Khammam, Telangana (the bank) for non-compliance with the directions issued by RBI on ‘Board of Directors - UCBs’ read with the directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has, by an order dated December 14, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Halol Urban Co-operative Bank Ltd., Panchmahal, 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’, ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘(Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has, by an order dated December 14, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Halol Urban Co-operative Bank Ltd., Panchmahal, 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’, ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘(Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has, by an order dated December 13, 2023, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Mehsana Jilla Panchayat Karmachari Co-operative Bank Ltd., Mehsana, 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 contravention of provisions of Section 26A(2) read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.
The Reserve Bank of India (RBI) has, by an order dated December 13, 2023, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Mehsana Jilla Panchayat Karmachari Co-operative Bank Ltd., Mehsana, 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 contravention of provisions of Section 26A(2) read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.
The Reserve Bank of India (RBI) has, by an order dated December 14, 2023 imposed a monetary penalty of ₹7.00 lakh (Rupees Seven lakh only) on Navsarjan Industrial Co-operative Bank Ltd., Ankleshwar, dist. Bharuch, 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)’, ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ and contravention of ‘Section 26A (2) read with Section 56 of the Banking Regulation Act, 1949 (BR Act)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.
The Reserve Bank of India (RBI) has, by an order dated December 14, 2023 imposed a monetary penalty of ₹7.00 lakh (Rupees Seven lakh only) on Navsarjan Industrial Co-operative Bank Ltd., Ankleshwar, dist. Bharuch, 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)’, ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ and contravention of ‘Section 26A (2) read with Section 56 of the Banking Regulation Act, 1949 (BR Act)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.
The Reserve Bank of India has launched the 64th round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period October - December 2023 (Q3:2023-24).
The Reserve Bank of India has launched the 64th round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period October - December 2023 (Q3:2023-24).
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 12,524.51 6.72 5.50-6.80 I. Call Money 866.70 6.28 5.50-6.75 II. Triparty Repo 11,447.20 6.76 6.50-6.80 III. Market Repo 210.61 6.21 5.50-6.30 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - -
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 12,524.51 6.72 5.50-6.80 I. Call Money 866.70 6.28 5.50-6.75 II. Triparty Repo 11,447.20 6.76 6.50-6.80 III. Market Repo 210.61 6.21 5.50-6.30 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - -
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 -- II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 -- II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond
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 last extended up to January 08, 2024 vide directive DOR.MON.D-75/12.28.115/2023-24 dated October 06, 2023.
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 last extended up to January 08, 2024 vide directive DOR.MON.D-75/12.28.115/2023-24 dated October 06, 2023.
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 10,212.10 6.53 5.50-7.85 I. Call Money 1,078.00 6.32 5.50-6.70 II. Triparty Repo 8,965.10 6.55 6.00-6.76 III. Market Repo 76.00 6.50 6.50-6.50 IV. Repo in Corporate Bond 93.00 7.75 7.10-7.85
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 10,212.10 6.53 5.50-7.85 I. Call Money 1,078.00 6.32 5.50-6.70 II. Triparty Repo 8,965.10 6.55 6.00-6.76 III. Market Repo 76.00 6.50 6.50-6.50 IV. Repo in Corporate Bond 93.00 7.75 7.10-7.85
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹19,330 Crore (Face Value). Sr. No. State / UT Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Year) Type of Auction 1 Assam 500 - 5 Yield 500 - 10 Yield
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹19,330 Crore (Face Value). Sr. No. State / UT Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Year) Type of Auction 1 Assam 500 - 5 Yield 500 - 10 Yield
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2022 2023 Variation Dec. 30 Dec. 22 Dec. 29 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 4450 2294 2579 285 -1871 * Data are provisional; difference, if any, is due to rounding off.
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2022 2023 Variation Dec. 30 Dec. 22 Dec. 29 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 4450 2294 2579 285 -1871 * Data are provisional; difference, if any, is due to rounding off.
Auction Results 7.32% GS 2030 7.18% GS 2037 7.25% GS 2063 I. Notified Amount ₹12000 Crore ₹10000 Crore ₹12000 Crore II. Underwriting Notified Amount ₹12000 Crore ₹10000 Crore ₹12000 Crore III. Competitive Bids Received (i) Number 162 153 305 (ii) Amount ₹ 26058 Crore ₹ 21203.343 Crore ₹ 35741.191 Crore IV. Cut-off price / Yield 100.66 98.51 97.12 (YTM: 7.1937%) (YTM: 7.3550%) (YTM: 7.4773%) V. Competitive Bids Accepted (i) Number 85 63 41 (ii) Amount ₹ 11987.301 Crore ₹ 9989.834 Crore ₹ 11985.983 Crore
Auction Results 7.32% GS 2030 7.18% GS 2037 7.25% GS 2063 I. Notified Amount ₹12000 Crore ₹10000 Crore ₹12000 Crore II. Underwriting Notified Amount ₹12000 Crore ₹10000 Crore ₹12000 Crore III. Competitive Bids Received (i) Number 162 153 305 (ii) Amount ₹ 26058 Crore ₹ 21203.343 Crore ₹ 35741.191 Crore IV. Cut-off price / Yield 100.66 98.51 97.12 (YTM: 7.1937%) (YTM: 7.3550%) (YTM: 7.4773%) V. Competitive Bids Accepted (i) Number 85 63 41 (ii) Amount ₹ 11987.301 Crore ₹ 9989.834 Crore ₹ 11985.983 Crore
7.32% GS 2030 7.18% GS 2037 7.25% GS 2063 I. Notified Amount ₹12,000 crore ₹10,000 crore ₹12,000 crore II. Cut off Price / Implicit Yield at cut-off 100.66/7.1937% 98.51/7.3550% 97.12/7.4773% III. Amount accepted in the auction ₹12,000 crore ₹10,000 crore ₹12,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL
7.32% GS 2030 7.18% GS 2037 7.25% GS 2063 I. Notified Amount ₹12,000 crore ₹10,000 crore ₹12,000 crore II. Cut off Price / Implicit Yield at cut-off 100.66/7.1937% 98.51/7.3550% 97.12/7.4773% III. Amount accepted in the auction ₹12,000 crore ₹10,000 crore ₹12,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL
Tenor 7-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 2,77,402 Amount allotted (in ₹ crore) 1,00,009 Cut off Rate (%) 6.68 Weighted Average Rate (%) 6.69 Partial Allotment Percentage of bids received at cut off rate (%) 36.68
Tenor 7-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 2,77,402 Amount allotted (in ₹ crore) 1,00,009 Cut off Rate (%) 6.68 Weighted Average Rate (%) 6.69 Partial Allotment Percentage of bids received at cut off rate (%) 36.68
In the underwriting auctions conducted on January 05, 2024 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
In the underwriting auctions conducted on January 05, 2024 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 524,827.33 6.70 5.00-7.85 I. Call Money 11,303.56 6.70 5.00-6.85 II. Triparty Repo 372,575.35 6.69 6.60-6.78 III. Market Repo 140,865.42 6.73 5.00-6.85 IV. Repo in Corporate Bond 83.00 7.74 7.15-7.85 B. Term Segment I. Notice Money** 177.25 6.50 5.90-6.80
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 524,827.33 6.70 5.00-7.85 I. Call Money 11,303.56 6.70 5.00-6.85 II. Triparty Repo 372,575.35 6.69 6.60-6.78 III. Market Repo 140,865.42 6.73 5.00-6.85 IV. Repo in Corporate Bond 83.00 7.74 7.15-7.85 B. Term Segment I. Notice Money** 177.25 6.50 5.90-6.80
The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of November 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1617
The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of November 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1617
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 05, 2024, Friday as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 7 10:30 AM to 11:00 AM January 12, 2024 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 05, 2024, Friday as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 7 10:30 AM to 11:00 AM January 12, 2024 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022
The Reserve Bank of India (RBI) has, by an order dated December 07, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh Fifty thousand only) on The Co-operative Urban Bank Limited, Parlakhemundi (the bank) for non-compliance with the directions issued by RBI on ‘Membership of Credit Information Companies (CICs)’ and ‘Exposure Norms and Statutory/Other Restrictions - UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005 (CIC Act) and Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 (BR Act).
The Reserve Bank of India (RBI) has, by an order dated December 07, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh Fifty thousand only) on The Co-operative Urban Bank Limited, Parlakhemundi (the bank) for non-compliance with the directions issued by RBI on ‘Membership of Credit Information Companies (CICs)’ and ‘Exposure Norms and Statutory/Other Restrictions - UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005 (CIC Act) and Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 (BR Act).
The Reserve Bank of India (RBI) has, by an order dated December 13, 2023, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Limdi Urban Co-operative Bank Limited, Limdi, dist. Dahod, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. 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.
The Reserve Bank of India (RBI) has, by an order dated December 13, 2023, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Limdi Urban Co-operative Bank Limited, Limdi, dist. Dahod, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. 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.
The Reserve Bank of India (RBI) has, by an order dated December 08, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh Fifty thousand only) on The Bhuj Commercial Co-operative Bank Limited, Dist. Kachchh, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Know Your Customer (KYC) Direction, 2016’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. 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.
The Reserve Bank of India (RBI) has, by an order dated December 08, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh Fifty thousand only) on The Bhuj Commercial Co-operative Bank Limited, Dist. Kachchh, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Know Your Customer (KYC) Direction, 2016’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. 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.
The Reserve Bank of India (RBI) has, by an order dated December 07, 2023, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Sankheda Nagarik Sahakari Bank Limited, Sankheda, Dist. Chhotaudepur, Gujarat (the bank) for non-compliance with directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ read with RBI directions on ‘Loans and Advances to directors etc. - directors as surety/guarantors – Clarification’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. 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.
The Reserve Bank of India (RBI) has, by an order dated December 07, 2023, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Sankheda Nagarik Sahakari Bank Limited, Sankheda, Dist. Chhotaudepur, Gujarat (the bank) for non-compliance with directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ read with RBI directions on ‘Loans and Advances to directors etc. - directors as surety/guarantors – Clarification’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. 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.
The Reserve Bank of India (RBI) has, by an order dated December 13, 2023, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Shree Bharat Co-operative Bank Limited, Vadodara, 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 ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. 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.
The Reserve Bank of India (RBI) has, by an order dated December 13, 2023, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Shree Bharat Co-operative Bank Limited, Vadodara, 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 ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. 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.
The nineteenth convocation ceremony of the Indira Gandhi Institute of Development Research (IGIDR) was held on January 4, 2024 at Mumbai. Dr. P.K. Mishra, Principal Secretary to the Prime Minister was the Chief Guest, and also delivered the convocation address. Shri Shaktikanta Das, Governor, Reserve Bank of India and President, IGIDR presided over the programme.
The nineteenth convocation ceremony of the Indira Gandhi Institute of Development Research (IGIDR) was held on January 4, 2024 at Mumbai. Dr. P.K. Mishra, Principal Secretary to the Prime Minister was the Chief Guest, and also delivered the convocation address. Shri Shaktikanta Das, Governor, Reserve Bank of India and President, IGIDR presided over the programme.
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 05, 2024.
As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 05, 2024.
As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 513,720.52 6.73 0.02-7.90 I. Call Money 9,841.22 6.75 5.00-6.85 II. Triparty Repo 357,937.30 6.71 6.25-6.75 III. Market Repo 145,889.00 6.77 0.02-6.89 IV. Repo in Corporate Bond 53.00 7.77 7.15-7.90
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 513,720.52 6.73 0.02-7.90 I. Call Money 9,841.22 6.75 5.00-6.85 II. Triparty Repo 357,937.30 6.71 6.25-6.75 III. Market Repo 145,889.00 6.77 0.02-6.89 IV. Repo in Corporate Bond 53.00 7.77 7.15-7.90
The Reserve Bank has today released data on Reserve Money for the week ended December 29, 2023. Ajit Prasad Director (Communications)
The Reserve Bank has today released data on Reserve Money for the week ended December 29, 2023. Ajit Prasad Director (Communications)
Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹10000 Crore ₹9000 Crore II. Competitive Bids Received (i) Number 94 126 125 (ii) Amount
Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹10000 Crore ₹9000 Crore II. Competitive Bids Received (i) Number 94 126 125 (ii) Amount
I. T-Bill 91 days 182 days 364 days II.bTotal Face Value Notified ₹8,000 Crore ₹10,000 Crore ₹9,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.2997 (YTM: 6.9378%) 96.5576 (YTM: 7.1498%) 93.3653 (YTM: 7.1257%)
I. T-Bill 91 days 182 days 364 days II.bTotal Face Value Notified ₹8,000 Crore ₹10,000 Crore ₹9,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.2997 (YTM: 6.9378%) 96.5576 (YTM: 7.1498%) 93.3653 (YTM: 7.1257%)
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 508,874.47 6.76 0.01-7.15 I. Call Money 10,747.27 6.77 5.00-6.90 II. Triparty Repo 357,797.45 6.74 6.30-6.77 III. Market Repo 140,316.75 6.80 0.01-6.95 IV. Repo in Corporate Bond 13.00 7.15 7.15-7.15 B. Term Segment I. Notice Money** 251.70 6.66 5.85-6.90
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 508,874.47 6.76 0.01-7.15 I. Call Money 10,747.27 6.77 5.00-6.90 II. Triparty Repo 357,797.45 6.74 6.30-6.77 III. Market Repo 140,316.75 6.80 0.01-6.95 IV. Repo in Corporate Bond 13.00 7.15 7.15-7.15 B. Term Segment I. Notice Money** 251.70 6.66 5.85-6.90
The Reserve Bank of India today released the draft circular on “Declaration of dividend by banks and remittance of profits to Head Office by foreign bank branches in India”. Comments on the draft circular are invited from banks, market participants, and other stakeholders by January 31, 2024.
The Reserve Bank of India today released the draft circular on “Declaration of dividend by banks and remittance of profits to Head Office by foreign bank branches in India”. Comments on the draft circular are invited from banks, market participants, and other stakeholders by January 31, 2024.
As part of the Reserve Bank’s engagement with Supervised Entities, a meeting with the Managing Director & Chief Executive Officers of all the Credit Information Companies (CICs) was held today (January 02, 2024). The meeting was chaired by Deputy Governor, RBI, Shri Swaminathan J and was attended by the Executive Directors and other senior officials of the Department of Supervision and Department of Regulation.
As part of the Reserve Bank’s engagement with Supervised Entities, a meeting with the Managing Director & Chief Executive Officers of all the Credit Information Companies (CICs) was held today (January 02, 2024). The meeting was chaired by Deputy Governor, RBI, Shri Swaminathan J and was attended by the Executive Directors and other senior officials of the Department of Supervision and Department of Regulation.
The result of the auction of State Government Securities held on January 02, 2024 is as under:(Amount in ₹Crore)ANDHRA PRADESH 2032ANDHRA PRADESH 2036ANDHRA PRADESH 2043BIHAR 2039
The result of the auction of State Government Securities held on January 02, 2024 is as under:(Amount in ₹Crore)ANDHRA PRADESH 2032ANDHRA PRADESH 2036ANDHRA PRADESH 2043BIHAR 2039
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2322/12-07-005/2022-23 dated July 07, 2022, had placed Sangli Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 08, 2022, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 08, 2024.
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2322/12-07-005/2022-23 dated July 07, 2022, had placed Sangli Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 08, 2022, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 08, 2024.
Sr. No. State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.74 8 1000 1000 7.74 12 1000 1000 7.70 19 2 Bihar 2000 2000 7.73 15 3 Gujarat 1000 1000 7.43 3 500 500 7.47 4 4 Karnataka 3000 3000 7.74 10 3000 3000 7.73 11 5 Punjab 1250 1250 7.78 13 1250 1250 7.79 14
Sr. No. State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.74 8 1000 1000 7.74 12 1000 1000 7.70 19 2 Bihar 2000 2000 7.73 15 3 Gujarat 1000 1000 7.43 3 500 500 7.47 4 4 Karnataka 3000 3000 7.74 10 3000 3000 7.73 11 5 Punjab 1250 1250 7.78 13 1250 1250 7.79 14
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 487,395.43 6.77 0.01-7.90 I. Call Money 10,181.26 6.78 5.50-6.90 II. Triparty Repo 340,462.80 6.76 6.65-6.80 III. Market Repo 136,726.37 6.79 0.01-6.98 IV. Repo in Corporate Bond 25.00 7.90 7.90-7.90 B. Term Segment I. Notice Money** 596.95 6.95 6.20-7.10 II. Term Money@@ 866.00 - 6.55-7.05 III. Triparty Repo 1,258.00 6.71 6.70-6.75 IV. Market Repo 1,121.53 7.08 6.95-7.10
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 487,395.43 6.77 0.01-7.90 I. Call Money 10,181.26 6.78 5.50-6.90 II. Triparty Repo 340,462.80 6.76 6.65-6.80 III. Market Repo 136,726.37 6.79 0.01-6.98 IV. Repo in Corporate Bond 25.00 7.90 7.90-7.90 B. Term Segment I. Notice Money** 596.95 6.95 6.20-7.10 II. Term Money@@ 866.00 - 6.55-7.05 III. Triparty Repo 1,258.00 6.71 6.70-6.75 IV. Market Repo 1,121.53 7.08 6.95-7.10
Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹34,000 crore as per the following details:
Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹34,000 crore as per the following details:
The value of exports and imports of services during November 2023 is given in the following table.
The value of exports and imports of services during November 2023 is given in the following table.
The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on December 01, 2023.
The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on December 01, 2023.
In terms of Para 13 (ii) of Government of India Notification F.No.4(10)- B(W&M)/2020 dated June 26, 2020 on Floating Rate Savings Bonds, 2020 (Taxable)- FRSB 2020 (T), the coupon/interest rate of the bond would be reset half yearly, starting with January 01, 2021 and the coupon/interest rate will be set at a spread of (+) 35 bps over the prevailing National Savings Certificate (NSC) rate.
In terms of Para 13 (ii) of Government of India Notification F.No.4(10)- B(W&M)/2020 dated June 26, 2020 on Floating Rate Savings Bonds, 2020 (Taxable)- FRSB 2020 (T), the coupon/interest rate of the bond would be reset half yearly, starting with January 01, 2021 and the coupon/interest rate will be set at a spread of (+) 35 bps over the prevailing National Savings Certificate (NSC) rate.
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 - -
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 - -
(Amount in ₹ Crore, Rate in Per cent)MONEY MARKETS@ Volume
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV) 35,846.99 6.60 5.50-6.80 I. Call Money 911.00 6.43 5.50-6.80 II. Triparty Repo 34,816.80 6.61 6.20-6.77 III. Market Repo
(Amount in ₹ Crore, Rate in Per cent)MONEY MARKETS@ Volume
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV) 35,846.99 6.60 5.50-6.80 I. Call Money 911.00 6.43 5.50-6.80 II. Triparty Repo 34,816.80 6.61 6.20-6.77 III. Market Repo
Money Market Operations as on December 29, 2023 (Amount in ₹ Crore, Rate in Per cent)MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 15,224.70 6.78 5.75-7.00 I. Call Money 1,614.85 6.49 5.75-7.00 II. Triparty Repo 13,508.85 6.81 6.25-6.90 III. Market Repo 101.00 6.60 6.60-6.60
Money Market Operations as on December 29, 2023 (Amount in ₹ Crore, Rate in Per cent)MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 15,224.70 6.78 5.75-7.00 I. Call Money 1,614.85 6.49 5.75-7.00 II. Triparty Repo 13,508.85 6.81 6.25-6.90 III. Market Repo 101.00 6.60 6.60-6.60
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹16,000 Crore (Face Value).
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹16,000 Crore (Face Value).
The Reserve Bank of India (RBI), vide order dated December 29, 2023, has cancelled the licence of “Musiri Urban Co-operative Bank Ltd., Musiri”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on December 29, 2023. The Registrar of Cooperative Societies, Tamil Nadu has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.
The Reserve Bank of India (RBI), vide order dated December 29, 2023, has cancelled the licence of “Musiri Urban Co-operative Bank Ltd., Musiri”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on December 29, 2023. The Registrar of Cooperative Societies, Tamil Nadu has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.
As announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of Monetary Policy Statement dated October 06, 2023, the Reserve Bank, has issued Master Direction - Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023 to harmonise the instructions applicable to the various regulated entities on the Internal Ombudsman (IO) mechanism.
As announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of Monetary Policy Statement dated October 06, 2023, the Reserve Bank, has issued Master Direction - Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023 to harmonise the instructions applicable to the various regulated entities on the Internal Ombudsman (IO) mechanism.
Today, the Reserve Bank released data relating to India’s International Investment Position for end-September 2023
Today, the Reserve Bank released data relating to India’s International Investment Position for end-September 2023
പേജ് അവസാനം അപ്ഡേറ്റ് ചെയ്തത്: ഒക്ടോബർ 19, 2024