Press Releases

<p>Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 23,188 Amount allotted (in ₹ crore) 23,188 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.56 Partial Allotment Percentage of bids received at cut off rate (%) NA</p>
 

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 October 2024.

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on December 17, 2024, Tuesday, as under:

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 83,570 Amount allotted (in ₹ crore) 50,005 Cut off Rate (%) 6.54 Weighted Average Rate (%) 6.57 Partial Allotment Percentage of bids received at cut off rate (%) 50.42

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 564,432.69 6.67 3.50-7.10 I. Call Money 13,531.76 6.70 5.50-6.90 II. Triparty Repo 375,075.30 6.69 6.55-6.83 III. Market Repo 174,529.93 6.63 3.50-7.01 IV. Repo in Corporate Bond 1,295.70 6.83 6.80-7.10 B. Term Segment I. Notice Money** 464.05 6.74 6.10-6.80 II. Term Money@@ 760.00 - 7.00-7.10 III. Triparty Repo 2,948.00 6.81 6.70-6.85 IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

The Reserve Bank of India (RBI) has, by an order dated December 13, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Tarapur Co-operative Urban Bank Ltd., Dist. Anand, Gujarat (the bank) for non-compliance with the certain directions issued by RBI on ‘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 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, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Bhadran People’s Co-operative Bank Ltd., Dist. Anand, Gujarat (the bank) for non-compliance with the certain directions issued by RBI on ‘Interest Rate on Deposits’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

Government of India (GOI) has announced the sale (issue / re-issue) of two dated securities for a notified amount of ₹29,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 New GS 2029 Dec 23, 2029 14,000 F.No.4(3)-B(W&M)/2024 dated December 16, 2024 December 20, 2024 (Friday) December 23, 2024 (Monday) 2 7.34% GS 2064 Apr 22, 2064 15,000 Total 29,000

The Reserve Bank of India (RBI) has, by an order dated December 12, 2024, imposed a monetary penalty of ₹5.96 lakh (Rupees Five lakh ninety six thousand only) on Vaishya Sahakari Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to the Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. 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, 2024, imposed a monetary penalty of ₹15.00 lakh (Rupees Fifteen lakh only) on SBPP Co-operative Bank Limited, Killa Pardi (Dist. Valsad) (the bank), for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs’. 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.