Press Releases

The Reserve Bank has launched the 41st round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period April-June 2024. The survey assesses the business situation for the current quarter (Q1:2024-25) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q2:2024-25) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q3:2024-25 and Q4:2024-25) are also covered.

The Reserve Bank has launched the 106th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period April-June 2024. The survey assesses business sentiment for the current quarter (Q1:2024-25) and expectations for the ensuing quarter (Q2:2024-25), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q3:2024-25 and Q4:2024-25) are also covered.

The Reserve Bank of India (RBI) has, by an order dated March 31, 2024, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Nakodar Hindu Urban Co-operative Bank Limited, Nakodar (the bank) for non-compliance with the direction issued by RBI on ‘Investments by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on April 22, 2024, Monday, as under:

Result of the 7-day Variable Rate Repo (VRR) auction held on April 22, 2024

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on April 22, 2024, Monday, as under:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A.Overnight Segment (I+II+III+IV) 0.00 - -I. Call Money 0.00 - - II. Triparty Repo 0.00 -- III. Market Repo 0.00 - -IV. Repo in Corporate Bond 0.00

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume 
(One Leg) Weighted
Average Rate Range A Overnight Segment  (I+II+III+IV) 0.00--  I.  all Money          27628.026.365.00-6.59 II. Triparty Repo    1051.406.16

(Amount in ₹ Crore, Rate in Per cent) MONEY  MARKETS@ Volume  (One Leg) Weighted Average Rate Range  A.  Overnight  Segment (I+II+III+IV)   5,749.856.295.40-6.80   I. Call Money        1,243.256.175.40- .24 II. Triparty Repo   3,706.7       

The Reserve Bank of lndia issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The National Co-operative Bank Ltd., Bangalore vide Directive No. BLR.DOS.SSMS.No.S836/09-01-112/2023-2024 dated July 24,2023, for a period of six months up to close of business on January 24,2024, as modified from time to time, which were last extended up to close of business on April 24, 2024 vide Directive DOR.MON/D -116/12-23-112/2023-2024 dated January 18, 2024. The Reserve Bank of lndia is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on April 24, 2024.