Press Releases

The Reserve Bank of India, vide directive DOS.CO.OCCD/185569/12.28.007/2021-2022 dated January 28, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P) under Directions from the close of business on July 28, 2022. The validity of these Directions was extended time-to-time, last being up to April 27, 2024.

Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,42,875 Amount allotted (in ₹ crore) 50,008 Cut off Rate (%) 6.64 Weighted Average Rate (%) 6.65 Partial Allotment Percentage of bids received at cut off rate (%) 51.29

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on April 26, 2024

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on April 25, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 4 11:30 AM to 12:00 Noon April 29, 2024 (Monday)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)    Weighted Average Rate    Range A.    Overnight Segment (I+II+III+IV) 560,515.73    6.65    3.50-7.75 I. Call Money 11,039.47    6.67    5.10-6.80 II. Triparty Repo 382,681.50    6.70    6.65-6.80 III. Market Repo 165,993.76    6.55    3.50-6.90 

The Central Government has re-appointed Shri T. Rabi Sankar as Deputy Governor, Reserve Bank of India for a period of one year with effect from May 03, 2024, or until further orders, whichever is earlier

The Reserve Bank has today released data on Reserve Money for the week ended April 19, 2024. Ajit Prasad Press Release: 2024-2025/173 Deputy General Manager (Communications)

The Reserve Bank of India has today, in exercise of its powers under Section 35A of the Banking Regulation Act, 1949, directed Kotak Mahindra Bank Limited (hereinafter referred to as ‘the bank’) to cease and desist, with immediate effect, from (i) onboarding of new customers through its online and mobile banking channels and (ii) issuing fresh credit cards.  The bank shall, however, continue to provide services to its existing customers, including its credit card customers

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹7000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 109 117 138 (ii) Amount ₹ 26921.600 Crore ₹ 24017.100 Crore ₹ 23187.100 Crore III. Cut-off price / Yield 98.3040 96.6110 93.4140 (YTM:6.9200%) (YTM:7.0350%) (YTM:7.0697%) IV. Competitive Bids Accepted

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹7,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3040 (YTM: 6.9200%) 96.6110 (YTM: 7.0350%) 93.4140 (YTM: 7.0697%) IV. Total Face Value Accepted ₹12,000 Crore ₹7,000 Crore ₹8,000 Crore