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The Reserve Bank of India (RBI) has, by an order dated June 11, 2024 imposed a monetary penalty of ₹1,45,50,000 (Rupees One Crore Forty Five Lakh Fifty Thousand only) on Central Bank of India (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’ and ‘Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and section 51(1) of the Banking Regulation Act, 1949.
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Jun. 9 May 31 Jun. 7 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 18267 10723 28204 17480 9936 * Data are provisional; difference, if any, is due to rounding off.
Auction Results New GS 2031 7.23% GS 2039 7.34% GS 2064 I. Notified Amount ₹11,000 crore ₹12,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹11,000 crore ₹12,000 crore ₹11,000 crore III. Competitive Bids Received (i) Number 181 181 240 (ii) Amount ₹ 35814.500 Crore ₹ 22816.500 Crore ₹ 30102.569 Crore
New GS 2031 7.23% GS 2039 7.34% GS 2064 I. Notified Amount ₹11,000 crore ₹12,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 7.02% 101.77/ 7.0343% 102.92/ 7.1175% III. Amount accepted in the auction ₹11,000 crore ₹12,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL
Tenor 14-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 1,35,514 Amount allotted (in ₹ crore) 75,001 Cut off Rate (%) 6.59 Weighted Average Rate (%) 6.62 Partial Allotment Percentage of bids received at cut off rate (%) 12.99
In the underwriting auctions conducted on June 14, 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: (₹ crore) Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate (paise per ₹100) New GS 2031 11,000 5502 5498 11,000 0.08 7.23% GS 2039 12,000 6006 5994 12,000 0.09 7.34% GS 2064 11,000 5502 5498 11,000 0.12 Auction for the sale of securities will be held on June 14, 2024.
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 550,225.40 6.42 1.00-7.55 I. Call Money 11,242.86 6.48 5.40-6.58 II. Triparty Repo 374,826.25 6.42 6.25-6.75 III. Market Repo 163,301.29 6.41 1.00-6.75 IV. Repo in Corporate Bond 855.00 6.67 6.60-7.55
The Reserve Bank of India (RBI) has, by an order dated May 28, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Gujarat Ambuja 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'. 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.
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹9,500 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenure (Year) Type of Auction 1 Gujarat 2000 - 03 Yield 2 Haryana 1500 - 10 Yield 3 Jammu and Kashmir 500 - 27 Yield 4 Punjab 1500 - 09 Yield 5 Rajasthan 2000 - 09 Yield 6 Telangana 1000 - 12 Yield 1000 - 14 Yield
The Reserve Bank of India (RBI) has, by an order dated June 07, 2024, imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh only) on Nandani Sahakari Bank Ltd., Kolhapur (the bank) for non-compliance with directions issued by RBI on ‘Gold Loan – Bullet Repayment – UCBs’ and ‘Management of Advances – UCBs‘. This penalty has been imposed in exercise of powers vested in RBI, conferred under 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 Variable Rate Repo (VRR) auction on June 14, 2024, Friday, as under : Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 14 10:30 AM to 11:00 AM June 28, 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 June 11, 2024, imposed a monetary penalty of ₹75,000/- (Rupees Seventy Five Thousand only) on Ramanagaram Urban Co-operative Bank Limited, Karnataka (the bank) for non-compliance with certain provisions of RBI directions on ‘Exposure Norms & Statutory/Other Restrictions-UCBs’. 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.
The Reserve Bank of India (RBI) has, by an order dated June 11, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Kancheepuram Central Co-operative Bank Ltd., Kancheepuram, Tamil Nadu (the bank) for non-compliance with the directions issued by the National Bank for Agriculture and Rural Development (NABARD) on ‘Frauds - Guidelines for Classification, Reporting and Monitoring’. 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.
Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on June 14, 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
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 April 2024.
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 2-Jun-23 17-MAY-2024 * 31-MAY-2024 * 2-Jun-23 17-MAY-2024 * 31-MAY-2024 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 249775.87 289665.6 283876.16 252304.65 293548.32 287722.30 ** b) Borrowings from banks 34758.63 162652.29 162542.44 34820.26 162655.65 162582.13 c) Other demand & time liabilities 60062.35 74638.61 76467.45 60726.23 74865.41 76890.82 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 18703434.6 20814780.09 (20715332.31) 21087595.54 (20992416.71) 19143125.25 21273554.73 (21174106.95) 21545011.17 (21449832.34)
Today, the Reserve Bank released data on the performance of the private corporate sector during the fourth quarter of 2023-24 drawn from abridged quarterly financial results of 2,823 listed non-government non-financial companies. These also include comparable data for Q4:2022-23 and Q3:2023-24 to enable study of sequential (q-o-q) and annual (y-o-y) changes (web-link https://cimsdbie.rbi.org.in ).
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 550,003.96 6.43 3.00-6.70 I. Call Money 11,680.88 6.52 5.40-6.60 II. Triparty Repo 376,105.60 6.43 6.25-6.65 III. Market Repo 161,339.48 6.43 3.00-6.62 IV. Repo in Corporate Bond 878.00 6.65 6.65-6.70
The Reserve Bank of India, vide directive CO.DOS.SED.No.S1918/12-22-283/2023-2024 dated June 13, 2023, had placed Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi under Directions for a period of six months from the close of business on June 14, 2023. The validity of the directions was extended from time-to-time, the last being up to June 14, 2024.
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No.S1932/12-23-065/2024-2025 dated June 12, 2024, has issued certain Directions to The Karwar Urban Co-operative Bank Ltd., Karwar, (the bank) whereby, as from the close of business on June 12, 2024, 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 said RBI Direction dated June 12, 2024. Considering the bank's present liquidity position, the bank has been directed not to allow withdrawal of any amount from savings bank, current accounts or any other account of a depositor, but set off of loans against deposits is allowed, subject to the conditions stated in the above RBI Directions. The bank may incur expenditure in respect of certain essential items such as salaries of employees, rent, electricity bills, etc. as specified in the said Directions.
ପେଜ୍ ଅନ୍ତିମ ଅପଡେଟ୍ ହୋଇଛି: ଅଗଷ୍ଟ 22, 2024