[Under Section 45ZL of the Reserve Bank of India Act, 1934] The twenty third meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from May 20 to 22, 2020; the meeting was originally scheduled from June 3 to 5, 2020, but was advanced to May 20-22 in view of the ongoing COVID-19 pandemic. 2. The meeting was attended by all the members – Dr. Chetan Ghate, Professor, Indian Statistical Institute; D

Rupee Co-operative Bank Ltd, Pune, Maharashtra, was placed under directions vide directive UBD.CO.BSD-I/D-28/12.22.218/2012-13 dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DOR.AID/D-57/12.22.218/2019-20 dated February 26, 2020 and was valid up to May 31, 2020, subject to review. 2. It is hereby notified for the information of the p

The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018) had placed the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist: Kolhapur, Maharashtra, under Directions from the close of business on May 19, 2018. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (May 22, 2020) decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 40 bps to 4.0 per cent from 4.40 per cent with immediate effect; accordingly, the marginal standing facility (MSF) rate and the Bank Rate stand reduced to 4.25 per cent from 4.65 per cent; and the reverse repo rate under the LAF

This Statement sets out various developmental and regulatory policy measures to improve the functioning of markets and market participants; measures to support exports and imports; efforts to further ease financial stress caused by COVID-19 disruptions by providing relief on debt servicing and improving access to working capital; and steps to ease financial constraints faced by state governments. I. Measures to Improve the Functioning of Markets These measures are int

After reviewing the cash position and requirements of the Central Government, Government of India in consultation with the Reserve Bank of India, has decided to modify the indicative calendar for issuance of Government dated securities for the remaining part of the first half of the fiscal 2020-21 (May 11 - Sept 30, 2020). The revised issuance calendar is as under: Calendar for Issuance of Government of India Dated Securities (May 11, 2020 to September 30, 2020) S. No

The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019) had placed the Shivajirao Bhosale Sahakari Bank Ltd., Pune, under Directions from the close of business on May 04, 2019. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the said Act, hereby direct

Reserve Bank had vide Press Release 2019-2020/2147 dated March 30, 2020 extended the window timings of Fixed Rate Reverse Repo and MSF operations. In view of the continuing disruptions caused by COVID-19, it has been decided to continue with the revised timings till further notice. (Yogesh Dayal) Chief General Manager Press Release: 2019-2020/2295

There is a likelihood of extension of lockdown in major cities like Mumbai or easing of the restrictions in a limited manner. In view of persisting operational dislocations and elevated levels of health risks warranting continuing restrictions on movement, work from home arrangements and business continuity plans, it has been decided that the amended trading hours i.e., from 10.00 am to 2.00 pm for RBI-regulated markets that were effective till the close of business o

The Needs of Life Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under Directions from close of business on October 29, 2018 for a period of six months subject to review, vide Directive No. DCBS.CO.BSD-I/D-3/12.22.163/2018-19 dated October 26, 2018. The validity of the directions was extended last time vide Directive No. DCBR.CO.AID/No.D-31/12.22.160/2019-20 dated October 16, 2019 upto April 29, 2020, subject to review. 2. It is hereby notified for the information