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On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (April 5, 2024) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
Earlier this week on April 1, we commemorated the 90th year of the Reserve Bank of India. The journey of this august institution is closely related to the evolution of the Indian economy. Numerous historic events have occurred during these nine decades: nationalisation of the Reserve Bank (1949), the planning era, bank nationalisation, wars, droughts, the fall of the Bretton Woods system, oil shocks, a precarious balance of payments situation and the subsequent market reforms, the Asian and the Global Financial crises, the taper tantrum and finally the COVID-19 pandemic and the geo-political hostilities of the recent years. During this journey, the Reserve Bank was always at the forefront, combining its developmental and regulatory roles, in steering the Indian financial system and the economy towards stability. While doing so, it has discharged its responsibilities with integrity and professionalism.
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 535,900.83 6.47 5.10-7.55 I. Call Money 10,983.68 6.44 5.10-6.55 II. Triparty Repo 334,596.75 6.45 6.26-6.55 III. Market Repo 189,442.40 6.51 6.00-6.65 IV. Repo in Corporate Bond 878.00 6.72 6.60-7.55 B. Term Segment I. Notice Money** 191.75 6.38 5.90-6.55 II. Term Money@@ 1,144.75 - 6.50-6.90 III. Triparty Repo 2,233.00 6.46 6.41-6.50
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on April 05, 2024, Friday, as under:
The Reserve Bank of India (RBI) has, by an order dated February 28, 2024, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-Five thousand only) on The Tirupattur Urban Co-operative Bank Ltd., Tirupattur, Tamil Nadu (the bank) for non-compliance with certain provisions of RBI directions on ‘Exposure Norms and 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 February 28, 2024, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-Five thousand only) on Tirumangalam Co-operative Urban Bank Ltd., Tirumangalam, Tamil Nadu (the bank) for non-compliance with RBI directions on ‘Board of Directors - UCBs’ read with ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’.
The Reserve Bank of India (RBI) has, by an order dated March 28, 2024, imposed a monetary penalty of ₹61,60,000/- (Rupees Sixty-One Lakh and Sixty Thousand only) on Bassein Catholic Co-operative Bank Ltd. (the bank) for non-compliance with RBI directions on ‘Frauds in UCBs: Changes in Monitoring and Reporting mechanism’, ‘Know Your Customer (KYC)’, ‘Maintenance of Deposit Accounts’ and ‘Management of Advances’.
The Reserve Bank of India (RBI) has, by an order dated March 27, 2024, imposed a monetary penalty of ₹28.30 lakh (Rupees Twenty-Eight Lakh Thirty Thousand only) on Nagpur Nagarik Sahakari Bank Ltd., Nagpur (the bank), for non-compliance with RBI directions on ‘Interest Rate on Deposits’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers vested in RBI conferred under provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2021 and March 31, 2022. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹ 6,500 Crore (Face Value). Sr. No. State Amount to be raised (₹Crore) Additional Borrowing (Greenshoe) Option (₹Crore) Tenure (Year) Type of Auction 1 Assam 1000 - 10 Yield 2 Maharashtra 2000 - 17 Yield 2000 - 18 Yield
The Reserve Bank of India (RBI) has, by an order dated March 27, 2024, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Himachal Pradesh State Co-operative Bank Limited, Shimla (the bank) for contravention of the provisions of section 26 A (2) read with section 56 of the Banking Regulation Act, 1949 (BR Act). 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 BR Act. The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2022. Based on supervisory findings of non-compliance with statutory provisions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said provisions of the BR Act.
In the recent period, some concerns have been expressed about participation in the exchange traded currency derivatives (ETCD) market in the light of the Reserve Bank of India’s (RBI) A.P. (DIR Series) Circular No. 13 dated January 05, 2024.
Tenor 1-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 37,855 Amount accepted (in ₹ crore) 37,855 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA
Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on April 05, 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.
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 550,456.15 6.44 0.05-7.55 I. Call Money 12,684.11 6.44 5.10-6.55 II. Triparty Repo 351,881.35 6.42 6.20-6.54 III. Market Repo 185,037.69 6.46 0.05-6.65 IV. Repo in Corporate Bond 853.00 6.71 6.65-7.55
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on April 4, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 1 12:00 Noon to 12:30 PM April 05, 2024 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.
The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year April 04, 2024 to October 03, 2024 shall be 7.72 per cent per annum.
The Reserve Bank has today released data on Reserve Money for the week ended March 29, 2024 and Money Supply for the fortnight ended March 22, 2024.
Tenor 2-day Notified Amount (in ₹ crore) 1,25,000 Total amount of offers received (in ₹ crore) 22,365 Amount accepted (in ₹ crore) 22,365 Cut off Rate (%)
Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹7000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 68 116 94 (ii) Amount ₹ 25781.454 Crore ₹ 22617 Crore ₹ 17625.220 Crore III. Cut-off price / Yield 98.3144 96.6186 93.4358
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 98.3144 (YTM: 6.8768%) 96.6186 (YTM: 7.0187%) 93.4358 (YTM: 7.0447%)
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on April 03, 2024, Wednesday, as under:
Tenor 2-day Notified Amount (in ₹ crore) 1,25,000 Total amount of offers received (in ₹ crore) 2,015 Amount accepted (in ₹ crore) 2,015 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on April 03, 2024, Wednesday, 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) 5,87,716.556.415.00-7.55 I. Call Money 12,881.566.445.00-6.60 II. Triparty Repo 3,81,453.906.415.00-6.70 III. Market Repo 1,92,643.096.
Today, the Reserve Bank released the data relating to financial performance of non-government non-financial (NGNF) private limited companies during 2022-23 (https://cimsdbie.rbi.org.in/DBIE/#/dbie/reports/Statistics/Corporate%20Sector/Non-Government%20Non-Financial%20Private%20Limited%20Companies) based on audited annual accounts of 10,639 companies, which reported in the Indian Accounting Standards (Ind-AS) format for three accounting years from 2020-21 to 2022-23, received from the Ministry of Corporate Affairs, Government of India, which is the primary source of these data.
Today, the Reserve Bank released the data relating to financial performance of non-government non-financial (NGNF) public limited companies during 2022-23 (https://cimsdbie.rbi.org.in/DBIE/#/dbie/reports/Statistics/Corporate%20Sector/Non-Government%20Non-Financial%20Public%20Limited%20Companies) based on audited annual accounts of 7,238 companies, which reported in the Indian Accounting Standards (Ind-AS) format for three accounting years from 2020-21 to 2022-23, received from the Ministry of Corporate Affairs, Government of India, which is the primary source of these data.
Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 21,325 Amount accepted (in ₹ crore) 21,325 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA
The result of the auction of State Government Securities held on April 02, 2024 is as under: (Amount in ₹Crore) ANDHRA PRADESH 2030 ANDHRA PRADESH 2041 ANDHRA PRADESH 2042 ANDHRA PRADESH 2043 Notified Amount 500 1000 500 1000 Tenure 6 17 18 19 Competitive Bids Received (i) No. 27 47 37 39 (ii) Amount 2225 3035 2730 3170
Sr. No. State Amount to be raised (₹Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 500 500 7.39 06 1000 1000 7.46 17 500 500 7.46 18 1000 1000 7.46 19 1000 1000 7.46 20
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Second Variable Rate Reverse Repo (VRRR) auction on April 02, 2024, Tuesday, as under:
Tenor 3-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 32,105 Amount accepted (in ₹ crore) 32,105 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2024-2025/12
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on April 02, 2024, Tuesday, 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. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - -
The Reserve Bank of India (RBI), set up under the RBI Act, 1934, commenced its operations on April 1, 1935. Today marks the 90th year from its establishment. To mark this momentous occasion, a commemorative event was organised by the Reserve Bank of India in Mumbai with the Hon’ble Prime Minister of India Shri Narendra Modi as the Chief Guest and with the participation of Hon’ble Governor of Maharashtra, Shri C. Ramesh Bais, Hon’ble Finance Minister, Smt. Nirmala Sitharaman, Hon’ble Chief Minister of Maharashtra, Shri Eknath Shinde, Hon’ble Ministers of State for Finance, Shri Pankaj Chaudhary and Dr. Bhagwat Kishanrao Karad, Hon’ble Deputy Chief Ministers of Maharashtra, Shri Devendra Fadnavis and Shri Ajit Pawar.
Government of India (GOI) has announced the sale (issue/re-issue) of three dated securities for a notified amount of ₹38,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (Rs. crore) GoI specific Notification Auction Date Settlement Date 1 7.33% GS 2026 Oct 30, 2026 6,000 F.No.4(3)-B(W&M)/2024 dated April 01, 2024 April 05, 2024 (Friday) April 08, 2024 (Monday) 2 New GS 2034 Apr 08, 2034 20,000 3 7.25% GS 2063 June 12, 2063 12,000 Total 38,000
The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on March 01, 2024. The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on March 01, 2024. The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on March 01, 2024.
The value of exports and imports of services during February 2024 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) October – 2023 28,048 (10.9) 13,460 (-0.4) November – 2023 28,108 (4.4) 13,679 (-11.1)
On a review of the prevailing and evolving market conditions, Reserve Bank of India, in consultation with the Government of India, has decided that all securities under the market borrowing programme of Government of India shall, henceforth, be auctioned using multiple price auction method.
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 78,173.67 6.68 5.00-7.10 I. Call Money 385.30 6.15 5.80-6.25 II. Triparty Repo 76,411.45 6.69 5.00-6.80 III. Market Repo 1,376.92 6.72 6.50-7.10 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. 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) 2,212.65 6.73 5.75-7.65 I. Call Money 1,464.65 5.75-6.75 II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 748.00 7.61 7.50-7.65 B. Term Segment I. Notice Money** 7,341.84 7.63 5.00-9.00 II. Term Money@@ 521.30 - 7.00-7.90 III. Triparty Repo 254,426.70 6.98 5.00-7.60 IV. Market Repo 167,895.10 7.11 5.25-7.75
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20232024Variation Mar. 24Mar. 15Mar. 22WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments76251992913251-66785626 * Data are provisional; difference, if any, is due to rounding off.2. Foreign Exchange Reserves*
Advance Release Calendar of International Reserves and Foreign Currency Liquidity Data Template (2024-25)
Reference PeriodRelease Date
Apr 30, 2024May 31, 2024
May 31, 2024Jun 30, 2024
Jun 30, 2024Jul 31, 2024
Jul 31, 2024Aug 30, 2024
Aug 31, 2024Sep 30, 2024
Sep 30, 2024Oct 31, 2024
Oct 31, 2024Nov 29, 2024
Nov 30, 2024Dec 31, 2024
Dec 31, 2024Jan 31, 2025
Jan 31, 2025Feb 28, 2025
Feb 28, 2025Mar 31, 2025
Mar 31, 2025Apr 30, 2025
Advance Release Calendar of Balance of Payment (2024-25)
Reference PeriodRelease DatePublication
Not Later Than
April-June, 2024September 29, 2024Reserve Bank of India website
July-September, 2024December 29, 2024Reserve Bank of India website
October-December, 2024March 28, 2025Reserve Bank of India website
January-March, 2025June 28, 2025Reserve Bank of India website
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹16,100 Crore (Face Value).
The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter April – June 2024, is expected to be ₹2,54,040 Crore. The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts indicated by them is as under:
Today, the Reserve Bank released data relating to India’s International Investment Position for end-December 2023[1]. [1] India’s quarterly IIP is disseminated with a lag of one quarter and the previous quarterly IIP for end-September 2023 was released in the RBI website on December 29, 2023.
The facility of exchange / deposit of ₹2000 banknotes will not be available on Monday, April 01, 2024 at the 19 Issue Offices1 of the Reserve Bank of India due to operations associated with the Annual Closing of Accounts. The facility will resume on Tuesday, April 02, 2024.
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 12,000 April 03, 2024 (Wednesday) April 04, 2024 (Thursday) 2 182 Days 7,000 3 364 Days 8,000 Total 27,000
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of March 2024 are set out in Tables 1 to 7.
Data on sectoral deployment of bank credit for the month of February 2024[1] collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the totalnon-food credit deployed by all scheduled commercial banks, are set out in Statements I and II.
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 496,185.17 6.65 5.00-7.00 I. Call Money 14,998.99 6.64 5.00-6.90 II. Triparty Repo 316,548.50 6.66 6.56-6.85 III. Market Repo 164,189.68 6.64 5.25-7.00 IV. Repo in Corporate Bond 448.00 6.80 6.75-6.95
The Reserve Bank of India (RBI) has, by an order dated February 28, 2024, imposed a monetary penalty of ₹75,000/- (Rupees Seventy Five thousand only) on The Rajapalayam Co-operative Urban Bank Ltd., Rajapalayam, Tamil Nadu (the bank) for non-compliance with RBI directions on ‘Board of Directors - UCBs’ read with ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’ and ‘Exposure Norms and 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 section 46(4)(i) and section 56 of the Banking Regulation Act, 1949.
It has been decided, in consultation with the Government of India, that the limit for Ways and Means Advances (WMA) for the first half of the financial year 2024-25 (April to September 2024) will be ₹1,50,000 crore.
The Reserve Bank of India, in consultation with the Government of India, hereby, notifies the calendar for issuance of Treasury Bills for the quarter ending June 2024 as under: Notified Amount for Auction of Treasury Bills
(April 01, 2024 to June 30, 2024) (₹ Crore) Date of Auction Date of Issue
In order to enable institutional and retail investors to plan their investments efficiently and to provide transparency and stability to the Government Securities Market, the Reserve Bank of India, in consultation with the Government of India, hereby, notifies the indicative calendar for issuance of Government dated securities, including Sovereign Green Bonds (SGrB), for the first half of the fiscal year 2024-25 (April 01, 2024 to September 30, 2024).
The Reserve Bank of India (RBI) has, by an order dated March 19, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Howrah District Central Co-operative Bank Ltd., Howrah (the bank) for non-compliance with the directions issued by RBI on ‘Know Your Customer (KYC) Directions, 2016’. 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. The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.
The Reserve Bank of India (RBl) has imposed, by an order dated March 19, 2024, a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Standard Urban Co-operative Bank Ltd., Aurangabad (the bank), for contravention of provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act). 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 BR Act.
The Reserve Bank of India (RBI) has, by an order dated March 07, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Excellent Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for contravention of the provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act). 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 BR Act.
As per Section 45ZI of Reserve Bank of India Act, 1934, it has been decided that the Monetary Policy Committee will meet during the 2024-25 on the dates indicated below: Dates of meetings of Monetary Policy Committee for 2024-25
The Reserve Bank has today released data on Reserve Money for the week ended March 22, 2024. Ajit Prasad Director (Communications) Press Release: 2023-2024/2129
The Reserve Bank of India (RBI) has by an order dated March 05, 2024 imposed, a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on The Mandi Urban Co-operative Bank Ltd., Mandi, Himachal Pradesh (the bank) for non-compliance with certain provisions of RBI directions on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (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.
Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹10000 Crore ₹15000 Crore ₹9000 Crore II. Competitive Bids Received (i) Number 46 131 122 (ii) Amount ₹ 14001.070 Crore ₹ 34324.420 Crore ₹ 37189.255 Crore III. Cut-off price / Yield
98.2823 96.5600 93.4062 (YTM:7.0101%) (YTM:7.1447%) (YTM:7.0787%) IV. Competitive Bids Accepted (i) Number 37
I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹10,000 Crore ₹15,000 Crore ₹9,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.2823 (YTM: 7.0101%) 96.5600 (YTM: 7.1447%) 93.4062 (YTM: 7.0787%) IV. Total Face Value Accepted ₹10,000 Crore ₹15,000 Crore ₹9,000 Crore Ajit Prasad Director (Communications) Press Release: 2023-2024/2126
Tenor 6-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 1,31,815 Amount allotted (in ₹ crore) 75,002 Cut off Rate (%) 6.60 Weighted Average Rate (%) 6.66 Partial Allotment Percentage of bids received at cut off rate (%) 79.87
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV) 5,28,763.77 6.66 5.00-7.00 I. Call Money 11,561.35 6.65 5.00-6.85 II. Triparty Repo 3,55,819.05 6.63 6.00-6.76 III. Market Repo 1,60,620.37 6.74 5.00-6.90 IV. Repo in Corporate Bond 763.00 6.95 6.95-7.00 B. Term Segment I. Notice Money** 547.35 7.15 5.90-7.75
The Reserve Bank of India (RBI) has, by an order dated February 28, 2024, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-Five thousand only) on The Dindigul Urban Co-operative Bank Ltd., Dindigul, Tamil Nadu (the bank) for non-compliance with certain provisions of RBI directions on ‘Exposure Norms and 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 February 28, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Chikkamagaluru District Cooperative Central Bank Ltd., Chikkamagaluru, Karnataka (the bank) for non-compliance with the directions issued by 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.
The result of the auction of State Government Securities held on March 26, 2024 is as under: (Amount in ₹Crore) ASSAM 2031 CHHATTISGARH 2032 CHHATTISGARH 2033 CHHATTISGARH 2034 Notified Amount 500 1000 1000 1000 Tenure 7 8 9 10
The Reserve Bank of India (RBI) has, by an order dated March 12, 2024, imposed a monetary penalty of ₹59.90 lakh (Rupees Fifty-nine lakh and Ninety thousand only) on The Janalaxmi Co-operative Bank Limited, Nashik (the bank) for non-compliance with certain directions issued by RBI on ‘Constitution of Board of Management (BoM) in Primary (Urban) Co-operative Banks (UCBs)’, ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and specific order issued by RBI under ‘Supervisory Action Framework for Primary (Urban) Co-operative Banks (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 March 13, 2024, imposed a monetary penalty of ₹28.30 lakh (Rupees Twenty-Eight lakh and Thirty Thousand only) on Solapur Janata Sahakari Bank Limited, Solapur (the bank), for non-compliance with certain provisions of RBI directions on ‘Constitution of Board of Management in Primary (Urban) Co-operative Banks’ and prohibitory order/direction issued under Supervisory Action Framework (SAF). 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.
Preliminary data on India’s balance of payments (BoP) for the third quarter (Q3), i.e., October-December 2023-24, are presented in Statements I and II. Key Features of India’s BoP in Q3:2023-24 India’s current account balance recorded a deficit of US$ 10.5 billion (1.2 per cent of GDP) in Q3:2023-24, lower than US$ 11.4 billion (1.3 per cent of GDP) in Q2:2023-24 and US$ 16.8 billion (2.0 per cent of GDP) a year ago [i.e., Q3:2022-23].
On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a Variable Rate Repo auction on March 27, 2024, Wednesday, as under:
Today, the Reserve Bank of India released balance of payments (BoP) data for October-December 2023 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-December 2023 are detailed below in Table 1
The Reserve Bank of India (RBI) has imposed, by an order dated February 23, 2024, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Mathura Jilla Sahkari Bank Ltd, Uttar Pradesh (the bank) for non-compliance with provisions of Section 9 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). 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 BR Act.
Sr. No. State/UT Amount to be raised (₹Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Assam 500 500 7.46 07 2 Chhattisgarh 1000 1000 7.47 08 1000 1000 7.47 09 1000 1000 7.47 10
Tenor 1-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 1,52,795 Amount allotted (in ₹ crore) 1,00,003 Cut off Rate (%) 6.69 Weighted Average Rate (%) 6.73 Partial Allotment Percentage of bids received at cut off rate (%) 50.24
(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. 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. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - -
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on March 26, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 1 12:00 Noon to 12:30 PM March 27, 2024 (Wednesday) 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.
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV) 4,97,806.136.775.00-7.10 I. Call Money 11,652.756.705.00-6.85 II. Triparty Repo 3,19,092.656.766.65-6.80 III. Market Repo 1,66,297.736.805.60-6.90 IV. Repo in Corporate Bond 763.00
In terms of GOI notifications F.No.4(19) - W&M/2014 dated March 04, 2016 (SGB 2016, Series II - Issue date March 29, 2016)on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of the issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be March 28, 2024 (March 29, 2024 being a holiday).
In terms of GOI Notification F.No.4(7) - W&M/2016 dated August 29, 2016 (SGB 2016-17 Series II-Issue date September 30, 2016) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be March 30, 2024.
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2322/12-07-005/2022-23 dated July 07, 2022, had placed Sangli Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 08, 2022, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to April 08, 2024.
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 10,000 March 27, 2024 (Wednesday) March 28, 2024 (Thursday) 2 182 Days 15,000 3 364 Days 9,000 Total 34,000
Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract 1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Mar. 17 Mar. 8 Mar. 15 Week Year
The 607th meeting of the Central Board of Directors of the Reserve Bank of India was held today in Nagpur under the Chairmanship of Shri Shaktikanta Das, Governor. The Board reviewed the global and domestic economic situation and outlook, including the challenges posed by geopolitical developments and global financial market volatility. Further, the Board also discussed the Reserve Bank’s activities including the progress made in digital payments, consumer education and awareness during the current accounting year 2023-24. The Board also approved the Bank’s budget for the accounting year 2024-25.
With a view to providing greater convenience to tax payers, it has been decided that RBI offices dealing with Government business and all designated branches of agency banks conducting government banking business will keep their counters open as per normal working hours on March 30, 2024 and March 31, 2024; electronic transactions can be done till the stipulated time on both the days.
Result of the third Variable Rate Repo (VRR) auction held on March 22, 2024
On a review of current and evolving liquidity conditions, it has been decided to conduct a third Variable Rate Repo (VRR) auction on March 22, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 4 2:15 PM to 2:45 PM March 26, 2024 (Tuesday) 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.
Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,32,080 Amount allotted (in ₹ crore) 50,005 Cut off Rate (%) 6.74 Weighted Average Rate (%) 6.74 Partial Allotment Percentage of bids received at cut off rate (%) 55.89 Ajit Prasad Director (Communications) Press Release: 2023-2024/2098
On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on March 22, 2024, Friday, as under:
Tenor 14-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 1,05,925 Amount allotted (in ₹ crore) 25,004 Cut off Rate (%) 6.72 Weighted Average Rate (%) 6.73 Partial Allotment Percentage of bids received at cut off rate (%) 30.37 Ajit Prasad Director (Communications) Press Release: 2023-2024/2096
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 509,212.84 6.73 5.00-7.10 I. Call Money 10,681.34 6.63 5.00-6.85
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹60,032.49 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹Crore) Additional Borrowing (Greenshoe) Option
ਪੇਜ ਅੰਤਿਮ ਅੱਪਡੇਟ ਦੀ ਤਾਰੀਖ: ਅਗਸਤ 21, 2024