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