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نومبر 06, 2023
Money Market Operations as on November 04, 2023

(Amount in ₹ crore, Rate in Per cent)MONEY MARKETS@ Volume(One Leg) WeightedAverage Rate RangeA. Overnight Segment (I+II+III+IV)    6,417.64 6.44 5.50-6.70 I. Call Money 583.20 6.11 5.50-6.25

نومبر 06, 2023
Money Market Operations as on November 03, 2023

(Amount in ₹ crore, Rate in Per cent)MONEY MARKETS@ Volume(One Leg) WeightedAverage Rate RangeA. Overnight Segment (I+II+III+IV)    4,084.32 6.53 5.50-7.80 I. Call Money 843.30 6.28 5.50-6.85

نومبر 03, 2023
Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on November 10, 2023 (November 11 and 12, 2023 being non-working Saturday and Sunday respectively) (SGB 2017-18 Series I)

In terms of GOI Notification F.No.4(8) - W&M/2017 dated April 20, 2017 (SGB 2017-18 Series I - Issue date May 12, 2017) 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 November 10, 2023 (November 11 and 12 being non-working Saturday and Sunday respectively).

نومبر 03, 2023
Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on November 04 and 06, 2023 (SGB 2018-19 Series I and SGB 2017-18 Series VI)

In terms of GOI Notification F.No.4(8) - W&M/2018 dated April 13, 2018 (SGB 2018-19 Series I - Issue date May 04, 2018) and F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VI - Issue date November 06, 2017) 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 tranches shall be November 04 and November 06, 2023 respectively.

نومبر 03, 2023
91 days, 182 days and 364 days Treasury Bills auction

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 Date1 91 Days 7,000 November 08, 2023(Wednesday)    November 09, 2023

نومبر 03, 2023
Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract

1. Reserve Bank of India - Liabilities and Assets*(₹ Crore)Item    2022 2023 VariationOct. 28 Oct. 20    Oct. 27    Week Year1 2 3 4 54 Loans and Advances 4.1 Central Government 0 0 0 0 0

نومبر 03, 2023
Government Stock - Auction Results: Cut-off

New GS 20267.18% GS 20377.25% GS 2063 I.Notified Amount₹8,000 crore₹10,000 crore₹12,000 crore II.Cut off Price / Implicit Yield at cut-off7.33%97.62/7.4580%96.38/7.5373%

نومبر 03, 2023
RBI imposes monetary penalty on Mercedes-Benz Financial Services India Private Limited (formerly known as Daimler Financial Services India Private Limited), Pune, Maharashtra

The Reserve Bank of India (RBI) has, by an order dated October 30, 2023, imposed a monetary penalty of ₹10 lakh (Rupees Ten lakh only) on Mercedes-Benz Financial Services India Private Limited (formerly known as Daimler Financial Services India Private Limited) (the company) for non-compliance with certain provisions of the Reserve Bank of India (Know Your Customer (KYC)) Direction, 2016. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause (b) of sub-section (1) of Section 58G read with clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934.

نومبر 03, 2023
RBI imposes monetary penalty on Kosamattam Finance Limited

The Reserve Bank of India (RBI) has, by an order dated October 25, 2023, imposed a monetary penalty of ₹13.38 lakh (Rupees Thirteen lakh and thirty eight thousand only) on Kosamattam Finance Limited, Kottayam (the company) for non-compliance with certain provisions of the “Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016”. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005 (CIC (R) Act) and Section 58G (1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934 (RBI Act).

نومبر 03, 2023
RBI imposes monetary penalty on Federal Bank Ltd

The Reserve Bank of India (RBI) has, by an order dated October 30, 2023, imposed a monetary penalty of ₹30 lakh (Rupees Thirty lakh only) on Federal Bank Ltd. (the bank) for non-compliance with certain directions contained in ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949.

نومبر 03, 2023
RBI imposes monetary penalty on Punjab National Bank

The Reserve Bank of India (RBI) has, by an order dated October 30, 2023, imposed a monetary penalty of ₹72 lakh (Rupees Seventy Two lakh only) on Punjab National Bank (the bank) for non-compliance with certain provisions of ‘Reserve Bank of India (Interest Rate on Deposits) Directions, 2016’, ‘Reserve Bank of India (Interest Rate on Advances) Directions, 2016’ and ‘Master Circular on Customer Service in Banks’. 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 51(1) of the Banking Regulation Act, 1949.

نومبر 03, 2023
Results of Underwriting Auctions Conducted on November 03, 2023

In the underwriting auctions conducted on November 03, 2023 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:

نومبر 03, 2023
Money Market Operations as on November 02, 2023

(Amount in ₹ crore, Rate in Per cent)MONEY MARKETS@ Volume(One Leg) WeightedAverage Rate RangeA. Overnight Segment (I+II+III+IV)    489,926.16 6.72    5.00-7.80 I. Call Money    11,504.01 6.71 5.00-6.85

نومبر 03, 2023
Government Stock - Full Auction Results

Auction Results    7.37% GS 2028    7.18% GS 2033    New GS 2073I. Notified Amount ₹7000 Crore ₹13000 Crore ₹10000 CroreII. Underwriting Notified Amount ₹7000 Crore ₹13000 Crore ₹10000 CroreIII. Competitive Bids Received

نومبر 03, 2023
Result of the 14-day Variable Rate Reverse Repo auction held on November 03, 2023

Tenor 14-dayNotified Amount (in ₹ crore) 50,000Total amount of offers received (in ₹ crore) 20,482Amount accepted (in ₹ crore) 20,482

نومبر 03, 2023
Auction of State Government Securities

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹25,750 Crore (Face Value).

Sr. No.State / UTAmount to be raised
(₹ Cr)Additional Borrowing (Greenshoe) Option
(₹ Cr)Tenure
(Year)Type of Auction

1Assam1000-10Yield

2Bihar2000-15Yield

3Goa100-10Yield

4Haryana1000-12Yield

5Jammu and Kashmir900-27Yield

6Karnataka3000-

نومبر 02, 2023
RBI to conduct 14-day Variable Rate Reverse Repo auction under LAF on November 03, 2023

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on November 03, 2023, Friday, as under:

نومبر 02, 2023
Scheduled Banks’ Statement of Position in India as on Friday, October 20, 2023

(Amount in ₹ crore)SCHEDULED COMMERCIAL BANKS(Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS21-Oct-22 06-OCT-2023* 20-OCT-2023* 21-Oct-22 06-OCT-2023*    20-OCT-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 186189.57 237269.35 239035.24 189070.38 239604.43 244239.27 **

نومبر 02, 2023
Underwriting Auction for sale of Government Securities for ₹30,000 crore on November 03, 2023

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on November 03, 2023.

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:

نومبر 02, 2023
Money Market Operations as on November 01, 2023

(Amount in ₹ crore, Rate in Per cent)MONEY MARKETS@ Volume(One Leg) WeightedAverage Rate RangeA. Overnight Segment (I+II+III+IV)    476,194.62 6.76    5.00-7.85 I. Call Money    11,269.08 6.77 5.50-6.90

نومبر 01, 2023
RBI appoints Shri Manoranjan Mishra as new Executive Director

The Reserve Bank of India (RBI) has appointed Shri Manoranjan Mishra as Executive Director (ED) with effect from November 01, 2023.

Prior to being promoted as ED, Shri Mishra was serving as Chief General Manager in the Department of Regulation.

Shri Mishra has experience of over three decades in the Reserve Bank having worked in the areas of regulation of banks and NBFCs, supervision of banks and currency management. He has served as a member in several Working Groups at the national and international levels contributing to formulation of regulatory/ supervisory policies.

نومبر 01, 2023
Financial Action Task Force (FATF) High risk and other monitored jurisdictions – October 27, 2023

The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – October 2023, has called on its members and other jurisdictions to refer to the statement on Democratic People’s Republic of Korea (DPRK) and Iran adopted in February 2020 which remains in effect. Further, Myanmar was added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary and FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are not disrupted. The status of Myanmar in the list of countries subject to a call for action, remains unchanged.

نومبر 01, 2023
Withdrawal of ₹2000 Denomination Banknotes – Status

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 has been periodically published by the RBI.

2. The facility for deposit and / or exchange of the ₹2000 banknotes was available at all bank branches in the country initially upto September 30, 2023, which was later extended upto October 07, 2023.

نومبر 01, 2023
Lending and Deposit Rates of Scheduled Commercial Banks - October 2023

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of October 2023 are set out in Tables 1 to 7.

Highlights:

Lending Rates:

نومبر 01, 2023
Monthly Data on India’s International Trade in Services for the Month of September 2023

The value of exports and imports of services during September 2023 is given in the following table.International Trade in Services(US$ Million)Month    Receipts (Exports) Payments (Imports)July – 2023 26,228(8.1) 13,754(-2.2)August – 2023 28,719(8.4) 15,103(-0.8)

نومبر 01, 2023
RBI releases data on ECB / FCCB / RDB for September 2023

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 September 2023.

Shweta Sharma       
Deputy General Manager

Press Release: 2023-2024/1219

نومبر 01, 2023
RBI launches the November 2023 round of the Inflation Expectations Survey of Households

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The November 2023 round of the survey is being launched. The survey aims at capturing subjective assessments on price movements and inflation, based on their individual consumption baskets, across 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram. The survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three months ahead as well as in the one year ahead period and quantitative responses on current, three months ahead and one year ahead inflation rates. The results of this survey provide useful inputs for monetary policy.

The agency, M/s Hansa Research Group Pvt. Ltd., M

نومبر 01, 2023
RBI launches the November 2023 round of Consumer Confidence Survey

The Reserve Bank of India has been regularly conducting Consumer Confidence Survey (CCS). The November 2023 round of the survey is being launched. The survey seeks qualitative responses from households, regarding their sentiments on general economic situation, employment scenario, price level, households’ income and spending. The survey is conducted regularly in 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram. The results of this survey provide useful inputs for monetary policy.

نومبر 01, 2023
Reserve Money for the week ended October 27, 2023 and Money Supply for the fortnight ended October 20, 2023

The Reserve Bank has today released data on Reserve Money for the week ended October 27, 2023 and Money Supply for the fortnight ended October 20, 2023.

Shweta Sharma     
Deputy General Manager

Press Release: 2023-2024/1218

نومبر 01, 2023
Treasury Bills: Full Auction Result

Auction Results    91 Days    182 Days 364 DaysI. Notified Amount ₹7000 Crore    ₹8000 Crore ₹9000 CroreII.    Competitive Bids Received (i) Number 119 148 125(ii) Amount ₹20685.235 Crore ₹27653 Crore ₹23177.419 Crore

نومبر 01, 2023
91 days, 182 days and 364 days T-Bill Auction Result: Cut off

I. T-Bill 91 days 182 days 364 daysII. Total Face Value Notified ₹7,000 Crore ₹8,000 Crore ₹9,000 CroreIII. Cut-off Price and Implicit Yield at Cut-Off Price 98.3010(YTM: 6.9325%) 96.5633

نومبر 01, 2023
Money Market Operations as on October 31, 2023

(Amount in ₹ crore, Rate in Per cent)MONEY MARKETS@ Volume(One Leg) WeightedAverage Rate RangeA. Overnight Segment (I+II+III+IV)    476,462.40 6.77    5.50-6.90

اکتوبر 31, 2023
RBI issues circular on Regulation of Payment Aggregator – Cross Border (PA - Cross Border)

A draft circular on processing and settlement of small value export and import related payments facilitated by Online Export-Import Facilitators (OEIFs) was issued for comments on April 7, 2022, by the Foreign Exchange Department of RBI under the Foreign Exchange Management Act, 1999. As the activities of OEIFs / Online Payment Gateway Service Providers (OPGSPs) are more aligned with payments, the guidelines have been redrafted taking into consideration the feedback received on the April 07, 2022 draft circular and from the perspective of Payment Systems. It is therefore, proposed to regulate entities facilitating payment and settlement for online cross border export / import transactions as Payment Aggregators – Cross Border (PA-CB) under the Payment and Settlement Systems Act, 2007. The Reserve Bank of India (RBI) has today placed on its website the circular on Regulation of PA-CB.

اکتوبر 31, 2023
State Government Securities - Full Auction Result

The result of the auction of State Government Securities held on October 23, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2036ANDHRA PRADESH 2042JAMMU AND KASHMIR UT 2053KARNATAKA 2033 Notified Amount100010003001000 Tenure13193010 Competitive Bids Received (i) No.7223678 (ii) Amount4720317513005505

Cut-off Yield (%)7.727.667.607.69

Competitive Bids Accepted


 

(i) No.241121

(ii) Amount989.098999.965299.949982.176

Partial Allotment Percentage of Competitive Bids


 

(i) Percentage24.310899.996599.98333.8708

(ii) No.(11 bids)(1 bid)(1 bid)(7 bids)

Non-Competitive Bids Received


 

(i) No.3126

(ii) Amount10.9020.0350.05117.824

Non-Competitive Price (₹)100.14100.00100.00100.09

اکتوبر 31, 2023
Sectoral Deployment of Bank Credit – September 2023

Data on sectoral deployment of bank credit for the month of September 20231 collected from 40 select scheduled commercial banks, accounting for about 93 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II.

On a year-on-year (y-o-y) basis, non-food bank credit2 registered a growth of 15.3 per cent in September 20233 as compared with 16.9 per cent a year ago.

Highlights of the sectoral deployment of bank credit3 are given below:

اکتوبر 31, 2023
Result of Yield / Price Based Auction of State Government Securities

Sr. NoState/UTAmount to be raised (₹ Crore)Amount Accepted (₹ Crore)Cut off Price (₹) / Yield (%)Tenure (Year) 1Andhra Pradesh5005007.7413 5005007.7614 5005007.7218 5005007.7020

2Bihar200020007.788

3Chhattisgarh100010007.738

4Goa1001007.7310

5Haryana100010007.7512

6Jammu and Kashmir6006007.6330

7Karnataka100010007.7312

100010007.7313

8Kerala100010007.6623

9Madhya Pradesh200020007.7614

10Maharashtra2000200098.49 / 7.6790Reissue of 7.46% Maharashtra SGS 2033 issued on September 13, 2023

2000200098.10 / 7.7297Reissue of 7.47% Maharashtra SGS 2034 issued on September 13, 2023

11Punjab*12001055.5137.7710

12Rajasthan100010007.7310

100010007.7416

100010007.7020

100010007.6525

13Tamil Nadu100010007.687

14Telangana5005007.7514

100010007.6722

15Uttar Pradesh200020007.7110


TOTAL25,40025,255.513
 

*Punjab has accepted a partial amount of ₹1055.513 Crore in the 10-year security.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1208

اکتوبر 31, 2023
Money Market Operations as on October 30, 2023

(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    -    -
B. Term Segment    


     I. Notice Money**    0.00    -    -
     II. Term Money@@    0.00    -    -
     III. Triparty Repo    0.00    -    -
     IV. Market Repo    0.00    -    -
     V. Repo in Corporate Bond    0.00    -    -
RBI OPERATIONS@

Auction Date    Tenor (Days)    Maturity Date    Amount    Current Rate /
Cut off Rate
C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)

اکتوبر 31, 2023
Survey on Foreign Collaboration in Indian Industry: 2021–2023 – Data Release

Today, the Reserve Bank released the results1 of fourteenth round of its biennial survey on foreign collaboration in Indian industry (FCS) covering the financial years 2021-22 and 2022-23. This survey captures information on financial parameters and operations of the Indian companies having technical collaboration with foreign companies during the reference period, as per the attached schedule.

اکتوبر 30, 2023
RBI imposes monetary penalty on Pij People’s Co-operative Bank Limited, Pij, Dist. Kheda, Gujarat

The Reserve Bank of India (RBI) has, by an order dated October 04, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Pij People’s Co-operative Bank Limited, Pij, Dist. Kheda, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

اکتوبر 30, 2023
Auction of Government of India Dated Securities

Government of India (GOI) has announced the sale (Issue/re-issue) of three dated securities for a notified amount of ₹30,000 crore as per the following details:

Sr No    Security    Date of Repayment    Notified Amount
(₹ crore)    GoI specific Notification    Auction Date    Settlement Date
1    7.37% GS 2028    Oct 23, 2028    7,000    F.No.4(3)-B(W&M)/2023 dated
October 30, 2023    November 03, 2023
(Friday)    November 06, 2023
(Monday)
2    7.18% GS 2033    Aug 14, 2033    13,000
3    New GS 2073    Nov 06, 2073    10,000

Total    
30,000    

اکتوبر 30, 2023
RBI imposes monetary penalty on Mizoram Co-operative Apex Bank Ltd., Aizawl, Mizoram

The Reserve Bank of India (RBI) has, by an order dated October 05, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Mizoram Co-operative Apex Bank Ltd., Aizawl (the bank) for non-compliance with the directions issued by RBI on ‘Housing Finance’ applicable to State Co-operative Banks. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Background

The statutory inspection of the bank conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2022, and examination of the Inspection Report and all correspondence related thereto revealed, inter alia, that the bank’s total exposure to housing finance was above the prescribed limit. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the said directions, as stated therein.

After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2023-2024/1202

اکتوبر 30, 2023
RBI imposes monetary penalty on Shihori Nagarik Sahakari Bank Ltd., Shihori, Dist. Banaskantha, Gujarat

The Reserve Bank of India (RBI) has, by an order dated October 04, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Shihori Nagarik Sahakari Bank Ltd., Shihori, Dist. Banaskantha, Gujarat (the bank) for non-compliance with 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’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

اکتوبر 30, 2023
RBI imposes monetary penalty on Uma Co-operative Bank Ltd., Vadodara, Gujarat

The Reserve Bank of India (RBI) has, by an order dated October 04, 2023, imposed a monetary penalty of ₹7.00 lakh (Rupees Seven lakh only) on Uma Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for contravention of directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

اکتوبر 30, 2023
RBI imposes monetary penalty on Birbhum District Central Co-operative Bank Ltd., Birbhum, West Bengal

The Reserve Bank of India (RBI) has, by an order dated September 19, 2023, imposed a monetary penalty of ₹1.10 lakh (Rupees One lakh Ten thousand only) on Birbhum District Central Co-operative Bank Ltd., Birbhum, West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ and ‘Membership of Credit Information Companies (CICs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949 and Section 25 (1) (iii) read with section 23 (4) of the Credit Information Companies (Regulation) Act, 2005.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Background

The statutory inspection of the bank conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2022, and examination of the Inspection Report and all correspondence related thereto revealed, inter alia, that the bank had (i) failed to carry out periodic review of risk categorisation of accounts, (ii) failed to undertake risk categorisation of a number of accounts; and (iii) failed to obtain membership of three out of the four CICs. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.

After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2023-2024/1201

اکتوبر 30, 2023
Money Market Operations as on October 27, 2023

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 500,614.35 6. 5.00-7.80 I.Call Money 10,607.39 6. 5.00-6.95 II. Triparty Repo 339,910.40 6. 6.00-6.80

اکتوبر 30, 2023
Money Market Operations as on October 29, 2023

(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    -    -
B. Term Segment    


     I. Notice Money**    0.00    -    -
     II. Term Money@@    0.00    -    -
     III. Triparty Repo    0.00    -    -
     IV. Market Repo    0.00    -    -
     V. Repo in Corporate Bond    0.00    -    -
RBI OPERATIONS@

Auction Date    Tenor (Days)    Maturity Date    Amount    Current Rate /
Cut off Rate
C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)

اکتوبر 27, 2023
Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on October 30, 2023 (SGB 2017-18 Series V)

In terms of GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series V - Issue date October 30, 2017) 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 October 30, 2023.

اکتوبر 27, 2023
91 days, 182 days and 364 days Treasury Bills auction

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No.Treasury BillNotified Amount (in ₹ Crore)Auction Date Settlement Date

191 Days7,000November 01, 2023
(Wednesday)November 02, 2023
(Thursday)

2182 Days8,000

3364 Days9,000


  Total24,000

اکتوبر 27, 2023
RBI announces rate of interest on Government of India Floating Rate Bond 2034

The rate of interest on Government of India Floating Rate Bond 2034 (GOI FRB 2034) applicable for the half year October 30, 2023 to April 29, 2024 shall be 8.10 per cent per annum.

It may be recalled that FRB 2034 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., October 30, 2023) of 182 Day T-Bills, plus a fixed spread (0.98 per cent).

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1193

اکتوبر 27, 2023
Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2022 2023 Variation Oct. 21 Oct. 13   Oct. 20 Week Year 1 2 3 4 5
4 Loans and Advances    


4.1 Central Government    0    0    0    0    0
4.2 State Governments    5092    20364    20227    -137    15135
* Data are provisional.

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