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On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 18, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 1 11:30 AM to 12:00 Noon July 19, 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.
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 18, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 1 11:30 AM to 12:00 Noon July 19, 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.
PDF (MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 525,197.00 6.39 5.10-6.65 I. Call Money 10,066.22 6.48 5.10-6.55 II. Triparty Repo 359,267.55 6.38 6.16-6.45 III. Market Repo 154,790.23 6.42 5.50-6.57 IV. Repo in Corporate Bond 1,073.00 6.61 6.60-6.65 B. Term Segment I. Notice Money** 159.20 6.35 5.85-6.55
MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 525,197.00 6.39 5.10-6.65 I. Call Money 10,066.22 6.48 5.10-6.55 II. Triparty Repo 359,267.55 6.38 6.16-6.45 III. Market Repo 154,790.23 6.42 5.50-6.57 IV. Repo in Corporate Bond 1,073.00 6.61 6.60-6.65 B. Term Segment I. Notice Money** 159.20 6.35 5.85-6.55
The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – June 2024, 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.
The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – June 2024, 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.
The result of the auction of State Government Securities held on July 16,2024 is as under: (Amount in ₹Crore) ANDHRA PRADESH 2040 ANDHRA PRADESH 2043 HARYANA 2036 HIMACHAL PRADESH 2034 Notified Amount 1000 1000 1000 500 Tenure 16 19 12 10 Competitive Bids Received (i) No. 41 40 83 43 (ii) Amount 3720 3310 5203 1827 Cut-off Yield (%) 7.33 7.33 7.32 7.35 Competitive Bids Accepted (i) No. 2 2 6 20 (ii) Amount 986.89 996.934 912.992 460.711
The result of the auction of State Government Securities held on July 16,2024 is as under: (Amount in ₹Crore) ANDHRA PRADESH 2040 ANDHRA PRADESH 2043 HARYANA 2036 HIMACHAL PRADESH 2034 Notified Amount 1000 1000 1000 500 Tenure 16 19 12 10 Competitive Bids Received (i) No. 41 40 83 43 (ii) Amount 3720 3310 5203 1827 Cut-off Yield (%) 7.33 7.33 7.32 7.35 Competitive Bids Accepted (i) No. 2 2 6 20 (ii) Amount 986.89 996.934 912.992 460.711
Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.33 16 1000 1000 7.33 19 2 Haryana 1000 1000 7.32 12 3 Himachal Pradesh 500 500 7.35 10 4 Jammu & Kashmir 1000 1000 7.35 27 5 Mizoram 90 90 7.35 13 6 Telangana 1000 1000 7.32 12 1000 1000 7.33 16 Total 6590 6590
Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.33 16 1000 1000 7.33 19 2 Haryana 1000 1000 7.32 12 3 Himachal Pradesh 500 500 7.35 10 4 Jammu & Kashmir 1000 1000 7.35 27 5 Mizoram 90 90 7.35 13 6 Telangana 1000 1000 7.32 12 1000 1000 7.33 16 Total 6590 6590
Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 25,465 Amount accepted (in ₹ crore) 25,009 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 98.10
Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 25,465 Amount accepted (in ₹ crore) 25,009 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 98.10
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 16, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 3 11:00 AM to 11:30 AM July 19, 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.
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 16, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 3 11:00 AM to 11:30 AM July 19, 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.
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 534,290.74 6.36 5.10-6.65 I. Call Money 10,700.02 6.47 5.10-6.55 II. Triparty Repo 364,121.10 6.34 6.28-6.55 III. Market Repo 158,551.62 6.40 6.00-6.65 IV. Repo in Corporate Bond 918.00 6.63 6.60-6.65
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 534,290.74 6.36 5.10-6.65 I. Call Money 10,700.02 6.47 5.10-6.55 II. Triparty Repo 364,121.10 6.34 6.28-6.55 III. Market Repo 158,551.62 6.40 6.00-6.65 IV. Repo in Corporate Bond 918.00 6.63 6.60-6.65
Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹31,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ crore) GoI specific Notification Auction Date Settlement Date 1 7.10% GS 2034 Apr 08, 2034 20,000 F.No.4(3)-B(W&M)/2024 dated July 15, 2024 July 19, 2024 (Friday) July 22, 2024 (Monday) 2 7.46% GS 2073 Nov 06, 2073 11,000 Total 31,000
Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹31,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ crore) GoI specific Notification Auction Date Settlement Date 1 7.10% GS 2034 Apr 08, 2034 20,000 F.No.4(3)-B(W&M)/2024 dated July 15, 2024 July 19, 2024 (Friday) July 22, 2024 (Monday) 2 7.46% GS 2073 Nov 06, 2073 11,000 Total 31,000
In terms of GOI Notifications F. No. 4(7) – B (W&M) /2019 dated May 30, 2019 (SGB 2019-20 Series II - Issue date July 16, 2019) 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 due date of premature redemption of the above tranche shall be July 16, 2024.
In terms of GOI Notifications F. No. 4(7) – B (W&M) /2019 dated May 30, 2019 (SGB 2019-20 Series II - Issue date July 16, 2019) 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 due date of premature redemption of the above tranche shall be July 16, 2024.
The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of June 2024.
The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of June 2024.
The Reserve Bank of India (RBI) has, by an order dated July 03, 2024, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-five thousand only) on Sivagangai District Central Co-operative Bank Limited, Sivagangai, 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.
The Reserve Bank of India (RBI) has, by an order dated July 03, 2024, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-five thousand only) on Sivagangai District Central Co-operative Bank Limited, Sivagangai, 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.
The Reserve Bank of India (RBI) has, by an order dated July 08, 2024, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Mahabaleshwar Urban Cooperative Bank Limited, Mahabaleshwar, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and ‘Prudential Norms on Capital Adequacy - 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.
The Reserve Bank of India (RBI) has, by an order dated July 08, 2024, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Mahabaleshwar Urban Cooperative Bank Limited, Mahabaleshwar, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and ‘Prudential Norms on Capital Adequacy - 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.
The Reserve Bank of India (RBI) has, by an order dated July 04, 2024, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Nagarik Sahakari Bank Limited, Bhiwandi, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks’. 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 Reserve Bank of India (RBI) has, by an order dated July 04, 2024, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Nagarik Sahakari Bank Limited, Bhiwandi, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks’. 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 Reserve Bank of India (RBI) has, by an order dated July 04, 2024, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Krishna Sahakari Bank Limited, Satara, Maharashtra (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 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 July 04, 2024, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Krishna Sahakari Bank Limited, Satara, Maharashtra (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 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 July 04, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Abasaheb Patil Rendal Sahakari Bank Limited, Rendal, Maharashtra (the bank) for non-compliance with the specific directions issued by RBI under Supervisory Action Framework (SAF). 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 Reserve Bank of India (RBI) has, by an order dated July 04, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Abasaheb Patil Rendal Sahakari Bank Limited, Rendal, Maharashtra (the bank) for non-compliance with the specific directions issued by RBI under Supervisory Action Framework (SAF). 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 Reserve Bank of India has today, issued three revised Master Directions on Fraud Risk Management for the Regulated Entities viz. (i) Commercial Banks (including Regional Rural Banks) and All India Financial Institutions; (ii) Cooperative Banks (Urban Cooperative Banks / State Cooperative Banks / Central Cooperative Banks); and (iii) Non-Banking Finance Companies (including Housing Finance Companies).
The Reserve Bank of India has today, issued three revised Master Directions on Fraud Risk Management for the Regulated Entities viz. (i) Commercial Banks (including Regional Rural Banks) and All India Financial Institutions; (ii) Cooperative Banks (Urban Cooperative Banks / State Cooperative Banks / Central Cooperative Banks); and (iii) Non-Banking Finance Companies (including Housing Finance Companies).
A. Source Security 7.72% GS 2025 5.22% GS 2025 8.20% GS 2025 8.20% GS 2025 5.15% GS 2025 7.59% GS 2026 B. Notified Amount (amount in ₹ cr) 1,000 4,000 3,500 1,000 2,000 1,000 Destination Security 6.67% GS 2050 7.40% GS 2035 7.54% GS 2036 8.24% GS 2033 6.67% GS 2035 7.36% GS 2052 C. i. No. of offers received 2 10 7 1 10 8 ii. Total amount of Source Security offered (Face value in ₹ cr) 279.329 1,830.000 3,512.000 1,000.000 2,315.945 1,450.000 iii. No of offers accepted 0 7 3 0 5 0 iv. Total amount of source security accepted (Face value in ₹ cr) 0 1,330.000 3,000.000 0 1,250.000 0
A. Source Security 7.72% GS 2025 5.22% GS 2025 8.20% GS 2025 8.20% GS 2025 5.15% GS 2025 7.59% GS 2026 B. Notified Amount (amount in ₹ cr) 1,000 4,000 3,500 1,000 2,000 1,000 Destination Security 6.67% GS 2050 7.40% GS 2035 7.54% GS 2036 8.24% GS 2033 6.67% GS 2035 7.36% GS 2052 C. i. No. of offers received 2 10 7 1 10 8 ii. Total amount of Source Security offered (Face value in ₹ cr) 279.329 1,830.000 3,512.000 1,000.000 2,315.945 1,450.000 iii. No of offers accepted 0 7 3 0 5 0 iv. Total amount of source security accepted (Face value in ₹ cr) 0 1,330.000 3,000.000 0 1,250.000 0
Tenor 4-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 37,220 Amount accepted (in ₹ crore) 37,220 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA
Tenor 4-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 37,220 Amount accepted (in ₹ crore) 37,220 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA
The Reserve Bank has launched the 42nd round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period July-September 2024. The survey assesses the business situation for the current quarter (Q2:2024-25) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q3:2024-25) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q4:2024-25 and Q1:2025-26) are also covered.
The Reserve Bank has launched the 42nd round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period July-September 2024. The survey assesses the business situation for the current quarter (Q2:2024-25) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q3:2024-25) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q4:2024-25 and Q1:2025-26) are also covered.
The Reserve Bank has launched the 107th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period July-September 2024. The survey assesses business sentiment for the current quarter (Q2:2024-25) and expectations for the ensuing quarter (Q3:2024-25), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q4:2024-25 and Q1:2025-26) are also covered.
The Reserve Bank has launched the 107th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period July-September 2024. The survey assesses business sentiment for the current quarter (Q2:2024-25) and expectations for the ensuing quarter (Q3:2024-25), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q4:2024-25 and Q1:2025-26) are also covered.
(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 - -
(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 the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 15, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 12:15 PM to 12:45 PM July 19, 2024 (Friday)
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 15, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 12:15 PM to 12:45 PM July 19, 2024 (Friday)
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 530,060.22 6.36 5.10-7.41 I. Call Money 9,999.47 6.46 5.10-6.55 II. Triparty Repo 362,994.55 6.33 6.20-6.41 III. Market Repo 156,043.20 6.41 6.00-7.41 IV. Repo in Corporate Bond 1,023.00 6.65 6.65-6.75
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 530,060.22 6.36 5.10-7.41 I. Call Money 9,999.47 6.46 5.10-6.55 II. Triparty Repo 362,994.55 6.33 6.20-6.41 III. Market Repo 156,043.20 6.41 6.00-7.41 IV. Repo in Corporate Bond 1,023.00 6.65 6.65-6.75
The Reserve Bank of India (RBl) has, by an order dated June 28, 2024, imposed a monetary penalty of ₹2.50 lakh (Rupees Two lakh Fifty thousand only) on Jilla Sahakari Kendriya Bank Maryadit, Chhattarpur, Madhya Pradesh (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.
The Reserve Bank of India (RBl) has, by an order dated June 28, 2024, imposed a monetary penalty of ₹2.50 lakh (Rupees Two lakh Fifty thousand only) on Jilla Sahakari Kendriya Bank Maryadit, Chhattarpur, Madhya Pradesh (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.
The Reserve Bank of India (RBl) has, by an order dated June 28, 2024, imposed a monetary penalty of ₹2.50 lakh (Rupees Two lakh Fifty thousand only) on Pusad Urban Co-operative Bank Ltd., Pusad, Maharashtra (the bank), for contravention of specific directions issued by RBI under ‘Supervisory Action Framework (SAF) for Primary (Urban) Co-operative Banks (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
The Reserve Bank of India (RBl) has, by an order dated June 28, 2024, imposed a monetary penalty of ₹2.50 lakh (Rupees Two lakh Fifty thousand only) on Pusad Urban Co-operative Bank Ltd., Pusad, Maharashtra (the bank), for contravention of specific directions issued by RBI under ‘Supervisory Action Framework (SAF) for Primary (Urban) Co-operative Banks (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
The Reserve Bank of India (RBI) has, by an order dated July 03, 2024, imposed a monetary penalty of ₹5,93,30,000/- (Rupees Five Crore Ninety Three Lakh and Thirty Thousand only) on The Mehsana Urban Co-operative Bank Ltd., Gujarat (the bank), for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors and their relatives, and firms / concerns in which they are interested’, ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’, ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’, ‘Know Your Customer (KYC) Norms’ and ‘Donations to Trusts and Institutions where Directors, their relatives hold position or are interested’. This penalty has been imposed in exercise of powers conferred on RBI under 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 July 03, 2024, imposed a monetary penalty of ₹5,93,30,000/- (Rupees Five Crore Ninety Three Lakh and Thirty Thousand only) on The Mehsana Urban Co-operative Bank Ltd., Gujarat (the bank), for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors and their relatives, and firms / concerns in which they are interested’, ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’, ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’, ‘Know Your Customer (KYC) Norms’ and ‘Donations to Trusts and Institutions where Directors, their relatives hold position or are interested’. This penalty has been imposed in exercise of powers conferred on RBI under 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 ₹6,590 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Andhra Pradesh 1000 16 Yield 1000 19 Yield 2 Haryana 1000 12 Yield 3 Himachal Pradesh 500 10 Yield 4 Jammu & Kashmir 1000 27 Yield 5 Mizoram 90 13 Yield 6 Telangana 1000 12 Yield 1000 16 Yield Total 6590
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹6,590 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Andhra Pradesh 1000 16 Yield 1000 19 Yield 2 Haryana 1000 12 Yield 3 Himachal Pradesh 500 10 Yield 4 Jammu & Kashmir 1000 27 Yield 5 Mizoram 90 13 Yield 6 Telangana 1000 12 Yield 1000 16 Yield Total 6590
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 8,000 July 18,2024 (Thursday) July 19,2024 (Friday) 2 182 Days 6,000 3 364 Days 6,000 Total 20,000
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 8,000 July 18,2024 (Thursday) July 19,2024 (Friday) 2 182 Days 6,000 3 364 Days 6,000 Total 20,000
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Jul. 7 Jun. 28 Jul. 5 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 25446 7286 25838 18552 392 * Data are provisional; difference, if any, is due to rounding off.
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Jul. 7 Jun. 28 Jul. 5 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 25446 7286 25838 18552 392 * Data are provisional; difference, if any, is due to rounding off.
Auction Results 7.02% GS 2031 7.34% GS 2064 I. Notified Amount ₹11,000 Crore ₹11,000 Crore II. Underwriting Notified Amount ₹11,000 Crore ₹11,000 Crore III. Competitive Bids Received (i) Number 209 350 (ii) Amount ₹ 42357 Crore ₹ 34784.750 Crore IV. Cut-off price / Yield 100.16 103.12 (YTM:6.9890%) (YTM:7.1025%)
Auction Results 7.02% GS 2031 7.34% GS 2064 I. Notified Amount ₹11,000 Crore ₹11,000 Crore II. Underwriting Notified Amount ₹11,000 Crore ₹11,000 Crore III. Competitive Bids Received (i) Number 209 350 (ii) Amount ₹ 42357 Crore ₹ 34784.750 Crore IV. Cut-off price / Yield 100.16 103.12 (YTM:6.9890%) (YTM:7.1025%)
7.02% GS 2031 7.34% GS 2064 I. Notified Amount ₹11,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.16/6.9890% 103.12/7.1025% III. Amount accepted in the auction ₹11,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL
7.02% GS 2031 7.34% GS 2064 I. Notified Amount ₹11,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.16/6.9890% 103.12/7.1025% III. Amount accepted in the auction ₹11,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL
Tenor 14-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 9,581 Amount accepted (in ₹ crore) 9,581 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA
Tenor 14-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 9,581 Amount accepted (in ₹ crore) 9,581 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA
In the underwriting auctions conducted on July 12, 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) 7.02% GS 2031 11,000 5,502 5,498 11,000 0.06 7.34% GS 2064 11,000 5,502 5,498 11,000 0.10 Auction for the sale of securities will be held on July 12, 2024.
In the underwriting auctions conducted on July 12, 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) 7.02% GS 2031 11,000 5,502 5,498 11,000 0.06 7.34% GS 2064 11,000 5,502 5,498 11,000 0.10 Auction for the sale of securities will be held on July 12, 2024.
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 503,776.75 6.40 5.10-7.15 I. Call Money 10,082.55 6.47 5.10-6.60 II. Triparty Repo 343,655.00 6.38 6.15-6.46 III. Market Repo 148,834.20 6.45 6.00-7.15 IV. Repo in Corporate Bond 1,205.00 6.65 6.60-6.68
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 503,776.75 6.40 5.10-7.15 I. Call Money 10,082.55 6.47 5.10-6.60 II. Triparty Repo 343,655.00 6.38 6.15-6.46 III. Market Repo 148,834.20 6.45 6.00-7.15 IV. Repo in Corporate Bond 1,205.00 6.65 6.60-6.68
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 12, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 14 10:30 AM to 11:00 AM July 26, 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.
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 12, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 14 10:30 AM to 11:00 AM July 26, 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.
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 30-Jun-2023 14-Jun-2024* 28-Jun-2024* 30-Jun-2023 14-Jun-2024* 28-Jun-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 257646.38 273308.26 281655.77 260058.33 278408.28 287360.27 b) Borrowings from banks 39731.20 152174.16 158498.40 39861.10 152178.16 158504.40 c) Other demand & time liabilities 61504.46 76032.19 76535.85 62178.02 76525.91 77044.23 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 19156018.40 20902918.07 (20809913.89) 21285327.41 21195930.64) 19598266.83 21569931.53 21476927.35) 22058064.18 21968667.41) i) Demand 2448921.30 2390694.05 2601198.84 2494898.41 2459861.36 2677831.05
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 30-Jun-2023 14-Jun-2024* 28-Jun-2024* 30-Jun-2023 14-Jun-2024* 28-Jun-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 257646.38 273308.26 281655.77 260058.33 278408.28 287360.27 b) Borrowings from banks 39731.20 152174.16 158498.40 39861.10 152178.16 158504.40 c) Other demand & time liabilities 61504.46 76032.19 76535.85 62178.02 76525.91 77044.23 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 19156018.40 20902918.07 (20809913.89) 21285327.41 21195930.64) 19598266.83 21569931.53 21476927.35) 22058064.18 21968667.41) i) Demand 2448921.30 2390694.05 2601198.84 2494898.41 2459861.36 2677831.05
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Mahabhairab Co-operative Urban. Bank Ltd. Tezpur, Assam vide Directive GWH.DOS.ADM.No.S163/01-10-101/2023-24 dated October 12, 2023, for a period of six months from the close of business on October 12, 2023, as modified from to time, which were last extended up to close of business on July 12, 2024 vide Directive DOR.MON.D-02/12.22.804/2024-25 dated April 10, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on July 12, 2024.
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Mahabhairab Co-operative Urban. Bank Ltd. Tezpur, Assam vide Directive GWH.DOS.ADM.No.S163/01-10-101/2023-24 dated October 12, 2023, for a period of six months from the close of business on October 12, 2023, as modified from to time, which were last extended up to close of business on July 12, 2024 vide Directive DOR.MON.D-02/12.22.804/2024-25 dated April 10, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on July 12, 2024.
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 May 2024.
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 May 2024.
Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 26,560 Amount accepted (in ₹ crore) 25,006 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 93.2
Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 26,560 Amount accepted (in ₹ crore) 25,006 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 93.2
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 11, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 1 11:30 AM to 12:00 Noon July 12, 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.
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 11, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 1 11:30 AM to 12:00 Noon July 12, 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.
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on July 12, 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
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on July 12, 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) 517,951.30 6.41 0.02-8.70 I. Call Money 9,506.65 6.47 5.10-6.60 II. Triparty Repo 354,475.80 6.40 6.25-6.45 III. Market Repo 153,023.85 6.45 0.02-6.60 IV. Repo in Corporate Bond 945.00 6.68 6.65-8.70
(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 517,951.30 6.41 0.02-8.70 I. Call Money 9,506.65 6.47 5.10-6.60 II. Triparty Repo 354,475.80 6.40 6.25-6.45 III. Market Repo 153,023.85 6.45 0.02-6.60 IV. Repo in Corporate Bond 945.00 6.68 6.65-8.70
Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹25,000 crore (face value). The security-wise details of the conversion/switch are given as under:
Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹25,000 crore (face value). The security-wise details of the conversion/switch are given as under:
The Reserve Bank has today released data on Reserve Money for the week ended July 05, 2024 and Money Supply for the fortnight ended June 28, 2024.
The Reserve Bank has today released data on Reserve Money for the week ended July 05, 2024 and Money Supply for the fortnight ended June 28, 2024.
Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 93 97 144 (ii) Amount ₹30464.460 Crore ₹20506.550 Crore ₹28618.500 Crore III. Cut-off price / Yield 98.3431 96.6879 93.5450 (YTM: 6.7578%) (YTM: 6.8699%) (YTM: 6.9194%)
Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 93 97 144 (ii) Amount ₹30464.460 Crore ₹20506.550 Crore ₹28618.500 Crore III. Cut-off price / Yield 98.3431 96.6879 93.5450 (YTM: 6.7578%) (YTM: 6.8699%) (YTM: 6.9194%)
I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3431 (YTM: 6.7578%) 96.6879 (YTM: 6.8699%) 93.5450 (YTM: 6.9194%) IV. Total Face Value Accepted ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore
I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3431 (YTM: 6.7578%) 96.6879 (YTM: 6.8699%) 93.5450 (YTM: 6.9194%) IV. Total Face Value Accepted ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore
Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 10,770 Amount accepted (in ₹ crore) 10,770 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA
Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 10,770 Amount accepted (in ₹ crore) 10,770 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 July 10, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 11:00 AM to 11:30 AM July 12, 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.
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 10, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 11:00 AM to 11:30 AM July 12, 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.
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Page Last Updated on: November 01, 2024
