The Reserve Bank of India issued All Inclusive Directions to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.No.D-8/12. 23.212/2018-19 dated February 21, 2019 for a period of six months with effect from close of business of February 28, 2019, which were last extended up to August 31, 2020 vide Directive DOR.CO.AID.NO.D-56/12.23.212/2019-20, dated February 26, 2020. 2. The Reserve Bank…"Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka – Extension of period"
RBI had announced, vide its press release dated August 25, 2020, simultaneous purchase and sale of government securities under Open Market Operation (OMO) for an aggregate amount of ₹20,000 crores in two tranches of ₹10,000 crores each. The first auction was conducted on August 27, 2020 and the second auction is scheduled for September 03, 2020. 2. Accordingly, the details of securities for the simultaneous purchase and sale of government securities under Open Market Operations…"RBI Announces Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of India Securities"
Today, the Reserve Bank released Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs), June 2020 on its Database on Indian Economy (DBIE) portal (web-link: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!3). Data on total credit and deposits disaggregated by type, are classified by states/union territories (UTs), districts, centres, population groups and bank groups. These data are collected from SCBs (including Regional Rural Banks and Small Finance Banks) under the Basic Statistical Return (BSR) – 7 system.1"RBI Releases ‘Quarterly Statistics on Deposits and Credit of SCBs: June 2020’"
Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of July 2020 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit growth at 6.7 per cent in July 2020 was the same…"Sectoral Deployment of Bank Credit – July 2020"
The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹11,250 Cr. (Face Value). The revision is due to the addition of Andhra Pradesh. Sr. No. State Amount to be raised (₹ Cr) Additional Borrowing (Green shoe) Option (₹ Cr) Tenure (Yrs) Type of Auction 1 Andhra Pradesh 1000 – 4 Yield 1000 – 15 Yield 1000 – 19 Yield 2 Assam 600 – 10 Yield…"Auction of State Government Securities – Revised"
Government of India (GOI) has announced the sale (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 5.22% GS 2025 June 15, 2025 12,000 F.No.4(5) W&M/2020 dated August 31, 2020 September 04, 2020 (Friday) September 07, 2020 (Monday) 2 6.19% GS 2034 September 16, 2034 11,000 3 7.16% GS…"Auction of Government of India Dated Securities"
A meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC) was held today (August 31, 2020) in Mumbai through video conference. Shri Shaktikanta Das, Governor, Reserve Bank of India, chaired the meeting. The meeting was attended by the members of the Sub-Committee – Shri Ajay Bhushan Pandey, Finance Secretary and Secretary, Department of Revenue; Shri Ajay Prakash Sawhney, Secretary, Ministry of Electronics and Information Technology; Shri Rajesh Verma, Secretary, Ministry of Corporate…"25th Meeting of the FSDC Sub-Committee over Video Conferenceon August 31, 2020 at 8:05 pm"
(Amount in ₹ crore, Rate in Per cent) MONEY [email protected] Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 313,424.24 3.02 0.01-4.10 I. Call Money 10,334.00 3.45 1.80-4.10 II. Triparty Repo 202,921.30 3.02 2.81-3.05 III. Market Repo 100,168.94 2.98 0.01-3.20 IV. Repo in Corporate Bond 0.00 – B. Term Segment I. Notice Money** 294.35 3.11 2.25-3.50 II. Term [email protected]@ 175.00 – 3.60-5.20 III. Triparty Repo 0.00 – – IV. Market Repo 0.00 –…"Money Market Operations as on August 31, 2020"
RBI/2020-21/28 DoR (PCB).BPD.Cir.No.2/12.05.001/2020-21 August 26, 2020 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS) – Extension of time In terms of section 31 of the Banking Regulation Act, 1949 (“the Act”) read with Section 56 the Act [as amended by the Banking Regulation (Amendment) Ordinance, 2020], accounts and balance-sheet referred to in section 29 of the Act…"Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS) – Extension of time"
RBI/2020-21/25 DOR.AML.BC. No. 8/14.06.001/2020-21 August 21, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s Democratic Republic of Congo List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in terms of Section 51A of the Unlawful Activities (Prevention)…"Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s Democratic Republic of Congo List"