Press Releases

The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on Bharat Heavy Electricals Employees’ Co-operative Bank Limited, Kailasapuram, Tiruchirappalli, Tamil Nadu (the bank) for non-adherence/violation of directions issued under Exposure Norms and Statutory/Other Restrictions – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1

The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on Kakinada Co-operative Town Bank Ltd, Kakinada, East Godavari District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs and Establishment of Depositor Education and Awareness Fund. This penalty has been imposed i

The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on The Darussalam Co-operative Urban Bank Ltd., Hyderabad, Telangana (the bank) for non-adherence / violation of directions issued under Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs and Board of Directors-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisi

The Reserve Bank of India (RBI) has imposed, by an order dated August 25, 2022, a monetary penalty of ₹55.00 lakh (Rupees Fifty five lakh only) on The Visakhapatnam Co-operative Bank Ltd, Visakhapatnam, Andhra Pradesh (the bank) for non-adherence/violation of directions issued under (i) Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs and (ii) Finance for Housing Schemes-UCBs. This penalty has been imposed in exercise of powers ves

The Reserve Bank of India (RBI) has imposed, by an order dated August 25, 2022, an aggregate monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on The Nellore Co-operative Urban Bank Limited, Gandhi Nagar, Nellore District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under i) prohibition of loans and advances to Directors and their Relatives and Firms / Concerns in which they are interested– UCBs and ii) Exposure Norms and Statutor

The Reserve Bank of India (RBI) has imposed, by an order dated August 23, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Kendrapara Urban Cooperative Bank, Kendrapara (the bank) for contravention of/non-compliance with the directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Reg

The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on the National Urban Co-operative Bank Limited, Pratapgarh, Uttar Pradesh (the bank) for non-compliance with certain directions issued by RBI contained in the Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 01, 2015 on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’. Th

The Result of the auction of State Government Securities held on August 29, 2022. Table (Amount in ₹ Crore) ANDHRA PRADESH 2037 ANDHRA PRADESH 2039 ANDHRA PRADESH 2042 BIHAR 2032 Notified Amount 500 500 1000 1000 Tenure 15 17 20 10 Competitive Bids Received (i) No. 76 77 27 82 (ii) Amount 3360.00 3225.00 3745.00 4422.00 Cut-off Yield (%) 7.71 7.71 7.71 7.62 Competitive Bids Accepted (i) No. 5 1 1 11 (ii) Amount 450.00 497.850 997.863 929.47 Partial Allotment Percentag

Sr. No. State Amount to be raised (₹ Cr) Amount Accepted (₹ Cr) Cut off Price (₹) / Yield (%) Tenure (Years) 1 Andhra Pradesh 500 500 7.71 15 500 500 7.71 17 1000 1000 7.71 20 2 Bihar 1000 1000 7.62 10 3 Haryana 500 500 7.53 8 1000 1000 7.61 10 4 Kerala 2000 2000 7.67 12 1000 1000 7.71 20 5 Punjab 1000 1000 96.92/7.7172 Reissue of 7.41% Punjab SDL 2042 issued on March 16, 2022 1500 1500 100.23/7.7270 Reissue of 7.75% Punjab SGS 2042 issued on August 24, 2022 6 Tamil N

(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 Amoun