Press Releases

The Reserve Bank of India (RBI) has appointed Shri Neeraj Nigam as Executive Director (ED) with effect from April 03, 2023. Prior to being promoted as ED, Shri Neeraj Nigam was heading the Bhopal Regional Office of the Bank as Regional Director. Shri Nigam has, over a span of more than three decades, served in Regulation and Supervision, Human Resource Management, Premises, Currency Management, Bank Accounts and other areas in the Reserve Bank, in its Central Office a

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,14,650.66 7.11 5.50-8.10 I. Call Money 5,979.84 7.37 5.50-8.10 II. Triparty Repo 3,17,234.05 6.92 6.00-7.43 III. Market Repo 1,91,436.77 7.41 5.50-8.00 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 957.79 7.16 5.80-7.33 II. Term Money@@ 133.00 - 6.60-7.10 III. Triparty Repo 4,090.00 6.84 6.80-6.95 IV. Market Rep

Government of India (GOI) has announced the sale (issue/re-issue) of three dated securities for a notified amount of ₹33,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ crore) GoI specific Notification Auction Date Settlement Date 1 New GS 2028 Apr 10, 2028 8,000 F.No.4(3)-B(W&M)/2022 dated April 03, 2023 April 06, 2023 (Thursday) April 10, 2023 (Monday) 2 7.26% GS 2033 Feb 06, 2033 14,000 3 7.36% GS 2052 Sep 12, 2052 11

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 February 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/8

The value of exports and imports of services during February 2023 is given in the following table. International Trade in Services (US$ Million) Month Receipts (Exports) Payments (Imports) October – 2022 25,346 (24.4) 13,516 (16.1) November – 2022 26,986 (30.6) 15,392 (21.9) December – 2022 31,090 (19.7) 15,794 (5.7) January – 2023 28,036 (29.6) 14,226 (7.5) February – 2023 27,431 (28.8) 14,368 (10.8) Notes: (i) Data for January-February are provisional, while those f

The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year April 04, 2023 to October 03, 2023 shall be 7.88 per cent per annum.It may be recalled that FRB 2028 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., April 04, 2023) of 182 Day T-Bills, plus a fixed spread (0.64 per cent). Ajit Prasad Director (Communi

The Reserve Bank of India (RBI) has, by an order dated March 29, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Jamnagar people’s Co-operative Bank Ltd., Jamnagar (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Income Recognition, Asset Classification and Provisioning Norms for Loans and Advances’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imp

The Reserve Bank of India (RBI) has imposed, by an order dated March 29, 2023, a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Board of Directors of Urban Co-operative Banks - Professionalisation and their Role - Do's and Don'ts’, ‘Prudential Norms Income Recognition, Asset Classification, Provisioning and Other Related Matters’, ‘Loa

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 531,246.06 6.82 4.60-7.50 I. Call Money 11,801.43 6.72 4.60-6.90 II. Triparty Repo 337,165.30 6.77 6.73-6.96 III. Market Repo 182,154.33 6.92 5.75-7.50 IV. Repo in Corporate Bond 125.00 7.00 7.00-7.00 B. Term Segment I. Notice Money** 738.28 7.29 5.60-8.25 II. Term Money@@ 656.00 - 6.55-7.50 III. Triparty Repo 14,231.80 7.80 6.80-8.10 IV

The following State Government has offered to sell stock by way of auction, for an aggregate amount of ₹3,000 Crore (Face Value). Sr. No State Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Year) Type of Auction 1 Andhra Pradesh 1000 - 6 Yield 1000 - 9 Yield 1000 - 10 Yield TOTAL 3,000 The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 05, 2023 (Wednesday). The Government Stock