NSDP

The Reserve Bank of India issued Directions to Jaiprakash Narayan Nagari Sahakari Bank Ltd., Basmatnagar, Hingoli, Maharashtra under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 vide Directive CO.DOS.SED. No. S2723/12-07-005/2022-2023 dated July 28, 2022 for a period of six months up to January 29, 2023, the validity of which was extended up to April 29, 2023 vide Directive DOR.MON.D-71/12.22.663/2022-23 dated January 25, 2023. 2. The Reserve

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 April 29, 2023 (April 30, 2023 being a Sunday). 2. Further, the redempt

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 12,000 May 03, 2023 (Wednesday) May 04, 2023 (Thursday) 2 182 Days 12,000 3 364 Days 8,000 Total 32,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notifi

The rate of interest on Government of India Floating Rate Bond 2034 (GOI FRB 2034) applicable for the half year April 30, 2023 to October 29, 2023 shall be 7.93 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., April 30, 2023) of 182 Day T-Bills, plus a fixed spread (0.98 per cent). Ajit Prasad Director (Commun

The Reserve Bank of India (RBI) has extended the directions issued to the Lucknow Urban Co-operative Bank Ltd., Lucknow (U.P.) for a period of three (03) months from April 29, 2023 to July 28, 2023, subject to review. The bank has been under direction from the close of business of July 28, 2022 vide directive order LKO.DOS.SED.No.S256/10-03-556/2022-2023 dated July 27, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS). The s

The Reserve Bank of India (RBI) has extended the directions issued to the Urban Co-operative Bank Ltd., Sitapur (U.P.) for a period of three (03) months from April 29, 2023 to July 28, 2023, subject to review. The bank has been under direction from the close of business on July 28, 2022 vide directive order LKO.DOS.SED.No.S257/10-12-414/2022-23 dated July 27, 2022 issued under section 35 A read with section 56 of the Banking Regulation Act, 1949 (AACS). The said direc

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of April 2023. Highlights: Lending Rates: The weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 8 basis points (bps) from 9.24 per cent in February 2023 to 9.32 per cent in March 2023. The WALR on outstanding rupee loans of SCBs increased by 5 bps from 9.67 per cent in February 2023 to 9.72 per cent

The Reserve Bank of India issued Directions to Durga Co-operative Urban Bank Ltd., Vijayawada under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No. HYD.DOS.INSP4.No.S241/15-36-070/2022-2023 dated July 28, 2022 for a period of six months upto January 29, 2023 which were further extended vide Directive No. DOR.MON/D-69/12.24.020/2022-23 dated January 25, 2023 for a period of three months upto April 29, 2023. 2. The Reserve Bank o

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹15,200 Crore (Face Value). The revision is due to inclusion of the States of Punjab and Tamil Nadu. Sr. No State Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Year) Type of Auction 1 Kerala 1500 - 25 Yield 2 Manipur 200 - 12 Yield 3 Punjab 1000 500 20 Yield 1000 - Reissue of 7.59% Punjab SGS 2033 issued on April 12, 2023 Price 1

Auction Results 7.17% GS 2030 7.41% GS 2036 7.40% GS 2062 I. Notified Amount ₹7000 Crore ₹12000 Crore ₹12000 Crore II. Underwriting Notified Amount ₹7000 Crore ₹12000 Crore ₹12000 Crore III. Competitive Bids Received (i) Number 151 240 174 (ii) Amount ₹20994 Crore ₹30986 Crore ₹29054 Crore IV. Cut-off price / Yield 100.45 101.60 101.58 (YTM: 7.0861%) (YTM: 7.2221%) (YTM: 7.2768%) V. Competitive Bids Accepted (i) Number 37 64 60 (ii) Amount ₹6990.489 Crore ₹11986.135 C