Press Releases

The Reserve Bank of India (RBI) has, by an order dated May 09, 2022, imposed a monetary penalty of ₹44.00 lakh (Rupees Forty-Four Lakh only) on The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad (the bank) for non-compliance with the directions issued by RBI on ‘Interest Rate on Deposits’ and on ‘Frauds in UCBs: Changes in Monitoring and Reporting mechanism’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) r

The Reserve Bank has received 11 applications to set up bank under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks. The names of these applicants were announced vide press releases on April 15, August 30 and December 31, 2021. The examination of six applications has now been completed as per the procedure laid down under these guidelines. Based on the assessment of the applications, following applicants were not found suitable for gran

Sr. No. State Amount to be raised (₹ Cr) Amount Accepted (₹ Cr) Cut off Price (₹) Yield (%) Tenure (Yrs) 1 Andhra Pradesh 1000 1000 7.46 5 1000 1000 7.63 8 2 Maharashtra 3000 3000 99.94/7.6207 Re-issue of 7.61% Maharashtra SDL 2029 issued on May 11, 2022 2000 2000 100.10/7.6126 Re-issue of 7.63% Maharashtra SDL 2030 issued on May 11, 2022 3 Rajasthan 1000 1000 7.70 10 500 500 102.02/7.2905 Re-issue of 7.90% Rajasthan SDL 2026 issued on April 08, 2020 TOTAL 8500 8500 R

Tenor 28-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 33,711 Amount accepted (in ₹ crore) 33,711 Cut off Rate (%) 4.39 Weighted Average Rate (%) 4.38 Partial Acceptance Percentage of offers received at cut off rate NA Rupambara Director (Communications) Press Release: 2022-2023/218

In the underwriting auctions conducted on May 13, 2022, 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

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 496,784.32 4.04 0.01-6.05 I. Call Money 11,609.69 4.06 2.30-4.30 II. Triparty Repo 344,822.30 4.05 4.01-4.20 III. Market Repo 140,327.33 4.01 0.01-4.30 IV. Repo in Corporate Bond 25.00 6.05 6.05-6.05 B. Term Segment I. Notice Money** 220.00 3.66 3.25-4.00 II. Term Money@@ 356.50 - 3.65-4.45 III. Triparty Repo 5.00 4.10 4.10-4.10 IV. Mark

Government of India (GOI) has announced the sale (issue/ re-issue) of four dated securities for a notified amount of ₹32,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ crore) GoI specific Notification Auction Date Settlement Date 1 5.74% GS 2026 Nov 15, 2026 9,000 F.No.4(3)-B(W&M)/2022 datedMay 13, 2022 May 20, 2022 (Friday) May 23, 2022 (Monday) 2 GOI FRB 2034* Oct 30, 2034 4,000 3 New GS 2036 May 23, 2036 10,000 4 6.9

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.DSD.No.S782/12-07-005/2022-23 dated May 13, 2022, has issued certain Directions to Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Ichalk

The Reserve Bank of India (RBI) has appointed Dr. Rajiv Ranjan as Executive Director (ED) with effect from May 02, 2022. Prior to being promoted as ED, Dr. Ranjan was serving as Adviser-in-Charge of Monetary Policy Department and Secretary to the Monetary Policy Committee. Dr. Ranjan has an experience of more than three decades in macroeconomic policy and research including monetary policy, fiscal policy, real sector, external sector and international relations. He ha

The Reserve Bank of India (RBI) has appointed Dr. Sitikantha Pattanaik as Executive Director (ED) with effect from May 02, 2022. Prior to being promoted as ED, Dr. Pattanaik was an Adviser in the Department of Economic and Policy Research (DEPR). Dr. Pattanaik has, over a span of three decades, worked in the areas of economic research and monetary policy in RBI’s Monetary Policy Department and Department of Economic and Policy Research. He was with the Central Bank of