Press Releases

The Reserve Bank of India has today, in exercise of its powers under section 45L(1)(b) of the Reserve Bank of India Act, 1934, directed Mahindra & Mahindra Financial Services Ltd. (MMFSL), Mumbai, to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders. However, the said NBFC may continue to carry out recovery or repossession activities, through its own employees. This action is based on certain

The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction on September 23, 2022, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor(day) Window Timing Date of Reversal 1 2,00,000 14 10:30 AM to 11:00 AM October 07, 2022 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.Rupambara Director (Communications)Press Release: 2022-2023/915

Today, the Reserve Bank of India (RBI), vide order dated September 14, 2022, has cancelled the licence of “The Laxmi Co-operative Bank Limited, Solapur, Maharashtra”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on September 22, 2022. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the

The Reserve Bank has today released data on Money Supply for the fortnight ended September 09, 2022. Rupambara Director (Communications) Press Release: 2022-2023/913

Today, the Reserve Bank released the provisional results of the 2021-221 round of the annual census on foreign liabilities and assets (FLA) covering cross-border liabilities and assets of the entities with inward/outward direct investment (DI). These entities include companies, limited liability partnerships (LLPs), alternative investment funds (AIFs) and partnership firms. Out of the 34,079 entities which responded in the latest census round, 30,754 reported foreign

Today, the Reserve Bank released the data1 relating to financial performance of foreign direct investment (FDI) companies in India during the financial years 2019-20 and 2020-21 (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_46). The analysis is based on audited annual accounts of 2,059 companies, accounting for 39.1 per cent of the total paid-up capital (PUC) of FDI companies that had reported in the 2020-21 round of the Reserve Bank’s annual census of for

Today, the Reserve Bank released the data relating to financial performance of non-government non-financial (NGNF) public limited companies during the financial years 2019-20 and 2020-21 (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_44). The analysis is based on audited annual accounts of 7,233 companies with total paid-up capital (PUC) of ₹5,40,493 crore of at end-March 20211. This analysis provides a comparative picture of the companies reporting in the

Today, the Reserve Bank released the data relating to financial performance of non-government non-financial (NGNF) private limited companies during the financial years 2019-20 and 2020-21 (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_45) The analysis is based on audited annual accounts of 9,086 companies with total paid-up capital (PUC) of ₹4,82,152 crore of at end-March 20211. This analysis provides a comparative picture of the companies reporting in the

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 94,267 Amount allotted (in ₹ crore) 50,001 Cut off Rate (%) 5.58 Weighted Average Rate (%) 5.59 Partial Allotment Percentage of bids received at cut off rate (%) 70.36 Rupambara Director (Communications) Press Release: 2022-2023/908

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 23, 2022. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under: (₹ crore) Security Notified Am