Category: Reserve Bank Of India

Money Market Operations as on July 29, 2019

(Amount in ₹ billion, Rate in Per cent) MONEY MARKETS @       Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 1,934.35 5.54 3.99-6.45      I. Call Money 115.74 5.60 4.40-5.75      II. Triparty Repo 1,368.39 5.56 5.50-5.78      III. Market Repo 449.97 5.45 3.99-5.78      IV. Repo in Corporate Bond 0.25 6.45 6.45-6.45 B.

Reserve Bank of India imposes monetary penalty on One Mobikwik Systems Private Limited and Hip Bar Private Limited

In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has imposed monetary penalty on the following Prepaid Payment Instrument (PPI) issuers for non-compliance of regulatory guidelines. Sr. No. Name of the PPI Issuer Speaking Order dated Amount of Penalty (₹ lakh) 1. One

Result of the Overnight Variable Rate Reverse Repo Auction held on July 29, 2019

Tenor Overnight Notified Amount (in ₹ billion) 1000.00 Total amount of offers received (in ₹ billion) 825.64 Amount accepted (in ₹ billion) 825.64 Cut off Rate (%) 5.74 Weighted Average Rate (%) 5.73 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release : 2019-2020/270 from PRESS RELEASES

Result of the 7-day Variable Rate Reverse Repo Auction held on July 29, 2019

Tenor 7 day Notified Amount (in ₹ billion) 200.00 Total amount of offers received (in ₹ billion) 251.30 Amount accepted (in ₹ billion) 200.07 Cut off Rate (%) 5.74 Weighted Average Rate (%) 5.74 Partial Acceptance Percentage of offers received at cut off rate 77.13 Ajit Prasad Director (Communications) Press Release : 2019-2020/268 from PRESS

Reserve Bank of India imposes monetary penalty on Swarna Bharathi Sahakara Bank Niyamitha, Bengaluru

The Reserve Bank of India (RBI) has imposed, by order dated July 25, 2019, monetary penalty of ₹ 10 lakh on Swarna Bharathi Sahakara Bank Niyamitha, Bengaluru (the bank) for non-compliance with directions issued by RBI on ‘collection of third party account payee cheques’. The penalty has been imposed in exercise of powers vested in
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