Business News – Newsletter for March 24, 2011

Thursday, March 24, 2011

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.77 and the Reference Rate for Euro is ` 63.06 on March 24, 2011. The corresponding rates for the previous day (March 23, 2011) were ` 44.96 and ` 63.68 respectively. Based on the Reference Rate for US … Read more >>.

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on March 24, 2011 are:

Amount (face value in ` crore)                      

Item

1 day Reverse Repo Auction
(Sale of securities by RBI)

1 day Repo Auction  … Read more »».

Money Market Operations as on March 23, 2011

…. Read the original article  : Money Market Operations as on March 23, 2011.

Second Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on March 23, 2011 are:

Amount (face value in ` crore)                          

Item

1 day Reverse Repo Auction
(Sale of securities by RBI)

1 day Repo Auction 
…. Source  : Gaea News Network.

Investment by FIIs/NRIs/PIOs under PIS : Karur Vysya Bank Ltd.

The Reserve Bank of India has today notified that the aggregate net purchases of equity shares in Karur Vysya Bank Ltd. by Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) have reached the trigger limit. Therefore, further purchases of equity shares in the … Read the original article on Gaea Times at : Investment by FIIs/NRIs/PIOs under PIS : Karur Vysya Bank Ltd..

91 days Treasury Bills : Auction Result

Date of Auction : March 23, 2011

I.

Notified Amount

` 5000.00 crore

II.

Underwriting notified amount

N.A.

III.

Competitive Bids received

 

(i)

Number

98

(ii)

Amount

` 10382.58 crore

IV.

Cut-off price

` 98.21 (YTM is 7.3105%)

V.

Competitive bids accepted

 

 

(i)

Number

75

 

(ii)

Amount

` 5000.00 crore

VI.

Partial Allotment Percentage of Competitive Bids

26.77 (20 Bids)

VII.

Weighted Average Price

` 98.22

VIII.

Non-competitive bids …. Original article on Gaea Times at  : 91 days Treasury Bills : Auction Result.

364 days Treasury Bills : Auction Result

Date of Auction : March 23, 2011

I.

Notified Amount

` 3000.00 crore

II.

Underwriting notified amount

N.A.

III.

Competitive Bids received

 

(i)

Number

94

(ii)

Amount

` 10703.15 crore

IV.

Cut-off price

` 92.92 (YTM is 7.6404%)

V.

Competitive bids accepted

 

(i)

Number

20

(ii)

Amount

` 3000.00 crore

VI.

Partial Allotment Percentage of Competitive Bids

87.27 (7 Bids)

VII.

Weighted … Read : 364 days Treasury Bills : Auction Result.

Scheduled Banks’ Statement of Position in India as on Friday, March 11, 2011

(Amount in  Rupees crore)

 

 

Scheduled Commercial Banks (SCBs)
(including RRBs)

All Scheduled Banks

 

 

12.03.2010

25.02.2011

*

11.03.2011

*

12.03.2010

25.02.2011

*

11.03.2011

*

 I

Liabilities to the Banking System (A)

 
 
 
 
 
 
 
 
 

 

 

a) Demand & time deposits from banks

59741.23

70964.58

 

70412.21

 

62071.06

73691.67

 

73138.18

**

 

b) Borrowings from banks

22757.66

26351.59

 

24243.33

 

22816.77

26535.54

 

24471.88

 

 

c) Other demand & time liabilities

6019.81

7099.07

 

7167.23

 

6021.70

7103.05

 

7171.74

 

II

Liabilities …. Read the original article  : Scheduled Banks’ Statement of Position in India as on Friday, March 11, 2011.

The Uttarsanda People Co-operative Bank Limited, Uttarsanda, Dist. Kheda ??? Penalised

The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Uttarsands People Co-operative Bank Limited, Uttarsanda, Dist. Kheda, Gujarat, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation … Original article on : The Uttarsanda People Co-operative Bank Limited, Uttarsanda, Dist. Kheda ??? Penalised.

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