Business News – Newsletter for March 5, 2011
Saturday, March 5, 2011
Sub-Committee of the Financial Stability Development Council meets today
The first meeting of the Sub-Committee of the Financial Stability Development Council (FSDC) was held today in the Reserve Bank of India, New Delhi. Dr. D. Subbarao, Governor, Reserve Bank of India chaired the meeting. The list of members of the Sub-Committee who participated in the meeting are :
364-day Treasury Bills auction: Rs.3,000 crore under regular auction
The Reserve Bank of India has announced the auction of 364-day Government of India Treasury Bills for notified amount of Rs.3,000 crore. The auction will be conducted on March 9, 2011 using "Multiple Price Auction" method. The allocation to the non-competitive bidders will be outside the notified amount at the discretion …. Read the original article : 364-day Treasury Bills auction: Rs.3,000 crore under regular auction.
91-day Treasury Bills auction: Rs.5,000 crore under regular auction
The Reserve Bank of India has announced the auction of 91-day Government of India Treasury Bills for notified amount of Rs.5,000 crore. The auction will be conducted on March 9, 2011 using "Multiple Price Auction" method. The allocation to the non-competitive bidders will be outside the notified amount at the discretion … Read more : 91-day Treasury Bills auction: Rs.5,000 crore under regular auction.
Investment by FIIs/NRIs/PIOs under PIS : M/s. Compuage Infocom Limited
The Reserve Bank of India has today notified that M/s. Compuage Infocom Limited has agreed to enhance the limit for the purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Person of Indian Origin (PIOs), through the primary market and stock exchanges, under the portfolio investment …. Source article on Gaea Times at : Investment by FIIs/NRIs/PIOs under PIS : M/s. Compuage Infocom Limited.
Second Liquidity Adjustment Facility : Auction Results
The results of the RBI Repo/Reverse Repo auctions held on March 4, 2011 are:
Amount (face value in ` crore)
Item
3 days Reverse Repo Auction
(Sale of securities by RBI)
3 days Repo Auction
… Read this article on Gaea Times at : Second Liquidity Adjustment Facility : Auction Results.
Madheshwari Urban Development Co-operative Bank Ltd., Madha, Maharashtra ??? Penalised
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on Madheshwari Urban Development Co-operative Bank Ltd., Madha, Maharashtra, 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 Act, 1949 (AACS) for … Read more »».
Reserve Bank of India ??? Bulletin Weekly Statistical Supplement ??? Extract
1. Reserve Bank of India – Liabilities and Assets
(` crore)
Item
2010
2011
Variation
Feb. 26
Feb. 18
Feb. 25#
Week
Year
1
2
3
4
5
6
Loans and advances
Central Government
—
—
—
—
—
State Governments
1,067
2,121
1,199
–922
133
2. Foreign Exchange Reserves
Variation over
Item
As on Feb. 25, 2011
Week
End-March 2010
End-December 2010
Year
`
…. Read the original article : Reserve Bank of India ??? Bulletin Weekly Statistical Supplement ??? Extract.
Sulaimani Co-operative Bank Limited, Vadodara, Dist. Vadodara ??? Penalised
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on Sulaimani Co-operative Bank Limited, Vadodara, Dist. Vadodara, 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 Act, 1949 (AACS) for …. Source : Sulaimani Co-operative Bank Limited, Vadodara, Dist. Vadodara ??? Penalised.
RBI releases Statistical Tables Relating to Banks in India 2009-10
The Reserve Bank of India today released the Statistical Tables Relating to Banks in India (www.rbi.org.in/scripts/AnnualPublications.aspx?head=Statistical Tables Relating to Banks of India&fromdate=03/03/2011&todate=03/05/2011) – an annual publication that provides key information on banks.
The publication covers bank-wise and bank group-wise information on major items, such as, liabilities and assets, income and …. Source article on Gaea Times at : RBI releases Statistical Tables Relating to Banks in India 2009-10.