Business News – Newsletter for March 14, 2011
Monday, March 14, 2011
The Jai Bhavani Sahakari Bank Limited, Pune ??? Penalised
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Jai Bhavani Sahakari Bank Limited, Pune, 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 violation … Read more : The Jai Bhavani Sahakari Bank Limited, Pune ??? Penalised.
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 45.15 and the Reference Rate for Euro is ` 62.95 on March 14, 2011. The corresponding rates for the previous day (March 11, 2011) were ` 45.21 and ` 62.43 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 14, 2011 are:
Amount (face value in ` crore)
Item
1 day Reverse Repo Auction
(Sale of securities by RBI)
1 day Repo Auction
… Read more >>>.