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.