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Results of Underwriting Auctions Conducted on April 30, 2021

Apr 30, 2021

In the underwriting auctions conducted on April 30, 2021 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: (₹ crore) Nomenclature of the Security Notified Amount Minimum…

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The…

Apr 30, 2021

The Reserve Bank of India vide directive DCBS.CO.BSD-I/D-3/12.22.163/2018-19 dated October 26, 2018 had placed The Needs of Life Co-operative Bank Ltd, Mumbai under Directions from the close of business on October 29, 2018 for a period of…

Business

RBI joins Network for Greening the Financial System

Apr 30, 2021

The Reserve Bank of India (RBI) has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a Member on April 23, 2021. Launched at the Paris One Planet Summit on December 12, 2017, the NGFS is a…

Business

RBI imposes monetary penalty on The Yavatmal Urban Cooperative Bank Limited, Yavatmal, Maharashtra

Apr 30, 2021

The Reserve Bank of India (RBl) has imposed, by an order dated April 29, 2021, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on The Yavatmal Urban Cooperative Bank Limited, Yavatmal, Maharashtra (the bank) for contravention of/…

Business

Underwriting Auction for sale of Government Securities for ₹26,000 cr on April 30, 2021

Apr 30, 2021

Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on April 30 2021. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum…

Business

Atmanirbhar since 90’s: 6 Indian brands than have an inspiring story to tell

Apr 30, 2021

Starting a business can be an incredibly exciting and rewarding venture, but it isn't easy. Many small businesses don't make it past their first few years, so to increase your chances of success you have to be strategic from the very…

Business

Hero MotoCorp donates oxygen cylinders to hospitals in Delhi & Haryana

Apr 29, 2021

In keeping with its commitment towards the COVID-19 relief efforts, Hero MotoCorp Ltd, the world's largest manufacturer of motorcycles and scooters, has rapidly expanded its initiatives across the country. Under the Company’s Corporate…

Business

RBI launches the May 2021 round of the Inflation Expectations Survey of Households

Apr 29, 2021

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The May 2021 round of the survey is now being launched. The survey aims at capturing subjective assessments on price movements and…

Business

Vivo India donates INR 2 Crores to address Oxygen shortage in the country

Apr 29, 2021

New Delhi, April 27, 2021: In response to the devastating health crisis that the country is facing presently, Vivo, the innovative global smartphone brand today, announces donation worth INR 2 crores to aid COVID-19 relief efforts and help…

Business

Committee on Asset Reconstruction Companies invites views and suggestions from stakeholders

Apr 29, 2021

As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on April 7, 2021, the Reserve Bank of India had announced setting up of a Committee to undertake a comprehensive review of…

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