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RBI Press Release

Result of the Overnight Variable Rate Repo (VRR) auction held on February 29, 2024

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  • Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Irinjalakuda Town Co-operative Bank Ltd., Kerala – Extension of period
  • RBI approves the voluntary amalgamation of The Mattancherry Mahajanik Co-operative Urban Bank Ltd, Cochin, Kerala with The Peoples’ Urban Co-operative Bank Ltd., Tripunithura, Kerala

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Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 43,210 Amount allotted (in ₹ crore) 25,002 Cut off Rate (%) 6.64 Weighted Average Rate (%) 6.66 Partial Allotment Percentage of bids received at cut off rate (%) 43.71

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/1965

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RBI imposes monetary penalty on Adarsh Mahila Co-operative Bank Limited, Muzaffarnagar, Uttar Pradesh
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Ajantha Urban Co-operative Bank Maryadit, Aurangabad, Maharashtra – Extension of Period
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  • C J Bharucha & Co
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    • Reserve Bank of India (RBI)
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