In response to a question from media persons on the sidelines of the Sixth Annual Seminar on Mutual Fund Industry, Dr. Bimal Jalan, Governor, Reserve Bank of India confirmed that "The mid-term review of the Monetary and Credit Policy, will be an absolutely routine exercise." He further added that the policy will review the developments in the economy and financial markets, including the forex market, since April. "No change in Bank Rate or Cash Reserve Ratio(CRR) is b

The results of the RBI Repo/Reverse Repo auctions held on October 5, 2000 are :(Amount in face value in Rs. crore)Item Repo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1.Applications received for one day repo period:(i) Number (ii) Amount 17 4665 Nil NA2.Applications accepted for one day repo period:(i) Number (ii) Amount (iii) Cut-off Rate (per cent) 15 2140 9.25 Nil NA NA3.Applications received for five day repo period:(i)

The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced three-day repo auction and reverse repo auction in Government of India dated securities and treasury bills of all maturities of 91, 182 and 364 day Treasury Bills on October 6, 2000 (Friday) for scheduled commercial banks and Primary Dealers holding SGL Account and Current Account with it at Mumbai. The eligible banks/institutions may submit separate applications before 11.00 a.

In addition to regular auctions under the Scheme of Liquidity Adjustment Facility, Reserve Bank of India has announced a five-day repo auctions in Government of India dated securities and Treasury Bills of all maturities of 91, 182 and 364 day Treausry Bills on October 6, 2000 (Friday) for scheduled commercial banks and Primary Dealers holding SGL Account and Current Account with it at Mumbai. The eligible banks/institutions may submit separate applications in the sam

The results of the RBI Repo/Reverse Repo auctions held on October 4, 2000 are :(Amount in face value in Rs. crore)Item Repo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1.Applications received for one day repo period:(i) Number (ii) Amount 14 4355 Nil NA2.Applications accepted for one day repo period:(i) Number (ii) Amount (iii) Cut-off Rate (per cent) 14 4355 9.50 Nil NA NA3.Applications received for five day repo period:(i)

The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced one day repo auction and reverse repo auction in Government of India dated securities and treasury bills of all maturities of 91, 182 and 364 day Treasury Bills on October 5, 2000 (Thursday) for scheduled commercial banks and Primary Dealers holding SGL Account and Current Account with it at Mumbai.The eligible banks/institutions may submit separate applications before 11.00 a.m

In addition to regular auctions under the Scheme of Liquidity Adjustment Facility, Reserve Bank of India has announced a five-day repo auctions in Government of India dated securities and Treasury Bills of all maturities of 91, 182 and 364 day Treausry Bills on October 5, 2000 (Thursday) for scheduled commercial banks and Primary Dealers holding SGL Account and Current Account with it at Mumbai. The eligible banks/institutions may submit separate applications in the s

The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced one day repo auction and reverse repo auction in Government of India dated securities and treasury bills of all maturities of 91, 182 and 364 day Treasury Bills on October 4, 2000 (Wednesday) for scheduled commercial banks and Primary Dealers holding SGL Account and Current Account with it at Mumbai.The eligible banks/institutions may submit separate applications before 11.00 a.

In addition to regular auctions under the Scheme of Liquidity Adjustment Facility, Reserve Bank of India has announced a five-day repos auctions in Government of India dated securities and Treasury Bills of all maturities of 91, 182 and 364 day Treausry Bills on October 4, 2000 (Wednesday) for scheduled commercial banks and Primary Dealers holding SGL Account and Current Account with it at Mumbai.The eligible banks/institutions may submit separate applications in the

The results of the RBI Repo/Reverse Repo auctions held on October 3, 2000 are: (Amount in face value in Rs. crore) Item Repo Auction (Sale of securities by RBI) Reverse Repo Auction (Purchase of securities by RBI) 1.Applications received for one day repo period: (i) Number (ii) Amount   17 2960   Nil NA 2.Applications accepted for one day repo period: (i) Number (ii) Amount (iii) Cut-off Rate (per cent)   12 2505 9.75   Nil NA NA 3.Applications rec

In addition to regular auctions under the Scheme of Liquidity Adjustment Facility, Reserve Bank of India has announced a three-day repos auctions in Government of India dated securities and Treasury Bills of all maturities of 91, 182 and 364 day Treausry Bills on October 3, 2000 (Tuesday) for scheduled commercial banks and Primary Dealers holding SGL Account and Current Account with it at Mumbai.The eligible banks/institutions may submit separate applications in the s

The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced one day repo auction and reverse repo auction in Government of India dated securities and treasury bills of all maturities of 91, 182 and 364 day Treasury Bills on October 3, 2000 (Tuesday) for scheduled commercial banks and Primary Dealers holding SGL Account and Current Account with it at Mumbai.The eligible banks/institutions may submit separate applications before 11.00 a.m.

The results of the RBI Repo/Reverse Repo auctions held on September 29, 2000 are :(Amount in face value in Rs. crore)Item Repo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1.Applications received for four day repo period:(i) Number (ii) Amount 5 1780 Nil NA2.Applications accepted for four day repo period:(i) Number (ii) Amount (iii) Cut-off Rate (per cent) 5 1780 10.00 Nil NA NA3.Applications received for six day repo period:(

Dr. Bimal Jalan, Governor, Reserve Bank of India will meet the Chief Executives of major scheduled commercial banks for a Mid-term Review of Monetary and Credit Policy for the year 2000-2001 on Tuesday, October 10, 2000.Alpana Killawala General ManagerPress Release : 2000-2001/489

Making bill finance available at interest rates lower than loan or cash credit, freedom to individual banks to lay down norms, abolition of stamp duty on bills of usance up to 182 days and exemption from stamp duty to financial institutions and registered non-banking finance companies are some of the recommendations of the Working Group on Discounting of Bills by Banks. The Working Group has also recommended allowing borrowers to discount bills drawn under letters of

The results of the RBI Repo/Reverse Repo auctions held on September 28, 2000 are :(Amount in face value in Rs. crore)Item Repo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1.Applications received for one day repo period:(i) Number (ii) Amount 2 35 NA2.Applications accepted for one day repo period:(i) Number (ii) Amount (iii) Cut-off Rate (per cent) Nil Nil NA NA3.Applications received for six day repo period:(i) Number (ii) Am

The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced four day repo and reverse repo auction in Government of India dated securities and treasury bills of all maturity except 14-day treasury bills on September 29, 2000 (Friday) for scheduled commercial banks and Primary Dealers holding SGL Account and Current Account with it at Mumbai.The eligible banks/institutions may submit separate applications before 11.00 a.m. on September 29

In addition to regular auctions under the Scheme of Liquidity Adjustment Facility (LAF), Reserve Bank of India has announced a six-day repos auction in Government of India dated securities and Treasury Bills of all maturities (except 14-day Treasury Bills) on September 29, 2000 (Friday) for scheduled commercial banks and Primary Dealers holding SGL Account and Current Account with it at Mumbai. The eligible banks/institutions may submit separate applications in the sa

The results of the RBI Repo/Reverse Repo auctions held on September 27, 2000 are :(Amount in face value in Rs. crore)Item Repo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1.Applications received for one day repo period:(i) Number (ii) Amount 8 500 Nil NA2.Applications accepted for one day repo period:(i) Number (ii) Amount (iii) Cut-off Rate (per cent) 7 490 10.00 Nil NA NA3.Applications received for six day repo period:(i) N

The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced one day repo and reverse repo auction in Government of India dated securities and treasury bills of all maturity except 14-day treasury bills on September 28, 2000 (Thursday) for scheduled commercial banks and Primary Dealers holding SGL Account and Current Account with it at Mumbai.The eligible banks/institutions may submit separate applications before 11.00 a.m. on September 2