The Advisory Group on Bankruptcy Laws has recommended, inter alia, passing of a new legislation on a comprehensive bankruptcy code, and introduction of a professional bankruptcy institution known as the 'Trustee', repeal of Sick Industrial Company (Special Provisions) Act and abolition of BIFR. The report also has dealt with an effective trigger point for the operation of the bankruptcy code, special provisions for banks and financial institutions, cross-border bankru

The results of the RBI Repo/Reverse Repo auctions held on May 17, 2001 are :ItemRepo 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 (Face value in Rs. crore) 3 3000 25 30152. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) NA NA NA 21 2895 8.753. Weighted average Cut-off Rate (per

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 May 18, 2001 (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 10.30 a.m.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings15299.008656.00023955.00Lendings14705.002259.004600.0021564.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.718.88 (b) Range of rates7.25-9.205.48-9.752 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings11.0010.10-11.003. Standing Liquidity Facility Availed from RBI $ Amount (outstand

The results of the RBI Repo/Reverse Repo auctions held on May 16, 2001 are :ItemRepo 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 (Face value in Rs. crore) Nil Nil 0 7352. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) NA NA NA 4 585 8.753. Weighted average Cut-off Rate (per cen

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 May 17, 2001 (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 10.30 a.m.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14493.008347.00022840.00Lendings13499.002184.005025.0020708.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.868.88 (b) Range of rates7.25-9.256.80-9.502 Term Money Market*Volume(Turnover)Range of RatesBorrowings403.009.00-10.00Lendings410.009.00-10.203. Standing Liquidity Facility Availed from RBI $ Am

The results of the RBI Repo/Reverse Repo auctions held on May 15, 2001 are :ItemRepo 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 (Face value in Rs. crore) 1 4000 7 6402. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) NA NA NA 6 620 8.753. Weighted average Cut-off Rate (per cent

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 May 16, 2001 (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 10.30 a.m.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings7646.001190.0008836.00Lendings4358.00586.001679.006623.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.798.88 (b) Range of rates7.00-9.407.90-9.502 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outstanding)Rate of Interes