The results of the RBI Repo/Reverse Repo auctions held on March 29, 2011 are:

The Results of the auctions of 10-year State Development Loans, 2021 for Two State Governments held on March 29, 2011.

The Reserve Bank of India and its offices in Mumbai and Navi Mumbai will function normally on April 01, 2011. The Government of Maharashtra has declared Friday, April 01, 2011 as a Bank Holiday under the Negotiable Instruments Act, 1881, to facilitate annual closing of banks’ accounts. Commercial banks will remain closed for public transactions on that day.

The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Sathamba People's Co-operative Bank Ltd., Sathamba, District Sabarkantha, 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 Act, 1949 (AACS) for violation of Reserve Bank of India instructions on implementation of Know Your Customers (KYC)/Anti-Money Laundering (AML) guidelines and persistence of irregularities pointed out in previous inspection report of Reserve Bank of India.