The following eight State Governments have announced the sale of their 10-year State Development Loans (SDLs) for an aggregate amount of Rs. 6237.500 crore (face value) through yield based auction using multiple price auction method.
The result of the RBI Reverse Repo auction held today is as under:
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on the The Mehsana Nagarik Sahakari Bank Ltd., Mehsana (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 (As applicable to Co-operative Societies), for violation of Reserve Bank of India's instructions relating to Anti Money Laundering (AML) guidelines.
In the auctions conducted on November 3, 2011 for Additional Competitive Underwriting (ACU) of the captioned securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
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