Government securities auction using uniform price method with reserved non competitive allotment and electronic bidding timetable.
Sale (re issue) of multiple government stocks will be conducted through price based auctions using the uniform price method, with up to five percent of each issue allotted under a Non Competitive Bidding Facility and the balance open to competitive bids. Both bid types must be submitted electronically on the designated electronic bidding platform within specified time windows; auction results and payment/settlement dates are scheduled, and the stocks are eligible for when issued trading under existing guidelines.

Deposit and credit growth slowdown in scheduled commercial banks signals increased concentration and varied bank group C D ratios.
Release of Quarterly Statistics on Deposits and Credit for scheduled commercial banks as of June 28, 2013, based on BSR 7 returns. The publication records a year on year deceleration in aggregate deposits and gross bank credit to 13.5% and 13.2% respectively, with slower growth across all population groups. It shows significant geographic and office size concentration of deposits and credit, reports bank group shares in aggregate deposits and credit, and states the all India credit deposit ratio of scheduled commercial banks at 76.5%, with foreign banks, new private sector banks and the State Bank group exhibiting higher ratios than the national average.

Reference Rate updated for US dollar and euro; derived cross currency exchange rates and SDR rupee linkage clarified.
Publication sets the Reference Rate for the US dollar and euro on October 14, 2013, records the prior day's rates, and-using the dollar reference rate with middle cross currency quotes-provides derived rupee exchange rates for the pound sterling and the yen; the SDR rupee conversion is to be based on the published reference rate.

IMF Surveillance must better forecast spillovers and guide orderly exit from unconventional monetary policies to protect emerging markets.
The intervention warns that unwinding unconventional monetary policies poses significant cross border spillovers and urges advanced economy central banks to minimise disruption, while EMEs should strengthen fundamentals, build reserves and prepare contingency plans. It describes India's measures for fiscal consolidation, current account containment and inflation control, questions rapid downward revisions in IMF growth projections for India, critiques the IMF's surveillance for insufficient foresight regarding exit impacts, and calls for a detailed Fund study on unwinding plus immediate completion of quota and governance reforms.

Factoring services as a legal framework to improve SME liquidity and formalise assignment of receivables for financing access.
The address outlines India's macroeconomic challenges and reform priorities, the multi tiered banking structure with public sector predominance and RBI proposals to expand and diversify banking licences, and MSME financing constraints addressed through collateral free lending, outreach roadmaps, rehabilitation guidelines and equity access initiatives. It explains factoring as a liquidity and services solution for SMEs, summarises the Factoring Act and RBI's NBFC Factor regulation, and notes remaining needs for credit insurance, SARFAESI extension to NBFCs, greater market penetration and industry capacity building.

Reference Rate publication for foreign currencies establishes operative rupee rates and cross-currency-derived exchange rates for market use.
The Reserve Bank of India issued official foreign exchange reference rates for the rupee, publishing the US dollar and Euro reference rates and the prior day's figures. Based on the US dollar reference rate and cross-currency middle rates, the RBI provided derived rupee exchange rates for the British pound and the Japanese yen. The announcement states that the SDR-Rupee rate will be based on the published reference rate and identifies the issuing official for the release.

Reference rate announcement: central bank sets USD and Euro reference rates, guiding derived GBP and JPY conversions.
Announcement of published reference exchange rates by the central bank for major currencies. The Reserve Bank of India set the Reference Rate for the US dollar and the Reference Rate for the Euro for October 10, 2013, disclosed the prior day's rates, and, using the US dollar reference and middle cross currency rates, provided derived pound sterling and Japanese yen rates; the SDR Rupee rate is to be based on the published reference rate.

Mobile banking technical review examining encrypted SMS and USSD adoption, seeking public input to shape a national implementation roadmap.
Constitution of a Technical Committee to examine expansion of mobile banking, assessing feasibility of encrypted SMS-based funds transfer and handset-agnostic applications; study operational and technical challenges for banks, evaluate USSD channel adoption and a single-application approach in an encrypted SMS environment, explore other nationwide solutions, and draw up an implementation road map; Committee composition includes senior industry and payments specialists and public submissions are invited for consideration.

Reference rate publication updates daily foreign exchange benchmarks for market affecting cross currency conversions and SDR rupee valuation.
The Reserve Bank of India published the Reference Rate for the US dollar and the Euro on October 9, 2013, publishing current and prior day figures to serve as the official daily benchmarks for rupee valuation. Using the US dollar reference and cross currency middle rates, corresponding rupee rates for the British pound and Japanese yen were provided. The release states that the SDR Rupee rate will be based on the announced reference rate, linking SDR valuation to the RBI's daily benchmark.

Failure to produce statutory records resulted in regulatory enforcement and a monetary sanction after show cause proceedings.
The Reserve Bank of India imposed a monetary penalty on Rajputana Mahila Urban Co-operative Bank Ltd., Jaipur, for failing to furnish required records and supporting vouchers, contravening Section 35(2) of the Banking Regulation Act, 1949 (as applicable to co-operative societies); the penalty was imposed under Section 47A(1)(b) read with Section 46(4) after issuance of a show cause notice and consideration of the bank's written reply.

Banking licence cancellation bars the named cooperative bank from carrying on banking business, including accepting or repaying deposits.
Cancellation of the banking licence of Kokan Prant Sahakari Bank Ltd by regulatory order removes the bank's authority to conduct banking business under the Banking Regulation Act as applied to cooperative societies and precludes it from accepting or repaying deposits with immediate effect.

Reference Rate published for major currencies, setting rupee exchange benchmarks and derived cross currency rates.
The Reserve Bank of India announced reference rates for the US dollar and Euro for October 8, 2013, with prior day comparisons; using the US dollar reference rate and middle cross currency quotes it derived rupee exchange rates for the British pound and Japanese yen; the SDR Rupee rate will be based on the published reference rate.

Government securities auction: uniform-price sale with competitive and non-competitive bidding procedures.
Sale of four dated central government securities is announced to be conducted by the Reserve Bank of India using the Uniform Price Method, with electronic bid submission on the RBI Core Banking Solution (E-Kuber). Competitive and timed non-competitive bids are required, with up to five percent of each notified amount reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Stocks will be eligible for ready forward transactions and for "When Issued" trading; underwriting and liquidity support follow the Revised Scheme for Primary Dealers with ACU underwriting bids submitted on E-Kuber within the prescribed window.

Liquidity normalization measures: central bank reduces emergency lending rate and introduces weekly term repos to inject targeted short term funds.
Reserve Bank reduces the marginal standing facility rate and conducts open market purchases; it will also provide additional liquidity through scheduled 7 day and 14 day term repos via variable rate auctions on Fridays for a notified amount linked to banks' net demand and time liabilities, with tenor and amounts announced in advance and detailed guidelines to follow.

Reference rate updates determine exchange conversions and cross currency quotations, affecting rupee rates for major currencies.
Reference Rate publication sets the RBI's official rupee benchmarks for specified foreign currencies, stating the day's reference values for the US dollar and the Euro and comparing them with the preceding business day. Using the published Reference Rate for the US dollar and middle rates of cross currency quotations, the Bank derives exchange rates for other currencies such as the pound sterling and the Japanese yen. The SDR Rupee rate is specified to be based on the published reference rate.

Stakeholder consultation invited for Committee on comprehensive financial services to enhance access for small businesses and low-income households.
The Reserve Bank's Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households has invited written suggestions from stakeholders by email to inform measures for expanding financial services access. The Committee is chaired by Dr. Nachiket Mor, includes members from the formal financial sector and organisations developing new delivery models in rural and urban areas, and is administratively supported by a Member Secretary from the RBI's Rural Planning & Credit Department.

New bank licensing committee formed to advise on licensing criteria and a task force to enable electronic state payments.
The Central Board affirmed its governance role and announced a committee to advise on new bank licensing criteria and frameworks and a task force to facilitate electronic state government payments in Chhattisgarh. The Board reviewed state banking issues including banking density, Business Correspondent model performance, priority sector lending and the credit deposit ratio to strengthen access and payment infrastructure.

Financial education and inclusion empower consumers to use formal financial services responsibly and enhance consumer protection.
Financial education is the primary means to achieve financial inclusion and consumer protection by reducing information asymmetries and building consumers' knowledge, skills and attitudes to manage savings, borrowing, insurance and investment. The National Strategy for Financial Education and an apex coordinating framework standardize simple core messages, deploy Financial Literacy Centres and camps with a three stage model (awareness, account opening, monitoring) and seek broad stakeholder engagement. Banks and providers must design appropriate, transparent products and support consumer understanding, while grievance mechanisms like the Banking Ombudsman complement educational measures.

Reference Rate: Central bank published foreign exchange reference rates and cross currency derived pound and yen rates.
The Reserve Bank of India published the Reference Rate for the US dollar and the euro on October 4, 2013, and noted the previous day's rates for comparison. Using the US dollar reference rate and middle cross currency quotes, it supplied derived rupee rates for the pound sterling and the Japanese yen on the stated dates and specified that the SDR Rupee rate will be based on the reference rate.

Capital infusion into public sector banks to support lower-rate lending and stimulate demand in targeted sectors.
The Government decided in principle to increase the planned capital infusion into public sector banks so they can extend lower-rate lending to borrowers in selected sectors, aiming to stimulate demand and support capacity addition, employment and production; the move follows discussions between the Reserve Bank Governor and the Finance Minister and responds to uneven sectoral credit growth despite overall credit expansion.