Friday, March 09, 2012

RBI CUTS CRR


http://www.rbi.org.in/home.aspx

http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=26097

http://in.reuters.com/article/2012/03/09/india-rbi-crr-idINDEE82809520120309
How it works on bonds and long/short term

Monetary/Liquidity Measures
It has been decided to:
  • reduce the cash reserve ratio (CRR) of scheduled banks by 75 basis points from 5.5 per cent to
  • 4.75 per cent of their net demand and time liabilities (NDTL) effective the fortnight beginning
  • March 10, 2012.
This reduction will inject around `480 billion of primary liquidity into the banking system.


In order to mitigate tight liquidity conditions, the cash reserve ratio was reduced by 50 basis points in the
Third Quarter Review (TQR) of January 2012, injecting primary liquidity of `315 billion into the banking system.
The Reserve Bank also continued with the open market operations (OMOs), injecting primary liquidity of
over `1,245 billion this financial year so far, of which `528 billion was injected after the TQR.

Despite these measures, the liquidity deficit has remained large on account of both structural and frictional
factors. This was reflected in the net average borrowing under the Reserve Bank's liquidity adjustment
facility (LAF) rising from an average of `1,292 billion in January 2012 to `1,405 billion in February. Net injection
of liquidity through LAF rose to a peak of `1,917 billion on March 1, 2012, though subsequently it declined
to `1,273 billion on March 7, 2012.

Further, the liquidity deficit is expected to increase significantly during the second week of March due to
advance tax outflows and the usual frontloading of cash balances by banks with the Reserve Bank. Thus,
the overall deficit in the system persists above the comfort level of the Reserve Bank. Accordingly, it has
been decided to inject permanent primary liquidity into the system by reducing the CRR so as to ensure
smooth flow of credit to productive sectors of the economy.

As already announced, the Reserve Bank will provide its assessment of the macroeconomic situation

 in its Mid-Quarter Review to be published on March 15, 2012.

Press Release : 2011-2012/1441 


MCX Details of Listing and Allotment


           
Name of the company
Securities

Market Lot

Scrip Code

Multi Commodity Exchange of India Limited
5,09,98,369 equity shares of  Rs. 10/- each fully paid up

Distinctive Nos.:
1 to 50998369


One Share


534091
Registered OfficeExchange SquareSuren Road, Chakala, Andheri (East), Mumbai 400 093
Tel: (91 22) 6731 8888;
Fax: (91 22) 6649 4151;
Websitewww.mcxindia.com
Abbreviated Name on BOLT System



MCX LTD
Scrip ID on BOLT System



MCX
ISIN No.




INE745G01035
Issue Price:

Rs. 1032/- per share
(Face Value of Rs.10/- and premium of Rs.1022/-)
Date of Allotment in the public issue:

March 07, 2012


a)   Trading Members may note that as per the guidelines issued by SEBI dated 16th February, 2000, securities of the company will only be traded in Dematerialised form. Trades effected in this scrip will be in unit market lot (i.e. one share).

b)Further the trading members may please note that the above mentioned scrip will be part of the Pre-open Session for IPOs & Relisted Scrips as per the provisions of the SEBI circular no. CIR/MRD/DP/02/2012 issued on January 20, 2012. For further information about the functionality of Pre-open session, trading members are requested to refer to the Exchange’s notice no.20120216-29 dated February 16, 2012 on Enabling Special Pre-open Session for IPOs & Relisted Scrips.

c)    Trading Members may note that the shares bearing the distinctive numbers, the details of which are attached as Annexure I, are not transferable till the date(s) mentioned against them and would not be a good delivery in the market till then. The company has informed the Exchange that in respect of shares in physical form, the respective share certificates have been enfaced with their non-transferability. The company has informed the Exchange that in respect of shares in demat form, necessary corporate action has been executed to have the lock-in period marked in the depository’s records.


d)       A copy of shareholding pattern submitted by the company is enclosed as Annexure II.

e)        The company’s financial year ending is March 31.

f)         All shares are ranking pari-passu including dividend entitlement.


g)  The Registrar to the issue as mentioned in the prospectus is given below:

Karvy Computershare Private Limited
Plot Nos. 17 – 24
Vittal Rao Nagar, Madhapur,
Hyderabad 500 081
Toll Free No.: 1-800-3454001
Tel: (91 40) 4465 5000
Fax: (91 40) 2343 1551
Contact Person: M. Murali Krishna
      
h) In case members require any clarifications on the subject matter of this notice, they may please contact any of the following:


a) At the company:

P. Ramanathan,
Company Secretary and
Chief Compliance Officer
Registered Office of the Company:
Exchange SquareSuren Road,
Chakala, Andheri (East), Mumbai 400 093

Tel: (91 22) 6731 8888;
Fax: (91 22) 6649 4151;
Websitewww.mcxindia.com
b) At the Exchange:
Pavan V. Naik
DM-Dept. of Corp Services  

Tel.: (91) 022 22728899





Thursday, March 08, 2012

Happy Holi


HAPPY HOLI

Monday, March 05, 2012

BSE Name change



Sr.
No
Scrip Code
Existing Name
New Name
Scrip ID for BOLT System
Abbreviated name on BOLT System
1.
522275
Areva T & D India Limited
Alstom T & D India Limited
ALSTOMT&D
ALSTOMT&D