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 Office: Exchange Square, Suren Road, Chakala, Andheri (East), Mumbai 400 093 Tel: (91 22) 6731 8888; Fax: (91 22) 6649 4151; E-mail: mcxofs@mcxindia.com; Website: www.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 16^th 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

Email: mailmanager@karvy.com

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 Square, Suren Road, Chakala, Andheri (East), Mumbai 400 093 Tel: (91 22) 6731 8888; Fax: (91 22) 6649 4151; E-mail: mcxofs@mcxindia.com; Website: www.mcxindia.com
b) At the Exchange: Pavan V. Naik DM-Dept. of Corp Services	Tel.: (91) 022 22728899

Happy Holi

HAPPY HOLI

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