Month: October 2021

Reserve Bank of India – Tenders

Tenders

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Reserve Bank of India invites online e-tenders for Design, fabrication and installation of “Storage Compactor Units” on different floors of Bank’s Main Office Building, Fort, Mumbai.

1. Online Tenders by e-tendering process are invited for above work at Bank’s Mumbai Regional Office at Mumbai. The e-tender is to be submitted through the website www.mstcecommerce.com. The work is estimated to cost Rs. 40 lakhs (Forty Lacs Only) and is to be completed within 90 days from the 10th day from the date of work order or handing over of the workplace, whichever is later.

2. Online Tenders will be available to view/download for all firms from 11:00 AM on October 22, 2021 but only those contractors who have minimum 5 years’ experience in the field of undertaking similar works of Design, fabrication and installation of “Storage Compactor Units” shall be eligible for participation in the tender

3. The contractor should have also executed successfully similar works on or after September 30, 2016 which individually costing as under:

(a) Three works each costing not less than 40% of Rs. 40 Lakh

OR

(b) Two works each costing not less than 50% of Rs. 40 Lakh

OR

(c) One work costing not less than 80% of Rs. 40 Lakh

AND

(d) Have a minimum yearly turnover of 100% of the Rs. 40 Lakh during the last 3 financial years

AND

(e) Have a service set up in Mumbai for rendering after sales service.

Only tenderers who qualify as above will be eligible to participate in the tender for the work.

The required documents evidencing compliance of all the above criteria (Pre-Qualification Papers) shall be submitted by the firm on or before November 12, 2021 by 05:00 PM at Fort Office Estate Cell.

4. The contractors shall also be required to furnish, at the time of submitting Pre-Qualification papers the following information in writing along with documents to satisfy the Bank about their eligibility for participating in the tendering process:

(a) Composition of the firm Full particulars (whether contractor is an individual or a partnership firm or a company etc.) of the composition of the firm of contractors in detail should be submitted along with the name(s) and address(es) of the partners, copy of the Articles of association/power of Attorney/any other relevant document
(b) Work experience and completion of similar works of specified Value during the specified period Copies of the detailed work orders for the qualifying works indicating date of award, value of awarded work, time given for completing the work, etc. and the corresponding completion certificates indicating actual date of completion and actual value of executed similar works should be enclosed in proof of the work experience.
    The details along with documentary evidence of previous experience if any, of carrying out works for the Reserve Bank of India at any centre should also be given.
(c) Creditworthiness of the contractor & their Turn over during the specified period Copies of the Income Tax Clearance Certificates/Income Tax Assessment orders along with the latest final accounts of the business of the contractor duly certified by a Chartered Accountant should be enclosed in proof of their creditworthiness and turnover for last three financial years.
(d) Name(s) and address(es) of the Bankers and their present contact executives Written information about the names and address of their bankers along with full details like names, postal addresses, e-mail IDs, telephone (landline and mobile) nos., fax nos. etc. of the contact executives (i.e. the persons who can be contacted at the office of their bankers by the Bank, in case it is so needed) should be furnished
(e) Details of bank accounts Full particulars of their bank accounts, like account no., type, when opened etc. should be given
(f) Name(s) and address(es) of the Clients and their present contact executives. Written information about the names and addresses of their clients along with full details, like names, postal addresses, e-mail IDs, telephone (landline and mobile) nos., fax nos. etc. of the contact executives (i.e. the persons who can be contacted at the office of their clients by the Bank in case it is so needed) should be furnished.
(g) Details of completed works The client-wise names of work(s), year(s) of execution of work(s), awarded and actual cost(s) of executed work(s), completion time stipulated in the contracts (s) and actual time taken to complete the work(s), names and full contact-details of the officers/authorities/departments under whom the work(s) was/were executed should be furnished.

5. In the event of intending tenderer’s failure to satisfy the Bank, the Bank reserves the right to refuse their participation/reject their tender.

6. Tender forms will be available for download on MSTC Website http://www.mstcecommerce.com from 11:00 AM on October 22, 2021. A pre-bid meeting of the eligible bidder (who meets the PQ criteria) will be held on November 22, 2021 at 11:00 AM in the Bank’s Office Building, Estate Cell, Fort Office, Mumbai

The Pre-Qualification papers super scribed as “Pre-Qualification documents for Design, fabrication and installation of “Storage Compactor Units” on different floors of Bank’s Main Office Building, Fort, Mumbai addressed by name to Shri. Ajay Michyari, Regional Director, Reserve Bank of India, shall be submitted to AGM (Admin) Estate Cell, Fort Office Mumbai latest by November 12, 2021 till 05:00 PM for Bank’s examination. Alternatively, the scanned copy of all the PQ document may be forwarded to mail id: abhayjoshi@rbi.org.in and anandmahadevan@rbi.org.in latest by November 12, 2021 till 05:00 PM. However, those firms who have forwarded the scanned copies through mail has to submit the original copies of PQ documents on or before November 22, 2021 by 11:00 AM.

7. An EMD of Rs 80,000/- (Rupees Eighty Thousand Only) shall be submitted by the eligible tenderer on or before December 2, 2021 by 02:00 PM in the form and manner as prescribed in the Part-I of the tender.

8. Tender in prescribed form shall be submitted in two parts in online mode latest by December 2, 2021 till 2.00PM. Part-I tender will contain an online undertaking towards acceptance of Bank’s standard technical and commercial conditions for the proposed work, tenderers’ covering letter (scanned copy to be uploaded) and Part-2 (Price bid) to be filled online.

9. Part I of the tenders will be opened on December 2, 2021 at 03:00 PM in the online mode. Part II of the online tender will be opened on subsequent date, with due intimation to the eligible tenderers.

10. The applicants /tenders have to submit in a sealed envelope /cover:

a) Client’s certificate as per format mentioned in the tender.

b) Banker’s certificate as per format mentioned in the tender.

The certificates should be addressed to Shri. Ajay Michyari, Regional Director, Reserve Bank of India, Estate Office, Fort Cell, 2nd Floor, Mumbai- 400 001 and shall be submitted on or before November 12, 2021 till 05:00 PM in a sealed envelope/cover to AGM (Admin), Estate Cell, Fort Office, Mumbai. The client’s certificate shall be accepted only when the same is signed by an official of the rank of Executive Engineer or equivalent in respect of a Government/Semi Government organization or a PSU. The client’s certificate issued by the private organizations shall also accompany Tax Deducted at Source (TDS) certificates. Applications/tenders received without the above certificates are liable for rejection. The Bank shall have the right to independently verify these certificates.

The Bank shall evaluate the said reports before evaluation of price bid of the tenderers. If any tenderer is not found to possess the required eligibility for participating in the tendering process at any point of time and/or his performance reports received from his clients and/or his bankers are found unsatisfactory, the Bank reserves the right to reject his offer even after opening of Part-I of the tender. The Bank is not bound to assign any reason for doing so.

11. The Bank is not bound to accept the lowest tender and reserves the right to accept either in full or in part any tender. The Bank also reserves the right to reject any or all the tenders without assigning any reason thereof.

SCHEDULE OF TENDER (SOT)

a. e-Tender no RBI/Mumbai/Estate/162/21-22/ET/221
b. Mode of Tender e-Procurement System
(Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi)
c. Date of NIT available to parties to download 22.10.2021 at 11:00 AM onwards
d. Pre-Bid meeting 11:00 AM on 22.11.2021 at 2nd Floor, Estate Cell, Fort Office, Mumbai 400001
e. Earnest Money Deposit ₹80,000/- (Rupees Eighty Thousand only) by NEFT/BG or in the form of DD on or before 2:00 PM on December 2, 2021.

The DD shall be submitted in sealed cover addressed by name to Shri Ajay Michyari, Regional Director, Main Office Building, Reserve Bank of India, Fort, Mumbai – 400001 so as to reach Estate Office, Second Floor, Main Office Building, Reserve Bank of India, Fort, Mumbai – 400001

NEFT Details
A/c No – 04861436206
IFSC CODE – RBIS0MBPA04
f. Last date of submission of EMD December 2, 2021 till 2.00 PM
g. Last date of submission of Pre-Qualification (PQ) papers 12.11.2021 till 5:00 PM
h. Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid at www.mstcecommerce.com/eprochome/rbi October 22, 2021 from 11:00 AM onwards
i. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid December 2, 2021 till 2.00 PM
j. Date & time of opening of Part-I (i.e. Techno-Commercial Bid)

Part II of the online tender will be opened on same day or subsequent date, which will be intimated to the tenderers in advance.

 December 2, 2021 at 3.00 PM

Shall be intimated to the eligible bidders subsequently
k. Transaction Fee Rs.2000/- plus GST @18%

To be paid through MSTC payment Gateway/ NEFT/RTGS in favour Of MSTC Ltd.

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This Small Cap Plastics Company Announces 2:1 Bonus Issue

Personal Finance

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Planning

oi-Roshni Agarwal

|

This company from the plastics industry during its announcement made today (October 22, 2021) announced and approved issuance of bonus shares in the proportion of 2 (Two) equity share of Rs. 10/- each for every 1 (One) Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the record date, subject to the approval of members and other approvals, consents, permissions, conditions and sanctions, as may be necessary.

This Small Cap Plastics Company Announces 2:1 Bonus Issue

This Small Cap Plastics Company Announces 2:1 Bonus Issue

Apollo Pipes in a BSE filing said that the the Board of Directors of the Company at its meeting held on October 22, 2021, inter alia, has considered and approved the following;

– Recommendation of issue of bonus equity Shares in the proportion of 2 (Two) equity share of Rs. 10/- each for every 1 (One) Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the record date, subject to the approval of members and other approvals, consents, permissions, conditions and sanctions, as may be necessary.

The company’s last trading price has been Rs. 1859.60 per share. The stock’s 1 year return has been at 353% while its year to date return has also been impressive at 162 percent.

The company’s peer companies are Nahar Poly Film, PPL, Sintex Plastics etc.

Apollo Pipes is a leading PVC pipe manufacturing company that is into offering pipes & fittings, or bathroom fittings or water storage solutions. The company has established presence in most of the sectors including Plumbing, Sanitation, Water Supply, Infrastructure, Agriculture Oil & Gas, and Construction.

Story first published: Friday, October 22, 2021, 21:20 [IST]



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RBI extends Basel-III Capital framework to AIFIs

Banking & Finance

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The Reserve Bank of India (RBI) decided to extend Basel-III Capital framework to All India Financial Institutions (AIFIs) such as Export-Import Bank of India (EXIM Bank), the National Bank for Agriculture and Rural Development (Nabard), National Housing Bank (NHB) and the Small Industries Development Bank of India (SIDBI).

Basel-III standards mainly seek to raise the quality and level of capital to ensure that financial entities are better able to absorb losses on both a going concern and a gone concern basis.

These standards also increase the risk coverage of the capital framework, introduce leverage ratio to serve as a backstop to the risk-based capital measure, raise the standards for the supervisory review process and public disclosures etc.

‘AIFIs are key institutions’

The RBI said as the Indian economy grows further, the AIFIs are increasingly being seen as key institutions to promote the flow of direct or indirect credit to the economic sectors they cater to.

As per the draft Master Direction on Prudential Regulation for AIFIs, AIFIs will implement all the three Pillars of Basel-III capital regulations – pillar 1 covering capital, risk coverage and containing leverage, pillar 2 covering risk management and supervision and pillar 3 covering market discipline.

The central bank wants AIFIs to achieve minimum total capital of 9 per cent and capital conservation buffer of 2.5 per cent, with the minimum total capital and CCB adding up to 11.5 per cent, by April 1, 2022.

For NHB, since the accounting year is July-June, the implementation shall commence on July 1, 2022.

Capital instruments already issued by the AIFIs which no longer qualify under Basel-III will be allowed to be counted as tier 1 or tier 2, as the case may be, as per the existing rules until their maturity or the first call date.

All capital instruments issued by AIFIs after these directions come into effect shall comply with the requirements set out in the Master Directions.

As investment of AIFIs in the regulatory capital instruments of other financial entities contributes to the inter-connectedness amongst the financial institutions and also amounts to double counting of capital in the financial system, the draft Master Direction prescribed stringent treatment of such investment in terms of deduction from respective tiers of regulatory capital.

The RBI has invited comments on the draft Directions from all the stakeholders by November 30, 2021.

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Reserve Bank of India – Tenders

Tenders

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The captioned meeting was held at 11:30 a.m. on October 11, 2021 in the Seminar Hall at RBSC, Chennai. The meeting was chaired by Shri R. Sathish, General Manager & Member of Faculty and the undernoted officers attended the meeting:

1) Smt. Nirmala Ananth Kumar, Assistant General Manager

2) Shri Godwin Justin, Assistant Manager (Estate Cell)

3) Smt. Haarika Reddy K., Assistant Manager (Tech – Civil)

Representatives from the following vendors attended the meeting:

1) M/s Methodex Systems Pvt. Ltd.

2) M/s Karthik Wood Industries

Clarifications on queries raised by prospective bidders in the meeting are furnished below:

Sl.No. Queries Raised Clarifications by RBSC
1. Are these customized wardrobes? Yes, these are to be built-into the available pre-cast open space. Sample of the wardrobes have been done and the same could be followed for the tender work also please refer to the line diagrams given in the tender document.
2. Should factory laminated plywood be used for the work or site execution is permitted? No deviation from the condition of factory laminated plywood is permitted. However, scope of wall panelling is permitted at site, whereas wardrobes must be made at the factory based on the sizes at site.

Further, batch test certificates from the manufacturers of plywood should be submitted. These certificates would, invariably, be verified by the College.

It should be ensured that plywood of approved make only be used and no commercial grade would be approved for the work.

Work needs to be carried out as per the indicated detailed specifications at Clause 7.5 – Technical Specification of work. Please refer to the specifications in the tender document.
3. Is Edge banding to be done only for the external exposed areas? None of the plywood members shall be left bare without laminate or edge tape. Tender document clearly specifies the conditions.

The meeting ended at 12:15 p.m.

Chief General Manager/ Principal
Reserve Bank Staff College
359, Anna Salai
Teynampet
Chennai – 600 018

October 22, 2021

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RBI needs to ensure nascent revival of economic activity shows signs of durability: Governor Shaktikanta Das

Banking & Finance

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Reserve Bank of India Governor Shaktikanta Das said the central bank needs to ensure that the nascent revival of economic activity shows signs of durability and sustainability. At the Monetary Policy Committee (MPC) meeting, held between October 6 and 8, 2021, Das referred to an ever evolving and dynamic environment, with the outlook overcast by several uncertainties including the fact that the pandemic is far from over.

“At this critical juncture, our actions have to be gradual, calibrated, well-timed and well-telegraphed to avoid any undue surprises,” the Governor said.

Professor Varma’s take

According to the Minutes of the MPC meeting released by the RBI on Friday, Jayanth R Varma (Professor, Indian Institute of Management, Ahmedabad) was the only MPC member who voted against the accommodative stance and was not in favour of the decision to keep the reverse repo rate at 3.35 per cent. He had taken a similar stand at the previous MPC meeting.

Varma reiterated that the Covid-19 pandemic has mutated into a human tragedy rather than an economic crisis, and monetary policy is not the right instrument to deal with this.

“…The ill effects of the pandemic are now concentrated in narrow pockets of the economy, and monetary policy is much less effective than fiscal policy for providing targeted relief to the worst affected segments of the economy,” he said.

“…Inflationary pressures are beginning to show signs of greater persistence than anticipated earlier,” the Professor said.

He flagged two other risks – one to inflation (the ongoing transition to green energy worldwide poses a significant risk of creating a series of energy price shocks) and the other to growth (the tail risk to global growth posed by emerging financial sector fragility in China) – are well beyond the control of the MPC, which warrant a heightened degree of flexibility and agility.

Varma opined that a pattern of policy making in slow motion that is guided by an excessive desire to avoid surprises is no longer appropriate.

Views of other members

Shashanka Bhide, Senior Advisor, National Council of Applied Economic Research, Delhi, noted that in the context of the uncertainties in the external demand and price conditions and an uneven sectoral growth pattern, an accommodative monetary policy stance and broader policy support are necessary at this juncture for strengthening the growth momentum and reducing inflation pressures.

Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai, observed that global price shocks have turned out to be more persistent, contributing to sticky core inflation.

She emphasised that tax cuts on petroleum products are essential to break the upward movement that could impart persistence to domestic inflation.

Goyal felt that liquidity needs to be kept in sufficient surplus to absorb large shocks from foreign flows, government cash balances and currency leakages even as the excess is reduced allowing the reverse repo to rise gradually and arrangements for non-banks remain in place.

She suggested that a higher fixed reverse repo rate for banks could be linked to raising their interest rates on deposit accounts.

‘Close watch needed’

MD Patra, Deputy Governor, RBI, said even as domestic macroeconomic configurations are improving, the risks from global developments are rising and warrant a close watch as they could stifle the recovery that is underway in India.

“…In my view, the biggest risks to India’s macroeconomic prospects are global and they could materialise suddenly,” he cautioned.

Mridul K Saggar, Executive Director, RBI, stated that if at all some guidance is needed at this stage, it has to be a soft one, with the Reserve Bank preparing markets that while policy stance is likely to remain accommodative till growth is revived on a durable basis, liquidity levels will be adjusted dynamically to appropriate lower levels that are still consistent with accommodative stance.

“…In my judgement, if no new disruptions to growth emerge, output gap will close sometime in 2022-23 and monetary policy should start to gradually reposition to lowering underlying inflation and inflation expectations next year, especially if inflation edges up from the energy and services side amid sticky goods core inflation,” Saggar said.

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FinMin announces repayment of oil bonds worth ₹5,000 cr

Banking & Finance

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The Finance Ministry has announced payment of ₹5,000 crore for oil bonds issued during 2005 and 2010 in lieu of selling oil product below the cost.

“The outstanding balance of ‘7.75% OMC GoI Special Bonds 2021’ is repayable at par on November 26, 2021,” the Ministry said in a statement. Further it mentioned that no interest will accrue thereon from the said date. In the event of a holiday being declared on repayment day by any State Government under the Negotiable Instruments Act, 1881, the loan/s will be repaid by the paying offices in that State on the previous working day.

Last month, the government paid ₹5,000 crore for another tranche of oil bond, taking total payout at ₹10,000 crore in the fiscal. After this, next tranche of ₹22,000 crore will be due in 2023. With this total principal amount pending would be over ₹1.20-lakh crore to be repaid between 2023 and 2026.

A mechanism of the regulated era, the bonds were issued to the oil companies for not increasing retail prices of petrol and diesel to reflect rising crude oil prices. The ‘under-recoveries’ of the oil companies due to their bearing the subsidy burden was converted into oil bonds by the then government. These bonds are interest-bearing, having a fixed coupon rate and paid on a half-yearly basis. The annual interest due of around ₹10,000 crore has been provided for in the Budget.

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Reserve Bank of India – Notifications

Notifications

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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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Reserve Bank of India – Press Releases

Press Releases

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1. Reserve Bank of India – Liabilities and Assets*
(₹ Crore)
Item 2020 2021 Variation
Oct. 16 Oct. 8 Oct. 15 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government – – – – –
4.2 State Governments 14867 9800 8296 -1504 -6571
* Data are provisional.

2. Foreign Exchange Reserves
Item As on October 15, 2021 Variation over
Week End-March 2021 Year
₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn.
1 2 3 4 5 6 7 8
1 Total Reserves 4824947 641008 30526 1492 605994 64024 753075 85888
1.1 Foreign Currency Assets 4350293 577951 24557 950 426125 41257 592363 65629
1.2 Gold 290389 38579 5343 557 42666 4699 21304 1895
1.3 SDRs 144876 19247 422 -21 134013 17762 134021 17767
1.4 Reserve Position in the IMF 39389 5231 204 6 3191 306 5386 597
*Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding as on Oct. 8, 2021 Variation over
Fortnight Financial year so far Year-on-year
2020-21 2021-22 2020 2021
1 2 3 4 5 6
2 Liabilities to Others            
2.1 Aggregate Deposits 15755753 156805 734455 642240 1364025 1453805
2.1a Growth (Per cent)   1.0 5.4 4.2 10.5 10.2
2.1.1 Demand 1786335 -37405 -147025 -74858 128813 316356
2.1.2 Time 13969418 194210 881480 717098 1235211 1137449
2.2 Borrowings 253399 7501 -54194 9374 -87371 -1846
2.3 Other Demand and Time Liabilities 584167 782 -83914 -72440 13120 64405
7 Bank Credit 11013458 56641 -27366 63949 554114 669963
7.1a Growth (Per cent)   0.5 –0.3 0.6 5.7 6.5
7a.1 Food Credit 62408 66 11629 1154 3103 -985
7a.2 Non-food credit 10951050 56575 -38995 62795 551011 670948

6. Money Stock: Components and Sources
(₹ Crore)
Item Outstanding as on Variation over
2021 Fortnight Financial Year so far Year-on-Year
2020-21 2021-22 2020 2021
Mar. 31 Oct. 8 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 18844578 19567496 171461 0.9 1006273 6.0 722918 3.8 1919671 12.1 1761260 9.9
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2751828 2830514 15582 0.6 259405 11.0 78685 2.9 478935 22.5 221360 8.5
1.2 Demand Deposits with Banks 1995120 1920877 -37359 -1.9 -146786 -8.4 -74243 –3.7 133734 9.2 329971 20.7
1.3 Time Deposits with Banks 14050278 14768367 192401 1.3 889288 7.0 718089 5.1 1296976 10.6 1205064 8.9
1.4 ‘Other’ Deposits with Reserve Bank 47351 47738 838 1.8 4365 11.3 387 0.8 10026 30.5 4865 11.3
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 5850374 6124433 48310 0.8 669497 13.5 274059 4.7 724319 14.8 494574 8.8
2.1.1 Reserve Bank 1099686 1138634 20124   -66591   38949   -72585   213033  
2.1.2 Other Banks 4750689 4985798 28186 0.6 736088 18.5 235110 4.9 796904 20.4 281541 6.0
2.2 Bank Credit to Commercial Sector 11668466 11720568 54556 0.5 -33079 -0.3 52101 0.4 601750 5.8 715002 6.5
2.2.1 Reserve Bank 8709 4434 -1363   1638   -4275   7192   -10370  
2.2.2 Other Banks 11659757 11716134 55918 0.5 -34717 -0.3 56376 0.5 594558 5.7 725372 6.6

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabili sation Scheme OMO (Outright) Long Term Repo Opera tions& Targeted Long Term Repo Opera tions# Special Long- Term Repo Operations for Small Finance Banks Special Reverse Repo£ Net Injection (+)/
Absorption (-)
(1+3+5+ 6+9+10 +11+12-2- 4-7-8-13)
Repo Reverse Repo* Variable Rate Repo Variable Rate Reverse Repo Sale Purc hase
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Oct. 11, 2021 – 263634 – – 250 – – – – – – – – -263384
Oct. 12, 2021 – 272080 – 200013 562 – – – – – – – – -471531
Oct. 13, 2021 – 262968 – – 540 –2300 – – – – – – – -264728
Oct. 14, 2021 – 208245 – – 450 – – – – – – – – -207795
Oct. 15, 2021 – 1124 – – 595 – – – – – – – – -529
Oct. 16, 2021 – 51112 – – 28 – – – – – – – – -51084
Oct. 17, 2021 – 5311 – – 8 – – – – – – – – -5303
* Includes additional Reverse Repo and additional MSF operations (for the period December 16, 2019 to February 13, 2020).
# Includes Targeted Long Term Repo Operations (TLTRO) and Targeted Long Term Repo Operations 2.0 (TLTRO 2.0) and On Tap Targeted Long Term Repo Operations. Negative (-) sign indicates repayments done by Banks.
& Negative (-) sign indicates repayments done by Banks.
£ As per Press Release No. 2021-2022/177 dated May 07, 2021. From June 18, 2021, the data also includes the amount absorbed as per the Press Release No. 2021-2022/323 dated June 04, 2021.

The above information can be accessed on Internet at https://wss.rbi.org.in/

The concepts and methodologies for WSS are available in Handbook on WSS (https://rbi.org.in/scripts/PublicationsView.aspx?id=15762).

Time series data are available at https://dbie.rbi.org.in

Ajit Prasad
Director   

Press Release: 2021-2022/1087

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Reserve Bank of India – Press Releases

Press Releases

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Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

Sr. No Treasury Bill Notified Amount
(in ₹ crore)		 Auction Date Settlement Date
1 91 Days 10,000 October 27, 2021
(Wednesday)		 October 28, 2021
(Thursday)
2 182 Days 3,000
3 364 Days 7,000
  Total 20,000    

The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018, issued by Government of India, as amended from time to time. State Governments, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount.

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, October 27, 2021, during the below given timings:

Category Timing
Competitive bids 10:30 am – 11:30 am
Non-Competitive bids 10:30 am – 11:00 am

Results will be announced on the day of the auction.

Payment by successful bidders to be made on Thursday, October 28, 2021.

Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Ajit Prasad
Director   

Press Release: 2021-2022/1085

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Yes Bank posts 74% jump in Q2 net profit

Banking & Finance

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Private sector lender Yes Bank’s standalone net profit surged by 74.3 per cent to ₹225.5 crore in the second quarter of the fiscal led by a sharp jump in non-interest income and lower provisions.

The bank’s standalone net profit stood at ₹129.37 crore in the second quarter of last fiscal.

For the quarter-ended September 30, 2021, Yes Bank reported a 23.4 per cent drop in its net interest income to ₹1,512 crore as against ₹1,973 crore a year ago.

Net interest margin stood at 2.2 per cent in the second quarter of the fiscal as against 3.1 per cent in the corresponding period last fiscal. Non-interest income jumped by 30.2 per cent on a year-on-year basis to ₹778 crore during the quarter.

Provisions were 65 per cent lower at ₹377 crore in the second quarter as against ₹1,078 crore a year ago. Asset quality saw some improvement but non-performing assets remained high.

Gross NPAs stood at ₹28,740.59 crore or 14.97 per cent of gross advances as on September 30, 2021 versus 16.9 per cent a year ago. Net NPAs stood at 5.55 per cent of net advances at the end of the second quarter as against 4.71 per cent a year ago.

Prashant Kumar, Managing Director and CEO, Yes Bank said the resolution momentum of the bank continues with ₹987 crore of cash recoveries and ₹969 crore of upgrades in the second quarter of the fiscal.

“We are on track to meet the target of ₹5,000 crore through recoveries and upgrades this fiscal,” he told reporters.

Dish TV

On the issue of Dish TV, Kumar said the bank is doing everything to secure the asset and will explore legal recourse to maximise the recovery.

The bank would inform if and when it approaches the courts on the issue.

The bank is also moving toward setting up its asset reconstruction company (ARC) and expects to announce the name of the foreign partner in the next 60 days. “We have got a fantastic response from international investors. We hope to conclude the deal before the end of the financial year,” he said, adding that the lender will transfer all NPAs to the ARC.

“We will make our bank 0 per cent NPA as of March 31, 2022,” he said.

Restructuring

The bank said that ₹421.01 crore of the ₹4,621.74 crore restructured under the Reserve Bank of India’s Resolution Framework 1.0 had slipped into NPA during the half-year. Of this, it has written-off ₹8.06 crore.

Under the Resolution Framework 2.0, it has received requests for resolution of 17,778 personal loans, 2,634 business loans and 1,588 small businesses involving a total exposure of ₹857.64 crore. It has increased provisions by ₹125.86 crore on account of the resolution.

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