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All You Need To Know About Payment of Gratuity Under National Pension System

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Investment

oi-Vipul Das

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The Department of Pension and Pensioners’ Welfare (DoPPW) under the Ministry of Personnel, Public Grievances and Pensions has released a regulation known as the Central Civil Services (Payment of Gratuity under National Pension System) Rules, 2021. According to the notification of DoPPW, these rules shall apply to the Government servants including civilian Government servants in the Defence Services, appointed substantively to civil services and posts in connection with the affairs of the Union on or after the 1st day of January 2004, and to whom the Central Civil Services (Implementation of National Pension System) Rules, 2021 apply.

All You Need To Know About Payment of Gratuity Under National Pension System

Payment of gratuity shall be made in accordance with the Central Civil Services (Implementation of National Pension System) Rules, 2021, in the case of a Government servant who dies while on duty, is boarded out due to disability, or retires due to invalidation, and who had exercised the option under rule 10 of the Central Civil Services (Implementation of National Pension System) Rules, 2021 for benefits under the Central Civil Services (Pension) Rules, 1972, or the Central Civil Services (Extraordinary Pension) Rules, 1939.

The regulation of claims to gratuity is as follows according to the notification issued by the department.

Any claim to gratuity shall be regulated by the provisions of these rules in force at the time when a Government servant retired or is retired or is discharged or is allowed to resign from service or dies, as the case may be. The day on which a Government servant retires or is retired or is discharged or is allowed to resign from service, as the case may be, shall be treated as his last working day and the date of death of a Government servant shall also be treated as a working day.

For the purpose of determining the amount of gratuity payable under these rules shall include the basic pay as defined in rule 9 (21) (a) (i) of the Fundamental Rules, 1922, which a Government servant was receiving immediately before his retirement or on the date of his death and shall also include non-practicing allowance granted to the medical officer in lieu of private practice.

The amount of retirement gratuity or death gratuity payable under this rule shall in no case exceed twenty lakh rupees.

Average emoluments shall be determined with reference to the emoluments drawn by a Government servant during the last ten months of his service. The dearness allowance admissible on the date of retirement or death, as the case may be, shall also be treated as emoluments for the purpose of this rule.

The retirement gratuity or death gratuity for a Government servant, who has completed five years’ qualifying service shall be equal to one-fourth of his emoluments for each completed six monthly periods of qualifying service, subject to a maximum of 16½ times the emoluments.

Where a Government servant dies while in service, the death gratuity shall be payable to his family in the manner indicated in sub-rule (1) of rule 24 at the rates given in two times of emoluments if the period of qualifying service is less than one year, six times of emoluments if the period of qualifying service is one year or more but less than five years, twelve times of emoluments if the period of qualifying service is five years or more but less than eleven years, twenty times of emoluments if the period of qualifying service is eleven years or more but less than twenty years and half of the emoluments for every completed six monthly periods of qualifying service subject to a maximum of thirty-three times of emoluments if the period of qualifying service is 20 years or more.

Retires on attaining the age of superannuation, or on invalidation, or retires or is retired, in advance of the age of superannuation, on being declared surplus to the establishment in which he was serving, opts for Special Voluntary Retirement Scheme relating to voluntary retirement of surplus employees, or on has been permitted to be absorbed in service or post in or under a Corporation or Company wholly or substantially owned or controlled by the Central Government or a State Government or in or under a body controlled or financed by the Central Government or a State Government are eligible for retirement gratuity or death gratuity.

The right conferred on any specified nominee who predeceases the Government servant or dies after the death of the Government servant but before receiving the payment of gratuity shall transfer to such other person as may be indicated in the nomination.

The retirement gratuity shall be paid to the family within three months of the date of application and in case of any delay, the interest shall be paid at the applicable Public Provident Fund rates, and responsibility for delay shall be fixed in accordance with rule 44.

In all cases where the payment of gratuity has been authorized later than the date when its payment becomes due, including the cases of retirement otherwise than on superannuation, and it is clearly established that the delay in payment was attributable to administrative reasons or lapses, interest shall be paid at the rate and manner applicable to Public Provident Fund amount in accordance with the instructions issued from time to time.



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Reserve Bank of India – Press Releases

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The Result of the auction of State Development Loans for 3 State Governments held on October 18, 2021.

Table
(Amount in ₹ crore)
  GUJARAT 2026 HARYANA 2031 KARNATAKA 2031 KARNATAKA 2034
Notified Amount 1500 1500 1000 1000
Tenure 5 10 10 13
Competitive Bids Received        
(i) No. 73 111 163 116
(ii) Amount 9155 7920 9895 4090
Cut-off Yield (%) 6.04 6.99 6.95 7.08
Competitive Bids Accepted        
(i) No. 7 24 4 42
(ii) Amount 1484.999 1406.495 901.900 918.590
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 83.9621 3.4409 91.8931 29.7436
(ii) No. (3 bids) (10 bids) (3 bids) (16 bids)
Non – Competitive Bids Received        
(i) No. 2 8 10 9
(ii) Amount 15.001 93.505 98.100 81.410
Non-Competitive Price (₹) 100.03 100.22 100.02 100.13
Non-Competitive Bids Accepted        
(i) No. 2 8 10 9
(ii) Amount 15.001 93.505 98.100 81.410
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage – – – –
(ii) No. – – – –
Weighted Average Yield (%) 6.0329 6.9584 6.9467 7.0644
Total Allotment Amount 1500 1500 1000 1000

  Total
Notified Amount 5000
Tenure  
Competitive Bids Received  
(i) No. 463
(ii) Amount 31060
Cut-off Yield (%)  
Competitive Bids Accepted  
(i) No. 77
(ii) Amount 4711.984
Partial Allotment Percentage of Competitive Bids  
(i) Percentage  
(ii) No.  
Non – Competitive Bids Received  
(i) No. 29
(ii) Amount 288.016
Non-Competitive Price (₹)  
Non-Competitive Bids Accepted  
(i) No. 29
(ii) Amount 288.016
Partial Allotment Percentage of Non-Competitive Bids  
(i) Percentage  
(ii) No.  
Weighted Average Yield (%)  
Total Allotment Amount 5000

Ajit Prasad
Director   

Press Release: 2021-2022/1056

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Gold Rates Remains Flat In India Before Diwali, Quoted At At Rs. 47,070/10 Grams, On Oct 18

Personal Finance

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Personal Finance

oi-Kuntala Sarkar

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Indian gold rates remained flat on October 18, while dropped marginally in the global markets. Today, 22 carat gold rates are quoted at Rs. 47,070/10 grams and 24 carat gold rates are quoted at Rs. 48,070/10 grams. The Comex gold future dropped by 0.37% and was quoted at $1761.8, while the spot gold prices dropped by 0.35% and were quoted at $1762.20/oz till 4.02 PM IST. On the other hand, the US dollar index in the spot market was at 94.13 at the same time and gained by 0.16%. In India, the Mumbai MCX gold in October future has fallen only by 0.06% today till 4.03 PM IST, and was quoted at Rs. 47,185/10 grams. As the tapering timeline is expected to be announced earlier than expected, gold prices are probably not going to hike significantly now.

Gold Rates Remains Flat In India Before Diwali, Quoted At At Rs. 47,070/10 Grams

Earlier, international gold rates headed north as the International Monetary Fund (IMF) lowered the global economic growth forecast at 5.9% from the previous anticipation of 6%. Risks related to supply chain, price pressures, and the delta variant coronavirus is behind it. Additionally, US economic growth has been was lowered from 7% to 6% because of supply bottleneck. Hence the gold prices reached nearly $1800/oz, but dropped later. Now the gold rates are again being quoted at around $1760/oz, globally. Gold price at around $1760/oz is being considered as a moderate point, not far down, not exceeding the level.

Gold rates in different Indian cities are quoted differently, daily. Today’s gold rates in major Indian cities follow:

City 22 carat (INR/10 Grams) 24 carat (INR/10 Grams)
Mumbai 47,070/- 48,070/-
Delhi 46,450/- 50,670/-
Bangalore 44,300/- 48,330/-
Hyderabad 44,300/- 48,330/-
Chennai 44,620/- 48,680/-
Kerala 44,300/- 48,330/-
Kolkata 46,750/- 49,450/-

On the present market range, Anna Golubova told Kitco, “But despite Friday’s sell-off, bullish sentiment is still out there, especially with geopolitical tensions flaring up. And the focus is not only gold.”

Commenting on the earlier price hike of gold at $1800, OANDA senior market analyst Edward Moya told Kitco News, “This is a major reversal of trends and very positive for gold. We are starting to see the market growing nervous about the U.S. consumer. Gold is entering a period where risks now outweigh the reopening trade, and we’ll see more safe-haven flows into gold.”



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Equitas Small Finance Bank to raise Rs 1,000cr, BFSI News, ET BFSI

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New Delhi, Oct 18 (PTI) Equitas Small Finance Bank (SFB) on Monday said it will raise up to Rs 1,000 crore through a QIP in order to fulfil the regulatory norms regarding minimum public shareholding. “The board of directors in the meeting today has approved meeting the minimum public shareholding (MPS) requirements stipulated by Sebi by raising a sum not exceeding Rs 1,000 crore (including premium) through Qualified Institutions Placement (QIP),” Equitas SFB said in a regulatory filing.

As per the Sebi norms under Issue of Capital and Disclosure Requirements (ICDR), the SFB is also required to obtain shareholders‘ approval for meeting the MPS requirement. As per data on BSE, the promoter and promoter group have 81.75 per cent stake in Equitas SFB as on June 30, 2021. While the remaining 18.25 per cent is public shareholding.

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CoinDCX ropes Ayushmann Khurrana for its latest campaign

Banking & Finance

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Cryptocurrency exchange CoinDCX on Monday announced that it has signed actor Ayushmann Khurana as the face for its latest campaign ‘Future Yahi Hain’. The drive is launched to address key concerns surrounding crypto investments amongst the Indian audience.

The kickoff ad to be released during the festive season will feature the actor taking a humorous yet informative approach on crypto, busting myths around the subject.

Ramalingam Subramanian, Head of Brand, Marketing and Communications, CoinDCX said, “Ayushmann has always come across as being a friendly and credible personality who has a knack for connecting with both younger and older generations with his exemplary work. Our focus during this campaign will be to dispel the various myths surrounding crypto-based investing and breaking down the simple steps needed to enable anyone to start their crypto investment journey. We are delighted with our association with Ayushmann and look forward to a great association with one of India’s most-loved celebrities.”

“I’m delighted to be associated with CoinDCX’s ‘Future Yahi Hai’ Campaign which, in the truest sense, is an initiative to raise awareness about the rising asset class of crypto-based investments. I’m impressed with CoinDCX’s persistent endeavour to guide investors towards making educated and smart investments after thorough research,” Khurrana said.

With a career spanning over nearly decades Khurrana has proved to be quite a role model for regular Indians as a true achiever who’s known to be talented across spectrum of acting, singing, writing and television hosting.

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Nomura India Business Resumption Index rises to an all-time high

Banking & Finance

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The Nomura India Business Resumption Index rose to an all-time high of 108.8 for the week ending October 17 from 105 in the prior week (pre-pandemic level=100), with a broad-based rise across most sub-components.

Mobility indices rose sharply ahead of the festive season. The Apple driving index jumped 14.1 percentage points (pp) over the week, while Google workplace and retail & recreation indices rose by 2.7 pp and 3.1 pp, respectively.

The labour participation rate rose to 41.6 per cent from 40.4 per cent, while power demand fell 1.7 per cent w-o-w (sa) after rising 0.3 per cent in the prior week.

Pace of vaccination falls

The pace of vaccination has fallen in October, but India will cross the milestone of administering one billion vaccine doses this week. About 20.5 per cent of the population is fully vaccinated and 50.4 per cent have received at least one dose, which is enabling reopening and has boosted mobility. With domestic flights allowed to operate at full capacity from today, the transportation sector should get a further boost.

“Even as demand is recovering, supply bottlenecks have emerged as a bigger constraint. Coal shortages are resulting in supply disruptions to non-power customers, while chip shortages have hurt passenger vehicle sales during the festive season. As supply struggles to tango with demand, we see higher inflation as a bigger risk,” Nomura said

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List of Navratna Companies In India 2021

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Bharat Electronics Limited

BEL was founded in 1954 in partnership with CSF, France (now Thales) to manufacture basic communication equipment. BEL now manufactures a wide range of cutting-edge equipment in fields such as Defence Communication, Radars, Naval Systems, C4I Systems, Weapon Systems, Homeland Security, Telecom & Broadcast Systems, Electronic Warfare, Tank Electronics, Electro-Optics, Professional Electronic Components, and Solar Photovoltaic Systems.

Bharat Electronics Ltd., founded in 1954, is a Large Cap business in the Defence sector with a market capitalization of Rs 51,302.46 crore. The stock returned 141.32 percent over three years, compared to 73.72 percent for the Nifty 100 index.

Container Corporation of India

Container Corporation of India

The Indian Railways, Ministry of Railways, Government of India owns Container Corporation of India Limited. CONCOR was founded in March 1988 under the Companies Act and began operations in November 1989, taking over Indian Railways’ existing network of seven inland container facilities. The stock returned 40.04 percent over three years, compared to 73.72 percent for the Nifty 100.

Engineers India Limited

Engineers India Limited (EIL) is a government-owned company. It is owned by the Indian government’s Ministry of Petroleum and Natural Gas. It was founded in 1965 to serve petroleum refineries and other industrial enterprises with engineering and related technical services.

Since the last five years, this company has had no debt. The stock returned -33.66 percent over three years, compared to 89.74 percent for the Nifty Smallcap 100. Engineers India Ltd., founded in 1965, is a Mid Cap business in the Services sector with a market capitalization of Rs 4,375.50 crore.

Hindustan Aeronautics Limited

Hindustan Aeronautics Limited

Hindustan Aeronautics Limited, located in Bengaluru, India, is an Indian state-owned aerospace and defence firm. HAL, which was founded on December 23, 1940, is one of the world’s oldest and largest aerospace and defence companies. The company saw a quarterly sales decline of 83.75 percent, the lowest in the prior three years. Stock returned 82.78 percent over three years, compared to 73.72 percent for the Nifty 100 index. Hindustan Aeronautics Ltd., founded in 1963, is a Large Cap firm in the Defence sector with a market capitalization of Rs 48,277.20 crore.

Mahanagar Telephone Nigam Limited

Bharat Sanchar Nigam Limited owns Mahanagar Telephone Nigam Limited, d/b/a MTNL, which is headquartered in New Delhi, India. MTNL operates in India’s metro cities of Mumbai and New Delhi, as well as the African island nation of Mauritius. For the fourth quarter in a row, the company has lost Rs 688.7 crore. The stock returned 41.79 percent over three years, compared to 89.74 percent for the Nifty Smallcap 100. Over a three-year period, the stock returned 41.79 percent, whereas the S&P BSE Telecom provided investors an 83.5 percent gain. It was founded in 1986 and is a Telecommunications Small Cap company with a market capitalization of Rs 1,250.55 crore.

National Aluminium Company Limited

National Aluminium Company Limited

NALCO (National Aluminium Corporation Limited) is a government-owned company with integrated and diversified operations in mining, metals, and power. It is owned by the Ministry of Mines of India. National Aluminium Business Ltd., founded in 1981, is a Mid Cap company in the Metals – Non Ferrous sector with a market capitalization of Rs 19,762.16 crore. The government of India currently owns 51.5 percent of NALCO. In the fiscal year ended March 31, 2021, the company generated a return on equity of 12.16 percent, surpassing its five-year average of 9.99 percent. The stock returned 61.32 percent over three years, compared to 92.3 percent for the Nifty Midcap 100.

NBCC (India) Limited

The Indian government firm NBCC (India) Limited is a blue-chip company. It is owned by the Indian government’s Ministry of Housing and Urban Affairs. Since the last five years, the company has had no debt. The stock returned -10.69 percent over three years, compared to 92.3 percent for the Nifty Midcap 100. Over a three-year period, the stock returned -10.69 percent, compared to S&P BSE Industrials, which returned 92.84 percent. NBCC (India) Ltd., founded in 1960, is a construction-related Mid Cap company with a market capitalization of Rs 8,721.00 crore.

NMDC Limited

NMDC Limited

NMDC Limited is a mineral producer controlled by the government. The Ministry of Steel, Government of India, has administrative jurisdiction over it. Iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and other minerals are all explored. In the fiscal year ended March 31, 2021, the company generated a ROE of 21.0 percent, surpassing its five-year average of 15.94 percent. Annual sales growth of 28.72 percent surpassed the company’s three-year CAGR of 8.91 percent. The stock returned 36.01 percent over three years, compared to 73.72 percent for the Nifty 100.

NLC India Limited

NLC India Limited is a Navratna government of India firm that operates in the fossil fuel mining and thermal power production sectors in India. In the last five years, the company’s ROE has been steadily falling. The majority of profits were distributed as dividends to stockholders last year. The stock returned -8.2 percent over three years, compared to 92.3 percent for the Nifty Midcap 100. NLC India Ltd., founded in 1956, is a Mid Cap business in the Power sector with a market capitalization of Rs 10,788.03 crore.

Oil India Limited

Oil India Limited

Oil India Limited is the government’s second-largest hydrocarbon exploration and production company. It is owned by the Indian government’s Ministry of Petroleum and Natural Gas, with its operational headquarters in Duliajan, Assam. In the fiscal year ended March 31, 2021, the company generated an ROE of 14.9 percent, surpassing its five-year average of 10.65 percent. Annual sales growth of 77.13 percent surpassed the company’s three-year CAGR of 26.01 percent.

Power Finance Corporation Limited

The Ministry of Power, Government of India, owns Power Finance Corporation Ltd., an Indian financial institution. It is the financial backbone of the Indian power sector, having been established in 1986. PFC has a net worth of INR 383 billion as of September 30, 2018. The stock returned 81.54 percent over three years, compared to 73.72 percent for the Nifty 100 index. Power Finance Corporation Ltd., founded in 1986, is a Large Cap firm in the Term Lending Institutions sector with a market cap of Rs 39,324.01 crore.

Rashtriya Ispat Nigam Limited

Rashtriya Ispat Nigam Limited

Vizag Steel, also known as Rashtriya Ispat Nigam Ltd, is a government-owned steel producer situated in Visakhapatnam, India. It is owned by the Ministry of Steel of the Government of India. It is the country’s first shore-based Integrated Steel Plant, and it is known for producing high-quality goods that satisfy customers.

It is the global leader in long goods and serves a wide range of industrial sectors.

Rural Electrification Corporation Limited

In India’s power industry, REC Limited, originally Rural Electrification Corporation Limited, is a public Infrastructure Finance Company. The firm is a government-owned corporation that finances and promotes power projects throughout India. The stock returned 59.26 percent over three years, compared to 92.3 percent for the Nifty Midcap 100. REC Ltd., founded in 1969, is a Large Cap firm in the Term Lending Institutions sector with a market capitalization of Rs 32,536.77 crore.

Shipping Corporation of India Limited

Shipping Corporation of India Limited

The Shipping Corporation of India is a government-owned company in India. It runs and manages vessels that service both national and international lines and is managed by the Ministry of Shipping, Government of India, with headquarters in Mumbai, Maharashtra, India. Sales have decreased by 17.98%. For the first time in three years, the company’s revenue has decreased. The stock returned 226.06 percent over three years, compared to 92.3 percent for the Nifty Midcap 100. Shipping Corporation of India Ltd., founded in 1950, is a Mid Cap company in the Shipping industry with a market capitalization of Rs 6,614.35 crore.

List Of Navratna Companies In India 2021

List Of Navratna Companies In India 2021

Navratna Companies Price in Rs. PE ratio
Bharat Electronics 217.65 25.62
Container Corporation of India 686.30 59.57
Engineers India 79.15 24.30
Hindustan Aeronautics 1,484.10 15.11
Mahanagar Telephone Nigam 19.85 –
National Aluminium Company 123.20 14.06
NBCC 49.55 35.38
NMDC 157.80 5.00
Oil India Limited 238.95 5.69
Power Finance Corporation 150.95 3.18
Rural Electrification Corporation 165.55 3.71
Shipping Corporation of India 142.50 12.82
NLC India 77.40 8.57

List Of Navratna Companies In India 2021

List Of Navratna Companies In India 2021

Please note investing in stocks is subject to market risks and one needs to be cautious at this point of time as markets have gone-up sharply. This article is only for information purposes. Neither the author, nor Greynium Information Technologies Pvt Ltd would be responsible for losses incurred based on a decision made.



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Reserve Bank of India – Press Releases

Press Releases

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(Amount in ₹ crore, Rate in Per cent)
  Volume
(One Leg)		 Weighted
Average Rate 		Range
A. Overnight Segment (I+II+III+IV) 0.00 – –
     I. Call Money 0.00 – –
     II. Triparty Repo 0.00 – –
     III. Market Repo 0.00 – –
     IV. Repo in Corporate Bond 0.00 – –
B. Term Segment      
     I. Notice Money** 0.00 – –
     II. Term Money@@ 0.00 – –
     III. Triparty Repo 0.00 – –
     IV. Market Repo 0.00 – –
     V. Repo in Corporate Bond 0.00 – –
  Auction Date Tenor (Days) Maturity Date Amount Current Rate /
Cut off Rate
C. Liquidity Adjustment Facility (LAF) & Marginal Standing Facility (MSF)
I. Today’s Operations
1. Fixed Rate          
     (i) Repo          
    (ii) Reverse Repo Sun, 17/10/2021 1 Mon, 18/10/2021 5,311.00 3.35
    (iii) Special Reverse Repo~          
    (iv) Special Reverse Repoψ          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF Sun, 17/10/2021 1 Mon, 18/10/2021 8.00 4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
5. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -5,303.00  
II. Outstanding Operations
1. Fixed Rate          
    (i) Repo          
    (ii) Reverse Repo Sat, 16/10/2021 2 Mon, 18/10/2021 51,112.00 3.35
  Fri, 15/10/2021 3 Mon, 18/10/2021 1,124.00 3.35
  Thu, 14/10/2021 4 Mon, 18/10/2021 208,245.00 3.35
    (iii) Special Reverse Repo~ Fri, 08/10/2021 14 Fri, 22/10/2021 6,402.00 3.75
    (iv) Special Reverse Repoψ Fri, 08/10/2021 14 Fri, 22/10/2021 2,894.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 08/10/2021 14 Fri, 22/10/2021 400,002.00 3.99
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo Tue, 12/10/2021 8 Wed, 20/10/2021 200,013.00 3.90
3. MSF Sat, 16/10/2021 2 Mon, 18/10/2021 28.00 4.25
  Fri, 15/10/2021 3 Mon, 18/10/2021 595.00 4.25
  Thu, 14/10/2021 4 Mon, 18/10/2021 450.00 4.25
4. Long-Term Repo Operations# Mon, 17/02/2020 1095 Thu, 16/02/2023 499.00 5.15
  Mon, 02/03/2020 1094 Wed, 01/03/2023 253.00 5.15
  Mon, 09/03/2020 1093 Tue, 07/03/2023 484.00 5.15
  Wed, 18/03/2020 1094 Fri, 17/03/2023 294.00 5.15
5. Targeted Long Term Repo Operations^ Fri, 27/03/2020 1092 Fri, 24/03/2023 12,236.00 4.40
  Fri, 03/04/2020 1095 Mon, 03/04/2023 16,925.00 4.40
  Thu, 09/04/2020 1093 Fri, 07/04/2023 18,042.00 4.40
  Fri, 17/04/2020 1091 Thu, 13/04/2023 20,399.00 4.40
6. Targeted Long Term Repo Operations 2.0^ Thu, 23/04/2020 1093 Fri, 21/04/2023 7,950.00 4.40
7. On Tap Targeted Long Term Repo Operations€ Mon, 22/03/2021 1095 Thu, 21/03/2024 5,000.00 4.00
  Mon, 14/06/2021 1096 Fri, 14/06/2024 320.00 4.00
  Mon, 30/08/2021 1095 Thu, 29/08/2024 50.00 4.00
  Mon, 13/09/2021 1095 Thu, 12/09/2024 200.00 4.00
  Mon, 27/09/2021 1095 Thu, 26/09/2024 600.00 4.00
  Mon, 04/10/2021 1095 Thu, 03/10/2024 350.00 4.00
8. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 17/05/2021 1095 Thu, 16/05/2024 400.00 4.00
Tue, 15/06/2021 1095 Fri, 14/06/2024 490.00 4.00
Thu, 15/07/2021 1093 Fri, 12/07/2024 750.00 4.00
Tue, 17/08/2021 1095 Fri, 16/08/2024 250.00 4.00
Wed, 15/09/2021 1094 Fri, 13/09/2024 150.00 4.00
D. Standing Liquidity Facility (SLF) Availed from RBI$       21,695.80  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -761,381.20  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -766,684.20  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 17/10/2021 615,549.93  
     (ii) Average daily cash reserve requirement for the fortnight ending 22/10/2021 630,289.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 14/10/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 24/09/2021 1,205,314.00  
@ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
– Not Applicable / No Transaction.
** Relates to uncollateralized transactions of 2 to 14 days tenor.
@@ Relates to uncollateralized transactions of 15 days to one year tenor.
$ Includes refinance facilities extended by RBI.
& As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
* Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo.
# As per the Press Release No. 2020-2021/287 dated September 04, 2020.
^ As per the Press Release No. 2020-2021/605 dated November 06, 2020.
€ As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
£ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
~ As per the Press Release No. 2021-2022/177 dated May 07, 2021.
ψ As per the Press Release No. 2021-2022/323 dated June 04, 2021.
Ajit Prasad
Director   
Press Release: 2021-2022/1054

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Reserve Bank of India – Press Releases

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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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