Author: root

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

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 Tuesday, July 20, 2021, during the below given timings:

Results will be announced on the day of the auction.

Payment by successful bidders to be made on Thursday, July 22, 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: 2021-2022/549

Today, the Reserve Bank released data on the performance of the private corporate sector during the fourth quarter of 2020-21 drawn from abridged quarterly financial results of 2,608¹ listed non-government non-financial (NGNF) companies. Data pertaining to Q4:2019-20 and Q3:2020-21 are also presented in the tables to enable comparison. The data can be accessed at the web-link https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_42.

Highlights

Sales

• Sales of 1,633 manufacturing companies surged by 31.0 per cent (Y-o-Y) in Q4:2020-21 as compared with 7.4 per cent growth in the previous quarter. The rise in sales was broad based, and was supported by favourable base effect as well as price effect (Table 2A and Table 5A).

• Sales growth of information technology (IT) sector companies accelerated to 6.4 per cent (Y-o-Y) in Q4:2020-21 (Table 2A).

• Sales of non-IT services companies recorded a marginal growth (Y-o-Y) after declining in the previous three quarters; the improvement was largely led by trading companies (Table 2A and Table 5A).

Expenditure

• Manufacturing companies increased their expenditure on raw materials in tandem with the rise in sales during Q4:2020-21 (Table 2A).

• Staff cost growth (Y-o-Y) increased for manufacturing companies, remained steady for IT companies in Q4:2020-21, whereas it remained in contraction zone for non-IT services (Table 2A).

Operating profit

• Operating profits of manufacturing companies accelerated (Y-o-Y) in Q4:2020-21 on the back of higher rise in sales compared to that in expenditure; operating profits of services sector companies (both IT and non-IT) also expanded (Table 2A).

Interest

• With rise in profits and persistent reduction in interest outgo, interest coverage ratio (ICR)² of manufacturing companies improved to 7.3 in Q4:2020-21 from 6.6 in the previous quarter; the ICR of non-IT services companies remained below unity (Table 2B).

Pricing power

• Operating profit margin remained stable across sectors during the quarter (Table 2B).

Notes:

• The coverage of companies in different quarters varies, depending on the date of declaration of results; this is, however, not expected to significantly alter the aggregate position.

• Explanatory notes detailing the compilation methodology, and the glossary (including revised definitions and calculations that differ from previous releases) are appended.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/547