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Reserve Bank of India – Tenders

Tenders

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E-tender no. RBI/Shillong/Estate/6/21-22/ET/6

Reserve Bank of India, Shillong invites tenders for the above-mentioned work.

The tender forms can be downloaded from http://www.rbi.org.in and https://www.mstcecommerce.com. Your tender, duly filled-in and e-signed, should be submitted by e-tendering only through https://www.mstcecommerce.com up to 14:00 hours on July 23, 2021.

1. Estimated cost: – ₹ 17,00,000/-

2. Earnest Money: – ₹ 34,000/-

3. Event View date & time: – 01.07.2021 from 12:00 hours.

4. Date of pre-bid meeting: – From 12:00 hours on 12.07.2021

5. Event start date & time: – 13.07.2021 at 11:00 hours.

6. Event close date & time: – 23.07.2021 at 14:00 hours.

7. TOE start time: – 23.07.2021 at 15:00 hours.

8. Time allowed for completion of the work: 90 days from tenth day of issue of written order to commence the work.

Bank reserves the right to accept or reject any or all the tenders, either in whole or in part, without assigning any reasons for doing so.

General Manager (O-i-C)
Reserve Bank of India
Shillong

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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) 4,06,395.62 3.22 0.01-3.50
     I. Call Money 5,889.68 3.16 1.90-3.50
     II. Triparty Repo 3,02,534.40 3.22 3.20-3.50
     III. Market Repo 97,971.54 3.21 0.01-3.35
     IV. Repo in Corporate Bond 0.00   –
B. Term Segment      
     I. Notice Money** 184.45 3.11 2.75-3.40
     II. Term Money@@ 204.25 – 3.15-3.45
     III. Triparty Repo 0.00 – –
     IV. Market Repo 207.81 2.66 2.00-3.60
     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 Wed, 30/06/2021 1 Thu, 01/07/2021 4,84,819.00 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 Wed, 30/06/2021 1 Thu, 01/07/2021 15.00 4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
5. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -4,84,804.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
    (ii) Reverse Repo          
    (iii) Special Reverse Repo~ Fri, 18/06/2021 14 Fri, 02/07/2021 960.00 3.75
    (iv) Special Reverse Repoψ Fri, 18/06/2021 14 Fri, 02/07/2021 40.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 18/06/2021 14 Fri, 02/07/2021 2,00,009.00 3.50
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF          
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
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
D. Standing Liquidity Facility (SLF) Availed from RBI$       17,313.80  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -1,00,403.20  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -5,85,207.20  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 30/06/2021 6,24,034.88  
     (ii) Average daily cash reserve requirement for the fortnight ending 02/07/2021 6,19,074.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 30/06/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 04/06/2021 8,57,660.00  
@ 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 and Press Release No. 2020-2021/1057 dated February 05, 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.
~ 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: 2021-2022/461

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Reserve Bank of India – Tenders

Tenders

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Regional Director, Reserve Bank of India, Hyderabad invites e-Tender through MSTC for Supply, Installation, testing and Commissioning of 160 no’s SMF batteries of 120 AH capacity each for Centralised UPS System for Reserve Bank of India, Hyderabad. The e-Tender along with the detailed tender notice is available at the e-Tendering portal of MSTC Ltd (http://mstcecommerce.com/eprochome/rbi) under the menu “Tenders”.

2. All interested bidders must register themselves with MSTC through the above-mentioned website to participate in the tendering process.

3. The estimated cost of the work is ₹16 lakh, however the actual amount may vary.

4. The Schedule of e-Tendering process is as follows:

a. e-Tender Name Supply, Installation, testing and Commissioning of 160 no’s SMF batteries of 120 AH capacity each for Centralised UPS System for Reserve Bank of India, Hyderabad.
b. e-Tender no RBI/Hyderabad/Estate/8/21-22/ET/8
c. Mode of Tender e-Procurement System
(Online Part I – Techno-Commercial Bid and Part II – Price Bid through
(www.mstcecommerce.com/eprochome/rbi)
d. Date of NIT available to parties to download July 01, 2021
e. Date of Pre-Bid meeting July 09, 2021 at 11:30 AM
f. Earnest Money Deposit ₹ 32000.00 (₹ Thirty-two thousand only) from all the bidders in the form of online payment / NEFT to the Bank before 02:00 PM of July 22, 2021.
Details for NEFT
IFSC Code – RBIS0NEFTHY (0 is zero)
A/c number – 8614038
Beneficiary Name: Reserve Bank of India, Hyderabad
Your Firm’s Name
Remarks: 160 no’s SMF batteries
g. Last date of submission of EMD Up to 02:00 PM on July 22, 2021
h. Date of Starting of e-Tender for submission of on line Techno- Commercial Bid and price Bid at
www.mstcecommerce.com/eprochome/rbi		 10:00 AM of July 12, 2021
i. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid 2:00 PM on July 22, 2021
j. Date & time of opening of Part-I (i.e. Techno-Commercial Bid)
Date & Time of opening of Part- II (i.e. Price Bid)		 3:00 PM on July 22, 2021

5. The Part-II, i.e., Price-bid will be opened on the same day or at a later date as intimated by the Bank in respect of only those contractors/bidders who satisfies all criteria stipulated in Part-I. The Bank reserves the right to accept or reject any or all e-Tenders without assigning any reasons thereof.

Please note: There is no tender fees to download the tender document from Portal.

Applicants intending to apply will have to satisfy the Bank by furnishing documentary evidence in support of their possessing required eligibility and in the event of their failure to do so, the Bank reserves the right to reject their candidature. Tenders without EMD will not be accepted under any circumstances.

All the tenderers may please note that any amendments / corrigendum to the e-tender, if any, issued in future will only be notified on the RBI Website and MSTC Website as given above and will not be published in the newspaper.

Regional Director for Andhra Pradesh & Telangana
Hyderabad

July 01, 2021

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Personal loans keep banks afloat in FY21 as industrial credit demand sinks, BFSI News, ET BFSI

Banking & Finance

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Credit growth to the industrial sector remained in the negative territory during 2020-21, mainly due to the COVID-19 pandemic and resultant lockdowns, RBI data showed on Tuesday. However, “personal loans continued to grow at a robust pace and recorded 13.5 per cent growth (Y-oY) in March 2021; industrial loan growth, on the other hand, remained negative during all quarters of 2020-21.”

The RBI further said working capital loans in the form of cash credit, overdraft and demand loans, which accounted for a third of total credit, contracted during 2020-21, indicating the impact of the coronavirus pandemic.

Private banks

The data further revealed that private sector banks recorded higher loan growth when compared to public sector lenders. Their share in total credit increased to 36.5 per cent in March 2021 from 35.4 per cent a year ago and 24.8 per cent five years ago, it said.

However, the private sector banks’ loan growth slowed to 9.1 per cent in FY21, from 9.3 per cent in FY20. Public sector loans grew 3.6 per cent in FY21, down from 4.2 per cent in FY20. The lending by foreign banks shrunk by 3.3 per cent during 2020-21 as against a growth of 7.2 per cent a year ago.

Credit to the household sector rose by 10.9 per cent (Y-o-Y) and its share in total credit increased to 52.6 per cent in March 2021 from 49.8 per cent a year ago, as per the ‘Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), March 2021’, released by the central bank.

Industrial credit

Growth in credit to the private corporate sector, however, declined for the sixth successive quarter and its share in total credit stood at 28.3 per cent. RBI said the weighted average lending rate (WALR) on outstanding credit has moderated by 91 basis points during 2020-21, including a decline of 21 basis points in Q4.

It also said bank branches in urban, semi-urban and rural areas recorded double-digit credit growth (Y-o-Y) in March 2021, whereas metropolitan branches, which accounted for 63 per cent of bank credit, logged 1.4 per cent growth.

Overall credit growth in India slowed down in FY21 to 5.6 per cent from 6.4 per cent in FY20 as the economy was hit hard by Covid. and subsequent lockdowns.



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Bitcoin’s year so far, BFSI News, ET BFSI

Personal Finance

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LONDON: If you’re a bitcoin investor, your nerves may have taken quite a pounding in 2021.

The cryptocurrency‘s journey towards the investment and commercial mainstream has gathered pace, with major financial firms and companies embracing the emerging asset.

Such interest helped push it to a record high just shy of $65,000 in April. Yet in typically capricious fashion, it has since slumped by almost half.

At the halfway point of the year, the original and biggest cryptocurrency is up around 20% year-to-date. Here are some charts that tell the story of bitcoin’s year so far.

1/STILL VOLATILE
Wild price swings have been a defining feature of bitcoin throughout its near 13-year life. The first half of 2021 has been no different, despite hopes that greater liquidity in markets and stronger infrastructure would dampen swings.

Bitcoin more than doubled from the start of the year to its all-time high of $64,895 hit in mid-April, before slumping by over half in just five weeks as regulators across the world – especially China – cracked down on cryptocurrencies.

In May alone bitcoin lost 35%, in its worst month since 2018. Last week it fell under $30,000 for the first time since January, briefly wiping out its year-to-date gains.

Many larger investors also left the bitcoin market after prices spiked in the first quarter, with some shifting to gold, according to JP Morgan analyst Nikolaos Panigirtzoglou.

“What we found out in the second quarter was that actually demand for bitcoin is price sensitive,” he said. “Some institutional investors started getting out of bitcoin in April … they thought bitcoin prices were too high relative to gold.”

2/BITCOINS OR ALTCOINS?
Bitcoin has attracted the lion’s share of the headlines so far this year. Yet many of its smaller digital currency rivals – known as the altcoins – have posted bigger gains.

Ether, the second-largest cryptocurrency, has nearly trebled so far this year, bolstered by a surge in the so-called decentralised finance sector. “DeFi” often uses its underlying blockchain technology to offer financial services without traditional middlemen such as banks.

Signs that the ethereum blockchain is gaining traction with mainstream financial firms has also fuelled gains.

XRP, the seventh-largest coin, has gained a similar amount. Other once-obscure coins such as dogecoin, started in 2013 as a joke, have also far outpaced bitcoin, with investors drawn to the prospect of quick gains. Dogecoin is up over 5,000% so far this year.

3/OUTPACED BY MEME STOCKS
Retail investors have embraced bitcoin this year, attracted by narratives that it can act as a hedge against inflation and as a future payment method.

Also driving gains has been a perception that it is a vehicle for quick gains – a perceived quality shared by another 2021 financial market phenomenon: “meme” stocks, whose value is propelled by social-media buzz.

GameStop Corp and AMC Entertainment Holdings , two of the leading meme stocks, soared in the first quarter along with bitcoin, fuelled by retail investors with spare cash and free time because of coronavirus stimulus lockdowns.

Yet the assets have since decoupled, with bitcoin’s gains for the year so far outpaced by GameStop – up more than 1,000% – and AMC Entertainment, which has surged over 2,500%.

“It’s just an extension of free money just going crazy and so I think that has somewhat you can see that rippling over into cryptocurrencies,” said Joel Kruger, a strategist at crypto exchange LMAX Digital.



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Berkshire’s Charlie Munger says China right to clip Jack Ma’s wings, BFSI News, ET BFSI

Personal Finance

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Berkshire Hathaway Inc Vice Chairman Charlie Munger praised China‘s move to impose a sweeping restructuring on Jack Ma’s Ant Group, the fintech giant whose record $37 billion IPO was derailed by regulators in November.

The 97-year-old told CNBC in an interview alongside Berkshire CEO and billionaire investor Warren Buffett that the United States should take a leaf out of China’s book and “step in preemptively to stop speculation”.

“I don’t want the, all of the Chinese system, but I certainly would like to have the financial part of it in my own country,” he said in the interview aired on Tuesday in the United States.

Communist Party-ruled China “did the right thing” by reining in Ma, the founder of e-commerce giant Alibaba Group Holding , who has hardly been seen in public since he criticised regulators in a speech in October last year.

Chinese regulators pulled the plug on Alibaba affiliate Ant’s IPO and forced it to turn itself into a financial holding firm, a move expected to curb some of its freewheeling businesses.

Alibaba was also hit with a record $2.75 billion antitrust penalty as China tightens controls on the booming “platform economy”.

“Communists did the right thing. They just called in Jack Ma and say, “You aren’t gonna do it, sonny,” Munger said.

He also praised China’s response to the novel coronavirus. China imposed strictly enforced lockdowns and widespread curbs on movement, measures that would be less acceptable to Americans.

“They simply shut down the country for six weeks. And that turned out to be exactly the right thing to do,” Munger said.

Buffett said the pandemic had hurt smaller companies the most.

“I don’t know how many but many hundreds of thousands or millions of small businesses have been hurt in a terrible way, but most of the big, big companies have overwhelmingly done fine, unless they happen to be in cruise lines or, you know, or hotels or something,” he said.



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5 Stocks To Buy That Top Brokerages Are Recommending For Investors

Personal Finance

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Apollo Tyres

Apollo Tyres is a top tyre manufacture in the country, with a significant presence in the OEM segment as well as the replacement market. Emkay Global has recommended to buy the stock of Apollo Tyres and has set a target price that is 26% higher than the current market price.

The stock of Apollo Tyres was last trading at Rs 226 on the NSE, against the brokerage houses price target of Rs 290.

According to the firm, the management has guided for revenue CAGR of 16% over FY21-26E, driven by expectations of volume growth in underlying industry in India at 10- 13% CAGR for PCR tyres, 5-8% CAGR for CVs, and 2-4% for Tractors.

The margins are also expected to see improvement due to continuing radialization in Truck & Bus industry from 47% in FY21 to 55-60% in FY25E.

“Increase in exports for standalone from 9% of revenue in FY21 to 20% in FY26E, with focus on Europe, USA, Middle East and Africa regions and launch of new products will help margins,” Emkay Global has said.

The broking firm is factoring in revenue/earnings CAGRs of 12%/14% over FY21-24E and maintains a Buy on the stock of Apollo Tyres with a price target of Rs 290.

NALCO

NALCO

Broking firm, Motilal Oswal has a buy on the stock of NALCO, with a price target of Rs 93, which is almost 20% higher than the current market price of Rs 78.

NALCO is a leading aluminium player and Motilal Oswal expects aluminium prices to remain strong, which should benefit NALCO.

“The management has announced a 1mtpa alumina refinery expansion at capex of Rs 64 billion and expects to complete the project in FY23. Given the slow execution, however, we expect commissioning by FY24. We value the stock on an SoTP basis at 5x FY23E EV/EBITDA and a 0.75x book value for growth CWIP to arrive at target price of Rs 93. At current market price, it provides an attractive dividend yield of 6%. Maintain Buy,” Motilal Oswal has said.

Steel Authority of India

Steel Authority of India

ICICI Direct has a buy call on the stock of Steel Authority of India with a price target of Rs 160, which is almost 22% higher than the current market price of Rs 131.

The broking firm has said that the company has adopted a focused approach on improving its volume, improving its operational efficiencies, operating the facilities at optimum levels, deleveraging its balance-sheet, etc. In line with its focus on reducing the borrowings.

“Steel Authority of India has reduced its net debt by Rs 16200 crore in FY21. Going forward also, we expect the company’s net debt to further reduce by Rs 6,800 crore, over the next couple of years. We model sales volume of 17 metric tonnes for FY22E and 19 metric tonnes for FY23E.

We value the stock at 5.5x FY23E EV/EBITDA and arrive at a target price of Rs 160. We maintain our BUY recommendation on the stock of SAIL,” ICICI Direct has said in its report.

REPCO Home Finance

REPCO Home Finance

REPCO Home Finance is a smaller home finance company, whose stock broking firm Motilal Oswal is bullish on and has a buy rating.

The broking firm expects loan book growth to remain muted for the company even in FY22E.

“Improvement in asset quality is encouraging as GS 3 fell below 4% after remaining sticky between 4% and 4.3% for the last seven quarters. We see the efforts put in by REPCO to improve collections and achieve resolutions/upgrades in GS 3 reflecting in improved asset quality.

Availability of low-cost NHB borrowings will not sustain indefinitely. We expect further benefits from lower incremental cost of borrowings to be limited. We estimate a 12% PAT CAGR over FY21-24E. REPCO trades at 0.85x FY23E P/BV, which is undemanding. We have a Buy rating on the stock with a target price of Rs 440 (1x FY23E PBVPS),” the brokerage has said.

Shares of REPCO Home Finance were last seen changing hands at Rs 375 on the NSE.

Bandhan Bank

Bandhan Bank

Broking firm, Motilal Oswal has a neutral rating on the stock of Bandhan Bank and sees an upside of nearly 10% from the current levels of Rs 335 on the stock.

“For players like Bandhan Bank whose SMA book stands at 8.6% currently (from 16.6% in 3QFY21) the double bonanza of MFI package from Assam state government and the central government relief measures for the MFI sector will enable faster turnaround in asset quality/ earnings trajectory.

We are turning more sanguine on asset quality over 2HFY22 though remain watchful on collection efficiency in the near term, mainly in key state of West Bengal (45% of MFI portfolio). We thus increase our target price to Rs 375 (from Rs 335) based on 2.5x FY23E book value though we maintain our NEUTRAL rating as we await more clarity around implementation of these schemes,” the broking firm has said.

Disclaimer

Disclaimer

All of the above stocks are picked from the reports of brokerage firms. Investing in stocks are risky and investors should do their own research. The author, the brokerage firms or Greynium Information Technologies is not responsible for any losses incurred due to a decision based on the above article. Investors should hence exercise due caution as markets have run-up significantly.



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HDFC Bank hopes to return with a ‘bang’ and regain lost market share

Personal Finance

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Laying out future plans, once the embargo is lifted, he said the bank had a much more wholesome strategy.

HDFC Bank expects to regain the lost market share and make a strong comeback once the regulator lifts the embargo on issuing new credit cards, Parag Rao- head of consumer finance, digital banking and information technology said on Wednesday.

Without sharing details over when he expected the ban to be lifted, Rao said within three-four months of the ban getting lifted, one should expect incremental market share back to the pre-ban levels. The bank has been in constant discussion with RBI ever since the ban was imposed, and has upgraded its systems as per the indications from the regulator, Rao said. He added that it had now presented a plan that focuses on the immediate, short-term, mid-term and long-term to the central bank.

According to the RBI data, in the period between December 2020 and April 2021, HDFC Bank’s credit card base contracted by 3.89 lakh. While ICICI Bank’s credit card portfolio increased by 8.15 lakh, SBI Card and Axis Bank added 4.37 lakh and 3.29 lakh cards, respectively. However, HDFC Bank continues to have the largest customer base in the segment with 1.49 crore outstanding credit cards as on April 30, 2021.

In December, RBI a had stopped HDFC Bank from issuing fresh credit cards and announcing new digital initiatives following multiple outages the bank witnessed over the past few years. The regulator also called for a third-party audit of the bank’s IT infrastructure.

“We have used the last six month period since December to introspect, reinvigorate and re-engineer for the future. We will use tech and digital to help us continue being dominant in the space and will get back to the market with a bang. We have the entire system ready and charged up,” said Parag Rao, group head – payments, consumer finance, digital banking and IT, HDFC Bank.

Laying out future plans, once the embargo is lifted, he said the bank had a much more wholesome strategy. “It is not only to regain our (credit cards) number and value market share but also to forge new partnerships, build more scale, introduce newer products and services and continue on our journey of being the dominant payments bank player in the space,” he said.

Rao said the bank had been using the six-month period to work on its technology and digital processes and also had a base of pre-approved customers, who will be offered credit cards when the embargo is lifted.

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Reserve Bank of India – Press Releases

Press Releases

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Reserve Bank of India vide directive DCBS.CO.BSD-I/D- 4/12.22.141/2016-17 dated August 31, 2016 had placed the Maratha Sahakari Bank Ltd., Mumbai, Maharashtra under Directions from the close of business on August 31, 2016. The validity of the directions was extended from time-to-time, the last being up to June 30, 2021.

2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till September 30, 2021 as per the directive DOR.MON/D-21/12.22.140/2021-22 dated June 29, 2021, subject to review.

3. All other terms and conditions of the Directive under reference shall remain unchanged. A copy of the directive dated June 29, 2021 notifying the above extension is displayed at the bank’s premises for the perusal of public.

4. The aforesaid extension and /or modification by Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/460

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Reserve Bank of India – Press Releases

Press Releases

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(For the Quarter ending September 2021)

After reviewing the cash position of the Central Government, Government of India, in consultation with the Reserve Bank of India, has decided to notify the amounts for the issuance of Treasury Bills for the quarter ending September 2021 as under:

Notified Amount for Auction of Treasury Bills
(July 1, 2021 to – September 30, 2021)
(₹ Crore)
Date of Auction Date of Issue 91 Days 182 Days 364 Days Total
July 07, 2021 July 08, 2021 9,000 4,000 4,000 17,000
July 14, 2021 July 15, 2021 9,000 4,000 4,000 17,000
July 20, 2021 July 22, 2021 9,000 4,000 4,000 17,000
July 28, 2021 July 29, 2021 9,000 4,000 4,000 17,000
August 04, 2021 August 05, 2021 9,000 4,000 4,000 17,000
August 11, 2021 August 12, 2021 9,000 4,000 4,000 17,000
August 18, 2021 August 20, 2021 9,000 4,000 4,000 17,000
August 25, 2021 August 26, 2021 9,000 4,000 4,000 17,000
Sept. 01, 2021 Sept. 02, 2021 9,000 4,000 4,000 17,000
Sept. 08, 2021 Sept. 09, 2021 9,000 4,000 4,000 17,000
Sept. 15, 2021 Sept. 16, 2021 9,000 4,000 4,000 17,000
Sept. 22, 2021 Sept. 23, 2021 9,000 4,000 4,000 17,000
Sept. 29, 2021 Sept. 30, 2021 9,000 4,000 4,000 17,000
Total 117,000 52,000 52,000 221,000

2. The Government of India / Reserve Bank of India will continue to have the flexibility to modify the notified amount and timing for auction of Treasury Bills depending upon the requirements of the Government of India, evolving market conditions and other relevant factors, after giving due notice to the market. Thus, the calendar is subject to change, if circumstances so warrant including for reasons such as intervening holidays. Such changes, if any, will be communicated through press releases.

3. The auction of Treasury Bills will be subject to the terms and conditions specified in the General Notification No. F.4(2)-W&M/2018 dated March 27, 2018 issued by the Government of India, as amended from time to time.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/459

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