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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 Press Release: 2021-2022/1226 |
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The following State Governments have offered to sell securities by way of auction, for an aggregate amount of ₹8,725 Cr. (Face Value).
| Sr. No. | State/UT | Amount to be raised (₹ Cr) |
Additional Borrowing (Greenshoe) Option (₹ Cr) | Tenure (Yrs) | Type of Auction |
| 1 | Assam | 600 | – | 10 | Yield |
| 2 | Bihar | 2000 | – | 9 | Yield |
| 3 | Himachal Pradesh | 500 | – | 9 | Yield |
| 500 | – | 10 | Yield | ||
| 500 | – | 11 | Yield | ||
| 500 | – | 12 | Yield | ||
| 4 | Karnataka | 1000 | – | 2 | Yield |
| 1000 | – | 10 | Yield | ||
| 5 | Puducherry | 125 | – | 7 | Yield |
| 6 | Tamil Nadu | 1000 | – | Re-issue of 6.99% Tamil Nadu SDL 2041 Issued on May 25, 2021 | Price |
| 7 | West Bengal | 1000 | – | 10 | Yield |
| TOTAL | 8725 |
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on November 23, 2021 (Tuesday). The Government Stock up to 10% of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions subject to a maximum limit of 1% of its notified amount for a single bid per stock as per the Scheme for Non-competitive Bidding Facility.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on November 23, 2021 (Tuesday). The non-competitive bids should be submitted between 10.30 A.M. and 11.00 A.M. and the competitive bids should be submitted between 10.30 A.M. and 11.30 A.M.
In case of technical difficulties, Core Banking Operations Team (email; Phone no: 022-27595666, 022-27595415, 022-27523516) may be contacted.
For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).
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.
The yield percent per annum expected by the bidder should be expressed up to two decimal points. An investor can submit more than one competitive bid at same/different rates of yield or prices in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. However, the aggregate amount of bids submitted by a bidder should not exceed the notified amount for each State.
The Reserve Bank of India will determine the maximum yield /minimum price at which bids will be accepted. Securities will be issued for a minimum nominal amount of ₹10,000.00 and multiples of ₹10,000.00 thereafter.
The results of the auction will be announced on November 23, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on November 24, 2021 (Wednesday) at Mumbai and at respective Regional Offices of RBI.
The State Government Stocks will bear interest at the rates determined by RBI at the auctions. For the new securities, interest will be paid half yearly on May 24 and November 24 of each year till maturity. The Stocks will be governed by the provisions of the Government Securities Act, 2006 and Government Securities Regulations, 2007.
The investment in State Government Stocks will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. The stocks will qualify for the ready forward facility.
Ajit Prasad
Director (Communications)
Press Release: 2021-2022/1225
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The Reserve Bank of India had constituted a Working Group (WG) on digital lending including lending through online platforms and mobile apps on January 13, 2021, with Shri Jayant Kumar Dash, Executive Director, RBI as the Chairman. The WG was set up in the backdrop of business conduct and customer protection concerns arising out of the spurt in digital lending activities. The WG has since submitted its report. The thrust of the report has been on enhancing customer protection and making the digital lending ecosystem safe and sound while encouraging innovation. The following are a gist of the key recommendations:
The Report is being placed on the RBI website today for comments of stakeholders and members of the public. Comments may be submitted by December 31, 2021 through email. The comments will be examined before a final view is taken on the recommendations and suggestions made by the WG. (Yogesh Dayal) Press Release: 2021-2022/1224 |
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A pre-bid meet for the captioned tender was conducted at 11:30 hrs on November 10, 2021 at Premises Department as per the schedule of tender in order to clarify the doubts in respect of terms and conditions of the tender. The following were present at the meeting along with the undersigned: 1. Shri. Ashutosh Singh (AGM) 2. Shri. Sunil Sahare (AGM) 3. Rashmi Gehani (Manager, COBM) 4. Santosh Katarnavare (AM) 5. Subhash Pawar (AM) 6. Arundhati Shinde (Asst) 7. Bhavna Yadav, M/s Weartech Engineers Pvt. Ltd. 8. Chintan Patel, M/s Activolt Tech Solutions Pvt. Ltd. 9. Rahul Kulkarni, M/s Activolt Tech Solutions Pvt. Ltd. Shri Ashutosh Singh, AGM explained in detail the scope of work to all the participants. The participants were informed that the eligibility criteria is minimum 5 years of experience in this field. They were also explained in detail that there would be no relaxation in the EMD amount to be paid by the vendors. The requirement that the batteries supplied should have FR/FL casing was also discussed. Few queries regarding the mode of payment of EMD, submission time limit were answered satisfactorily by the team COBM cell. The bidders were also advised to contact us in case of any doubts regarding the filing of quotation. |
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Ajit Prasad Press Release: 2021-2022/1222 |
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Ajit Prasad Press Release: 2021-2022/1221 |
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Ajit Prasad Press Release: 2021-2022/1220 |
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In the underwriting auctions conducted on November 18, 2021 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
Ajit Prasad Press Release: 2021-2022/1219 |
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