Category: RBI News

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
Jun. 5 May 28 Jun. 4 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government – – – – –
4.2 State Governments 8806 6473 11235 4762 2429
* Data are provisional.

2. Foreign Exchange Reserves
Item As on June 4, 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 4417018 605008 83554 6842 198066 28024 625005 103305
1.1 Foreign Currency Assets 4094919 560890 84842 7362 170751 24197 590620 97260
1.2 Gold 274540 37604 -1522 -502 26817 3724 30007 5252
1.3 SDRs 11050 1513 75 -1 186 28 149 71
1.4 Reserve Position in the IMF 36510 5000 159 -16 312 75 4229 722
*Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding as on May. 21, 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 15166808 -50058 262423 53280 1330357 1336894
2.1a Growth (Per cent)   –0.3 1.9 0.4 10.6 9.7
2.1.1 Demand 1694752 -25017 -172096 -166457 131818 249845
2.1.2 Time 13472056 -25041 434519 219737 1198539 1087049
2.2 Borrowings 244661 5773 -18650 636 -67020 -46128
2.3 Other Demand and Time Liabilities 563200 -14704 -84761 -93414 34521 44285
7 Bank Credit 10833589 -36399 -148108 -115923 601208 610835
7.1a Growth (Per cent)   –0.3 –1.4 –1.1 6.2 6.0
7a.1 Food Credit 90663 5569 27652 29409 13694 11247
7a.2 Non-food credit 10742926 -41968 -175760 -145332 587514 599589

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. 26 May 21 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 18773142 18933423 -27806 -0.1 430945 2.6 160281 0.9 1809831 11.7 1702515 9.9
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2757847 2862466 23145 0.8 163038 6.9 104618 3.8 395420 18.7 349679 13.9
1.2 Demand Deposits with Banks 1984261 1819170 -24360 -1.3 -172942 -10.0 -165091 –8.3 136998 9.6 254420 16.3
1.3 Time Deposits with Banks 13983686 14203336 -26147 -0.2 437828 3.5 219650 1.6 1264337 10.7 1091492 8.3
1.4 ‘Other’ Deposits with Reserve Bank 47347 48451 -445 -0.9 3021 7.8 1104 2.3 13076 46.0 6923 16.7
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 5692569 5823113 -148360 -2.5 591230 11.9 130543 2.3 947185 20.6 271520 4.9
2.1.1 Reserve Bank 982063 1025199 -128203   273808   43136   386791   -240801  
2.1.2 Other Banks 4710506 4797914 -20157 -0.4 317422 8.0 87407 1.9 560394 15.0 512322 12.0
2.2 Bank Credit to Commercial Sector 11610050 11486691 -41912 -0.4 -164204 -1.5 -123360 –1.1 644781 6.3 612250 5.6
2.2.1 Reserve Bank 8524 1435 -4542   -7486   -7089   -3565   -4245  
2.2.2 Other Banks 11601526 11485256 -37370 -0.3 -156718 -1.4 -116270 –1.0 648346 6.3 616495 5.7

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabili sation Sche me 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 Purchase
1 2 3 4 5 6 7 8 9 10 11 12 13 14
May 31, 2021 – 359149 – – 0 – – – 795 – – – – -358354
Jun. 1, 2021 – 402563 – – 0 – – – 500 – – – – -402063
Jun. 2, 2021 – 404497 – – 0 – – – – – – – – -404497
Jun. 3, 2021 – 406786 – – 209 – – – 290 – – – – -406287
Jun. 4, 2021 – 358822 – 200029 0 – – – 620 – – – 150 -558381
Jun. 5, 2021 – 35574 – – 1021 – – – – – – – – -34553
Jun. 6, 2021 – 999 – – 38 – – – – – – – – -961
* 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 the Press Release: 2021-2022/177 dated May 07, 2021, as an additional incentive Banks are eligible to park their surplus liquidity up to the size of the COVID loan book under a special 14-day reverse repo window to be conducted on each reporting Friday at a rate which is 25 bps lower than the repo rate.

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: 2021-2022/354

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Reserve Bank of India – Tenders

Tenders

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The tender for the captioned work was invited on June 03, 2021 and the last date of submission of the tender was kept June 24, 2021.

2. In connection to the above, we are arranging a pre-bid meeting on June 17, 2021 at 11.30 AM on 5th Floor, Main Office Building, Reserve Bank of India, Near Gandhi Bridge, Ahmedabad, Gujarat – 380014.

3. All concerned may please take note of the above.

4. The Corrigendum and minutes of Pre-bid meeting shall form part of the Tender Documents. Duly signed and stamped copies of the same have to be uploaded by the bidders along with the Tender. Any bid received without sign and stamp is liable to be rejected.

Regional Director
Reserve Bank of India
Ahmedabad Regional Office

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Reserve Bank of India – Annual Report

Publications

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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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The results of the auctions of 4.26% Government Stock 2023 (Re-Issue), 5.85% Government Stock 2030 (Re-Issue), 6.76% Government Stock 2061 (Re-Issue) held on June 11, 2021 are:

Auction Results 4.26 GS 2023* 5.85% GS 2030 6.76% GS 2061
I. Notified Amount ₹3000 Crore ₹14000 Crore ₹9000 Crore
II. Underwriting Notified Amount ₹3000 Crore ₹14000 Crore ₹9000 Crore
III. Competitive Bids Received      
(i) Number 147 291 250
(ii) Amount ₹16659.118 Crore ₹39125 Crore ₹25662 Crore
IV. Cut-off price / Yield 100.12 98.97 97.27
(YTM: 4.1929%) (YTM: 5.9938%) (YTM: 6.9625%)
V. Competitive Bids Accepted      
(i) Number 18 4 78
(ii) Amount ₹3747.823 Crore ₹4000 Crore ₹8990.879 Crore
VI. Partial Allotment Percentage of Competitive Bids 76.26%
(6 Bids)		 0%
(0 Bids)		 31.10%
(2 Bids)
VII. Weighted Average Price/Yield 100.14 98.99 97.34
(WAY: 4.1820%) (WAY: 5.9910%) (WAY: 6.9572%)
VIII. Non-Competitive Bids Received      
(i) Number 3 6 6
(ii) Amount ₹2.177 Crore ₹24.237 Crore ₹9.121 Crore
IX. Non-Competitive Bids Accepted      
(i) Number 3 6 6
(ii) Amount ₹2.177 Crore ₹24.237 Crore ₹9.121 Crore
(iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids)
X. Amount of Underwriting accepted from primary dealers ₹3000 Crore ₹14000 Crore ₹9000 Crore
XI. Devolvement on Primary Dealers 0 ₹9975.763 Crore 0
* Greenshoe amount of ₹750 crore has been accepted

Ajit Prasad
Director   

Press Release: 2021-2022/353

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Addendum – Expression of Interest – Consultant for Manpower Assessment/Planning

Tenders

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Please refer to the advertisement dated May 11, 2021 regarding submission of EOI for engagement of External Consultant to undertake Manpower Assessment/Planning exercise for the Department of Supervision. In this connection, it may be noted that the EOI documents received till 12pm on June 15, 2021 shall be opened on June 17, 2021 at 11am at RBI, WTC, 3rd Floor, Cuffe Parade, Mumbai. Due to situation of pandemic, physical presence of outsiders is being avoided in line with Government guidelines. Consultants desirous of attending the EOI opening process through virtual mode may send in a request at the following email id – tagmpe@rbi.org.in. All other terms and conditions mentioned in the EOI remain unchanged.

Chief General Manager-in-Charge
Department of Supervision, Central Office

Mumbai

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Reserve Bank of India – Press Releases

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    4.26% GS 2023* 5.85% GS 2030 6.76% GS 2061
I. Notified Amount ₹3,000 cr ₹14,000 cr ₹9,000 cr
II. Cut off Price / Implicit Yield at cut-off 100.12/4.1929% 98.97/5.9938% 97.27/6.9625%
III. Amount accepted in the auction ₹3,750 cr ₹4024.237 cr ₹9,000 cr
IV. Devolvement on Primary Dealers Nil ₹9,975.763 cr Nil
* Green shoe amount of ₹750 crore has been accepted

Ajit Prasad
Director   

Press Release: 2021-2022/352

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Reserve Bank of India – Press Releases

Press Releases

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In the underwriting auctions conducted on June 11, 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:

(₹ crore)
Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate
(paise per ₹100)
4.26% GS 2023 3,000 1,512 1,488 3,000 0.35
5.85% GS 2030 14,000 7,014 6,986 14,000 8.00
6.76% GS 2061 9,000 4,515 4,485 9,000 8.80
Auction for the sale of securities will be held on June 11, 2021.

Ajit Prasad
Director   

Press Release: 2021-2022/351

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Risk Based Internal Audit (RBIA)

Notifications

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RBI/2021-22/53
DoS.CO.PPG.SEC/03/1.01.005/2021-22

June 11, 2021

The Chairman / Managing Director / Chief Executive Officer of:
All deposit taking HFCs
All non-deposit taking HFCs with asset size of ₹5,000 crore and above

Madam/Dear Sir,

Risk Based Internal Audit (RBIA)

Please refer to the circular Ref. No. DoS.CO.PPG/SEC.05/11.01.005/2020-21 dated February 03, 2021 on the captioned subject.

2. On a review, it has been decided that the provisions of the aforesaid circular shall be applicable to Housing Finance Companies (HFCs) also, as stipulated below:

  1. All deposit taking HFCs, irrespective of their size

  2. Non-deposit taking HFCs with asset size of ₹5,000 crore and above

3. The above-mentioned entities shall put in place a RBIA framework by June 30, 2022, in accordance with the provisions of the aforesaid circular.

Yours faithfully,

(Ajay Kumar Choudhary)
Chief General Manager-in-charge

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Reserve Bank of India – Press Releases

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The Reserve Bank of India (RBI) has extended the Directions issued to the People’s Co-operative Bank Limited, Kanpur (Uttar Pradesh) for a further period of three months from June 11, 2021 to September 10, 2021, subject to review. The bank has been under directions since June 10, 2020 vide directive DoS.CO.UCBs-North/D-1/12.28.059/2019-20 dated June 09, 2020 issued under Section 35A of the Banking Regulation Act, 1949 (AACS).

The validity of the directive, which was last extended up to June 10, 2021 has further been extended for a period of three months from June 11, 2021 to September 10, 2021 vide directive No.DOR.MON.D-12/12.28.059/2021-22 dated June 08, 2021, subject to review. A copy of the directive dated June 08, 2021 is displayed at the bank’s premises for the perusal of public.

The modification of the directive by the Reserve Bank should per se not be construed as improvement or deterioration in the financial position of the bank. The Reserve Bank may consider modifications of the directive depending upon circumstances.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/350

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Reserve Bank of India – 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) 358,062.52 3.25 1.25-3.45
     I. Call Money 6,946.72 3.09 1.90-3.40
     II. Triparty Repo 246,559.35 3.23 3.20-3.27
     III. Market Repo 104,556.45 3.28 1.25-3.45
     IV. Repo in Corporate Bond 0.00   –
B. Term Segment      
     I. Notice Money** 476.20 3.00 2.60-3.40
     II. Term Money@@ 106.00 – 3.25-3.40
     III. Triparty Repo 400.00 3.24 3.24-3.24
     IV. Market Repo 60.00 3.35 3.35-3.35
     V. Repo in Corporate Bond 1,085.00 3.52 3.50-5.75
  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 Thu, 10/06/2021 1 Fri, 11/06/2021 367,572.00 3.35
     (iii) Special Reverse Repo~          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Thu, 10/06/2021 1 Fri, 11/06/2021 0.00 4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
5. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -367,572.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
     (iii) Special Reverse Repo~ Fri, 04/06/2021 14 Fri, 18/06/2021 150.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 04/06/2021 14 Fri, 18/06/2021 200,029.00 3.46
  (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
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
D. Standing Liquidity Facility (SLF) Availed from RBI$       1,662.00  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -116,035.00  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -483,607.00  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 10/06/2021 604,998.97  
     (ii) Average daily cash reserve requirement for the fortnight ending 18/06/2021 611,914.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 10/06/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 21/05/2021 843,197.00  
@ 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.
Ajit Prasad
Director   
Press Release: 2021-2022/349

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