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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: 2021-2022/324 |
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The expression ‘ Banking System ‘ or ‘ Banks ‘ means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act, 1934. No. of Scheduled Commercial Banks as on Current Fortnight:133 Ajit Prasad Press Release: 2021-2022/322 |
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1. As announced in the Statement on Developmental and Regulatory Policies on June 04, 2021 it has been decided to open a separate liquidity window of ₹15,000 crore with tenors of up to three years at the repo rate till March 31, 2022 for certain contact-intensive sectors i.e., hotels and restaurants; tourism – travel agents, tour operators and adventure/heritage facilities; aviation ancillary services – ground handling and supply chain; and other services that include private bus operators, car repair services, rent-a-car service providers, event/conference organisers, spa clinics, and beauty parlours/saloons.
2. Under the scheme, banks are expected to create a separate COVID loan book. By way of an incentive, such banks will be eligible to park their surplus liquidity up to the size of the COVID loan book created under this scheme with the Reserve Bank under the reverse repo window at a rate which is 25 bps lower than the repo rate.
3. Banks desirous of deploying their own resources without availing funds from the Reserve Bank under the scheme for lending to the specified segments mentioned above will also be eligible for the incentive stipulated in para 2 above.
4. The operational details of the scheme are given in Annex-1.
(Yogesh Dayal)
Chief General Manager
Press Release: 2021-2022/323
The operational details of the On-Tap Liquidity Window for Contact-Intensive Sectors scheme are as under:
(a) The scheme will remain operational from June 07, 2021 till March 31, 2022.
(b) All banks eligible under the Liquidity Adjustment Facility (LAF) can participate in the scheme. Requests from banks desirous of availing funds from the RBI will be subject to availability of funds as on the date of application, i.e., funds cannot be guaranteed in case the total amount of ₹15,000 crore is already availed. Furthermore, banks should endeavour to lend within a reasonable period, i.e., not later than 30 days from the date of availing the funds from the RBI. There is no tenor restriction regarding lending by banks under the scheme. However, the banks will have to ensure that the amount borrowed from RBI should at all times be backed by lending to the specified sectors till maturity of the scheme.
(c) The scheme will be operationalised on tap. Banks can place requests for funds in the format enclosed in Annex-2, through e-mail. The Reserve Bank will aggregate all such requests received and release funds every Monday (on the subsequent working day if Monday is a holiday) by initiating a 3-year repo contract with the requesting bank.
(d) If a bank places multiple requests during the week, all such requests will be aggregated, and a single repo contract will be created on the date of operation.
(e) In case the requested amount exceeds the remaining amount under the scheme on the date of operation, the remaining amount will be distributed on pro-rata basis among all the eligible requests.
(f) The Reserve Bank reserves the right to decide the quantum of allotment and /or accept/reject any or all of the requests, either wholly/partially, without assigning any reason thereof.
(g) The eligible collateral and margin requirements will remain the same as applicable for LAF operations. The requesting bank must ensure that sufficient amount of securities is available in its Repo constituent account on the date of operation. All other terms and conditions as applicable to LAF operations, including facility for security substitution, will also be made applicable to the scheme, mutatis mutandis.
(h) Banks can park their surplus liquidity up to the size of the COVID loan book, created under this scheme, in a special 14-day reverse repo window to be conducted on each reporting Friday between 12:30 PM and 1:00 PM. The first such operation will be held on June 18, 2021. These 14-day reverse repo operations would continue till March 31, 2022 and will be reviewed thereafter. Banks are required to ensure scrupulous compliance with the above conditions prior to parking of funds in the special 14-day reverse repo window.
(i) Banks desirous of deploying their own resources without availing funds from the RBI under the scheme will also be eligible for the facility stipulated in para (h) above. Banks deploying their own resources for lending to the specified segments are required to keep the Financial Markets Operations Department informed by e-mail about any changes in the COVID loan book during the previous week on every Monday till closure of the scheme.
(j) The amount utilised under the scheme will be informed to market participants in the Money Market Operations (MMO) press release.
(k) All queries/clarifications regarding operational aspects of the facility may be directed to the Financial Markets Operations Department through e-mail and/or telephone (022-22630982). All technical issues may be directed to the e-Kuber Helpdesk through e-mail (ekuberhelpdesk@rbi.org.in with a copy to laffmd@rbi.org.in) and/or telephone (022-27595662/67/022-27595591 /92/93/94).
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Human Resource Management Department, Reserve Bank of India (hereinafter referred to as ‘the Bank’), Panaji invites e-tender in two parts (Part I- Technical Bid & Part II- Price Bid) from reputed Firms / Companies / Agencies for providing Integrated Facility Management Services (IFMS) at RBI, Panaji, Goa. The interested vendors must register themselves on the MSTC portal (http://mstcecommerce.com/eprochome/rbi) for participating through e-tendering. The contract will be valid for the period July 01, 2021 to June 30, 2022 extendable for a maximum of two more years, one year at a time, subject to satisfactory performance, or other periods as RBI may decide. The details of the tender document/corrigendum will be available only on RBI Website (https://www.rbi.org.in) and MSTC portal. The Tender (Part-I & Part-II) shall be submitted on or before 02:00 PM on June 25, 2021 through MSTC portal only. Any technical queries in respect of registering online may be got from MSTC helpdesk No. 033-22901004. The Bank reserves the right to reject any tender without assigning any reason thereof. |
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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 Wednesday, June 09, 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, June 10, 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 Press Release: 2021-2022/321 |
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RBI/2021-22/48 June 4, 2021 To Madam / Sir Payment of margins for transactions in Government Securities by Attention is invited to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 notified, vide Notification No. FEMA 3(R)/2018-RB dated December 17, 2018, as amended from time to time, and the relevant directions issued thereunder. 2. All transactions in government securities concluded outside the recognized stock exchanges are settled on a guaranteed basis by the Clearing Corporation of India Ltd. (CCIL) which acts as the central counter party. Based on requests received, it has been decided to allow banks in India having an Authorised Dealer Category-1 licence under FEMA, 1999 to lend to Foreign Portfolio Investors (FPIs) in accordance with their credit risk management frameworks for the purpose of placing margins with CCIL in respect of settlement of transactions involving Government Securities (including Treasury Bills and State Development Loans) by the FPIs. 3. Necessary amendments to Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 have been carried out, vide Notification No. FEMA 3(R)2/2021-RB dated May 24, 2021. 4. These Directions shall be applicable with immediate effect. 5. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/ approvals, if any, required under any other law. Yours faithfully (Dimple Bhandia) |
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RBI/2021-22/47
DOR.STR.REC.21/21.04.048/2021-22
June 4, 2021
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks
All All-India Financial Institutions
All Non-Banking Financial Companies (including Housing Finance Companies)
Madam / Dear Sir,
Resolution Framework – 2.0: Resolution of Covid-19 related stress of Micro, Small and
Medium Enterprises (MSMEs) – Revision in the threshold for aggregate exposure
A reference is invited to the circular DOR.STR.REC.12/21.04.048/2021-22 on “Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)” dated May 5, 2021.
2. Clause 2 of the above circular specifies the eligibility conditions for MSME accounts to be considered for restructuring under the framework, which inter alia include sub-clause (iii) which states that the aggregate exposure, including non-fund based facilities, of all lending institutions to the MSME borrower should not exceed ₹25 crore as on March 31, 2021.
3. Based on a review, it has been decided to enhance the above limit from ₹25 crore to ₹50 crore.
4. Consequently, clause 2(v) would stand modified as under:
“(v) The borrower’s account was not restructured in terms of the circulars DOR.No.BP.BC/4/21.04.048/2020-21 dated August 6, 2020; DOR.No.BP.BC.34/21.04.048/2019-20 dated February 11, 2020; or DBR.No.BP.BC.18/21.04.048/2018-19 dated January 1, 2019 (collectively referred to as MSME restructuring circulars) or the circular DOR.No.BP.BC/3/21.04.048/2020-21 dated August 6, 2020 on “Resolution Framework for COVID-19-related Stress.”
5. All other provisions of the circular remain unchanged.
Yours faithfully,
(Manoranjan Mishra)
Chief General Manager
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RBI/2021-22/46 June 4, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) Madam / Dear Sir, Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and A reference is invited to circular DOR.STR.REC.11/21.04.048/2021-22 on “Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses” dated May 5, 2021. 2. Clause 5 of the above circular specifies the eligible borrowers who may be considered for resolution under the framework and includes the following sub-clauses:
3. Based on a review, it has been decided to enhance the above limits from ₹25 crore to ₹50 crore. 4. All other provisions of the circular remain unchanged. Yours faithfully, (Manoranjan Mishra) |
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Ajit Prasad Press Release: 2021-2022/320 |
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The Reserve Bank of India, Kanpur intends to prepare a panel of vendors for translation of FAQ’s, Circulars, Notifications, Speeches and Press Releases in Urdu for Bank’s Multilingual Website for a period of two years and eight months, i.e., from August 01, 2021 to March 31, 2024, subject to satisfactory performance. 2. Accordingly, the Reserve Bank of India invites applications from tenderers who fulfil the eligibility criteria and agree to the terms and conditions mentioned in the tender document. The application in the prescribed form should reach the Regional Director, Reserve Bank of India, Kanpur on or before 11:00 AM of June 28, 2021 through post or e-mail (ditkanpur@rbi.org.in). The Reserve Bank of India reserves the right to accept any application or reject any or all of the applications received without assigning any reasons. 3. The schedule for the Tendering process is as under:
Detailed terms and conditions and the tender document are available in the Tender Section of the Reserve Bank’s website www.rbi.org.in. Note: All the tenderers may please note that any amendments / corrigendum to the Tender, if issued in future, will only be notified on the RBI Website as given above. Regional Director Date: June 04, 2021 |
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