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Reserve Bank of India – Press Releases

May 24, 2021 root Press Releases

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The Result of the auction of State Development Loans for Six State Governments held on May 24, 2021.

Table
(₹ in crore)
	BIHAR 2027	KERALA 2033	KERALA 2031	MAHARASHTRA 2031 *
Notified Amount	2000	500	1000	1500
Underwriting Notified Amount	NIL	NIL	NIL	NIL
Tenure	6	12	10	10
Competitive Bids Received
(i) No.	109	91	107	170
(ii) Amount	12490	3542	5840	7715
Cut-off Yield (%)	6.39	6.84	6.78	6.78
Competitive Bids Accepted
(i) No.	2	12	39	81
(ii) Amount	1970	484.5	905.5	1816.35
Partial Allotment Percentage of Competitive Bids
(i) Percentage	82.0833	60.0676	14.9324	0.925
(ii) No.	(2 bids)	(9 bids)	(15 bids)	(28 bids)
Non – Competitive Bids Received
(i) No.	2	3	11	17
(ii) Amount	30	15.5	94.5	183.65
Non-Competitive Price	100	100.01	100.1	100.12
Non-Competitive Bids Accepted
(i) No.	2	3	11	17
(ii) Amount	30	15.5	94.5	183.65
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage	–	–	–	–
(ii) No.	–	–	–	–
Weighted Average Yield (%)	6.39	6.8382	6.7663	6.7638
Amount of Underwriting accepted from Primary Dealers	NIL	NIL	NIL	NIL
Devolvement on Primary Dealers	NIL	NIL	NIL	NIL
Total Allotment Amount	2000	500	1000	2000

	MAHARASHTRA 2032	RAJASTHAN 2031	RAJASTHAN 2026	SIKKIM 2031
Notified Amount	1000	1000	500	500
Underwriting Notified Amount	NIL	NIL	NIL	NIL
Tenure	11	10	5	10
Competitive Bids Received
(i) No.	133	101	74	51
(ii) Amount	4815	6295	4420	3217
Cut-off Yield (%)	6.83	6.76	6.1	6.78
Competitive Bids Accepted
(i) No.	54	8	6	5
(ii) Amount	920.669	900	495	469
Partial Allotment Percentage of Competitive Bids
(i) Percentage	4.373	90.6736	98.1818	76
(ii) No.	(25 bids)	(6 bids)	(3 bids)	(3 bids)
Non – Competitive Bids Received
(i) No.	9	11	1	6
(ii) Amount	79.331	105.5	5	31
Non-Competitive Price	100.1	100	100.04	100.04
Non-Competitive Bids Accepted
(i) No.	9	11	1	6
(ii) Amount	79.331	100	5	31
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage	–	94.7867	–	–
(ii) No.	–	(11 bids)	–	–
Weighted Average Yield (%)	6.8172	6.7597	6.0914	6.7745
Amount of Underwriting accepted from Primary Dealers	NIL	NIL	NIL	NIL
Devolvement on Primary Dealers	NIL	NIL	NIL	NIL
Total Allotment Amount	1000	1000	500	500

	TAMILNADU 2041	TAMILNADU 2046	Total
Notified Amount	1500	1500	11000
Underwriting Notified Amount	NIL	NIL
Tenure	20	25
Competitive Bids Received
(i) No.	64	40	940
(ii) Amount	5222	6420	59976
Cut-off Yield (%)	6.99	6.97
Competitive Bids Accepted
(i) No.	43	8	258
(ii) Amount	1485	1478	10924.019
Partial Allotment Percentage of Competitive Bids
(i) Percentage	20.1563	83.7267
(ii) No.	(13 bids)	(5 bids)
Non – Competitive Bids Received
(i) No.	1	2	63
(ii) Amount	15	22	581.481
Non-Competitive Price	100.16	100.02
Non-Competitive Bids Accepted
(i) No.	1	2	63
(ii) Amount	15	22	575.981
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage	–	–
(ii) No.	–	–
Weighted Average Yield (%)	6.9753	6.9681
Amount of Underwriting accepted from Primary Dealers	NIL	NIL
Devolvement on Primary Dealers	NIL	NIL
Total Allotment Amount	1500	1500	11500
* Maharashtra has accepted an additional amount of ₹500 crore in the 10 year Security.

Ajit Prasad
Director

Press Release: 2021-2022/263

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Reserve Bank of India – Tenders

May 24, 2021 root Tenders

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Reserve Bank of India invites E-Tender for Design, Supply, Installation, Testing and Commissioning of Grid Interactive (through Net-Metering) 25 KWp SPV based Solar Plant for Bank’s Residential Colony, Aliganj, Lucknow. The tendering would be done through the e-Tendering portal of MSTC Ltd (http://mstcecommerce.com/eprochome/rbi). All interested companies/agencies/firms must register themselves with MSTC Ltd through the above mentioned website to participate in the tendering process. The Schedule of e-Tender is as follows:

E-Tender No.	RBI/Lucknow/Estate/498/20-21/ET/771
Mode Of Tender	E-tender (Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi)
Estimated Cost	Rs. 12.50 lakh
Date of NIT (Notice Inviting Tender) available to parties for download	12:00 PM of May 24, 2021 onwards
Date by which the pre-bid queries shall be entertained through e-mail by Estate Department, RBI, Lucknow	June 05, 2021
(i) EMD through DD/NEFT and intimate/forward the transaction details (UTR number in case of NEFT) to milanmangal@rbi.org.in, edlucknow@rbi.org.in and upload www.mstcecommerce.com/eprochome/rbi(ii) Tender Fees- (NIL)	Rs. 25,000.00
Last Date of submission of EMD	14:00 PM of June 15, 2021
Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid	14:00 PM of May 24, 2021 onwards
Date of closing of online e-tender for submission of techno-commercial bid & price bid	14:00 PM of June 15, 2021
Date of opening of Part-I (techno-commercial bid)	15:00 PM of June 15, 2021
Date of opening of Part-II (price bid)	Shall be informed separately to parties
Transaction fee	Rs. 1180/- (i/c GST) Payment of Transaction fee through MSTC payment gateway /NEFT/RTGS in favour of MSTC LIMITED

Intending tenderers shall pay as earnest money a sum of Rs.25,000/- by way of NEFT to Reserve Bank of India, Lucknow or by a Demand Draft in favour of Reserve Bank of India payable at Lucknow.

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 bids. Tenders without EMD will not be accepted under any circumstances.

The Bank is not bound to accept the lowest tender and reserves the right to accept either in full or in part any tender. The Bank also reserves the right to reject all the tenders without assigning any reason thereof.

Any amendments / corrigendum to the tender, if any, issued in future will only be notified on the RBI Website/MSTC Website as given above and will not be published in the newspaper.

Regional Director
Reserve Bank of India
Lucknow

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Reserve Bank of India – Press Releases

May 24, 2021 root 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)	0.00	–	–
I. Call Money	0.00	–	–
II. Triparty Repo	0.00	–	–
III. Market Repo	0.00	–	–
IV. Repo in Corporate Bond	0.00	–	–
B. Term Segment
I. Notice Money**	0.00	–	–
II. Term Money^@@	0.00	–	–
III. Triparty Repo	0.00	–	–
IV. Market Repo	0.00	–	–
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	Sun, 23/05/2021	1	Mon, 24/05/2021	1,213.00	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	Sun, 23/05/2021	1	Mon, 24/05/2021	20.00	4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)^£
5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*				-1,193.00
II. Outstanding Operations
1. Fixed Rate
(i) Repo
(ii) Reverse Repo	Sat, 22/05/2021	2	Mon, 24/05/2021	9,956.00	3.35
	Fri, 21/05/2021	3	Mon, 24/05/2021	2,50,181.00	3.35
(iii) Special Reverse Repo^~	Fri, 21/05/2021	14	Fri, 04/06/2021	5.00	3.75
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo	Fri, 21/05/2021	14	Fri, 04/06/2021	2,00,016.00	3.47
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSF	Sat, 22/05/2021	2	Mon, 24/05/2021	3,037.00	4.25
	Fri, 21/05/2021	3	Mon, 24/05/2021	494.00	4.25
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 (-)]*				-3,72,483.00
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*				-3,73,676.00
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on		23/05/2021		5,95,240.36
		22/05/2021		5,96,318.50
(ii) Average daily cash reserve requirement for the fortnight ending		04/06/2021		6,14,682.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on^¥		21/05/2021		0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on		07/05/2021		7,41,854.00
^@ 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: 2021-2022/262

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Reserve Bank of India – Notifications

May 24, 2021 root Notifications

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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

May 24, 2021 root Press Releases

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Sr. No.	State	Notified Amount (₹ Cr)	Amount Accepted (₹ Cr)	Cut off Yield (%)	Tenure (Yrs)
1.	Bihar	2000	2000	6.39	6
2.	Kerala	1000	1000	6.78	10
2.	Kerala	500	500	6.84	12
3.	Maharashtra *	1500	2000	6.78	10
3.	Maharashtra *	1000	1000	6.83	11
4.	Rajasthan	500	500	6.10	5
4.	Rajasthan	1000	1000	6.76	10
5.	Sikkim	500	500	6.78	10
6.	Tamil Nadu	1500	1500	6.99	20
6.	Tamil Nadu	1500	1500	6.97	25
	Total	11000	11500
* Maharashtra has accepted an additional amount of ₹500 crore in the 10 year Security.

Ajit Prasad
Director

Press Release: 2021-2022/261

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Reserve Bank of India – Press Releases

May 24, 2021 root Press Releases

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(Amount in Crore of ₹)
		SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs)			ALL SCHEDULED BANKS
		08-MAY-2020	23-APR-2021 *	07-MAY-2021 *	08-MAY-2020	23-APR-2021 *	07-MAY-2021 *
I	LIABILITIES TO THE BKG.SYSTEM (A)
	a) Demand & Time deposits from bks.	258488.51	184447.7	174614.88	263897.72	189237.23	179162.47 **
	b) Borrowings from banks	66600.99	57129.63	68178.7	66601.03	57136.63	68275.13
	c) Other demand & time liabilities	16139.11	18509.28	18644.3	16288.27	18710.62	18915.41
II	LIABILITIES TO OTHERS (A)
	a) Deposits (other than from banks)	13850368.4	15134306.68	15216862.39	14267251.65	15563650.46	15641281.81
	i) Demand	1444744.77	1727331.86	1719822.98	1481685.8	1765451.09	1758128.34
	ii) Time	12405623.64	13406974.91	13497039.27	12785565.85	13798199.47	13883153.34
	b) Borrowings@	295156.27	236470.2	239392.96	299253.09	240912.15	244265.07
	c) Other demand & time liabilities	523291.36	557171.46	577939.99	535518.26	569117.17	590329.48
III	BORROWINGS FROM R.B.I. (B)	290858.11	89731	89591.86	290858.11	89731	89591.86
	Against usance bills and / or prom. Notes
IV	CASH	85362.43	93127.73	90736.17	87724.37	95211.59	92666.71
V	BALANCES WITH R.B.I. (B)	423722.32	552892.93	557032.49	436634.51	567983.37	572005.64
VI	ASSETS WITH BANKING SYSTEM
	a) Balances with other banks
	i) In current accounts	21521.19	28116.56	43432.81	23922.86	30211.19	45349.7
	ii) In other accounts	155992.27	126994.34	124118.08	190458.2	157824.13	153788.21
	b) Money at call & short notice	19310.35	9758.02	10793.08	48266.97	31656.14	26550.39
	c) Advances to banks (i.e. due from bks.)	24468.89	15167.74	15632.05	25874.83	17710.28	17969.23 £
	d) Other assets	58935.6	27003.93	25011.86	65870.97	29886.29	27898.14
VII	INVESTMENTS (At book value)	4028214.45	4478974.56	4573635.02	4152508.66	4616440.68	4708468.25
	a) Central & State Govt. securities+	4026633.4	4477794.43	4572397.13	4143778.03	4609196.71	4701296.49
	b) Other approved securities	1581.05	1180.13	1237.89	8730.64	7243.98	7171.76
VIII	BANK CREDIT (Excluding Inter Bank Advance)	10251832.99	10860396.27	10869487.05	10583075.98	11206972.18	11210861.35
	a) Loans, cash credits & Overdrafts$	10059199.96	10653545.16	10666099.7	10388066.9	10997796.19	11005182.28
	b) Inland Bills purchased	22356.97	29970.93	29697.08	22693.87	30381.32	29712.6
	c) Inland Bills discounted	130646.89	126565.31	121977.56	131920.48	127563.03	123188.32
	d) Foreign Bills purchased	14727.19	20012.33	18551.54	15013.52	20320.37	18855.51
	e) Foreign Bills discounted	24901.98	30302.57	33161.16	25381.22	30911.3	33922.62

NOTE
*	Provisional figures incorporated in respect of such banks as have not been able to submit final figures.
(A)	Demand and Time Liabilities do not include borrowings of any Scheduled State Co-operative Bank from State Government and any reserve fund deposits maintained with such banks by any co-operative society within the areas of operation of such banks.
**	This excludes deposits of Co-operative Banks with Scheduled State Co-operative Banks. These are included under item II (a).
@	Other than from Reserve Bank, National Bank for Agriculture and Rural Development and Export Import Bank of India.
(B)	The figures relating to Scheduled Commercial Banks’ Borrowings in India from Reserve Bank and balances with Reserve Bank are those shown in the statement of affairs of the Reserve Bank. Borrowings against usance bills and/ or promissory notes are under Section 17(4)(c) of the Reserve Bank of India Act, 1934. Following a change in the accounting practise for LAF transactions with effect from July 11, 2014, as per the recommendations of Malegam Committee formed to review the Format of Balance Sheet and the Profit and Loss Account of the Bank, the transactions in case of Repo/ Term Repo/MSF are reflected under “Borrowings from RBI”.
£	This excludes advances granted by Scheduled State Co-operative Banks to Co-operative banks. These are included under item VIII (a).
+	Includes Treasury Bills, Treasury Deposits, Treasury Savings Certificates and postal obligations.
$	Includes advances granted by Scheduled Commercial Banks and State Co-operative Banks to Public Food Procurement Agencies (viz. Food Corporation of India, State Government and their agencies under the Food consortium).

Food Credit Outstanding as on
(₹ in Crore)
Date	08-May-20	23-Apr-21	07-May-21
Scheduled Commercial Banks	69234.69	58334.89	85094.17
State Co-operative Banks	30407.05	35819.17	35818.89

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
Director

Press Release: 2021-2022/260

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Reserve Bank of India – Press Releases

May 24, 2021 root Press Releases

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April 14, 2015

Dear All

Welcome to the refurbished site of the Reserve Bank of India.

The site can be accessed through most browsers and devices; it also meets accessibility standards.

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 – Tenders

May 21, 2021 root Tenders

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A reference is invited to the advertisement – Application for Empanelment of Tailoring Firms for Stitching of Liveries at Reserve Bank of India, Chennai published on April 16, 2021 and on May 07, 2021 on our website www.rbi.org.in.

2. It has been decided to extend the last date for submission of tender documents till 03.00 PM of June 11, 2021. The other terms and conditions of the tender remain unchanged.

3. The tender will be opened on June 14, 2021 at 11.00 AM.

Chief General Manager (O-i-C)
Reserve Bank of India, Chennai

Place: Chennai
Date: May 21, 2021

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Reserve Bank of India – Press Releases

May 21, 2021 root Press Releases

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In terms of GoI notification F.No.4(5)-B(W&M)/2021 and RBI press release dated May 12, 2021, the Sovereign Gold Bond Scheme 2021-22 – Series II will be open for subscription for the period from May 24, 2021 to May 28, 2021. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. May 19, May 20 and May 21, 2021 works out to ₹4,842/- (Rupees Four thousand eight hundred and forty-two only) per gram of gold.

Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of ₹50/- per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of Gold Bond will be ₹4,792/- (Rupees Four thousand seven hundred and ninety-two only) per gram of gold.

(Yogesh Dayal)
Chief General Manager

Press Release: 2021-2022/258

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Reserve Bank of India – Press Releases

May 21, 2021 root Press Releases

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The Reserve Bank of India (RBl) has imposed, by an order dated May 21, 2021, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra (the bank) for contravention of/non-compliance with the directions issued by RBI to Urban Cooperative Banks on Income Recognition and Asset Classification (IRAC), Know Your Customer (KYC) and Frauds – Classification and Reporting. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Background

The inspection report of the bank based on its financial position as on March 31, 2018 and March 31, 2019, revealed, inter alia, contravention of/non-compliance with the directions issued by RBI to Urban Cooperative Banks on Income Recognition and Asset Classification (IRAC), Know Your Customer (KYC) and Frauds – Classification and Reporting. Based on the same, a Notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with the directions.

After considering the bank’s replies, RBI came to the conclusion that the aforesaid charge of non-compliance with RBI directions was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)
Chief General Manager

Press Release: 2021-2022/257

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