Category: RBI News

Reserve Bank of India – Press Releases

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Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on May 14 2021.

As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:

(₹ in crore)
Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction
New GS 2023 3,000 72 72
5.85% GS 2030 14,000 334 334
6.76% GS 2061 9,000 215 215

The underwriting auction will be conducted through multiple price-based method on May 14, 2021 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 09:00 A.M. and 09:30 A.M. on the date of underwriting auction.

The underwriting commission will be credited to the current account of the respective PDs with RBI on the date of issue of securities.

Rupambara
Director   

Press Release: 2021-2022/198

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Reserve Bank of India – Press Releases

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Auction Results 91 days 182 days 364 days
I. Notified Amount ₹15000 Crore ₹15000 Crore ₹6000 Crore
II. Competitive Bids Received
(i) Number
(ii) Amount		 85
₹44905 Crore		 153
₹46678.655 Crore		 106
₹26887 Crore
III. Cut-off price / Yield 99.1670
(YTM: 3.3692%)		 98.2510
(YTM: 3.5701%)		 96.4229
(YTM: 3.7200%)
IV. Competitive Bids Accepted
(i) Number
(ii) Amount		 28
₹14992.196 Crore		 61
₹14991.604 Crore		 21
₹5997.68 Crore
V. Partial Allotment Percentage of Competitive Bids 13.72%
(1 Bid)		 24.11%
(10 Bids)		 12.13%
(1 Bid)
VI. Weighted Average Price/Yield ₹99.1697
(WAY: 3.3582%)		 ₹98.2569
(WAY: 3.5578%)		 ₹96.4324
(WAY: 3.7098%)
VII. Non-Competitive Bids Received
(i) Number
(ii) Amount		 4
₹3307.804 Crore		 2
₹8.396 Crore		 2
₹2.32 Crore
VIII. Non-Competitive Bids Accepted
(i) Number
(ii) Amount
(iii) Partial Allotment Percentage		 4
₹3307.804 Crore
100% (0 Bids)		 2
₹8.396 Crore
100% (0 Bids)		 2
₹2.32 Crore
100% (0 Bids)

Rupambara
Director    

Press Release: 2021-2022/197

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Reserve Bank of India – Press Releases

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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

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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) 383,821.98 3.27 0.01-5.30
     I. Call Money 11,625.86 3.21 1.90-3.50
     II. Triparty Repo 259,614.30 3.26 3.00-3.27
     III. Market Repo 108,118.82 3.29 0.01-3.45
     IV. Repo in Corporate Bond 4,463.00 3.56 3.42-5.30
B. Term Segment      
     I. Notice Money** 267.30 3.34 2.65-3.40
     II. Term Money@@ 585.00 – 3.05-3.55
     III. Triparty Repo 550.00 3.23 3.20-3.24
     IV. Market Repo 105.00 3.45 3.45-3.45
     V. Repo in Corporate Bond 225.00 3.55 3.55-3.55
  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 Tue, 11/05/2021 1 Wed, 12/05/2021 390,733.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Tue, 11/05/2021 1 Wed, 12/05/2021 0.00 4.25
4. Long-Term Repo Operations –   –   –
5. Targeted Long Term Repo Operations – – – – –
6. Targeted Long Term Repo Operations 2.0 – – – – –
7. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -390,733.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 07/05/2021 14 Fri, 21/05/2021 200,020.00 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
D. Standing Liquidity Facility (SLF) Availed from RBI$       5,573.71  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -112,364.29  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -503,097.29  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 11/05/2021 511,353.09  
     (ii) Average daily cash reserve requirement for the fortnight ending 21/05/2021 534,650.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 11/05/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 23/04/2021 726,433.00  
@ 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.
Rupambara
Director   
Press Release: 2021-2022/195

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Reserve Bank of India – Tenders

Tenders

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The Department of Supervision, Reserve Bank of India, Central Office, Mumbai invites Expression of Interest (EOI) from eligible firms of repute for engagement as consultant for:

1. Manpower assessment of the Department of Supervision on Zero-Based Budgeting basis in terms of numbers and skill sets.

Last date for receipt of EOI is June 15, 2021 by 12 PM. For details, please visit our website (www.rbi.org.in). Further, Addendum/ Corrigendum, if any, shall be uploaded only on our website. The decision of the Bank, in this regard, shall be final and binding on all.

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

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Minutes of the Pre-bid Meeting – Providing Fire Staff Services (06 Firemen and 03 Fire Supervisors) at RBI Office Premises in Bhopal

Tenders

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A Pre-Bid meeting was organized on May 04, 2021 in NTH at 1500 Hrs. for tender no. RBI/HRMD/BHOPAL/75/20-21/ET/712 – Providing Fire Staff Services at RBI Bhopal. The tender was floated on April 09, 2021 through RBI website.

Pre-Bid meeting was scheduled offline and was not mandatory for the bidding parties to attend. Only one participant Shri. Rajesh Tiwari form M/s SIS (I) Ltd. attended the meeting.

Flt. Lt. Girdhari Lal, AGM (P&S) informed him about the tender document and the corrigendum issued on April 16, 2021, regarding the issuance of initial work order for 10 months.

No further queries were asked by the participant.

The Pre-Bid meeting concluded with vote of thanks at 1520 hrs.

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Reserve Bank of India – Press Releases

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The Result of the auction of State Development Loans for Seven State Governments held on May 11, 2021.

Table

(₹ in crore)
  ANDHRA PRADESH 2037 ANDHRA PRADESH 2038 HARYANA 2031 MAHARASHTRA 2032
Notified Amount 1000 1000 1000 1500
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 16 17 10 11
Competitive Bids Received        
(i) No. 56 43 110 176
(ii) Amount 3724.6 3538 5524 6982
Cut-off Yield (%) 6.94 6.94 6.79 6.84
Competitive Bids Accepted        
(i) No. 12 5 21 48
(ii) Amount 947.998 939.803 900 1355.364
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 42.6341 46.6236 25.3521 42.3242
(ii) No. (6 bids) (4 bids) (9 bids) (15 bids)
Non – Competitive Bids Received        
(i) No. 3 5 13 13
(ii) Amount 52.002 60.197 149.403 144.636
Non-Competitive Price 100.01 100 100.13 100.1
Non-Competitive Bids Accepted        
(i) No. 3 5 13 13
(ii) Amount 52.002 60.197 100 144.636
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage – – 66.9331 –
(ii) No. – – (13 bids) –
Weighted Average Yield (%) 6.9385 6.9399 6.7724 6.827
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 1000 1000 1000 1500

  MAHARASHTRA 2033 MIZORAM 2033 RAJASTHAN 2031 RAJASTHAN 2026
Notified Amount 1500 150 500 500
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 12 12 10 5
Competitive Bids Received        
(i) No. 169 31 87 86
(ii) Amount 5770 956 3640 6575
Cut-off Yield (%) 6.88 6.9 6.77 6.13
Competitive Bids Accepted        
(i) No. 60 5 9 7
(ii) Amount 1350 148.495 450 474.918
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 20 63.0528 91.4894 43.2787
(ii) No. (23 bids) (3 bids) (4 bids) (2 bids)
Non – Competitive Bids Received        
(i) No. 10 2 11 4
(ii) Amount 150.123 1.505 95.688 25.082
Non-Competitive Price 100.15 100.02 100.07 100.08
Non-Competitive Bids Accepted        
(i) No. 10 2 11 4
(ii) Amount 150 1.505 50 25.082
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage 99.9181 – 52.2532 –
(ii) No. (10 bids) – (11 bids) –
Weighted Average Yield (%) 6.8613 6.8976 6.7602 6.1108
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 1500 150 500 500

  TAMILNADU 2055 TAMILNADU 2050 WEST BENGAL 2031 Total
Notified Amount 1500 1500 2000 12150
Underwriting Notified Amount NIL NIL NIL  
Tenure Re-issue of 6.63% Tamil Nadu SDL 2055 issued on July 08, 2020 Re-issue of 6.49% Tamil Nadu SDL 2050 issued on July 22, 2020 10  
Competitive Bids Received        
(i) No. 30 51 139 978
(ii) Amount 5758 6598 6632 55697.6
Cut-off Yield (%) 6.9301 6.9297 6.83  
Competitive Bids Accepted        
(i) No. 1 1 56 225
(ii) Amount 1484.842 1474.986 1800 11326.406
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 98.9895 98.3324 91.3979  
(ii) No. (1 bid) (1 bid) (12 bids)  
Non – Competitive Bids Received        
(i) No. 3 3 13 80
(ii) Amount 15.158 25.014 262.216 981.024
Non-Competitive Price 96.08 94.51 100.15  
Non-Competitive Bids Accepted        
(i) No. 3 3 13 80
(ii) Amount 15.158 25.014 200 823.594
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage – – 76.273  
(ii) No. – – (13 bids)  
Weighted Average Yield (%) 6.9301 6.9297 6.8088  
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL  
Devolvement on Primary Dealers NIL NIL NIL  
Total Allotment Amount 1500 1500 2000 12150

Rupambara
Director   

Press Release: 2021-2022/194

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Reserve Bank of India – Press Releases

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The Reserve Bank of India (RBl) has imposed, by an order dated May 10, 2021, a monetary penalty of ₹3.50 lakh (Rupees Three Lakh Fifty Thousand only) on Siddheshwar Sahakari Bank Ltd., Latur, Maharashtra (the bank) for contravention of/non-compliance with the directions issued by RBI to Urban Cooperative Banks on Exposure Norms and Statutory/ Other Restrictions and Income Recognition and Asset Classification (IRAC) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (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, 2019, revealed, inter alia, contravention of/ non-compliance with the directions issued by RBI on Exposure Norms and Statutory/ Other Restrictions and IRAC norms. 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 and oral submissions made during the personal hearing, 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: 2021-2022/192

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Reserve Bank of India – Press Releases

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The Reserve Bank of India (RBl) has imposed, by an order dated May 10, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Shankar Nagari Sahakari Bank Limited, Nanded, Maharashtra (the bank) for contravention of/non-compliance with directions issued by the RBI to Urban Co-operative Banks on Exposure Norms and Statutory/ Other Restrictions – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (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, 2019, revealed, inter alia, contravention of/non-compliance with directions issued by the Reserve Bank of India on Exposure Norms. 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 and oral submissions made during the personal hearing, 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: 2021-2022/193

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Reserve Bank of India – Tenders

Tenders

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Reserve Bank of India (RBI) desires to implement Next Generation Firewall Solution, Endpoint Protection (EPP) – EDR and Email security with Sandbox Solution. The broad scope of this project includes Supply, Design, Installation, Implementation, Integration, Support & Maintenance and Comprehensive Facilities Management in respect of proposed Next Generation Firewall Solution, Endpoint Protection (EPP) – EDR and Email security with Sandbox Solution.

For the above project, the Bank invites bids for selection of System Integrator through e-tendering route. This “Request for Proposal” (RFP) is not following Reverse Auction route. The RFP document for the project is hosted on MSTC Limited website.

Steps to be performed by the bidder:

  1. Bidder needs to register themselves on the MSTC website (https://www.mstcecommerce.com/eprochome/rbi/). Vendor registration manual is present on MSTC website. Bidder needs to have valid Digital Certificate with signing and encryption rights. The bidders are requested to ensure that they have the same, well in advance. For any assistance for bidding purpose, bidder can contact MSTC e-Procurement team directly (Ms. Archana, Assistant Manager, MSTC, +91-9990673698/022-22872011).

  2. Post successful registration, Bidder can access the RFP document and related annexures.

  3. Bidder can upload their respective technical and commercial bids on the above mentioned MSTC portal. It is to be noted that Bidders will be able to view and access their own bids only.

  4. The last date for submission of bids is June 8, 2021 at 1500 hrs. on the MSTC website.

Chief General Manager-in-Charge
Department of Information Technology

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