Category: RBI News

Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India vide directive DCBS.CO.BSD-I/D-3/12.22.163/2018-19 dated October 26, 2018 had placed The Needs of Life Co-operative Bank Ltd, Mumbai under Directions from the close of business on October 29, 2018 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to April 30, 2021.

2. It is hereby notified for the information of the public that the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till October 31, 2021 as per the directive DOR.MON/No.D-06/12.22.160/2021-22 dated April 26, 2021, subject to review.

3. All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated April 26, 2021 notifying the above extension is displayed at the bank’s premises for the perusal of public.

4. The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/136

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Reserve Bank of India – Press Releases

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) 411,283.59 3.23 0.01-5.30
     I. Call Money 12,149.01 3.22 1.90-3.50
     II. Triparty Repo 293,262.10 3.25 3.20-3.29
     III. Market Repo 103,860.48 3.16 0.01-3.40
     IV. Repo in Corporate Bond 2,012.00 3.46 3.40-5.30
B. Term Segment      
     I. Notice Money** 245.45 3.07 2.50-3.45
     II. Term Money@@ 114.75 – 2.70-3.60
     III. Triparty Repo 0.00 – –
     IV. Market Repo 294.47 3.35 3.35-3.35
     V. Repo in Corporate Bond 1,030.00 3.45 3.45-3.45
  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, 29/04/2021 1 Fri, 30/04/2021 430,126.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Thu, 29/04/2021 1 Fri, 30/04/2021 4.00 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 (-)]*		       -430,122.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 23/04/2021 14 Fri, 07/05/2021 200,017.00 3.47
  (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$       22,702.06  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -95,232.94  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -525,354.94  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 29/04/2021 518,416.49  
     (ii) Average daily cash reserve requirement for the fortnight ending 07/05/2021 538,082.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 29/04/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 09/04/2021 712,322.00  
@ 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 : 2021-2022/135

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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. Review of supervisory processes under Risk Based Supervision Model and benchmarking global best practices in supervisory processes.

2. Review of supervisory rating models under CAMELS approach for Urban Co-operative Banks and NBFCs.

Last date for receipt of EOI is May 31, 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

“Don’t get cheated by Emails/SMSs/calls promising you money”

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Reserve Bank of India – Tenders

Tenders

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Regional Director, Reserve Bank of India, Bengaluru invites e-Tender through MSTC for General Repairs and Repainting of Banks Main Office Building and Residential Building at RBI Main Office Premises, Bengaluru. The e-Tender along with the detailed tender notice is available at MSTC website https://www.mstcecommerce.com/eprochome/rbi and the website of the RBI at https://www.rbi.org.in under the menu “Tenders”.

2. All empanelled bidders must register themselves with MSTC through the above referred website to participate in the e-Tendering process.

3. The estimated cost of the work is ₹23.53 lakh (approx.), however the actual amount may vary.

4. The schedule for the e-Tendering process is as under:

A E-Tender No. RBI/Bengaluru/Estate/478/2020-21/ET/732
B Mode of Tender e-Procurement System
(Online Part I – Techno-Commercial Bid and Part II – Price Bid through
www.mstcecommerce.com/eprochome/rbi)
C Date of NIT available to parties to download 10.00 am of April 30, 2021
D Earnest Money Deposit Rs.47,060/- from each bidder in the from Demand Draft / Bank Guarantee / NEFT to the Bank (details under para “bidding in e-tender)
E Start Bid Date 11.00 am on April 30, 2021
F Last Date for submission of the tender 3.00 pm on June 01, 2021
G Date of opening of Part I (Technical Bid) of tender 3.30 pm on June 01, 2021

5. The Part-II i.e. price bid will be opened on the same day or at a later date as intimated by the Bank in respect of only those contractors/bidders who satisfies all criteria stipulated in Part-I. The Bank reserves the right to accept or reject any or all e-Tenders without assigning any reasons thereof.

Note: All the tenderers may please note that any amendments / corrigendum to the e-Tender, if issued in future, will only be notified on the RBI and MSTC Website as given above and will not be published in the newspaper.

Regional Director
Bangalore

April 30, 2021

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Reserve Bank of India – Tenders

Tenders

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Sealed bids are invited for the sale of Honda BR V – TS 09 FG 4203 on “As Is Where Is, No Complaint” basis stationed at RBI Hyderabad office at 6-1-56, Saifabad, Hyderabad.

2. Tender forms can be downloaded from Bank’s website (www.rbi.org.in) under section tenders or can be obtained from Reserve Bank of India, Estate Department, 6-1-56, Saifabad, Hyderabad-500004 up to 14:00 hrs May 20, 2021. Terms and conditions are enclosed with tender documents. Tender forms addressed to The Regional Director, Reserve Bank of India, Estate Department, 6-1-56, Secretariat Road, Saifabad, Hyderabad-500004 in a sealed envelope should reach the office of RBI, Hyderabad not later than 14:00 hours on May 20, 2021.

3. The tenders will be opened at 15:00 hrs. on May 20, 2021 in the presence of the tenderers who wish to be present.

General Manager (O-i-C)
Reserve Bank of India, Hyderabad
29.04.2021

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Reserve Bank of India – Press Releases

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The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹12,900 Cr. (Face Value).

Sr. No. State/ UT Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Yrs) Type of Auction
1. Haryana 1000 – 15 Yield
1500 – Re-issue of 6.68% Haryana SDL 2039 issued on August 19, 2020 Price
2. Jammu and Kashmir 400 – 12 Yield
3. Maharashtra 2000 500 11 Yield
2000 500 12 Yield
4. Rajasthan 1500 – 10 Yield
5. Tamil Nadu 1500 – 10 Yield
1500 – Re-issue of 6.53% Tamil Nadu SDL 2031 issued on January 06, 2021 Price
6. Telangana 1500 – 30 Yield
  Total 12900     

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on May 04, 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 May 04, 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 May 04, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on May 05, 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 November 05 and May 05 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.

Rupambara
Director   

Press Release: 2021-2022/134

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Reserve Bank of India – Press Releases

Press Releases

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A meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC) was held today (April 29, 2021) in virtual format. Shri Shaktikanta Das, Governor, Reserve Bank of India, chaired the meeting.

The Sub-Committee undertook an extensive review of the major developments in the global and domestic economy as well as in various segments of the financial system and discussed the assessments of the members of the scenario emerging from the second wave of the COVID-19 pandemic. It also discussed various inter-regulatory issues and reviewed the activities of various technical groups under its purview and the functioning of State Level Coordination Committees (SLCCs) in various states / UTs. The members resolved to remain vigilant and proactive to ensure financial markets and financial institutions remained resilient in the face of fresh challenges brought on by the resurgence of the pandemic.

The meeting was attended by the members of the Sub-Committee – Shri Ajay Tyagi, Chairman, Securities and Exchange Board of India (SEBI); Dr. Subhash Chandra Khuntia, Chairman, Insurance Regulatory and Development Authority of India (IRDAI); Shri Supratim Bandyopadhyay, Chairman, Pension Fund Regulatory and Development Authority (PFRDA); Shri Injeti Srinivas, Chairperson, International Financial Services Centres Authority (IFSCA); Shri Ajay Seth, Secretary, Department of Economic Affairs; Shri Debasish Panda, Secretary, Department for Financial Services; Shri Tarun Bajaj, Secretary, Department of Revenue; Shri Rajesh Verma, Secretary, Ministry of Corporate Affairs; Shri Ajay Prakash Sawhney, Secretary, Ministry of Electronics and Information Technology; Dr. Krishnamurthy Subramanian, Chief Economic Adviser; Dr. Shashank Saksena, Secretary, Financial Stability and Development Council; Deputy Governors of the Reserve Bank – Shri Mahesh Kumar Jain, Dr. Michael Debabrata Patra and Shri M. Rajeshwar Rao; and Dr. O. P. Mall, Executive Director of the Reserve Bank. Shri Sudhaker Shukla, Whole Time Member attended on behalf of the Insolvency and Bankruptcy Board of India (IBBI).

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/133

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Reserve Bank of India – Tenders

Tenders

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The captioned advertisement for inviting applications for “Empanelment of Tailors for Stitching of Liveries and Supply of Liveries items” at Reserve Bank of India, Bhopal was published on March 17, 2021 on website www.rbi.org.in.

It has been decided to extend the last date for download / submission of tender form till 11:00 a.m. of May 19, 2021. The bids will be opened at 3:00 a.m on May 19, 2021.

All other terms and conditions mentioned in the tender remain unchanged.

Regional Director
Reserce Bank of India
Bhopal

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Reserve Bank of India – Press Releases

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On a review of current liquidity and financial conditions, the Reserve Bank of India has decided to conduct simultaneous purchase and sale of Government securities under Open Market Operations (OMO) for an aggregate amount of ₹10,000 crore each on May 06, 2021.

2. Accordingly, the details of securities for the simultaneous purchase and sale of Government securities under Open Market Operations (OMOs) are as under:

Purchase

The Reserve Bank of India will purchase the following securities using the multiple price auction method:

Sr. No ISIN Security Date of Maturity Aggregate Amount
1 IN0020160035 6.97% GS 2026 06-Sep-2026 ₹10,000 crore
(There is no security-wise notified amount)
2 IN0020170174 7.17% GS 2028 08-Jan-2028
3 IN0020200294 5.85% GS 2030 01-Dec-2030

Sale

The Reserve Bank of India will simultaneously sell the following securities using the multiple price auction method:

Sr. No ISIN Security Date of Maturity Aggregate Amount
1 IN002021Y031 182 DTB 21102021 21-Oct-2021 ₹10,000 crore
(There is no security-wise notified amount)
2 IN002021Y049 182 DTB 28102021 28-Oct-2021

3. The Reserve Bank reserves the right to:

  • decide on the quantum of purchase/sale of individual securities.

  • accept bids/offers for less than the aggregate amount.

  • purchase/sell marginally higher/lower than the aggregate amount due to rounding-off.

  • accept or reject any or all the bid/offers either wholly or partially without assigning any reasons.

4. Eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on May 06, 2021. Only in the event of system failure, physical bids/offers would be accepted. Such physical bid/offer should be submitted to Financial Markets Operations Department (email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before 11:00 am.

5. The result of the auctions will be announced on the same day and successful participants should ensure availability of funds/securities in their Current account/SGL account, as the case may be, by 12 noon on May 07, 2021.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/132

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Reserve Bank of India – Tenders

Tenders

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The captioned advertisement for inviting applications for “Empanelment of Vendors for Supply of General Stationery, Printing Stationery, Computer Consumables and Rubber Stamp” at Reserve Bank of India, Bhopal was published on March 17, 2021 on website www.rbi.org.in.

It has been decided to extend the last date for download / submission of tender forms till 11:00 a.m. of May 19, 2021. The bids will be opened at 3:00 p.m. on May 19, 2021.

All other terms and conditions mentioned in the tender remain unchanged.

Regional Director
Reserve Bank of India
Bhopal

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