Reserve Bank of India – Press Releases

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1. Reserve Bank of India – Liabilities and Assets*
(₹ Crore)
Item 2020 2021 Variation
Apr. 10 Apr. 2 Apr. 9 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government 110942 -110942
4.2 State Governments 362 3372 2355 -1017 1993
* Data are provisional.

2. Foreign Exchange Reserves
Item As on April 9, 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 4343833 581213 125718 4344 124880 4230 708773 104738
1.1 Foreign Currency Assets 4031672 539455 109374 3017 107504 2762 672359 99117
1.2 Gold 263965 35320 15198 1297 16242 1440 26434 4184
1.3 SDRs 11153 1492 287 6 290 7 291 69
1.4 Reserve Position in the IMF 37042 4946 859 24 844 22 9689 1369
* Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding as on Mar. 26, 2021 Variation over
Fortnight Financial year so far Year-on-year
2019-20 2020-21 2020 2021
1 2 3 4 5 6
2 Liabilities to Others            
2.1 Aggregate Deposits 15113178 157373 993720 1545686 993720 1545686
2.1a Growth (Per cent)   1.1 7.9 11.4 7.9 11.4
2.1.1 Demand 1861203 164841 105716 244200 105716 244200
2.1.2 Time 13251974 -7468 888005 1301485 888005 1301485
2.2 Borrowings 244385 1098 -68815 -65053 -68815 -65053
2.3 Other Demand and Time Liabilities 650699 13286 60030 47024 60030 47024
7 Bank Credit 10951561 155743 599138 580700 599138 580700
7.1a Growth (Per cent)   1.4 6.1 5.6 6.1 5.6
7a.1 Food Credit 61254 -7938 10153 9490 10153 9490
7a.2 Non-food credit 10890307 163681 588985 571210 588985 571210

6. Money Stock: Components and Sources
(₹ Crore)
Item Outstanding as on Variation over
2020 2021 Fortnight Financial Year so far Year-on-Year
2019-20 2020-21 2020 2021
Mar. 31 Mar. 26 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 16799963 18772693 158878 0.9 1359563 8.8 1972730 11.7 1348036 8.7 1981064 11.8
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2349748 2757750 -1723 -0.1 289535 14.1 408001 17.4 286700 14.0 416005 17.8
1.2 Demand Deposits with Banks 1737692 1984256 165171 9.1 111180 6.8 246563 14.2 111180 6.8 246563 14.2
1.3 Time Deposits with Banks 12674016 13983341 -6122 0.0 952412 8.1 1309325 10.3 952412 8.1 1309325 10.3
1.4 ‘Other’ Deposits with Reserve Bank 38507 47347 1551 3.4 6435 20.3 8840 23.0 -2257 –5.6 9170 24.0
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 4960362 5692564 -138550 -2.4 673814 15.4 732202 14.8 630023 14.2 630260 12.5
2.1.1 Reserve Bank 992192 982063 -88428   292183   -10129   248392   -112071  
2.1.2 Other Banks 3968170 4710501 -50123 -1.1 381631 10.6 742331 18.7 381631 10.6 742331 18.7
2.2 Bank Credit to Commercial Sector 11038644 11612099 158168 1.4 654372 6.3 573455 5.2 654358 6.3 575008 5.2
2.2.1 Reserve Bank 13166 8524 13   -3750   -4642   -3764   -3089  
2.2.2 Other Banks 11025478 11603575 158155 1.4 658122 6.3 578097 5.2 658122 6.3 578097 5.2

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabi lisation Scheme OMO (Outright) Long Term Repo Opera tions & Targeted Long Term Repo Opera tions# Special Liquidity Facility for Mutual Funds Special Liquidity Scheme for NBFCs/ HFCs** Net Injection (+)/ Absorption (-) (1+3+5+6+ 9+10+11+ 12+13-2- 4-7-8)
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
Apr. 5, 2021 720562 13 1575 -718974
Apr. 6, 2021 728884 0 –197 -729081
Apr. 7, 2021 720001 11 -719990
Apr. 8, 2021 692763 137 -692626
Apr. 9, 2021 531695 200017 9 -731703
Apr. 10, 2021 2633 465 -2168
Apr. 11, 2021 5022 84 -4938
*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), 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.
**As per RBI Notification No. 2020-21/01 dated July 01, 2020. Negative (-) sign indicates maturity proceeds received for RBI’s investment in the Special Liquidity Scheme.
& Negative (-) sign indicates repayments done by Banks.

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

Rupambara
Director   

Press Release: 2021-2022/68

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Reserve Bank of India – Tenders

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Sealed quotations are invited by the Regional Director, Reserve Bank of India, Mumbai, for Non-Comprehensive Annual Maintenance Contract (AMC) for 02 Nos. Note Bundling Machine in Mumbai Regional Office for the period from June 1, 2021, to March 31, 2022, on “As is Where is Basis” and “No complaint Basis”. Contractors may apply in the prescribed quotation forms available with the General Manager, Issue Department, Reserve Bank of India, Mumbai Regional Office, Ground Floor, Shahid Bhagat Singh Marg, Fort, Mumbai 400001. The quotation forms for above mentioned contract can also be downloaded from the Bank’s website: www.rbi.org.in under the link: “https://www.rbi.org.in/Scripts/BS_ViewTenders.aspx“.

The quotation, quoting the amount (excluding taxes, if applicable) for carrying out the work, may be submitted in sealed envelope only super-scribing “Quotation for Non Comprehensive Annual Maintenance Contract for Note Bundling Machine” addressed to the General Manager, Issue Department, Reserve Bank of India, Mumbai Regional Office, Ground Floor, Shahid Bhagat Singh Marg, Fort, Mumbai – 400001 so as to reach her not later than 1100 hrs of May 07, 2021. Quotations received after 1100 hrs on May 07, 2021, will not be accepted. Quotations will be opened on the same day, i.e May 07, 2021, at 1630 hrs in the chamber of the General Manager, Reserve Bank of India, Issue Department, Mumbai Regional Office, Ground Floor, Mumbai – 400001. The bidders are advised to be present in person or send an authorized representative duly authorized by issuance of an ‘Authority Letter’ for the purpose.

Contents of the Standard Agreement are attached herewith.

For any queries regarding the quotation, the bidders may contact Issue Department, Reserve Bank of India, Mumbai Regional Office, Ground Floor, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001

Contact no: 022 – 2260 3048/3032.

Email: issuemumbai@rbi.org.in

The Bank reserves the right to reject any or all the quotations.

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Reserve Bank of India – Press Releases

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    3.96% GS 2022 * 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 99.56/4.2539% NA 99.11/6.8243%
III. Amount accepted in the auction ₹5,090.039 cr Nil ₹6,236.800 cr
IV. Devolvement on Primary Dealers Nil Nil Nil
* Greenshoe amount of ₹2,090.039 crore has been accepted
** Partial amount of ₹6,236.800 crore has been accepted

Rupambara
Director   

Press Release: 2021-2022/67

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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 April 16, 2021, a monetary penalty of ₹0.50 lakh (Rupees Fifty Thousand only) on The Mehkar Urban Co-operative Bank Ltd., Mehkar (the bank) for contravention of/ non-compliance with the directions issued by RBI to Urban Cooperative Banks on Board of Directors and Exposure Norms and Statutory/Other Restrictions. 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 Reserve Bank of India (RBI) on Board of Directors and Exposure Norms and Statutory/Other Restrictions. 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: 2021-2022/66

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Reserve Bank of India – Tenders

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Sealed quotations are invited by the Regional Director, Reserve Bank of India, Mumbai, for Non-Comprehensive Annual Maintenance Contract (AMC) for 75 Nos. Cash Cupboard Trolleys/Platform Trolleys/Handcart Trolleys/Hydraulic Trolleys in Mumbai Regional Office for the period from June 1, 2021, to March 31, 2022, on “As is Where is Basis” and “No complaint Basis”. Contractors may apply in the prescribed quotation forms available with the General Manager, Issue Department, Reserve Bank of India, Mumbai Regional Office, Ground Floor, Shahid Bhagat Singh Marg, Fort, Mumbai 400001. The quotation forms for above mentioned contract can also be downloaded from the Bank’s website: www.rbi.org.in under the link: “https://www.rbi.org.in/Scripts/BS_ViewTenders.aspx“.

The quotation, quoting the amount (excluding taxes, if applicable) for carrying out the work, may be submitted in sealed envelope only super-scribing “Quotation for Non Comprehensive Annual Maintenance Contract for Cash Cupboard Trolleys/Platform Trolleys/Handcart Trolleys/Hydraulic Trolleys” addressed to the General Manager, Issue Department, Reserve Bank of India, Mumbai Regional Office, Ground Floor, Shahid Bhagat Singh Marg, Fort, Mumbai – 400001 so as to reach her not later than 1100hrs of May 07, 2021. Quotations received after 1100 hrs on May 07, 2021, will not be accepted. Quotations will be opened on the same day, i.e May 07, 2021, at 1600hrs in the chamber of the General Manager, Reserve Bank of India, Issue Department, Mumbai Regional Office, Ground Floor, Mumbai – 400001. The bidders are advised to be present in person or send an authorized representative duly authorized by issuance of an ‘Authority Letter’ for the purpose.

Contents of the Standard Agreement are attached herewith.

For any queries regarding the quotation, the bidders may contact Issue Department, Reserve Bank of India, Mumbai Regional Office, Ground Floor, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001

Contact no: 022 – 2260 3048/3032.

Email: issuemumbai@rbi.org.in

The Bank reserves the right to reject any or all the quotations.

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Reserve Bank of India – Press Releases

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In the underwriting auctions conducted on April 16, 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)
3.96% GS 2022 3,000 1,512 1,488 3,000 4.00
5.85% GS 2030 14,000 7,014 6,986 14,000 47.17
6.76% GS 2061 9,000
Auction for the sale of securities will be held on April 16, 2021.

Rupambara
Director   

Press Release: 2021-2022/65

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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) 4,59,959.72 3.17 0.01-3.50
     I. Call Money 10,174.21 3.20 1.90-3.50
     II. Triparty Repo 3,42,321.15 3.22 3.05-3.26
     III. Market Repo 1,04,733.36 3.02 0.01-3.45
     IV. Repo in Corporate Bond 2,731.00 3.38 3.35-3.40
B. Term Segment      
     I. Notice Money** 294.40 3.24 2.70-3.45
     II. Term Money@@ 277.50 3.10-3.45
     III. Triparty Repo 200.00 3.25 3.25-3.25
     IV. Market Repo 400.00 0.01 0.01-0.01
     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 Thu, 15/04/2021 1 Fri, 16/04/2021 4,99,304.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo
3. MSF Thu, 15/04/2021 1 Fri, 16/04/2021 108.00 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 (-)]*
      -4,99,196.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 09/04/2021 14 Fri, 23/04/2021 2,00,017.00 3.48
  (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$       31,122.06  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -86,812.94  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -5,86,008.94  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 15/04/2021 5,10,294.52  
     (ii) Average daily cash reserve requirement for the fortnight ending 23/04/2021 5,37,119.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 15/04/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 26/03/2021 8,08,301.00  
@ 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 : 2021-2022/64

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Reserve Bank of India – Tenders

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NIT – RBI/Bhubaneswar/Estate/463/21-22/ET/711

Please refer to the tender notice for the captioned tender published on the Bank’s website www.rbi.org.in on April 07, 2021 inviting applications from eligible vendors for “Renovation of Toilets: RD’s Bungalow at Officers’ Quarters Nayapalli, Bhubaneswar, Odisha” through e-tender route on MSTC website (https://www.mstcecommerce.com/eprochome/rbi/).

The close bid date for the captioned tender has been extended.

Extended dates for submission of bids are as under:

1. Last date of Submission of EMD : April 20, 2021 by 2:00 PM
2. Date of closing of online e-Tender for submission of Techno-commercial Bid and Financial Bid : April 20, 2021 at 2:00 PM
3. Date & Time of opening of Part-I (i.e. Techno-Commercial Bid) : April 20, 2021 at 3:00 PM

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

Regional Director
RBI, Bhubaneswar

April 15, 2021

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Reserve Bank of India – Press Releases

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The Reserve Bank of India has launched the 53rd round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period January-March 2021 (Q4:2020-21).

The Reserve Bank has been conducting the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008. The information collected in the survey includes quantitative data on new orders received during the reference quarter, backlog of orders at the beginning of the quarter, pending orders at the end of the quarter, total inventories with a breakup between finished goods (FG), work-in-progress (WiP) and Raw material (RM) inventories at the end of the quarter, item-wise production in terms of quantity and value during the quarter vis-à-vis the installed capacity from the targeted group and the reasons for changes in production / installed capacity during the quarter. The level of capacity utilisation (CU) is estimated from these responses. The survey provides valuable input for monetary policy formulation.

The survey findings are released on the website of the bank regularly. The latest results pertaining to the quarter October-December 2020 were released on April 07, 2021.

During this quarter, selected manufacturing companies will be approached by the Bank. Other manufacturing companies may also participate in the survey by downloading the survey questionnaire from the Reserve Bank’s website https://www.rbi.org.in. The survey questionnaire is placed under the head ‘Forms’ (available under the ‘More Links’ at the bottom of the home page) and sub-head ‘Survey’. The duly authenticated filled-in survey schedule may be e-mailed as per contact details provided in the survey schedule.

Company level data are treated as confidential and never disclosed.

In case of any query/clarification, kindly contact us at the following address:

The Director, Division of Enterprise Surveys, Department of Statistics and Information Management, Reserve Bank of India, C-8, 2nd floor, Bandra-Kurla Complex, Bandra (East), Mumbai-400051, Phone-022-26578235/279; Please click here to send email.

Rupambara
Director   

Press Release: 2021-2022/63

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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 auction, for an aggregate amount of ₹ 3,250 Cr. (Face Value).

Sr. No. State Amount to be raised
(₹ Cr)
Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Yrs) Type of Auction
1 Arunachal Pradesh 400 10 Yield
2 Nagaland 350 10 Yield
3 Rajasthan 1000 10 Yield
4 Telangana 1500 30 Yield
  Total 3250      

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 19, 2021 (Monday). 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 April 19, 2021 (Monday). 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 April 19, 2021 (Monday) and payment by successful bidders will be made during banking hours on April 20, 2021 (Tuesday) 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 October 20 and April 20 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: 2021-2022/62

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