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The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5,00,000/- (Five Lakh Rupees) on The Bihar Awami Co-operative Bank Ltd. in exercise of powers vested in it under the provisions of Section 47 A read with Section 46 (4) and Section 56 of the Banking Regulation Act, 1949 (AACS) for violation of the extant directions on Know Your Customer and guidelines in the matter of exchange of Specified Bank Notes, issued by the Reserve Bank of India.

The Reserve Bank of India had issued a show cause notice and also provided an opportunity of personal hearing to the bank, in response to which the bank submitted a written reply. After considering the facts of the case and the bank’s reply in the matter, the Reserve Bank came to the conclusion that the violations were substantiated and warranted imposition of penalty.

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.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/46

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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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A technical upgrade of RTGS, targeted to enhance the resilience and to further improve the Disaster Recovery Time of the RTGS system, is scheduled after the close of business of April 17, 2021. Accordingly, RTGS service will not be available from 00:00 hrs to 14.00 hrs on Sunday, April 18, 2021. The NEFT system will continue to be operational as usual during this period.

Member banks may inform their customers to plan their payment operations accordingly.

RTGS Members will continue to receive event update(s) through system broadcasts.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/44

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(Amount in Crore of ₹)
  SCHEDULED COMMERCIAL BANKS
(Including RRBs and SFBs)		 ALL SCHEDULED BANKS
27-MAR-2020 12-MAR-2021* 26-MAR-2021* 27-MAR-2020 12-MAR-2021* 26-MAR-2021*
I LIABILITIES TO THE BKG.SYSTEM (A)            
  a) Demand & Time deposits from bks. 234348.32 190878.13 196241.82 239943.36 195477.34 200960.91**
  b) Borrowings from banks 64001.4 37822.6 40864.9 64001.4 37972.58 40870.9
  c) Other demand & time liabilities 16163.35 17870.79 17896.17 16294.78 18392.91 18111.74
II LIABILITIES TO OTHERS (A)            
  a) Deposits (other than from banks) 13567492.12 14955804.73 15113177.73 13975550.86 15374901.7 15539580.11
  i) Demand 1617003.14 1696362.33 1861203.27 1653241.96 1733207.81 1899278.07
  ii) Time 11950488.98 13259442.45 13251974.42 12322308.9 13641693.93 13640302
  b) Borrowings@ 309438.68 243287.75 244385.46 313907.93 247629.93 248528.71
  c) Other demand & time liabilities 603675.9 637413.72 650699.4 616490.71 649551.47 663537.68
III BORROWINGS FROM R.B.I. (B) 286442.99 84615.68 90274.68 286442.99 84615.68 90274.68
  Against usance bills and / or prom. Notes            
IV CASH 87260.32 91794.75 90752.01 89671.31 93802.17 92790.15
V BALANCES WITH R.B.I. (B) 505130.9 461182.2 542692.69 519410.78 473734.22 557951.44
VI ASSETS WITH BANKING SYSTEM            
  a) Balances with other banks            
  i) In current accounts 14456.57 14814.96 14234.88 17203.76 17161.03 16554.69
  ii) In other accounts 140944.59 125352.34 129067.92 164255.95 158398.51 162625.83
  b) Money at call & short notice 20273.09 8931.23 10653.82 43334.73 32924.1 36476
  c) Advances to banks (i.e. due from bks.) 30531.5 16637.54 16765.37 38266.3 19921.84 19909.98£
  d) Other assets 54031.96 24749.91 26985.97 60619.49 27738.8 29831.31
VII INVESTMENTS (At book value) 3747349.13 4515011.06 4462520.64 3865543.51 4649447.66 4598835.67
  a) Central & State Govt. securities+ 3738696.15 4513933.42 4461626.6 3850819.11 4641929.8 4591807.14
  b) Other approved securities 8652.99 1077.64 894.03 14724.4 7517.86 7028.53
VIII BANK CREDIT (Excluding Inter Bank Advance) 10370860.68 10795818.31 10951561.13 10705336.37 11136983.88 11298820.41
  a) Loans, cash credits & Overdrafts$ 10149508.76 10607102.74 10738541.31 10480933.63 10941356.43 11083473.1
  b) Inland Bills purchased 25657.57 26190.97 30531.2 26214.04 26528.06 30895.91
  c) Inland Bills discounted 145683.01 112138.93 127883.18 147209.43 113053.75 128831.2
  d) Foreign Bills purchased 20457.6 19363.14 20394.47 20865.53 19652.6 20762.92
  e) Foreign Bills discounted 29553.75 31022.62 34210.94 30113.75 36393.12 34857.25
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 27-Mar-20 12-Mar-21 26-Mar-21
Scheduled Commercial Banks 51763.97 69192.4 61254.38
State Co-operative Banks 30408.52 30398.49 30398.49

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

Rupambara
Director   

Press Release : 2021-2022/42

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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 96 137 92
(ii) Amount ₹ 53,870 Crore ₹ 44,570 Crore ₹ 24,065 Crore
III. Cut-off price / Yield 99.1718 98.2325 96.3858
(YTM: 3.3496%) (YTM: 3.6085%) (YTM: 3.7600%)
IV. Competitive Bids Accepted      
(i) Number 33 64 23
(ii) Amount ₹ 14,999.95 Crore ₹ 15,000.00 Crore ₹ 6,000.00 Crore
V. Partial Allotment Percentage of Competitive Bids 35.86% 44.63% 89.13%
(2 Bids) (3 Bids) (2 Bids)
VI. Weighted Average Price/Yield 99.1746 98.2432 96.3979
(WAY: 3.3382%) (WAY: 3.5863%) (WAY: 3.7470%)
VII. Non-Competitive Bids Received      
(i) Number 2 1 1
(ii) Amount ₹ 2,000.05 Crore ₹ 425.00 Crore ₹ 1,115.00 Crore
VIII. Non-Competitive Bids Accepted      
(i) Number 2 1 1
(ii) Amount ₹ 2,000.05 Crore ₹ 425.00 Crore ₹ 1,115.00 Crore
(iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids)

Rupambara
Director   

Press Release: 2021-2022/43

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I. T-Bill 91 days 182 days 364 days
II. Total Face Value Notified ₹15,000 Crore ₹15,000 Crore ₹6,000 Crore
III. Cut-off Price and Implicit Yield at Cut-Off Price 99.1718
(YTM: 3.3496%)		 98.2325
(YTM: 3.6085%)		 96.3858
(YTM: 3.7600%)
IV. Total Face Value Accepted ₹15,000 Crore ₹15,000 Crore ₹6,000 Crore

Rupambara
Director   

Press Release: 2021-2022/41

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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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(Amount in ₹ crore, Rate in Per cent)
  Volume
(One Leg)		 Weighted
Average Rate 		Range
A. Overnight Segment (I+II+III+IV) 4,48,589.50 2.97 0.01-5.30
     I. Call Money 10,777.45 3.15 1.90-3.50
     II. Triparty Repo 3,24,453.50 2.99 2.88-3.36
     III. Market Repo 1,11,684.55 2.86 0.01-3.30
     IV. Repo in Corporate Bond 1,674.00 3.34 3.25-5.30
B. Term Segment      
     I. Notice Money** 350.60 3.10 2.65-3.57
     II. Term Money@@ 235.00 – 3.00-3.60
     III. Triparty Repo 0.00 – –
     IV. Market Repo 2,555.00 2.52 0.01-3.20
     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 Fri, 09/04/2021 3 Mon, 12/04/2021 5,31,695.00 3.35
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 Fri, 09/04/2021 3 Mon, 12/04/2021 9.00 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 (-)]*		       -7,31,703.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (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 (-)]*     1,13,204.06  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -6,18,498.94  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 09/04/2021 5,35,652.09  
     (ii) Average daily cash reserve requirement for the fortnight ending 09/04/2021 5,31,247.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 09/04/2021 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 : 2021-2022/39

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Reserve Bank of India, in public interest, had issued Directions under Sub-Section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS) to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal vide Directive DCBS.CO.BSD-III/D-17/12.29.054/2018-19 dated June 27, 2019. Directions imposed were extended and modified from time to time, last being up to April 09, 2021 vide Directive DOR.CO.AID.No.D-50/12.29.054/2020-21 dated January 07, 2021.

Reserve Bank, on being satisfied that in the public interest it is necessary to do so, in exercise of the powers vested in it under sub-section (2) of section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), hereby withdraws with effect from April 10, 2021, the said Directions so issued to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/38

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The following State Governments have offered to sell securities by way of auction, for an aggregate amount of ₹ 1,700 Cr. (Face Value).

Sr. No. State/ UT Amount to be raised
(₹ Cr)		 Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure
(Yrs)		 Type of Auction
1. Jammu and Kashmir 500 – 12 Yield
2. Meghalaya 200 – 10 Yield
3. Rajasthan 1000 – 10 Yield
  Total 1700

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 15, 2021 (Thursday). 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 15, 2021 (Thursday). 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 15, 2021 (Thursday) and payment by successful bidders will be made during banking hours on April 16, 2021 (Friday) 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 16 and April 16 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: 2021-2022/37

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