Category: RBI News

Reserve Bank of India – Tenders

Tenders

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Please refer the tender notice event No. RBI/Jammu/Estate/451/20-21/ET/693 published on the Bank’s website www.rbi.org.in on March 25, 2021, inviting E-tender for “Annual Maintenance Contract (AMC) for providing Fire Staff Services at RBI Office Premises in Jammu”.

In this connection, it is hereby informed that the last date for submission of bids has been extended up to 11:00 AM on April 15, 2021. The bids will be opened 11:30 AM onwards on April 15, 2021.

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

Date: 08.04.2021

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Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction on April 09, 2021, Friday, as under:

Sl. No. Notified Amount
(₹ crore)		 Tenor
(day)		 Window Timing Date of Reversal
1 2,00,000 14 10:30 am to 11:00 am April 23, 2021 (Friday)

2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/29

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Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs)

Notifications

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RBI/2021-22/20
DoR.LIC.REC.5/16.13.218/2021-22

April 8, 2021

Chief Executive Officers of Payments Banks

Dear Sir/Madam,

Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs)

Please refer to paragraph 3 of Statement on Developmental and Regulatory Policies dated April 7, 2021 on the above subject.

2. In terms of paragraph 4(i) of the ‘Guidelines for Licensing of Payments Banks’ (Licensing Guidelines) dated November 27, 2014, PBs were restricted to hold a maximum balance of ₹1 lakh per individual customer at the end of the day. It was also indicated in the guidelines that after gauging the performance of the PBs, RBI may consider increasing the maximum balance limit.

3. Considering the progress made by PBs in furthering financial inclusion and with the objective of giving more flexibility to the PBs, it has been decided to enhance the limit of maximum balance at the end of the day from ₹1 lakh to ₹2 lakh per individual customer of PBs with immediate effect.

4. The other terms and conditions of the Licensing Guidelines remain unchanged.

Yours faithfully

(Prakash Baliarsingh)
Chief General Manager

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Reserve Bank of India – Press Releases

Press Releases

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As announced in Governor’s statement of April 07, 2021, the Reserve Bank will conduct open market purchase of government securities of ₹1 lakh crore under the G-sec Acquisition Programme (G-SAP 1.0) in Q1 2021-22 with a view to enabling a stable and orderly evolution of the yield curve. The first purchase of government securities for an aggregate amount of ₹25,000 crore under G-SAP 1.0 will be conducted on April 15, 2021.

2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method:

Sr. No ISIN Security Date of Maturity Aggregate Amount
1 IN0020200211 4.48% GS 2023 02-Nov-2023 ₹25,000 crore
(There is no security-wise notified amount)
2 IN0020200278 5.15% GS 2025 09-Nov-2025
3 IN0020170026 6.79% GS 2027 15-May-2027
4 IN0020200294 5.85% GS 2030 01-Dec-2030
5 IN0020200245 6.22% GS 2035 16-Mar-2035

3. The Reserve Bank reserves the right to:

  • decide on the quantum of purchase of individual securities.

  • accept bids for less than the aggregate amount.

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

  • accept or reject any or all the bids either wholly or partially without assigning any reasons.

4. Eligible participants should submit their bids in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on April 15, 2021. Only in the event of system failure, physical bids would be accepted. Such physical bid 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 securities in their SGL account by 12 noon on April 16, 2021.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/28

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Reserve Bank of India – Notifications

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

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 April 09, 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 2026 11,000 262 262
GoI FRB 2033 4,000 96 96
New GS 2035 10,000 239 239
6.67% GS 2050 7,000 167 167

The underwriting auction will be conducted through multiple price-based method on April 09, 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: 2021-2022/27

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Reserve Bank of India – Press Releases

Press Releases

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The Result of the auction of State Development Loans for 2 State Governments held on April 08, 2021.

Table
(₹ in crore)
  ANDHRA PRADESH 2039 ANDHRA PRADESH 2038 RAJASTHAN 2031 RAJASTHAN 2025 Total
Notified Amount 1000 1000 1000 1000 4000
Underwriting Notified Amount NIL NIL NIL NIL  
Tenure 18 17 10 4  
Competitive Bids Received          
(i) No. 78 81 157 95 411
(ii) Amount 5231 5318.5 6726 6668 23943.5
Cut-off Yield (%) 6.78 6.78 6.75 5.94  
Competitive Bids Accepted          
(i) No. 1 1 35 32 69
(ii) Amount 975 975 936.434 980 3866.434
Partial Allotment Percentage of Competitive Bids          
(i) Percentage 97.5 97.5 15.1174 27.7108  
(ii) No. (1 bid) (1 bid) (12 bids) (3 bids)  
Non – Competitive Bids Received          
(i) No. 3 3 7 2 15
(ii) Amount 25 25 63.566 20 133.566
Non-Competitive Price 100 100 100.22 100.27  
Non-Competitive Bids Accepted          
(i) No. 3 3 7 2 15
(ii) Amount 25 25 63.566 20 133.566
Partial Allotment Percentage of Non-Competitive Bids          
(i) Percentage – – – –  
(ii) No. – – – –  
Weighted Average Yield (%) 6.78 6.78 6.7189 5.864  
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 1000 4000

Rupambara
Director   

Press Release: 2021-2022/26

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Reserve Bank of India – Press Releases

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

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) 434,922.08 3.03 0.01-5.30
     I. Call Money 10,360.36 3.14 1.90-3.50
     II. Triparty Repo 309,704.55 3.04 2.90-3.25
     III. Market Repo 114,652.17 2.98 0.01-3.25
     IV. Repo in Corporate Bond 205.00 5.30 5.30-5.30
B. Term Segment      
     I. Notice Money** 47.70 3.14 2.65-3.35
     II. Term Money@@ 37.45 – 3.20-3.30
     III. Triparty Repo 200.00 3.10 3.10-3.10
     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 Wed, 07/04/2021 1 Thu, 08/04/2021 720,001.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Wed, 07/04/2021 1 Thu, 08/04/2021  11.00 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 (-)]*		       -719,990.00  
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 (-)]*     113,204.06  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -606,785.94  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 07/04/2021 504,302.42  
     (ii) Average daily cash reserve requirement for the fortnight ending 09/04/2021 531,247.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 07/04/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 12/03/2021 839,252.00  
@ 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 : 2021-2022/23

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