Category: RBI News

Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India (RBI) has imposed, by an order dated March 17, 2021, a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on Priyadarshini Urban Co-operative Bank Ltd, Adoni, Kurnool District, Andhra Pradesh (the bank) for contravention of / non-compliance with the directions issued by RBI on sanction of loans to Directors of the Bank, “Income Recognition and Asset Classification norms”, and “Exposure Norms and Statutory / Other restrictions – UCBs”. This penalty has been imposed on the bank 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 (AACS) taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI.

This action is based on the 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 Sanction of Loans to Directors, Income Recognition, Asset Classification, Provisioning Norms and 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 contravention of/ non-compliance with the directions.

After considering the bank’s written reply and the oral submissions made during the Personal Hearing, RBI came to the conclusion that the aforesaid charges of non-compliance with RBI directions were substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1263

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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 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 March 25, 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 will purchase the following securities using the multiple price auction method:

Sr. No ISIN Security Date of Maturity Aggregate Amount
1 IN0020200278 5.15% GS 2025 09-Nov-2025 ₹10,000 crore
(There is no security-wise notified amount)
2 IN0020200294 5.85% GS 2030 01-Dec-2030
3 IN0020200245 6.22% GS 2035 16-Mar-2035

Sale

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

Sr. No ISIN Security Date of Maturity Aggregate Amount
1 IN0020020072 8.35% GS 2022 14-May-2022 ₹10,000 crore
(There is no security-wise notified amount)
2 IN0020120013 8.15% GS 2022 11-Jun-2022

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 March 25, 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 March 26, 2021.

6. The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly functioning of financial markets.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1262

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Reserve Bank of India – Tenders

Tenders

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E-tender No: RBI/New Delhi/Estate/401/20-21/ET/611 published on dated 26/02/2021

The schedule of tender activities for the captioned work has been revised as under:

Also, the EMD amount of Rs.32,000/- (Rupees Thirty Two Thousand only) may be deposited either in the form of NEFT / BG (as per Annexure III of NIT part 1).

Details for NEFT:
Beneficiary Name: RBI New Delhi
IFSC: RBIS0NDPA01
Account No.: 186004001

In case of any clarification, please feel free to contact us at Estate Department, Reserve Bank of India, 6, Sansad Marg, New Delhi.

Regional Director

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Reserve Bank of India – Press Releases

Press Releases

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A. I. SUMMARY – OMO PURCHASE RESULTS

Aggregate Amount (Face value) notified by RBI : ₹ 10,000 crore
Total amount offered (Face value) by participants : ₹ 24,931 crore
Total amount accepted (Face value) by RBI : ₹ 10,000 crore

A. II. DETAILS OF OMO PURCHASE ISSUE

Security 5.15% GS 2025 5.85% GS 2030 7.95% GS 2032
No. of offers received 167 161 54
Total amount (face value) offered (₹ in crore) 10,148 11,885 2,898
No. of offers accepted 69 54 10
Total offer amount (face value) accepted by RBI (₹ in crore) 4,169 5,024 807
Cut off yield (%) 5.8030 6.1784 6.8405
Cut off price (₹) 97.37 97.62 108.70
Weighted average yield (%) 5.8131 6.1882 6.8622
Weighted average price (₹) 97.33 97.55 108.52
Partial allotment % of competitive offers at cut off price 58.45 NA NA

B. I. SUMMARY – OMO SALE RESULTS

Aggregate Amount (Face value) notified by RBI : ₹ 10,000 crore
Total amount bid (Face value) by participants : ₹ 11,150 crore
Total amount accepted (Face value) by RBI : ₹ 4,750 crore

B. II. DETAILS OF OMO SALE ISSUE

Security 8.35% GS 2022 8.15% GS 2022
No. of bids received 14 6
Total bid amount (face value) (₹ in crore) 7,450 3,700
No. of bids accepted 4 1
Total bid amount (face value) accepted by RBI (₹ in crore) 3,750 1,000
Cut off yield (%) 4.2552 4.2641
Cut off price (₹) 104.55 104.59
Weighted average yield (%) 4.2205 4.2641
Weighted average price (₹) 104.59 104.59
Partial allotment % of competitive bids at cut off price NA NA

Ajit Prasad
Director   

Press Release: 2020-2021/1261

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Reserve Bank of India – Press Releases

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A. OMO PURCHASE ISSUE

Security 5.15% GS 2025 5.85% GS 2030 7.95% GS 2032
Total amount notified (₹ in crore) Aggregate amount of ₹10,000 crore
(no security-wise notified amount)
Total amount (face value) accepted by RBI (₹ in crore) 4,169 5,024 807
Cut off yield (%) 5.8030 6.1784 6.8405
Cut off price (₹) 97.37 97.62 108.70

B. OMO SALE ISSUE

Security 8.35% GS 2022 8.15% GS 2022
Total amount notified (₹ in crore) Aggregate amount of ₹10,000 crore
(no security-wise notified amount)
Total amount (face value) accepted by RBI (₹ in crore) 3,750 1,000
Cut off yield (%) 4.2552 4.2641
Cut off price (₹) 104.55 104.59

Detailed results will be issued shortly.

Ajit Prasad
Director   

Press Release: 2020-2021/1260

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Reserve Bank of India – Tenders

Tenders

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E-Tender No. RBI/Central Office/DBS/2/20-21/ET/543

Please refer to the tender notice for the captioned tender published on the Bank’s website www.rbi.org.in on February 12, 2021 inviting applications for tender for Annual Maintenance Contract (AMC) and Facility Management Service (FMS) for Computer Hardware, Software and peripherals at RBI, Department of Supervision, Central Office, Mumbai and Legal Department, Central Office, Mumbai.

In this regard, it has been decided to cancel the tender process and float a new tender. Timelines for the new tender would be floated on RBI website (https://www.rbi.org.in/Scripts/BS_ViewTenders.aspx) and MSTC website (https://www.mstcecommerce.com/eprochome/rbi) in due course of time.

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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 March 19, 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
5.15% GS 2025 11,000 262 262
5.85% GS 2030 11,000 262 262

The underwriting auction will be conducted through multiple price-based method on March 19, 2021 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 9:00 A.M. and 9:30 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.

Ajit Prasad
Director   

Press Release: 2020-2021/1259

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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 – Tenders

Tenders

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E-tender- No: RBI/Kochi/Estate/423/20-21/ET/660

Reserve Bank of India, Kochi invites two-part tender by e-tender mode for Renovation of Visiting Officers Flats (I Block, 2nd Floor) at Bank’s Staff Quarters, Kaloor, Kochi. The tendering would be done through the E-Tendering mode from empanelled contractors.

The Schedule of e-Tender is as follows:

a. E-Tender No. RBI/Kochi/Estate/423/20-21/ET/660
b. Name of work: Renovation of Visiting Officers Flats (I Block, 2nd Floor) at Bank’s Staff Quarters, Kaloor, Kochi
c. Mode of Tender e-Procurement System Online (Part I – Techno- Commercial Bid and Part II – Financial Bid through MSTC portal (https://www.mstcecommerce.com/eprochome/rbi)
d. Date of NIT available to the parties to download / View Tender Time 10:00 Hrs of March 18, 2021 onwards
e. Estimated cost of work (for an year) ₹ 9,54,945/- (Rupees Nine lakh fifty four thousand nine hundred and forty five only) inclusive of GST
f. Earnest Money Deposit (EMD) Shall be collected from successful bidder @2% of the Contract value of work, on awarding the work.
g. Bidding start date of Techno- Commercial Bid and Financial Bid at https://mstcecommerce.com/eprochome/rbi 10:00 Hrs. of March 18, 2021
h. Date of closing of online e-Tender for submission of Techno-Commercial Bid & Financial Bid 14:00 Hrs. of March 24, 2021
i. Date & time of opening of Part-I (i.e. Techno-Commercial Bid) 15:00 Hrs. of March 24, 2021
j. Date & Time of opening of Part- II (Financial Bid) On same day above or subsequent day which will be intimated to all the bidders later
k. Transaction Fee Amount as advised by M/s MSTC Ltd.

(Vijay Kumar Nayak)
General Manager (O-i-C)
Reserve Bank of India
Kochi
March 18, 2021

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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) 4,04,117.30 3.24 0.01-5.30
     I. Call Money 11,047.30 3.25 2.10-3.50
     II. Triparty Repo 2,86,876.70 3.29 3.19-3.40
     III. Market Repo 1,06,138.30 3.12 0.01-3.50
     IV. Repo in Corporate Bond 55.00 5.30 5.30-5.30
B. Term Segment      
     I. Notice Money** 231.00 3.20 2.50-3.40
     II. Term Money@@ 360.00 – 3.40-4.40
     III. Triparty Repo 0.00 – –
     IV. Market Repo 400.00 2.95 2.90-3.00
     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, 17/03/2021 1 Thu, 18/03/2021 3,73,224.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Wed, 17/03/2021 1 Thu, 18/03/2021 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 (-)]*		       -3,73,224.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 12/03/2021 14 Fri, 26/03/2021 2,00,007.00 3.51
  (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
D. Standing Liquidity Facility (SLF) Availed from RBI$       32,617.06  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -90,307.94  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -4,63,531.94  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 17/03/2021 4,35,211.27  
     (ii) Average daily cash reserve requirement for the fortnight ending 26/03/2021 4,55,339.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 17/03/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 26/02/2021 8,64,316.00  
@ 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. 2014-2015/1971 dated March 19, 2015.
Ajit Prasad
Director   
Press Release : 2020-2021/1258

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