Category: RBI News

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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The Reserve Bank of India (RBI) has, by an order dated March 15, 2021, imposed a monetary penalty of ₹2 Crore (Rupees Two Crore only) on State Bank of India (the bank) for contravention of provisions of section 10 (1) (b) (ii) of the Banking Regulation Act, 1949 (the Act) and specific directions of RBI issued to the bank on payment of remuneration to employees in the form of commission. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Act.

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 statutory inspection of the bank with reference to its financial position as on March 31, 2017 and March 31, 2018 and the Risk Assessment Reports (RARs) pertaining thereto, and examination of the correspondence with the bank regarding payment of remuneration to its employees in the form of commission, revealed, inter alia, contravention of the provisions of the Act and aforesaid specific directions issued by RBI. In furtherance to 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 the provisions of the Act/ specific directions issued by RBI. After considering the bank’s replies to the notice, oral submissions made in the personal hearing and examination of additional submissions made by it, RBI came to the conclusion that the aforesaid charges were substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1250

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Reserve Bank of India – Press Releases

Press Releases

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Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018. These directions were modified from time to time, the validity of which was last extended upto March 17, 2021. These directions shall continue to apply to the bank for a further period of three months from March 18, 2021 to June 17, 2021, subject to review. The Directions stipulate certain restrictions and / or ceiling on withdrawal / acceptance of deposits. A copy of Directions is displayed at the bank’s premises for interested members of public to peruse. Reserve Bank of India may consider modifications of the Directions depending upon the circumstances. The issue of Directions should not per se be construed as cancellation of banking license by the Reserve Bank of India. The bank will continue to undertake banking business with restrictions till its financial position improves.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1249

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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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Sr. No. State/ UT Notified amount (₹ Cr) Amount Accepted (₹ Cr) Cut off Price/ Yield (%) Tenure (Yrs)
1. Assam* 500 500 6.43 5
630 – NA 6
2. Bihar 323 323 6.64 4
3. Chhattisgarh 1000 1000 7.06 8
4. Goa 100 100 7.16 10
5. Gujarat** 1500 2000 7.11 10
6. Haryana 500 500 7.14 10
7. Karnataka 1000 1000 6.99 7
1000 1000 7.19 18
1000 1000 7.19 19
8. Kerala 1000 1000 5.40 3
9. Madhya Pradesh 3000 3000 6.69 4
10. Meghalaya 58 58 7.16 10
11. Punjab 500 500 100/7.0196 Re-issue of 7.02% Punjab SDL 2028 Issued on March 10, 2021
12. Rajasthan 1638 1638 7.15 10
13. Tamil Nadu 2500 2500 97.21/7.1486 Re-issue of 6.73% Tamil Nadu SDL 2030 Issued on May 13, 2020
14. Uttar Pradesh 5500 5500 7.16 10
15. West Bengal 2000 2000 7.19 15
  Total 23749 23619    
* Assam has not accepted any amount in the 6 year security.
** Gujarat has accepted an additional amount of ₹ 500 crore.

Ajit Prasad
Director   

Press Release: 2020-2021/1247

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Reserve Bank of India – Tenders

Tenders

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With reference to advertisement dated January 7 and 12, 2021 on captioned subject published by RBI Nagpur on Bank’s website and in local newspapers respectively, it is informed that the event stands cancelled due to administrative reasons.

A fresh advertisement for empanelment of Medicine suppliers with revised criteria would be released in local newspapers and on Bank’s website soon. Local medicine suppliers who applied in response to our earlier advertisement are advised to apply again after release of fresh advertisement, if interested.

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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) 3,96,338.53 3.21 0.01-5.30
     I. Call Money 8,330.82 3.25 1.90-3.50
     II. Triparty Repo 2,90,968.45 3.26 3.01-3.45
     III. Market Repo 96,984.26 3.06 0.01-3.40
     IV. Repo in Corporate Bond 55.00 5.30 5.30-5.30
B. Term Segment      
     I. Notice Money** 738.06 3.12 2.25-3.40
     II. Term Money@@ 835.00 – 3.15-3.85
     III. Triparty Repo 300.00 3.20 3.20-3.22
     IV. Market Repo 171.49 1.89 0.25-3.35
     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 Mon, 15/03/2021 1 Tue, 16/03/2021 4,63,741.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Mon, 15/03/2021 1 Tue, 16/03/2021 2,985.00 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 (-)]*		       -4,60,756.00  
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 (-)]*     -5,51,063.94  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 15/03/2021 4,36,195.54  
     (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¥ 15/03/2021 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 : 2020-2021/1246

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Corrigendum – Providing Visiting Officer Flats’ (VOF) services on room night basis to the visiting officers of Reserve Bank of India, CBD Belapur, Navi Mumbai

Tenders

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(E-tender No.: RBI/Belapur/Estate/373/20-21/ET/569)

With regard to captioned tender, existing criteria for inviting E-tender has been modified as under:

Sr. No. Description Original terms Modified terms
1 Pre-Eligibility Criteria- “Service Set up”
(Page No. 11, Serial No. 3 of the Tender Document)		 Certificate in support of having a minimum 3- Star rated hotel having full-fledged service set up of not less than 75 double-bedded rooms owned by the tenderer for the job specified in the Tender documents in Navi Mumbai/Mumbai should be uploaded.
(To be uploaded in e-tendering portal)		 Certificate in support of having a minimum 3- Star rated hotel having full-fledged service set up of not less than 50 double-bedded rooms owned by the tenderer for the job specified in the Tender documents in Navi Mumbai/Mumbai should be uploaded.
(To be uploaded in e-tendering portal)
2 Criteria for Technical Bid Evaluation – “Total No. of double bedded rooms”
(Page No. 21, Serial No. 2 of the Tender Document)
Total no. of double bedded rooms Max 20 Marks
i. More than 125 double bedded rooms 20
ii. More than 100 and up to 125 double bedded rooms 15
iii. More than 75 and up to 100 double bedded rooms 10
Total no. of double bedded rooms Max 20 Marks
i. More than 125 double bedded rooms 20
ii. More than 100 and up to 125 double bedded rooms 15
iii. 50 and up to 100 double bedded rooms 10

• All other terms and conditions as mentioned in tender document dated February 18, 2021 remain unchanged.

• This shall also be part of the tender document.

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Reserve Bank of India – Tenders

Tenders

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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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