RBI News – Page 22 – IFSCCodeof.in

Reserve Bank of India – Press Releases

November 11, 2021 root Press Releases

[ad_1]

Read More/Less


(Amount in ₹ crore, Rate in Per cent)

	Volume (One Leg)	Weighted Average Rate	Range
A. Overnight Segment (I+II+III+IV)	5,45,426.68	3.27	0.10-5.20
I. Call Money	7,661.34	3.20	2.00-3.50
II. Triparty Repo	4,26,806.85	3.26	3.01-3.33
III. Market Repo	1,10,918.49	3.30	0.10-3.40
IV. Repo in Corporate Bond	40.00	5.20	5.20-5.20
B. Term Segment
I. Notice Money**	126.75	3.08	2.75-3.30
II. Term Money^@@	251.00	–	3.20-3.50
III. Triparty Repo	2,000.00	3.35	3.35-3.35
IV. Market Repo	150.00	2.80	2.80-2.80
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, 10/11/2021	1	Thu, 11/11/2021	2,51,799.00	3.35
(iii) Special Reverse Repo^~
(iv) Special Reverse Repo^ψ
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSF	Wed, 10/11/2021	1	Thu, 11/11/2021	95.00	4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)^£
5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*				-2,51,704.00
II. Outstanding Operations
1. Fixed Rate
(i) Repo
(ii) Reverse Repo
(iii) Special Reverse Repo^~	Wed, 03/11/2021	15	Thu, 18/11/2021	1,158.00	3.75
(iv) Special Reverse Repo^ψ	Wed, 03/11/2021	15	Thu, 18/11/2021	291.00	3.75
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo	Wed, 03/11/2021	15	Thu, 18/11/2021	4,34,492.00	3.99
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo	Tue, 09/11/2021	7	Tue, 16/11/2021	2,00,015.00	3.95
	Tue, 02/11/2021	28	Tue, 30/11/2021	50,007.00	3.97
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
	Mon, 14/06/2021	1096	Fri, 14/06/2024	320.00	4.00
	Mon, 30/08/2021	1095	Thu, 29/08/2024	50.00	4.00
	Mon, 13/09/2021	1095	Thu, 12/09/2024	200.00	4.00
	Mon, 27/09/2021	1095	Thu, 26/09/2024	600.00	4.00
	Mon, 04/10/2021	1095	Thu, 03/10/2024	350.00	4.00
8. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)^£	Mon, 17/05/2021	1095	Thu, 16/05/2024	400.00	4.00
	Tue, 15/06/2021	1095	Fri, 14/06/2024	490.00	4.00
	Thu, 15/07/2021	1093	Fri, 12/07/2024	750.00	4.00
	Tue, 17/08/2021	1095	Fri, 16/08/2024	250.00	4.00
	Wed, 15/09/2021	1094	Fri, 13/09/2024	150.00	4.00
D. Standing Liquidity Facility (SLF) Availed from RBI^$				21,695.80
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*				-5,78,625.2
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*				-8,30,329.2
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on		10/11/2021		6,12,220.52
(ii) Average daily cash reserve requirement for the fortnight ending		19/11/2021		6,34,320.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on^¥		10/11/2021		0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on		22/10/2021		11,79,109.00
^@ 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, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
^¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
^£ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
^~ As per the Press Release No. 2021-2022/177 dated May 07, 2021.
^ψ As per the Press Release No. 2021-2022/323 dated June 04, 2021.
Ajit Prasad Director (Communications)
Press Release: 2021-2022/1176

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

November 10, 2021 root Press Releases

[ad_1]

Read More/Less

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

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Tenders

November 10, 2021 root Tenders

[ad_1]

The Pre-bid meeting for the captioned tender was conducted through Cisco-WebEx platform at 11.45 am on October 25, 2021 in the presence of officials concerned from Belapur Office. The meeting was attended by around 25 interested CA firms.

Officers from RBI, Belapur present in the meeting:

(i) Shri Rahul R Kamble, GM, HRMD

(ii) Shri Rakesh Kumar Verma, AGM, HRMD

(iii) Ms Shubhra Komal, AM, HRMD

2. Following a brief introduction by the Bank’s officials, various queries as raised by the interested firms, were heard, and clarified by the Bank. A summary of the same is as under:

Sr. No.	Doubts/ queries raised	Clarification/ answers provided
a.	What are the broad expectations of the Bank from Concurrent Auditors?	The Concurrent Auditor of Belapur Office are required to cater to the day-to-day needs in respect of Concurrent Audit viz. checking and verification of bills, financial transactions, tax calculations etc. as detailed in the tentative scope of work attached to the Tender document. The said scope of work is subject to periodic revisions as per the evolving needs of the Bank.
b.	What is the required number of members in the CA team?	The CA firm has to deploy minimum prescribed complement of Staff (1 Chartered Accountant + 2 Skilled Staff + 1 Semi-skilled Staff). The skilled staff should have at least qualified in both the Groups of IPCC (Integrated Professional Competence Course) and the semi-skilled staff at least Group-I of IPCC and undergoing article training. The team should have working knowledge of computers/ systems. All details are contained therein the Tender document.
c.	Whether the Bank if hiring the services of Concurrent Audit for the first time or whether it is a recurring activity?	The Concurrent Audit of the Bank is carried out on a daily basis i.e in concurrence with the day-to-day activities of the Office. The detailed scope of work is attached to the Tender document.
d.	What is the process of handover of activities from the outgoing CA team?	The CA firm, after the finalization of appointment, will be sensitized by the outgoing audit team in respect of the CA related activities. The detailed scope of work has already been provided in the Tender document. Further, if required, a training/awareness session will be organised for the new team shortly after the commencement of work.
e.	What is the tentative volume of work/ sample criteria?	The detailed scope of work (tentative) is attached to the Tender document.
f.	What would be the estimated man-days for the audit team?	The CA team (deployed as per the criteria mentioned at Point 2 above) must be physically present in the Office at all working days of the Bank. All related details are mentioned in the Tender document.
g.	Whether there is an approved checklist for the said audit?	The detailed scope of work (tentative) is attached to the Tender document. However, the said scope is subject to the periodic revisions by the Bank as per its evolving needs.
h.	When was the last Concurrent Audit done at the Office?	The Concurrent Audit of the Bank is carried out on a daily basis i.e in concurrence with the day-to-day activities of the Office. Audit reports, however, are submitted on a monthly basis. The detailed scope of work is attached to the Tender document.
i.	Whether the Audit reports are to be rated?	No risk rating is involved in the Concurrent Audit reports. ‘Major’ exceptions/discrepancies, if any, found in the day-to-day functioning of the Office, are to be brought to the notice of Office-in-charge by the Auditors, immediately.

3. All interested participants were advised to read the tender document and the tentative scope of work in detail. They were advised to register on the MSTC portal, without which, bidding for the captioned tender is not possible.

4. All participants were advised to contact MSTC personnel for any technical issues with the registration or applying on the portal.

5. Above minutes may be treated as a part of the tender. All terms and conditions of the tender remain the same.

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

November 10, 2021 root Press Releases

[ad_1]

Read More/Less

Auction Results		91 Days	182 Days	364 Days
I.	Notified Amount	₹10000 Crore	₹3000 Crore	₹7000 Crore
II.	Competitive Bids Received
	(i) Number	115	88	122
	(ii) Amount	₹51725.525 Crore	₹14854 Crore	₹20270 Crore
III.	Cut-off price / Yield	99.1254	98.1308	96.1000
III.	Cut-off price / Yield	(YTM: 3.5390%)	(YTM: 3.8201%)	(YTM: 4.0694%)
IV.	Competitive Bids Accepted
	(i) Number	11	9	61
	(ii) Amount	₹9998.917 Crore	₹2999.575 Crore	₹6999.180 Crore
V.	Partial Allotment Percentage of Competitive Bids	85.17%	47.29%	0.54%
V.	Partial Allotment Percentage of Competitive Bids	(3 Bids)	(1 Bid)	(6 Bids)
VI.	Weighted Average Price/Yield	99.1290	98.1331	96.1188
VI.	Weighted Average Price/Yield	(WAY: 3.5243%)	(WAY: 3.8153%)	(WAY: 4.0490%)
VII.	Non-Competitive Bids Received
	(i) Number	8	2	2
	(ii) Amount	₹13201.083 Crore	₹0.425 Crore	₹0.820 Crore
VIII.	Non-Competitive Bids Accepted
	(i) Number	8	2	2
	(ii) Amount	₹13201.083 Crore	₹0.425 Crore	₹0.820 Crore
	(iii) Partial Allotment Percentage	100% (0 Bids)	100% (0 Bids)	100% (0 Bids)

Ajit Prasad
Director (Communications)

Press Release: 2021-2022/1174

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

November 10, 2021 root Press Releases

[ad_1]

Read More/Less

The Reserve Bank of India, in the public interest, had issued directions to Independence Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 09, 2021, the validity of which was up to November 10, 2021. These directions shall continue to apply to the bank for a further period of two months from November 11, 2021 to January 10, 2022, 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: 2021-2022/1173

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

November 10, 2021 root Press Releases

[ad_1]

Read More/Less

I.	T-Bill	91 days	182 days	364 days
II.	Total Face Value Notified	₹10,000 Crore	₹3,000 Crore	₹7,000 Crore
III.	Cut-off Price and Implicit Yield at Cut-Off Price	99.1254 (YTM: 3.5390%)	98.1308 (YTM: 3.8201%)	96.1000 (YTM: 4.0694%)
IV.	Total Face Value Accepted	₹10,000 Crore	₹3,000 Crore	₹7,000 Crore

Ajit Prasad
Director (Communications)

Press Release: 2021-2022/1172

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

November 10, 2021 root Press Releases

[ad_1]

Read More/Less

The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of October 2021.

Ajit Prasad
Director (Communications)

Press Release: 2021-2022/1171

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

November 10, 2021 root Press Releases

[ad_1]

Read More/Less


(Amount in ₹ crore, Rate in Per cent)

	Volume (One Leg)	Weighted Average Rate	Range
A. Overnight Segment (I+II+III+IV)	5,16,094.57	3.31	0.50-5.20
I. Call Money	9,024.59	3.24	2.00-3.50
II. Triparty Repo	3,95,843.20	3.30	3.15-3.40
III. Market Repo	1,11,176.78	3.31	0.50-3.60
IV. Repo in Corporate Bond	50.00	5.20	5.20-5.20
B. Term Segment
I. Notice Money**	365.55	3.26	2.50-3.40
II. Term Money^@@	149.00	–	3.20-3.60
III. Triparty Repo	1,229.00	3.39	3.15-3.40
IV. Market Repo	56.50	3.15	3.15-3.15
V. Repo in Corporate Bond	537.00	3.80	3.80-3.80

	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	Tue, 09/11/2021	1	Wed, 10/11/2021	2,18,794.00	3.35
(iii) Special Reverse Repo^~
(iv) Special Reverse Repo^ψ
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo	Tue, 09/11/2021	7	Tue, 16/11/2021	2,00,015.00	3.95
3. MSF	Tue, 09/11/2021	1	Wed, 10/11/2021	4,100.00	4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)^£
5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*				-4,14,709.00
II. Outstanding Operations
1. Fixed Rate
(i) Repo
(ii) Reverse Repo
(iii) Special Reverse Repo^~	Wed, 03/11/2021	15	Thu, 18/11/2021	1,158.00	3.75
(iv) Special Reverse Repo^ψ	Wed, 03/11/2021	15	Thu, 18/11/2021	291.00	3.75
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo	Wed, 03/11/2021	15	Thu, 18/11/2021	4,34,492.00	3.99
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo	Tue, 02/11/2021	28	Tue, 30/11/2021	50,007.00	3.97

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
	Mon, 14/06/2021	1096	Fri, 14/06/2024	320.00	4.00
	Mon, 30/08/2021	1095	Thu, 29/08/2024	50.00	4.00
	Mon, 13/09/2021	1095	Thu, 12/09/2024	200.00	4.00
	Mon, 27/09/2021	1095	Thu, 26/09/2024	600.00	4.00
	Mon, 04/10/2021	1095	Thu, 03/10/2024	350.00	4.00
8. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)^£	Mon, 17/05/2021	1095	Thu, 16/05/2024	400.00	4.00
	Tue, 15/06/2021	1095	Fri, 14/06/2024	490.00	4.00
	Thu, 15/07/2021	1093	Fri, 12/07/2024	750.00	4.00
	Tue, 17/08/2021	1095	Fri, 16/08/2024	250.00	4.00
	Wed, 15/09/2021	1094	Fri, 13/09/2024	150.00	4.00
D. Standing Liquidity Facility (SLF) Availed from RBI^$				21,695.80
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*				-3,78,610.2
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*				-7,93,319.2
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on		09/11/2021		6,48,567.77
(ii) Average daily cash reserve requirement for the fortnight ending		19/11/2021		6,34,320.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on^¥		09/11/2021		0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on		22/10/2021		11,79,109.00
^@ 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, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
^¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
^£ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
^~ As per the Press Release No. 2021-2022/177 dated May 07, 2021.
^ψ As per the Press Release No. 2021-2022/323 dated June 04, 2021.
Ajit Prasad Director (Communications)
Press Release: 2021-2022/1170

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

November 9, 2021 root Press Releases

[ad_1]

Read More/Less

The Reserve Bank of India (RBl) has imposed, by an order dated November 08, 2021, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on The Nakodar Hindu Urban Co-operative Bank Ltd., Nakodar, Punjab (the bank) for non-compliance with certain directions issued by RBI contained in the Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 01, 2015 on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’. 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, non-adherence with/violation of the aforesaid directions, viz., non-identification of NPAs, wrong classification of assets and inadequate provisions made due to wrong classification of assets. 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 violation of the said directions.

After considering the bank’s reply and oral submissions made during the personal hearing, RBI came to the conclusion that the aforesaid charges of non-adherence with /violation of RBI directions were substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)
Chief General Manager

Press Release: 2021-2022/1169

[ad_2]