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) 2,862.02 1.66 0.01-3.50
     I. Call Money 740.37 3.10 2.70-3.45
     II. Triparty Repo 2,121.65 1.16 0.01-3.50
     III. Market Repo 0.00  
     IV. Repo in Corporate Bond 0.00  
B. Term Segment      
     I. Notice Money** 10,617.92 3.43 2.00-3.65
     II. Term Money@@ 225.00 3.25-3.99
     III. Triparty Repo 334,234.25 3.50 3.00-3.62
     IV. Market Repo 116,764.15 3.44 1.00-3.70
     V. Repo in Corporate Bond 198.00 3.60 3.60-3.60
  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, 03/11/2021 5 Mon, 08/11/2021 160,485.00 3.35
    (iii) Special Reverse Repo~ Wed, 03/11/2021 15 Thu, 18/11/2021 1,158.00 3.75
    (iv) Special Reverse Repoψ 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 434,492.00 3.99
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
           
3. MSF Wed, 03/11/2021 5 Mon, 08/11/2021 244.00 4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
5. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*
      -596,182.00  
II. Outstanding Operations
1. Fixed Rate          
    (i) Repo          
    (ii) Reverse Repo          
    (iii) Special Reverse Repo~          
    (iv) Special Reverse Repoψ          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo Tue, 02/11/2021 7 Tue, 09/11/2021 150,015.00 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 (-)]*     -92,684.2  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -688,866.2  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 03/11/2021 711,756.61  
     (ii) Average daily cash reserve requirement for the fortnight ending 05/11/2021 636,507.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 03/11/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 22/10/2021 1,179,109.00  
@ 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   
Press Release: 2021-2022/1151

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Reserve Bank of India – Tenders

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Reserve Bank of India, Guwahati proposes to prepare a panel of Suppliers/ Distributors/ Dealers/ Manufacturers for the supply of following items costing up to ₹2-3 lakhs approximately per year. The panel will remain in force for three years up to March 31, 2024.

Items: 2”11/12 Gauge Wire nails, Plastic Strapping 5/8”, Jute Twine, Signode Seals for Steel Strapping 5/8”, Cloth Mask – Surgical, Banding Rolls for CVPS machines, Polythene covers 125×100 cm, Jute Gunny Bags, Rubber Bands, Cutter, Transparent Trays, Hammer, Nail Puller, Pouches, Screwdriver, Knife, Hand Gloves, Hand Sanitizer, Hand Pressure / Steel Strap stealer, Strapping Machine, Cleaning Materials etc.

Tender form may be collected from Reserve Bank of India, Station Road, Pan Bazar, Guwahati on all working days from 10 AM to 4 PM or may be downloaded from website www.rbi.org.in. Last date for submission of Tender form is November 29, 2021 (4 PM). The Bank reserves the right to accept or reject any or all quotations without assigning any reason whatsoever. For any further clarifications please email or dial to phone No. 0361-2730955.

Shri Sanjeev Singha

Regional Director,
Reserve Bank of India
Guwahati

Date: November 07, 2021

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Reserve Bank of India – Press Releases

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1. Reserve Bank of India – Liabilities and Assets*
(₹ Crore)
Item 2020 2021 Variation
Oct. 30 Oct. 22 Oct. 29 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government 0 0 0 0 0
4.2 State Governments 4191 4802 1966 -2836 -2225
* Data are provisional.

2. Foreign Exchange Reserves
Item As on October 29, 2021 Variation over
Week End-March 2021 Year
₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn.
1 2 3 4 5 6 7 8
1 Total Reserves 4807657 642019 14491 1919 588705 65035 652477 81304
1.1 Foreign Currency Assets 4331763 578462 10320 1363 407595 41768 490554 60122
1.2 Gold 292141 39012 4287 572 44418 5132 23440 2753
1.3 SDRs 144553 19304 -127 -17 133690 17818 133573 17822
1.4 Reserve Position in the IMF 39201 5242 11 1 3003 317 4909 606
*Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding as on Oct. 22, 2021 Variation over
Fortnight Financial year so far Year-on-year
2020-21 2021-22 2020 2021
1 2 3 4 5 6
2 Liabilities to Others            
2.1 Aggregate Deposits 15712486 -43380 724020 598974 1313428 1420974
2.1a Growth (Per cent)   –0.3 5.3 4.0 10.1 9.9
2.1.1 Demand 1826768 42083 -111749 -34424 143961 321514
2.1.2 Time 13885718 -85463 835769 633398 1169467 1099460
2.2 Borrowings 256984 3583 -54100 12959 -80738 1644
2.3 Other Demand and Time Liabilities 570767 -5011 -39775 -85841 52849 6865
7 Bank Credit 11046293 31327 -31993 96784 498306 707426
7.1a Growth (Per cent)   0.3 –0.3 0.9 5.1 6.8
7a.1 Food Credit 63697 1289 14895 2443 -3120 -2962
7a.2 Non-food credit 10982596 30037 -46888 94341 501425 710388

6. Money Stock: Components and Sources
(₹ Crore)
Item Outstanding as on Variation over
2021 Fortnight Financial Year so far Year-on-Year
2020-21 2021-22 2020 2021
Mar. 31 Oct. 22 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 18844578 19522794 -45282 -0.2 1003776 6.0 678216 3.6 1848377 11.6 1719055 9.7
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2751828 2825645 -4899 -0.2 269830 11.5 73817 2.7 457697 21.2 206067 7.9
1.2 Demand Deposits with Banks 1995120 1962004 42844 2.2 -112006 -6.4 -33116 –1.7 148181 10.0 336318 20.7
1.3 Time Deposits with Banks 14050278 14687980 -82655 -0.6 843743 6.7 637701 4.5 1232994 10.0 1170221 8.7
1.4 ‘Other’ Deposits with Reserve Bank 47351 47165 -572 -1.2 2209 5.7 -186 –0.4 9505 30.5 6449 15.8
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 5850374 5977572 -149963 -2.4 626856 12.6 127198 2.2 735061 15.1 390354 7.0
2.1.1 Reserve Bank 1099686 1043103 -95531   -86738   -56582   -61505   137649  
2.1.2 Other Banks 4750689 4934469 -54432 -1.1 713594 18.0 183780 3.9 796566 20.5 252704 5.4
2.2 Bank Credit to Commercial Sector 11668466 11751200 29148 0.2 -39025 -0.4 82734 0.7 542424 5.2 751581 6.8
2.2.1 Reserve Bank 8709 1980 -2454   1626   -6729   7112   -12812  
2.2.2 Other Banks 11659757 11749221 31602 0.3 -40651 -0.4 89463 0.8 535312 5.1 764393 7.0

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabi lisation Scheme OMO (Outright) Long Term Repo Operations& Targeted Long Term Repo Operations# Special Long- Term Repo Operations for Small Finance Banks Special Reverse Repo£ Net Injection (+)/ Absorption (-) (1+3+5+ 6+9+10+ 11+12-2- 4-7-8-13)
Repo Reverse Repo* Variable Rate Repo Variable Rate Reverse Repo Sale Purchase
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Oct. 25, 2021 139644 400 2500 -136744
Oct. 26, 2021 174518 200019 250 –2500 -376787
Oct. 27, 2021 179641 324 -179317
Oct. 28, 2021 202492 230 2500 -199762
Oct. 29, 2021 184740 455 –2500 -186785
Oct. 30, 2021 61323 0 -61323
Oct. 31, 2021 8289 14 -8275
* Includes additional Reverse Repo and additional MSF operations (for the period December 16, 2019 to February 13, 2020).
# Includes Targeted Long Term Repo Operations (TLTRO) and Targeted Long Term Repo Operations 2.0 (TLTRO 2.0) and On Tap Targeted Long Term Repo Operations. Negative (-) sign indicates repayments done by Banks.
& Negative (-) sign indicates repayments done by Banks.
£ As per Press Release No. 2021-2022/177 dated May 07, 2021. From June 18, 2021, the data also includes the amount absorbed as per the Press Release No. 2021-2022/323 dated June 04, 2021.

The above information can be accessed on Internet at https://wss.rbi.org.in/

The concepts and methodologies for WSS are available in Handbook on WSS (https://rbi.org.in/scripts/PublicationsView.aspx?id=15762).

Time series data are available at https://dbie.rbi.org.in

Ajit Prasad
Director   

Press Release: 2021-2022/1150

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Reserve Bank of India – Tenders

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1. Reserve Bank of India, Bhubaneswar Regional Office, invites E-Tender under two-bid system (Technical & Financial Bid) for “Service contract for Maintenance, Housekeeping and Catering arrangements at (Reserve Bank of India) Visiting Officers’ Flat (VOF), Transit Holiday Home (THH) and Medical Flats situated at Bhubaneswar”. The tender will be applicable for initial period of one-year w.e.f. January 01, 2022 to December 31, 2022 or for the period as decided by Reserve Bank of India, Bhubaneswar (hereinafter called “the Bank”). However, the contract can be extended for further period of two years (one year at a time), at the sole discretion of the Bank, subject to satisfactory performance and adherence to contractual obligations by the service provider/agency. 1.(a) Interested tenderers may like to go through the entire tender document before taking part in the tendering process. The tenderers may obtain for themselves on their own responsibility and at their own expenses all the information which may be necessary for the purpose of making tender and for entering into a contract and acquaint themselves with all local conditions, means of access to the work, nature of the work and all matters pertaining thereto. 2. All pre-qualification documents shall be uploaded with Techno-commercial bid (Part-I) on MSTC portal. Those who do not upload all the Pre-qualification documents would not be considered for this tender process. Further, the vendor should submit the original of the documents to the Bank when demanded to qualify for further tendering process. 2.(a) Registration Certificate – Shram Suvidha portal The tenderers are required to upload the copies of EPF/ESIC registration Certificates issued on Shram Suvidha Portal. 2.(b) Proof of submission of EPF/ESIC The tenderers are required to upload at least 1 month of ECR and Combined Challan for EPF and Challan for ESIC to the Bank along with their tender. 3. Interested tenderers have to upload applicable documents satisfying all the points as stated above along with techno-commercial (Part-I) bid of tender. The same Eligibility documents should be uploaded with Techno Commercial Bid (Part-I) on the MSTC portal. 4. Tender form will be available for downloading w.e.f. November 04, 2021. A pre-bid meeting will be held in the Human Resource Management Department, RBI Bhubaneswar. Tender form can be downloaded for viewing from RBI website www.rbi.org.in or www.mstcecommerce.com/eprochome/rbi. The applicable pre-qualification papers should be uploaded with Techno Commercial Bid (Part-I) on the MSTC portal. 5. Interested Vendors/firms can participate in e–Tender after getting registration with www.mstcecommerce.com/eprocurement/rbi). Online Part I – Techno-Commercial Bid and Part II – Price Bid shall be opened through www.mstcecommerce.com/eprocurement/rbi and applicable transaction charges have to be paid by the firm. 6. Tender in prescribed format shall be uploaded on MSTC website. Part-I of tender will contain the Bank’s standard technical and commercial conditions for the proposed work and tenderers’ covering letter.

The EMD of Rs.80,000/- (Rupees Eighty Thousand only) should be submitted by every bidder through NEFT transfer to A/C No-186004001, Reserve Bank of India, IFSC Code-RBIS0BBPA01, Branch Name – Bhubaneswar.

7. The schedule of the tender is as follows: Activity Tentative date i. e-Tender no. RBI/Bhubaneswar/HRMD/18/21-22/ET/249 ii. Mode of Tender e-Procurement System
(Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi) iii. Estimated Cost Rs.40,00,000/- (Inclusive of GST) iv. Date of NIT (along with complete tender) available to parties to download-Tender activation on portal-Tender ‘Live’ for all November 04, 2021 at 06:00 PM onwards v. Date and time for start of Off-line Pre-bid meeting November 24, 2021 at 11:00 AM onwards vi. Security-Deposit Only the successful bidder will be required to provide Security Deposit of 5% of the contract value and the same shall be retained till the duration of the Contract. No interest shall be paid on Security Deposit amount.

Failure to submit Security Deposit or failure on the part of Vendor to perform its contractual obligations shall be treated as a violation and can lead to cancellation of the Contract and the EMD of Rs.80,000/- (Rupees Eighty Thousand only) submitted by it shall be forfeited.

vii. Earnest Money Deposit Every Bidder must remit Rs.80,000/- (Rupees Eighty Thousand only) as EMD to Reserve Bank of India account up to 10:00 AM on December 06, 2021. The account details for NEFT transactions are as under:

Beneficiary name: – Reserve Bank of India
IFSC code: RBIS0BBPA01

Account No.: 186004001 Proof of remittance indicating transaction number and other details shall be uploaded on Bank’s approved e-tender portal along with other tender documents.

EMD of the successful bidder shall be returned on receipt of Security-Deposit from the successful bidder after signing the Agreement. EMD of the unsuccessful bidder will be returned within 30 days of the award of the Contract. EMD shall be forfeited if the bidder withdraws his bid during the Tender Evaluation Process. Further, no interest will be paid on EMD.

Note: – No exemption for EMD is available for this tender to any category of bidder including MSMEs.

viii. Tender Fees Nil ix. Transaction Fee
Please note that the Vendors will have the access to online e-tender only after payment of transaction fees online. Payment of Transaction fee through MSTC Gateway/NEFT/RTGS in favor of MSTC Limited, as advised by M/s MSTC Ltd. x. Start Bid date – Date of Starting of e-Tender for submission of online Techno- Commercial Bid and Price Bid at www.mstcecommerce.com/eprochome/rbi November 26, 2021 at 12 noon onwards xi. Close Bid date – Date of closing of online e–tender for submission of Techno- Commercial Bid and Price Bid December 06, 2021 at 10:00 AM xii. Part I Bid opening date December 06, 2021 at 12:00 PM xiii. Part II Bid opening date Part-II (Financial Bid) of only those tenderers will be opened electronically in the MSTC portal who qualify in the technical bid evaluation. The Date and time of opening of Part-II (Financial Bid) will be intimated to the tenderers who are found eligible in the Part-I (Technical Bid evaluation). 8. The Bank is not bound to accept the lowest tender and reserves the right to accept either in full or in part of any tender. The Bank also reserves the right to reject all the tenders without assigning any reason thereof.

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Reserve Bank of India – Press Releases

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The Reserve Bank of India vide directive DOS.CO.UCBs-West/D-1/12.07.157/2020-21 dated February 03, 2021 had placed Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra under Directions from the close of business on February 03, 2021 for a period of six months. The validity of the above directions was subsequently extended till November 03, 2021.

It is hereby notified for the information of the public that Reserve Bank of India, 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, hereby directs that the aforesaid Directions shall continue to apply to the bank till January 03, 2022 as per the directive DOR.MON/D-45/12.07.157/2021-22 dated November 03, 2021, subject to review.

All other terms and conditions of the Directive under reference shall remain unchanged. A copy of the directive dated November 03, 2021 notifying the above extension is displayed at the bank’s premises for the perusal of public.

The aforesaid extension and /or modification by Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1149

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Reserve Bank of India – 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

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The following State Governments have offered to sell securities by way of auction, for an aggregate amount of ₹ 6,000 Cr. (Face Value).

Sr. No. State Amount to be raised
(₹ Cr)
Additional Borrowing (Greenshoe) Option
(₹ Cr)
Tenure (Yrs.) Type of Auction
1 Andhra Pradesh 500 17 Yield
500 18 Yield
2 Assam 500 3 Yield
500 10 Yield
3 Rajasthan 500 500 10 Yield
4 Tamil Nadu 1000 Re-issue of 6.97% Tamil Nadu SDL 2046 Issued on May 25, 2021 Price
5 Uttar Pradesh 2500 10 Yield
  TOTAL 6,000      

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on November 09, 2021 (Tuesday). 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 November 09, 2021 (Tuesday). 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 November 09, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on November 10, 2021 (Wednesday) 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 May 10 and November 10 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.

Ajit Prasad
Director   

Press Release: 2021-2022/1147

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Reserve Bank of India – Press Releases

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Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

Sr. No Treasury Bill Notified Amount
(in ₹ crore)
Auction Date Settlement Date
1 91 Days 10,000 November 10, 2021
(Wednesday)
November 11, 2021
(Thursday)
2 182 Days 3,000
3 364 Days 7,000
  Total 20,000    

The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018, issued by Government of India, as amended from time to time. State Governments, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount.

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, November 10, 2021, during the below given timings:

Category Timing
Competitive bids 10:30 am – 11:30 am
Non-Competitive bids 10:30 am – 11:00 am

Results will be announced on the day of the auction.

Payment by successful bidders to be made on Thursday, November 11, 2021.

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. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Ajit Prasad
Director   

Press Release: 2021-2022/1146

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Reserve Bank of India – Press Releases

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(Amount in Crore of ₹)
  SCHEDULED COMMERCIAL BANKS
(Including RRBs and SFBs)
ALL SCHEDULED BANKS
23-OCT-2020 08-OCT-2021 * 22-OCT-2021 * 23-OCT-2020 08-OCT-2021 * 22-OCT-2021 *
I LIABILITIES TO THE BKG.SYSTEM (A)            
  a) Demand & Time deposits from bks. 205540.9 166216.22 169549.83 210450.75 170518.03 173732.47 **
  b) Borrowings from banks 51306.44 46837.53 60795.6 51306.44 46837.53 60795.76
  c) Other demand & time liabilities 15831.5 23591.55 19828.26 16025.01 23893.56 20150.75
II LIABILITIES TO OTHERS (A)            
  a) Deposits (other than from banks) 14291512.09 15755866.22 15712486.07 14706547.71 16173904.6 16135350.29
  i) Demand 1505253.96 1784685.86 1826768.38 1539744.65 1823519.27 1866229.94
  ii) Time 12786258.13 13971180.45 13885717.74 13166803.05 14350385.42 14269120.4
  b) Borrowings @ 255339.13 253400.96 256983.55 259623.41 258361.91 261631.4
  c) Other demand & time liabilities 563901.26 575778.08 570766.75 574873.16 586214.25 581367.4
III BORROWINGS FROM R.B.I. (B) 115451 94399.47 93603 115451 94399.47 93603
  Against usance bills and / or prom. Notes            
IV CASH 84931.66 99433.86 107400.72 86989.01 101532.47 109997.75
V BALANCES WITH R.B.I. (B) 437010.25 637545.1 638588.93 449413.26 654327.91 655138.3
VI ASSETS WITH BANKING SYSTEM            
  a) Balances with other banks            
  i) In current accounts 15786.81 22589.99 30996.81 17878.57 24741.43 33214.09
  ii) In other accounts 134010.5 133979.98 134408.15 164511.47 166839.62 167845.67
  b) Money at call & short notice 12925.18 12553.48 13913.35 33621.32 27848.59 30115.28
  c) Advances to banks (i.e. due from bks.) 21072.79 24227.64 23913.28 21515.63 24612.25 24296.72 £
  d) Other assets 32167.84 25463.21 29434.9 36928.32 28370.99 32285.68
VII INVESTMENTS (At book value) 4440233.67 4691728.5 4638661.25 4570889.92 4835024.04 4780666.49
  a) Central & State Govt. securities+ 4438623.23 4690645.61 4637472.39 4563080.08 4827873.57 4773441.6
  b) Other approved securities 1610.44 1082.89 1188.85 7809.84 7150.47 7224.87
VIII BANK CREDIT (Excluding Inter Bank Advance) 10338867.88 11014966.84 11046293.43 10672245.65 11355689.23 11390034.72
  a) Loans, cash credits & Overdrafts $ 10169808.88 10800287.25 10835115.52 10501194.69 11139016.17 11176886.22
  b) Inland Bills purchased 23158.61 33686.51 32646.99 23432.28 33719.57 32678.39
  c) Inland Bills discounted 100038.23 127504.71 128604.36 101041.67 128810.63 129878.36
  d) Foreign Bills purchased 17239.67 20341.17 18104.87 17480.07 20495.44 18268.54
  e) Foreign Bills discounted 28622.49 33147.16 31821.7 29096.93 33647.38 32323.21
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 23-Oct-20 08-Oct-21 22-Oct-21
Scheduled Commercial Banks 66659.01 62408.14 63697.47
State Co-operative Banks 30402.9 35817.5 35817.5

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:135

Ajit Prasad
Director   

Press Release: 2021-2022/1144

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The rate of interest on the Floating Rate Bonds, 2024 (FRB 2024) applicable for the half year November 07, 2021 to May 06, 2022 shall be 3.80 percent per annum.

It may be recalled that the rate of interest on the FRB, 2024 shall be reset at the average rate (rounded off up to two decimal places) of the implicit yields, at the cut-off prices of the last three auctions of Government of India 182-days Treasury Bills, held up to the period preceding the coupon reset date, which is November 07, 2021. The implicit yields will be computed by reckoning 365 days in a year.

Ajit Prasad
Director   

Press Release: 2021-2022/1145

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