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 stands committed to ensure the availability of ample liquidity in the system in order to foster congenial financial conditions. On a review of current liquidity and financial conditions, therefore, the Reserve Bank has decided to conduct purchase of Government securities under Open Market Operations (OMO) for an aggregate amount of ₹20,000 crore on February 10, 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 IN0020190396 6.18% GS 2024 04-Nov-2024 ₹20,000 crore
(There is no security-wise notified amount)
2 IN0020170174 7.17% GS 2028 08-Jan-2028
3 IN0020200153 5.77% GS 2030 03-Aug-2030
4 IN0020200096 6.19% GS 2034 16-Sep-2034

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 February 10, 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 February 11, 2021.

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

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1065

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Reserve Bank of India – Tenders

Tenders

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RBI/Mumbai/Others/8/20-21/ET/513

1. Reserve Bank of India, Protocol & Security Establishment, Mumbai Regional Office, Mumbai (RBI) invites E-tenders from eligible vendors/Suppliers/OEM “Tender for Supply of Bio-Compostable Bin liners of size (19”x21” & 30”x37”) to the RBI’s various Offices and Residential colonies in Mumbai.” The period of contract will be up to March 31, 2022 from 01/04/ 2021 OR date of award of work (issue of the work order) as per laid down contractual obligations (The Tender along with the prices shall remain valid initially for a period of 3 months from the date of opening of technical bid). The work is estimated to cost Rs. 65,60,000/- (Rupees Sixty five lakhs sixty thousand only) all taxes inclusive (including GST).

2. All Pre-Qualification papers shall be uploaded on MSTC site and same will be downloaded at the time of opening part-I of tender for examination by the Bank.

3. The Earnest Money Deposit (EMD) of Rs. 1,31,200/- (Rupees One lakh thirty one thousand and two hundred only) may be remitted through NEFT or furnish the Bank Guarantee in respect of the said amount. The Bank Guarantee (from Scheduled Commercial Bank) submitted towards Earnest Money deposit has to be valid for the validity period of the tender plus additional 90 days. Documentary evidence in support of remittance shall be submitted in sealed cover addressed to The Regional Director, Reserve Bank of India, Protocol and Security Establishment, Mumbai-400 001 so as to reach P&SE Office up to 2:00 PM on 08/03/2021 super scribing as “EMD for “Supply of Bio-Compostable Bin liners of size (19”x21” & 30”x37”) to the RBI’s various Offices and Residential colonies in Mumbai.”

4. Online tenders will be available for viewing /download from 11.00 AM on 08-02-2021 from the website www.mstcecommerce.com.

5. A pre-bid meeting (off-line mode) of the intending Tenderers will be held on 11-02-2021 at 11.00 AM.

6. Place of Pre Bid meeting:

Protocol & Security Establishment, Reserve Bank of India, Mumbai Regional Office, First Floor, Main Building, SBS Road, Fort, Mumbai- 400001.

7. Place, Time and date before which written queries for Pre-bid meeting must be received:

Protocol & Security Establishment, Reserve Bank of India, Mumbai Regional Office, First Floor, Main Building, SBS Road, Fort, Mumbai- 400001 by 12:00 PM on or before 10-02-2021.

8. The duly filled in tender documents shall be uploaded on MSTC site. (Date of Starting of online submission of e-tender from 16-02-20201 at 11:00 AM and Date of closing of online submission of e-tender is 08-03-2021 up to 5:00 PM)

9. Part I of the tenders will be opened on-line at 2.30 PM on 09-03-2021 in the presence of the authorised representative of the Tenderers who choose to be present. Part-II (Price bid) of the eligible Tenderers shall be opened on a subsequent date which will be intimated to the Tenderers in advance.

10. RBI is not bound to accept the lowest tender and reserves the right to accept either in full or in part any tender. The Bank also reserves the right to reject any or all the tenders without assigning any reason there for.

Regional Director

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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) 9,786.95 0.83 0.01-5.30
     I. Call Money 623.95 2.93 2.50-3.50
     II. Triparty Repo 8,918.00 0.56 0.01-3.26
     III. Market Repo 0.00   –
     IV. Repo in Corporate Bond 245.00 5.30 5.30-5.30
B. Term Segment      
     I. Notice Money** 9,274.45 3.26 1.90-3.55
     II. Term Money@@ 517.00 – 3.05-3.75
     III. Triparty Repo 3,36,687.55 3.19 1.50-3.35
     IV. Market Repo 94,598.58 3.10 0.01-3.35
     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 Fri, 05/02/2021 3 Mon, 08/02/2021 5,25,264.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Fri, 05/02/2021 3 Mon, 08/02/2021 6.00 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 (-)]*		       -5,25,258.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 29/01/2021 14 Fri, 12/02/2021 2,00,007.00 3.54
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF          
4. Long-Term Repo Operations# Mon, 24/02/2020 365 Tue, 23/02/2021 15.00 5.15
  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$       29,770.06  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -93,139.94  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -6,18,397.94  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 05/02/2021 4,83,344.71  
     (ii) Average daily cash reserve requirement for the fortnight ending 12/02/2021 4,44,286.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 05/02/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 15/01/2021 8,08,585.00  
@ 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 : 2020-2021/1064

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Reserve Bank of India – Press Releases

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The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended up to February 08, 2021 shall continue to apply to the bank for a further period of three months from February 09, 2021 to May 08, 2021 subject to review.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1063

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Reserve Bank of India – Press Releases

Press Releases

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Reserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a particular theme across the country.

2. The theme selected for current year FLW is “Credit Discipline and Credit from Formal Institutions” which will be observed from February 8-12, 2021. This theme is one of the strategic objectives of the National Strategy for Financial Education 2020-2025. Focus will be on a) responsible borrowing; b) borrowing from formal institutions and c) timely repayments.

3. Banks have been advised to disseminate the information and create awareness among its customers and general public. Further, RBI will undertake a centralized mass media campaign during the month of February 2021 to broadcast essential financial awareness messages to general public.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1062

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Reserve Bank of India – Press Releases

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The Reserve Bank of India issued All Inclusive Directions to Millath Co-operative Bank Ltd., Davangere, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD III.D-12/12.23.096/2018-19 dated April 26, 2019, as modified from time to time, which were last extended upto February 07, 2021 vide Directive DOR.CO.AID.No.D-34/12.23.096/2020-21 dated November 03, 2020.

2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive DCBS.CO.BSD III.D-12/12.23.096/2018-19 dated April 26, 2019 issued to Millath Co-operative Bank Ltd., Davangere, Karnataka, and as modified from time to time, last being vide Directive DOR.CO.AID.No.D-34/12.23.096/2020-21 dated November 03, 2020. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive DCBS.CO.BSD III.D-12/12.23.096/2018-19 dated April 26, 2019 issued to Millath Co-operative Bank Ltd., Davangere, Karnataka, as modified from time to time, the validity of which was last extended upto February 07, 2021 vide Directive DOR.CO.AID.No.D-34/12.23.096/2020-21 dated November 03, 2020, shall continue to apply to the bank for a further period of three months from February 08, 2021 to May 07, 2021, subject to review.

3. Other terms and conditions of the Directives under reference shall remain unchanged.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1061

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Reserve Bank of India – Tenders

Tenders

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Gist of Tender Events

e-Tender no RBI/RBSC/516/21-22/ET/516
e-Tender name Annual Maintenance Contract (AMC) and Facility Management Service (FMS) for Computer Hardware, Software and Peripherals at Reserve Bank Staff College (RBSC), Chennai
Mode of Tender e-Procurement System
(Online Part I – Pre-qualification criteria and Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi)
Date of NIT available to parties to download 06.02.2021 from 10:00 a.m.
Pre-bid Meeting 15/02/2021 at 11:00 a.m. at RBSC
Estimated cost of work ₹ 23.00 Lakh
Earnest Money Deposit ₹ 46,000/- from each bidder
Due date of submission of EMD Up to 12.00 noon of 08/03/2021
Date of Starting of e-Tender for submission of online Pre-qualification for criteria and Techno-Commercial Bid and price Bid at www.mstcecommerce.com/eprochome/rbi From 02.00 p.m of 18/02/2021
Date of closing of online e-tender for submission of Pre-qualification for criteria and Techno-Commercial Bid & Price Bid. 02:00 p.m. of 08/03/2021
Date & time of opening of Tender Part I

Date & Time of opening of Part- II (Financial Bid)

 03.00 p m of 08.03.2021 at RBSC

Opening of Financial Bid will be intimated to all the eligible bidders later
Transaction Fee Payment of Transaction fee as mentioned in the MSTC portal through MSTC payment gateway /NEFT/RTGS in favour of MSTC LIMITED

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Reserve Bank of India – Tenders

Tenders

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Reserve Bank of India, CBD Belapur, Navi Mumbai invites E-tender under Two-Bids System (Technical & Financial Bid) from all eligible vendors for the captioned work. Tender document can be downloaded from February 06, 2021 at 3.00 PM to March 04, 2021 at 6.00 PM under the “Tender’’ Section at RBI’s website (www.rbi.org.in). The tenderers should electronically submit their proposal, as per the instructions regarding E-Tender, along with all the supporting documents on or before March 04, 2021 up to 06.00 PM. The tenderers shall submit their tender proposal along with Earnest Money Deposit (EMD) of ₹42,000/- (Rupees Forty-two thousand only), as prescribed in the tender document. The Technical Bids (Part I) will be opened electronically on March 05, 2021 at 11.00 AM at Reserve Bank of India, Sector-10, Plot No. 3, H. H. Nirmaladevi Marg, CBD Belapur, Navi Mumbai-400614. In the event of any date indicated above being declared a holiday, the next working day shall become operative for the respective purpose mentioned herein. Financial Bids (Part II) of only those bidders, who are found to be eligible on evaluation of their Part I documents, etc; as prescribed in the tender, will be opened on a later date, after intimating them.

Details of the proposed work are as under:

Estimated Cost of Work ₹21,00,000/- (Rs. Twenty-one lakhs only)
Earnest Money Deposit ₹42,000/- (Rs. Forty-two thousand only),
Last date/time for submission of Tender March 04, 2021 up to 6:00 PM
Date/time of opening of Part – I Tender March 05, 2021 at 11:00 AM

(Shri Jaikish)
Chief General Manager
Reserve Bank of India, CBD Belapur
Navi Mumbai

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Reserve Bank of India – Tenders

Tenders

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Estate Office, Mumbai Regional Office, Reserve Bank of India had invited e-tenders for “Design Supply, installation, testing and commissioning of X-Ray Baggage Scanner Systems for Bank’s Office Buildings at fort, Mumbai ” through MSTC portal (www.mstcecommerce.com/eprochome/rbi) on December 10, 2020.

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

a. Name of the work : Design Supply, installation, testing and commissioning of X-Ray Baggage Scanner Systems for Bank’s Office Buildings at fort, Mumbai
b. E-tender Number : RBI/Mumbai/Estate/232/20-21/ET/324
c. TOE start time(Opening of Part 1 – Technical Bid) : February 10, 2021 at 3.00 PM onwards
d. Last date of Submission of EMD : February 10, 2021 till 12.00 PM
e. Close Bid date and time : February 10, 2021 at 2.00 PM

3. All other terms and conditions remain same.

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