Category: RBI News

Reserve Bank of India – Notifications

Notifications

[ad_1]

Read More/Less


RBI/2021-22/115
DoR.AUT.REC.62/23.67.001/2021-22

October 28, 2021

All Scheduled Commercial Banks
(excluding Regional Rural Banks)

Dear Sir/Madam

Gold Monetization Scheme (GMS), 2015

In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015, with immediate effect.

2. A new sub-paragraph 2.2.2 (f) has been inserted to read as follows:

2.2.2 (f) Interest on premature closure of the deposit in case of death of depositor before and after lock-in period

The amount payable to the depositor shall be calculated as a sum of (A) and (B), as indicated below:

(A) Actual market value of the gold deposit on the day of withdrawal.

(B) Interest payable on the value of the gold for the period of deposit at the applicable rate.

(i) Before lock-in period: The applicable interest rate shall be as under:

Type of Deposit Lock-in period Actual period for which the deposit has run
Up to 6 months >6 months and ≥1 year and ≥2 years and
MTGD 3 years No interest Applicable rate for MTGD at the time of deposit minus 1.25% Applicable rate for MTGD at the time of deposit minus 1.00% Applicable rate for MTGD at the time of deposit minus 0.75%

Type of Deposit Lock-in period Actual period for which the deposit has run
Up to 1 year >1 year and ≥2 years and ≥3 years and
LTGD 5 years No interest Applicable rate for MTGD at the time of deposit minus 1.00% Applicable rate for MTGD at the time of deposit minus 0.75% Applicable rate for MTGD at the time of deposit minus 0.25%

(ii) After lock-in period: The applicable interest rate shall be as under:

Type of Deposit Lock-in period Actual period for which the deposit has run
>3 years and ≥5 years and
MTGD 3 years Applicable rate for MTGD at the time of deposit minus 0.25% Applicable rate for MTGD at the time of deposit minus 0.125%

Type of Deposit Lock-in period Actual period for which the deposit has run
>5 years and ≥ 7 years and ≥12 years and
LTGD 5 years Applicable rate for MTGD at the time of deposit minus 0.125% Applicable rate for LTGD at the time of deposit minus 0.25% Applicable rate for LTGD at the time of deposit minus 0.125%

3. A new sub-paragraph 2.2.2 (g) has been inserted to read as follows:

2.2.2 (g) Interest on premature closure of the deposit due to default of loan taken against MLTGD before and after lock-in period

The amount payable to the depositor shall be calculated as a sum of (A) and (B), as indicated below:

(A) Actual market value of the gold deposit on the day of withdrawal.

(B) Interest payable on the value of the gold for the period of deposit at the applicable rate.

(i) Before lock-in period: The applicable interest rate shall be as under:

Type of Deposit Lock-in period Actual period for which the deposit has run
Up to 6 months >6 months and ≥1 year and ≥2 years and
MTGD 3 years No interest Applicable rate for MTGD at the time of deposit minus 1.375% Applicable rate for MTGD at the time of deposit minus 1.125% Applicable rate for MTGD at the time of deposit minus 0.875%

Type of Deposit Lock-in period Actual period for which the deposit has run
Up to 1 year >1 year and ≥2 years and ≥3 years and
LTGD 5 years No interest Applicable rate for MTGD at the time of deposit minus 1.125% Applicable rate for MTGD at the time of deposit minus 0.875% Applicable rate for MTGD at the time of deposit minus 0.375%

(ii) After lock-in period: The applicable interest rate shall be as under:

Type of Deposit Lock-in period Actual period for which the deposit has run
>3 years and ≥5 years and
MTGD 3 years Applicable rate for MTGD at the time of deposit minus 0.375% Applicable rate for MTGD at the time of deposit minus 0.25%

Type of Deposit Lock-in period Actual period for which the deposit has run
>5 years and ≥ 7 years and ≥12 years and
LTGD 5 years Applicable rate for MTGD at the time of deposit minus 0.25% Applicable rate for LTGD at the time of deposit minus 0.375% Applicable rate for LTGD at the time of deposit minus 0.25%

4. The Reserve Bank of India Master Direction No.DBR.IBD.45/23.67.003/2015-16 dated October 22, 2015 on Gold Monetization Scheme, 2015 has been updated incorporating the above changes.

Yours faithfully

(Prakash Baliarsingh)
Chief General Manager

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


The following State Governments have offered to sell securities by way of auction, for an aggregate amount of ₹ 13,700 Cr. (Face Value).

Sr. No. State/UT Amount to be raised
(₹ Cr)		 Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Yrs) Type of Auction
1 Andhra Pradesh 500 – 14 Yield
500 – 19 Yield
2 Bihar 2000 – 9 Yield
3 Goa 100 – 10 Yield
4 Jammu and Kashmir 400 – 12 Yield
5 Madhya Pradesh 2000 – Re-issue of 6.85% Madhya Pradesh SDL 2031 Issued on September 15, 2021 Price
6 Maharashtra 3000 – Re-issue of 6.91% Maharashtra SDL 2033 Issued on September 15, 2021 Price
7 Manipur 200 – 10 Yield
8 Rajasthan 1000 500 10 Yield
9 Tamil Nadu 1000 – 10 Yield
10 Telangana 2000 – 21 Yield
11 West Bengal 1000 – 10 Yield
  TOTAL 13700      

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on November 01, 2021 (Monday). 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 01, 2021 (Monday). 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 01, 2021 (Monday) and payment by successful bidders will be made during banking hours on November 02, 2021 (Tuesday) 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 02 and November 02 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: 2021-2022/1110

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Corrigendum – Supply, Installation, Testing and Commissioning (SITC) of 120 Nos. Sealed Maintenance Free (SMF), Valve regulated Lead Acid batteries (12 V, 150 AH) having Fire retardant casing at Bank’s Office Building at Bandra Kurla Complex in Mumbai

Tenders

[ad_1]

Read More/Less


A reference is invited to the event no: RBI/Mumbai/Estate/78/21-22/ET/107 for the captioned tender. In this context, please note the date of pre-bid meeting as mentioned below:

a. Pre–bid meeting : November 02, 2021 at 11:00 AM via webEx mode
b. Last date of Submission of EMD : November 16, 2021 till 3:00 PM
c. Close Bid date and time : November 16, 2021 till 3:00 PM
d. TOE start time (Opening of Part I – Technical Bid) : November 16, 2021 at 3:30 PM onwards

2. All the other terms and conditions mentioned in the tender remain unchanged.

Regional Director

RBI, Maharashtra & Goa

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Tenders

Tenders

[ad_1]

Read More/Less


Reserve Bank of India, Premises Department, Central Office, Mumbai had invited e-tender for Cleaning and disinfecting of HVAC Duct System comprising supply & return Air Duct, Grills, diffusers, cleaning of Fresh Air ducts at Sub-station, etc. for Bank’s Central Office Building at Mumbai, through the RBI Website and MSTC Portal on September 27, 2021.

In this context, it has been decided to extend the tender for two weeks.

The Revised Bid Close Date for the captioned e-tender is 09.11.2021 upto 4 p.m.

Chief General Manager

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on October 29, 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:

(₹ crore)
Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction
GOI FRB 2028 4,000 96 96
6.10% GS 2031 13,000 310 310
6.76% GS 2061 7,000 167 167

The underwriting auction will be conducted through multiple price-based method on October 29, 2021 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 09.00 A.M. and 09.30 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: 2021-2022/1109

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

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) 492,456.84 3.36 2.00-5.20
     I. Call Money 7,721.58 3.28 2.00-3.50
     II. Triparty Repo 397,446.95 3.35 3.10-3.40
     III. Market Repo 87,278.31 3.39 2.00-3.50
     IV. Repo in Corporate Bond 10.00 5.20 5.20-5.20
B. Term Segment      
     I. Notice Money** 208.50 3.33 2.75-3.40
     II. Term Money@@ 174.00 – 3.20-3.60
     III. Triparty Repo 1,510.00 3.35 3.30-3.38
     IV. Market Repo 298.81 3.30 3.13-3.65
     V. Repo in Corporate Bond 810.00 3.70 3.70-3.70
  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, 27/10/2021 1 Thu, 28/10/2021 179,641.00 3.35
    (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          
3. MSF Wed, 27/10/2021 1 Thu, 28/10/2021 324.00 4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
5. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -179,317.00  
II. Outstanding Operations
1. Fixed Rate          
    (i) Repo          
    (ii) Reverse Repo          
    (iii) Special Reverse Repo~ Fri, 22/10/2021 12 Wed, 03/11/2021 5,465.00 3.75
    (iv) Special Reverse Repoψ Fri, 22/10/2021 12 Wed, 03/11/2021 2,900.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 22/10/2021 12 Wed, 03/11/2021 418,395.00 3.99
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo Tue, 26/10/2021 7 Tue, 02/11/2021 200,019.00 3.99
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 (-)]*     -519,441.2  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -698,758.2  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 27/10/2021 604,717.97  
     (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¥ 27/10/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 08/10/2021 1,192,495.00  
@ 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: 2021-2022/1108

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Tenders

Tenders

[ad_1]

Read More/Less


SCHEDULE OF TENDER (SOT)

Sr. No. Details Date/ Time
a. E-tender No. RBI/Central Office/Premises Department/5/21-22/ET/232
b. Mode of Tender e- Procurement System
(Online Part I – Techno-Commercial Bid and Part II – Price Bid through
www.mstcecommerce.com/eprochome/rbi)
c. Estimated Cost ₹ 32.00 lakh
d. View tender – Date, Time on MSTC Web portal 27.10.2021 at 12 noon
e. Pre-Bid meeting Online 11.30 AM of 10.11.2021
f. Earnest Money Deposit ₹ 64,000/-
 EMD in the form of Demand Draft drawn in favour of Reserve Bank of India, of a Scheduled Bank or Bank Guarantee as per proforma annexed hereto shall be deposited in original at the office of tender inviting authority on or before 2:00 PM of 22.11.2021.

EMD can also be remitted to Reserve Bank of India Account of on or before 2:00 PM of 22.11.2021. The account details for NEFT transactions are as under:

Beneficiary Name- Reserve Bank of India
IFSC : RBIS0COD001
Account No: 41869163273

Proof of remittance indicating transaction number and other details shall be uploaded on Bank’s approved e-tender portal along with other tender documents
g. Bid Start date– Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid at www.mstcecommerce.com/eprochome/rbi 10:00 AM of 11.11.2021
h. Bid close date– Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid 2:00 PM of 22.11.2021
i. a. Tender open Date:-
Date & time of opening of Part –I
(i.e. Techno – Commercial Bid).

b. Date of opening of Part – II (i.e. Price Bid)

 a. 3.00 PM of 22.11.2021

b. shall be informed separately to the bidders eligible for Part II of the tender

Note: The firms shall pay the mandated transaction fee to MSTC payment gateway in favour of MSTC LIMITED

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


The Reserve Bank of India has today released the 37th half-yearly report on management of foreign exchange reserves with reference to end-September 2021.

The position of foreign exchange reserves as on October 15, 2021 is as under:

US $ Billion
Foreign Exchange Reserves (i+ii+iii+iv) 641.01
i. Foreign Currency Assets (FCA) 577.95
ii. Gold 38.58
iii. Special Drawing Rights (SDRs) 19.25
iv. Reserve Tranche Position (RTP) 5.23
* Difference, if any, is due to rounding-off.

It may be recalled that in February 2004, the Reserve Bank had started a process of compiling half yearly reports and placing them in the public domain for bringing about more transparency and enhancing the level of disclosure in relation to management of the country’s foreign exchange reserves.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1107

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Annual Report

Publications

[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


Next

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

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


Next

[ad_2]

CLICK HERE TO APPLY

Leave a comment
1 … 29 30 31 32 33 … 287