Reserve Bank of India – Press Releases

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In the underwriting auctions conducted on October 22, 2021 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

(₹ crore)
Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate
(paise per ₹100)
4.26% GS 2023 2,000 1,008 992 2,000 0.50
5.63% GS 2026 6,000 3,003 2,997 6,000 0.64
6.67% GS 2035 9,000 4,515 4,485 9,000 1.34
6.67% GS 2050 7,000 3,507 3,493 7,000 1.70
Auction for the sale of securities will be held on October 22, 2021.

Ajit Prasad
Director   

Press Release: 2021-2022/1079

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Reserve Bank of India – Speeches

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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 Reserve Bank has launched the 96th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period October-December 2021. The survey assesses business sentiment for the current quarter (Q3:2021-22) and expectations for the ensuing quarter (Q4:2021-22), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The survey provides useful insight into the performance of the manufacturing sector. Owing to continued uncertainty because of the Covid-19 pandemic, an additional block has been included in this survey round for assessing the outlook on key parameters for the two subsequent quarters (Q1:2022-23 and Q2:2022-23).

2. The results for the 95th round i.e. for Q2:2021-22 were released in public domain on October 8, 2021.

3. M/s Genesis Management & Market Research Pvt. Ltd. has been authorised to conduct the survey for October-December 2021 on behalf of the Reserve Bank. While the agency will approach selected companies, other manufacturing companies are also encouraged to participate in the survey by downloading the survey questionnaire from the Bank’s website, which is placed under the head ‘Forms’ (see ‘More Links’ at the bottom of the RBI Homepage) and the sub-head ‘Survey’. The duly authenticated filled-in survey questionnaire may be e-mailed as per contact details given therein.

4. Identity of the respondents is not revealed.

5. In case of any query/clarification, kindly contact us at the following address:

The Director,
Division of Enterprise Surveys,
Department of Statistics and Information Management,
Reserve Bank of India, C-8, 2nd Floor, Bandra-Kurla Complex,
Bandra (East), Mumbai-400051.
Phone: 022-26578386, 022-26572197.
Please click here to send email.

Ajit Prasad
Director   

Press Release: 2021-2022/1077

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Reserve Bank of India – Press Releases

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The Reserve Bank has launched the 31st round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period October-December 2021. The survey assesses the business situation for the current quarter (Q3:2021-22) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q4:2021-22) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. Owing to continued uncertainty because of the Covid-19 pandemic, an additional block has been included in this survey round for assessing the outlook on key parameters for the two subsequent quarters (Q1:2022-23 and Q2:2022-23).

2. The results for the 30th round i.e. for Q2:2021-22 were released in public domain on October 8, 2021.

3. M/s Genesis Management & Market Research Pvt. Ltd. has been authorized to conduct the survey for October-December 2021 quarter on behalf of the Reserve Bank. While the agency will approach selected companies, other companies in the services and infrastructure sectors are also encouraged to participate in the survey by downloading the survey questionnaire from the Bank’s website, which is placed under the head ‘Forms’ (see ‘More Links’ at the bottom of the RBI Homepage) and the sub-head ‘Survey’. The duly authenticated filled-in survey questionnaire may be e-mailed as per contact details given therein.

4. Identity of the respondents is not revealed.

5. In case of any query/clarification, kindly contact us at the following address:

The Director
Division of Enterprise Surveys,
Department of Statistics and Information Management,
Reserve Bank of India, C-8, 2nd Floor, Bandra-Kurla Complex,
Bandra (East), Mumbai-400051.
Phone: 022-26578664, 022-26572197.
Please click here to send email.

Ajit Prasad
Director   

Press Release: 2021-2022/1078

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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 – Tenders

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Reserve Bank of India, Thiruvananthapuram had invited e-tender for Design, Supply, Installation, Testing and Commissioning of a Passenger Lift (Capacity – 6 Persons) at Amenities Block at Reserve Bank of India, Thiruvananthapuram, through the RBI Website and MSTC Portal on September 28, 2021.

2. In this context, it is notified that the schedule of events of the tender is modified as under.

Sl. No. Activity Existing Date Revised Date
1 Last date for submitting e-tender in MSTC Portal 14.00 Hrs 21-10-2021 14.00 Hrs 28-10-2021
2 Due date of submission of EMD 13.00 Hrs 21-10-2021 13.00 Hrs 28-10-2021
3 Date & time of opening of Part I of tender 15.00 Hrs 21-10-2021 15.30 Hrs 28-10-2021

General Manager (Officer-in-Charge)

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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

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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 following changes in schedule:

a. Pre–bid meeting : Will be informed in due course
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

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Reserve Bank of India – Press Releases

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Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in four tranches from October 2021 to March 2022 as per the calendar specified below:

S.No. Tranche Date of Subscription Date of Issuance
1. 2021-22 Series VII October 25 – 29, 2021 November 02, 2021
2. 2021-22 Series VIII November 29- December 03, 2021 December 07, 2021
3. 2021-22 Series IX January 10-14, 2022 January 18, 2022
4. 2021-22 Series X February 28- March 04, 2022 March 08, 2022

The Bonds will be sold through Scheduled Commercial banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited. The features of the Bond are as under:

Sl.No. Item Details
1 Product name Sovereign Gold Bond 2021-22
2 Issuance To be issued by Reserve Bank of India on behalf of the Government of India.
3 Eligibility The Bonds will be restricted for sale to resident individuals, HUFs, Trusts, Universities and Charitable Institutions.
4 Denomination The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
5 Tenor The tenor of the Bond will be for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates.
6 Minimum size Minimum permissible investment will be 1 gram of gold.
7 Maximum limit The maximum limit of subscription shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) notified by the Government from time to time. A self-declaration to this effect will be obtained. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the Secondary Market.
8 Joint holder In case of joint holding, the investment limit of 4 KG will be applied to the first applicant only.
9 Issue price Price of Bond will be fixed in Indian Rupees on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited for the last 3 working days of the week preceding the subscription period. The issue price of the Gold Bonds will be ₹50 per gram less for those who subscribe online and pay through digital mode.
10 Payment option Payment for the Bonds will be through cash payment (up to a maximum of ₹20,000) or demand draft or cheque or electronic banking.
11 Issuance form The Gold Bonds will be issued as Government of India Stock under GS Act, 2006. The investors will be issued a Holding Certificate for the same. The Bonds are eligible for conversion into demat form.
12 Redemption price The redemption price will be in Indian Rupees based on simple average of closing price of gold of 999 purity, of previous 3 working days published by IBJA Ltd.
13 Sales channel Bonds will be sold through Commercial banks, Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Ltd. (CCIL), designated post offices (as may be notified) and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange, either directly or through agents.
14 Interest rate The investors will be compensated at a fixed rate of 2.50 percent per annum payable semi-annually on the nominal value.
15 Collateral Bonds can be used as collateral for loans. The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time.
16 KYC documentation Know-your-customer (KYC) norms will be the same as that for purchase of physical gold. KYC documents such as Voter ID, Aadhaar card/PAN or TAN /Passport will be required. Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to individuals and other entities.
17 Tax treatment The interest on Gold Bonds shall be taxable as per the provision of Income Tax Act, 1961 (43 of 1961). The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond.
18 Tradability Bonds will be tradable on stock exchanges.
19 SLR eligibility Bonds acquired by the banks through the process of invoking lien/hypothecation/pledge alone, shall be counted towards Statutory Liquidity Ratio.
20 Commission Commission for distribution of the bond shall be paid at the rate of 1% of the total subscription received by the receiving offices and receiving offices shall share at least 50% of the commission so received with the agents or sub agents for the business procured through them.

Ajit Prasad
Director   

Press Release: 2021-2022/1075

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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


Next

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CLICK HERE TO APPLY

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