Reserve Bank of India – Press Releases

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1. Reserve Bank of India – Liabilities and Assets*
(₹ Crore)
Item 2020 2021 Variation
Oct. 9 Oct. 1 Oct. 8 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government
4.2 State Governments 15478 14498 9800 -4698 -5678
* Data are provisional.

2. Foreign Exchange Reserves
Item As on October 8, 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 4794421 639516 70451 2039 575468 62532 760154 88011
1.1 Foreign Currency Assets 4325736 577001 61485 1550 401568 40308 604010 68218
1.2 Gold 285046 38022 6729 464 37323 4142 17331 1423
1.3 SDRs 144454 19268 1878 28 133591 17783 133629 17789
1.4 Reserve Position in the IMF 39185 5225 359 -3 2987 300 5184 581
*Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding as on Sep. 24, 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 15595037 20349 694911 481525 1355943 1332634
2.1a Growth (Per cent)   0.1 5.1 3.2 10.5 9.3
2.1.1 Demand 1822972 69390 -40943 -38221 167175 246911
2.1.2 Time 13772065 -49040 735854 519746 1188768 1085722
2.2 Borrowings 245898 2498 -53222 1873 -84812 -10319
2.3 Other Demand and Time Liabilities 591509 -25164 -52619 -65098 18646 40452
7 Bank Credit 10956792 44087 -99280 7283 502727 685211
7.1a Growth (Per cent)   0.4 –1.0 0.1 5.1 6.7
7a.1 Food Credit 62342 -7396 14663 1087 6342 -4085
7a.2 Non-food credit 10894450 51483 -113943 6196 496385 689296

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 Sep. 24 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 18844578 19392124 -8597 0.0 939801 5.6 547546 2.9 1925597 12.2 1652360 9.3
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2751828 2814931 -28334 -1.0 235494 10.0 63103 2.3 496045 23.7 229689 8.9
1.2 Demand Deposits with Banks 1995120 1957469 69218 3.7 -40782 -2.3 -37651 –1.9 171683 11.3 260559 15.4
1.3 Time Deposits with Banks 14050278 14572824 -49660 -0.3 740775 5.8 522545 3.7 1247028 10.2 1158034 8.6
1.4 ‘Other’ Deposits with Reserve Bank 47351 46900 178 0.4 4314 11.2 -451 –1.0 10841 33.9 4078 9.5
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 5850374 6075924 -179121 -2.9 557955 11.2 225550 3.9 681183 14.1 557606 10.1
2.1.1 Reserve Bank 1099686 1118511 -133314   -155762   18825   -100459   282081  
2.1.2 Other Banks 4750689 4957413 -45807 -0.9 713717 18.0 206724 4.4 781642 20.0 275525 5.9
2.2 Bank Credit to Commercial Sector 11668466 11665987 42396 0.4 -104738 -0.9 -2479 –0.0 554960 5.3 732081 6.7
2.2.1 Reserve Bank 8709 5796 -1204   1574   -2913   6637   -8944  
2.2.2 Other Banks 11659757 11660191 43600 0.4 -106312 -1.0 433 0.0 548323 5.3 741025 6.8

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabilisation Scheme OMO (Outright) Long Term Repo Opera tions& 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 Purc hase
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Oct. 4, 2021 404319 80 –1900 350 -405789
Oct. 5, 2021 420811 200001 235 -620577
Oct. 6, 2021 363682 306 -363376
Oct. 7, 2021 339048 150 315 -338583
Oct. 8, 2021 253004 400002 1195 9296 -661107
Oct. 9, 2021 9307 14 -9293
Oct. 10, 2021 5424 14 -5410
* 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: 2021-2022/1050

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Reserve Bank of India – Tenders

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Reserve Bank of India (RBI), Belapur invites tenders from eligible CA firms (as defined in the tender document), for Appointment of Concurrent Auditors for the period from December 01, 2021 to September 30, 2022 (extendable for two more years subject to the satisfactory performance, as evaluated by the Bank on an annual basis).

The Tender process will be executed through the e-Tendering portal of MSTC Ltd. (https://www.mstcecommerce.com/eprochome/rbi). Interested tenderers must register themselves with MSTC Ltd. through the aforementioned website to participate in the tendering process.

Tender document can be downloaded from both the RBI website www.rbi.org.in under ‘Tender’ section and from the website www.mstcecommerce.com. The last date for submission of tenders is November 11, 2021 till 11:00 AM. Tenders submitted only through the portal, will be accepted for the captioned process. Tenders, if received (in any mode) after the said date and time, will not be accepted by the Bank.

The Tenderer should check the above website / e-portal for any Amendment / Corrigendum / Clarification before submitting the bid. The Bank shall have the right to cancel, modify the Tender and extend the deadline for submission of Tender. Further, the Bank reserves the right to accept any Tender, either in full or in part and to reject any or all the Tenders without assigning any reason thereof.

Chief General Manager
Reserve Bank of India
Belapur


SCHEDULE OF TENDER

A e-Tender no. RBI/Belapur/HRMD/16/21-22/ET/220
B Name of the Tender Appointment of Concurrent Auditors for the period from December 01, 2021 to September 30, 2022 for RBI, Belapur
C Date of Notice Inviting e-tender available for view/download on RBI website October 14, 2021
D Estimated value of tender i.e Minimum remuneration fees (per month)  ₹70,000/- (inclusive of all costs and exclusive of GST) i.e Rs 8,40,000/- for 12 months (inclusive of all costs and exclusive of GST)
E Date of Starting of online submission of e- tender (Technical Bid and Financial Bid) at www.mstcecommerce.com/eprochome/rbi October 21, 2021, from 03:00 pm onwards
F Date & time of closing of online submission of e-tender (Technical Bid and Financial Bid) on the MSTC portal November 11, 2021 at 11:00 AM
G Date & time of opening of Part-I (Technical Bid) of Tender November 11, 2021 at 03:00 PM
H Date of opening of Part-II (Financial Bid) of Tender Part-II (Financial Bid) will be opened electronically of only those bidder(s) whose Part-I (Technical Bid) is found acceptable by RBI, Belapur. Such bidder(s) will be intimated regarding date of opening of Part-II (Financial Bid) through valid e-mail id given by them.

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Reserve Bank of India – Tenders

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Auction Number: MSTC/VAD/Reserve Bank of India/1/Near Gandhi Bridge, Ahmedabad/21-22/18996

Reserve Bank of India, Ahmedabad intends to sell its following vehicle on “as is where is basis” through E-auction:

Sr No. Description of Car Details
1 Company / Make Renault India Private Limited
2 Model Renault Duster RXL DCI
3 Month and year of Manufacturing October 2016
4 Month of Purchase December 2016
5 Version Petrol
6 Registration Number GJ-01-KW-5217
7 Colour of Car Black
8 Kilometer 16,300

Terms and Conditions:

1. Bidders are requested to inspect the car and get acquainted with the conditions etc. before bidding in the E-auction.

2. The participant can examine the vehicle stationed at Reserve Bank of India, Main office Building, Near Gandhi Bridge, Ahmedabad up to October 27, 2021 on Bank’s working days (Monday to Friday) between 01.00 PM to 5.00 PM.

3. Live E-auction will be held on MSTC E-auction Portal on October 28, 2021 between 12:00 PM to 05:00 PM. The E-auction closing time will be automatically extended by 8 minutes every time the last H-1 Bid is received within 7 minutes of the predetermined or extended Closing Time. This process will continue till the last H-1 Bid remains unimproved for a minimum period of 8 (eight) minutes.

4. All expenses relating to transfer of ownership of the vehicle including RTO related taxes, charges for transport, insurance charges etc shall be borne by the successful bidder. No claim in respect of changes in any other taxes/ duties shall be entertained by the Bank.

5. Rate must be quoted exclusive of GST. GST rates as indicated in the e-auction catalogue are only indicative. Actual GST rates as applicable on the date of lifting shall be applicable. Bidders are required to satisfy themselves about GST rate through their own sources/means before bidding in this e-auction and any discrepancy should be intimated to MSTC / RBI at least one working day prior to the e-auction. No complaint from any bidder thereafter, regarding any variation will be entertained after the e-auction goes on live floor. Non-payment of sale proceeds on the ground of any discrepancy of GST rate will be treated as default and action as deemed fit including but not limited to forfeiture of EMD/SD will be taken against the bidder.

6. Pre-bid Earnest Money Deposit (EMD) of ₹25,000/- should be paid on MSTC E-auction Portal before participating in this auction.

7. It shall be the responsibility of the successful bidder for arranging transfer of ownership of the vehicle purchased in the RTO records at his/her own cost.

8. Car will be handed over to the successful bidder only after complete bid price is received by the Bank and when the bidder completes the registration formalities and gets the vehicle transferred from RTO in his/ her / organization name.

9. The Bank reserves the right to accept or reject any or all bids without assigning any reasons therefor.

Regional Director
Gujarat

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Reserve Bank of India – Press Releases

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The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018, had placed The City Co-operative Bank Ltd, Mumbai under Directions from the close of business on April 17, 2018. The validity of the directions was extended from time-to-time, the last being up to October 16, 2021.

2. It is hereby notified for the information of the public that, the 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 16, 2022 as per the directive DOR.MON.D-42/12.22.039/2021-22 dated October 14, 2021, subject to review.

3. All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated October 14, 2021 notifying the above extension is displayed at the bank’s premises for the perusal of public.

4. The aforesaid extension and /or modification by the 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: 2021-2022/1049

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Reserve Bank of India – Notifications

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RBI/2021-22/111
DoR.FIN.REC.59/20.16.056/2021-22

October 14, 2021

All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks
All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI)
All Non-Banking Financial Companies (including Housing Finance Companies)
All Credit Information Companies

Madam/Dear Sir,

Data Format for Furnishing of Credit Information to Credit Information Companies

Please refer to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014, inter alia setting out a Uniform Credit Reporting Format for reporting credit information to the Credit Information Companies (CICs). The Uniform Credit Reporting Format has two Annexes, Annex-I contains two formats for credit reporting, viz., Consumer Bureau and Commercial Bureau, whereas Annex-II contains credit reporting format for Micro Finance Institution (MFI) segment.

2. The Relationship Segment (RS) in the Commercial Bureau format inter alia captures information on relationship fields of the corporates, viz., business category and type of relationship (i.e. contains information on directors, shareholders, proprietors, partners, trustees, holding companies, subsidiary companies and associated companies related to the borrower). It is observed that there is a low level of RS details in the databases of CICs.

3. The RS details are very important in establishing cross-linkages across the three modules, viz., Consumer, Commercial and MFI Bureaus, while providing comprehensive credit information of a borrower to Credit Institutions (CIs) by CICs. Accordingly, it has now been decided that the reporting of RS data by CIs to CICs would henceforth be mandatory. In order to ensure implementation in a non-disruptive manner, the reporting requirement may be staggered in the manner indicated below.

(i) The reporting would be mandatory in respect of new loan accounts opened after July 1, 2022.

(ii) A phased approach shall be followed for reporting of legacy data as detailed below:

  1. The accounts opened during the period (July 1, 2021 to June 30, 2022) have to be updated by January 1, 2023.

  2. The accounts opened in past three years (July 1, 2018 to June 30, 2021) have to be updated by July 1, 2023.

  3. A timeline for reporting of the remainder legacy data would be reviewed by the Technical Working Group and the CIs would be advised in due course.

4. The CIs are advised to commence reporting the aforesaid information as per the prescribed timelines to CICs.

Yours faithfully

(Sunil T S Nair)
Chief General Manager

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Reserve Bank of India – Tenders

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Sr. No. Details Date/ Time
a. E-tender No. RBI/Central Office/ Premises Department/4/21-22/ET/213
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 ₹ 27.00 lakh
d. View tender – Date, Time on MSTC Web portal 3.00 p.m. onwards of 14.10.2021
e. Pre-Bid meeting Online 11.30 AM of 28.10.2021
f. Earnest Money Deposit ₹ 54,000/-
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 08.11.2021.
EMD can also be remitted to Reserve Bank of India Account of on or before 2:00 PM of 08.11.2021. 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 29.10.2021
h. Bid close date- Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid. 2:00 PM of 08.11.2021
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 08.11.2021

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

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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 – Tenders

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SCHEDULE OF TENDER (SOT)

Item Design, Supply, Installation, Testing and Commissioning of Crash Rated Electro – Hydraulic Bollard System for entry and exit gate at College of Agricultural Banking, Reserve Bank of India, Pune
e-Tender no RBI/CAB Pune/202/21-22/ET/202
Mode of Tender e-Procurement System
(Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi)
Date of NIT available to parties to download From 2 PM of 14.10.2021
Tender Fees Nil
Pre-Bid meeting At 11:00 AM on 21.10.2021
Earnest Money Deposit Rs. 84,000/- by NEFT as per Annexure I
Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid at www.mstcecommerce.com/eprochome/rbi 2:00 PM of 26.10.2021
Last date of submission of EMD Till 2:00 PM on 12.11.2021
Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid 2:00 PM on 12.11.2021
Date & time of opening of Part-I (i.e. Techno-Commercial Bid)

Part-II Price Bid: Date of opening of Part II i.e. price bid shall be informed separately

3:00 PM of 12.11.2021
Transaction Fee To be paid through MSTC Payment Gateway/NEFT/RTGS in favour of MSTC Limited or as advised by M/s MSTC Ltd.

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Reserve Bank of India – Press Releases

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The Reserve Bank of India had issued Directions to Hindu Cooperative Bank Ltd., Pathankot, Punjab, under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-IV No.D-9/12.28.311/2018-19 dated March 13, 2019, as modified from time to time, which were last extended up to October 24, 2021. The Reserve Bank of India, on being satisfied that in the public interest it is necessary to do so, in exercise of the powers vested in it under sub-section (2) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby, withdraws with effect from close of business on October 14, 2021, the said Directions so issued to Hindu Cooperative Bank Limited, Pathankot, Punjab. A copy of the Directive is displayed in the bank’s premises for perusal by interested members of public.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1048

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Reserve Bank of India – Press Releases

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The Reserve Bank of India (RBI) has imposed, by an order dated October 14, 2021, a monetary penalty of ₹1 lakh (Rupees One lakh only) on KNS Bank, The Kurla Nagarik Sahakari Bank Ltd., Mumbai (the bank) for contravention of Section 26-A read with section 56 of the Banking Regulation Act, 1949 (the Act), the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme) framed under section 26 A of the Act. 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 (the Act), 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, 2020, revealed, inter alia, that the bank had not transferred balances, in certain accounts which were unclaimed for more than ten years to Depositor Education and Awareness Fund. 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 non-compliance with and contravention of the provisions of the Act and the directions issued under the Act, as stated therein.

After considering the bank’s written reply to the Notice and oral submissions made during the personal hearing and subsequent additional submissions, RBI came to the conclusion that the aforesaid charge of non-compliance with RBI directions was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1047

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