Category: RBI News

Addendum – Request for Proposal (RFP) for Engagement of Tax Consultant, Bengaluru

Tenders

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We have received queries from various respondents which has been provided below along with clarifications from RBI.

Queries and Answers to bidding Firms:

1. What is the MSTC bidding number?

Reply: RBI/BANAGLORE/ESTATE/86/21-22/ET/115.

2. Should Technical Bid and Financial Bid be submitted at the same time?

Reply: Yes, submit both bids together before the last date mentioned in RFP.

3. In the RFP it is mentioned to submit Audited Balance Sheet. Do we have to attach complete set of audited financial statements or just Balance Sheet and P&L?

Reply: Please provide complete set of audited financial statements.

4. What annexures are required to be submitted in Technical Bid and Financial bid?

Reply: Submit Annex III (Form – 2) for financial bid and all other Annex (viz. Annex I, I(A), IV, V, Appendix I & 2 to Annex IA) to be submitted with Technical bid.

5. What is the amount of transaction fee payable and EMD required?

Reply: There is no transaction fee and EMD applicable for this bidding.

6. Regarding firms experience in entity having 500 crores plus turnover for 3 years. Can the firm have experience in such entity separately for Direct tax and Indirect taxes?

Reply: If an appointment was for both Direct and Indirect together to a company (Tenure 3 years), then experience will be 3 years not 6 years.

7. Point 3 Annex 1: Additional marks, is it mandatory to have experience in Direct and Indirect Tax both to score additional marks or experience of any domain (i.e., Direct or Indirect tax) beyond 15 years will be sufficient to score additional marks?

Reply: Since the section is split into two the maximum marks for each separate section can be 7.5. (Total Max marks is 15).

8. Point 4 Annex 1: If a Partner is having experience in both Direct and Indirect Tax Matters, will he be eligible to score marks for Direct Tax Category and Indirect Tax category as well? Or do we need to submit separate names for both the categories (i.e. Direct Tax and Indirect Tax)?

Reply: Yes, Partner having experience in both Direct and Indirect Tax will be considered to score marks.

9. Point 5 Annex 1: Please confirm if Banking and Financial Services company having turnover of ₹500 crore or more will also be considered for marks under this point?

Reply: No, only Insurance companies/Listed Firms having turnover of ₹500 crore or more will be considered for marks.

10. Point 5 Annex 1: also confirm that the client served in most recent most recent past (i.e. 2017-18 onwards) will also be eligible to score marks?

Reply: Yes, will be considered.

11. Point 7 Annex 1: Should we mention the Clients (Banks/Financial Institutions) served as Direct Tax and Indirect Tax Consultants in any of last 3 years or should be served as consultant continuously for 3 Years?

Reply: Consultancy service should be continuous i.e. the service should not add up to 3 years (Example 2017-2020), preferably post GST amendment.

12. Point 8 Annex 1: what do mean by bidding branch?

Reply: Firm can bid from any of its branches (say Bangalore) who will be the primary bid winner but a branch in Mumbai is compulsory.

13. Estimated Number of opinions that may be required during the period of engagement?

Reply: Opinions required will be based upon the queries received from Regional offices and based on various changes in Tax Laws from time to time, an estimation cannot be provided for this.

14. Please provide a year wise summary of the Assessment cases/litigation pending with tax Authorities and their status as on date which need to be handled by us

Reply: There are no such cases pending with Tax Authorities as on date.

15. Whether any support services required for TDS return filings? If yes, please clarify on the scope?

Reply: No.

16. What is the Total Number of TANs for which support required?

Reply: Support is not TAN specific.

17. Whether our scope includes assistance towards annual Income tax return or any other return as well?

Reply: No.

18. What are the number of GST Registrations covered under the present Scope of Work?

Reply: Scope of work doesn’t involve GST registrations or any other regular GST related work. In case of queries related to GST, opinions will be required to be provided to deal with the issue or to get a perspective from statutory point of view as mentioned in RFP.

19. Does the scope include review of monthly and annual GST return?

Reply: No.

20. Who would be the Point of Contact for all the branches of RBI: Head office or respective Regional Offices?

Reply: Central Point of contact will be provided to the successful bidder.

21. Does the scope of work cover replies/representations for departmental audits under GST/ service tax?

Reply: Depends on the nature of query sent to Tax Consultant.

22. Whether the scope of services include the following?

a. Time to time Advisory Services. [Can we cap the number of advisory services to 30 hours per month]?

Reply: Yes, please see the RFP for detailed scope [No cap is allowed neither minimum hours is assured].

b. The fee towards any litigation or proceedings before the tax authorities can be decided only after understanding the issue involved. Hence, not covered as part of the scope of services for the tender.

Reply: If there is a need for the bidder to attend any hearings, the fee will be based on the number of hours required for the actual hearing.

23. Whether cost accountants can apply for the Tender?

Reply:

  1. In this regard, it is clarified that no restrictions have been mentioned in the tender document which exclude any firm of cost accountant from participating in the tender process. So, any cost accountant firm may apply.

  2. However, it is reiterated that the bidding firm should satisfy all the conditions mentioned in the RFP (cost accountants may provide their applicable registration certificate akin to ICAI. Further, wherever ‘chartered account’ is mentioned it may be read as ‘chartered/cost accountant’).

Any further queries in this regard may kindly be forwarded to centraltaxcell@rbi.org.in before September 17, 2021 by 13:30 hours.

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Reserve Bank of India – Annual Report

Publications

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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 of India (RBl) has imposed, by an order dated September 15, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Jila Sahakari Kendriya Bank Maryadit, Chhatarpur, Madhya Pradesh (the bank) for contravention of/ non-compliance with the directions issued by RBI on Know Your Customer (KYC). 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, 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, 2019, revealed, inter alia, contravention of/ non-compliance with the directions issued by RBI on Know Your Customer (KYC). 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 the directions.

After considering the bank’s reply, 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: 2021-2022/870

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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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Today, the Reserve Bank released its annual publication titled “Handbook of Statistics on the Indian Economy, 2020-21” (HBS). This publication, the 23rd in the series, disseminates time series data on various economic and financial indicators relating to the Indian economy. The current volume contains 237 statistical tables covering national income aggregates, output, prices, money, banking, financial markets, public finances, foreign trade and balance of payments and select socio-economic indicators.

Longer time-series are also available on the Reserve Bank’s Data Warehouse portal “Database on Indian Economy (DBIE)” (https://dbie.rbi.org.in), where all data series are updated periodically.

Feedback/comments on the HBS are welcome and may be sent (i) through the feedback button available on DBIE portal (https://dbie.rbi.org.in); or (ii) to the email; or (iii) to the Director, Data Management and Dissemination Division, Department of Statistics and Information Management, Reserve Bank of India, C-9/3rd Floor, Bandra-Kurla Complex, Mumbai 400 051.

Orders for the purchase of this publication may be placed with the Director, Division of Reports and Knowledge Dissemination (Sales Section), Department of Economic and Policy Research, Reserve Bank of India, Amar Building, Ground Floor, P. M. Road, Mumbai-400 001 on payment through demand draft or cheque drawn in favour of the Reserve Bank of India, payable at Mumbai only. The electronic form of its current and previous issues can also be freely downloaded from the Reserve Bank’s website (www.rbi.org.in).

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/868

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Reserve Bank of India – Tenders

Tenders

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(E-tender no. RBI/Chandigarh/Estate/74/21-22/ET/102)

The following queries were sought by the firm which participated in the pre-bid meeting:

S. No. Name of firm Section / Sub section of tender document Query / Suggestion by firm(s) Bank’s Remarks
1 M/s Modern Agencies Part- II Whether we have to quote monthly rates or yearly rates for Item No. 2 (CAMC charges)? Bidders are advised to quote yearly rates (including all taxes, GST, etc.) for Item No. 2 (CAMC charges) of Part- II.
2 M/s Modern Agencies Clause 3.1 of Section (III) What will be the completion time for the work? Time allowed for completion of work is 60 days from 14th day of issue of formal work order.

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Reserve Bank of India – Press Releases

Press Releases

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Auction Results 91 Days 182 Days 364 Days
I. Notified Amount ₹9000 Crore ₹4000 Crore ₹4000 Crore
II. Competitive Bids Received      
(i) Number 82 91 85
(ii) Amount ₹30881.450 Crore ₹19065.050 Crore ₹11170.050 Crore
III. Cut-off price / Yield 99.1829 98.3356 96.5529
(YTM: 3.3044%) (YTM: 3.3944%) (YTM: 3.5800%)
IV. Competitive Bids Accepted      
(i) Number 30 23 46
(ii) Amount ₹8992.190 Crore ₹3999.932 Crore ₹3999.604 Crore
V. Partial Allotment Percentage of Competitive Bids 30.77% 38.29% 67.90%
(2 Bids) (1 Bids) (3 Bids)
VI. Weighted Average Price/Yield 99.1856 98.3391 96.5822
(WAY: 3.2934%) (WAY: 3.3872%) (WAY: 3.5485%)
VII. Non-Competitive Bids Received      
(i) Number 7 2 1
(ii) Amount ₹8457.810 Crore ₹500.068 Crore ₹0.396 Crore
VIII. Non-Competitive Bids Accepted      
(i) Number 7 2 1
(ii) Amount ₹8457.810 Crore ₹500.068 Crore ₹0.396 Crore
(iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids)

Ajit Prasad
Director   

Press Release: 2021-2022/867

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Survey of Foreign Liabilities and Assets of Mutual Fund Companies – 2020-21

Press Releases

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Today, the Reserve Bank released the results of the 2020-21 round of the Survey of Foreign Liabilities and Assets of the Mutual Fund (MF) Companies[1].

The survey covered 44 Indian MF companies and their Asset Management Companies (AMCs), which held/acquired foreign assets/ liabilities during 2020-21 and/or in the preceding year (list given in the Annex). The stock of external assets and liabilities of their AMCs is taken from the annual census on foreign liabilities and assets of direct investment companies and the information on face value and market value of units held by non-resident, unit premium reserve and other foreign liabilities were collected under Schedule 4.

Highlights:

I. Mutual Fund Companies:

  • Foreign liabilities of MF companies stood at US $14.5 billion in March 2021, which were mainly in form of units issued to non-residents. Foreign assets of MF companies increased due to rise in equity security and other foreign assets during the year and stood at US $ 2.9 billion at end-March 2021 (Table 1).

  • UAE, UK, USA and Singapore together accounted for nearly 45 per cent of the total MF units held by non-residents, both at face value as well as at market value (Table 2 and 3).

  • Overseas equity investments of MF companies were largely concentrated in the USA and Luxembourg (Table 4).

II. Asset Management Companies:

  • Foreign liabilities of AMCs stood at US $ 5.7 billion in March 2021 whereas their foreign assets were much lower at US $ 0.1 billion (Table 5).

  • Non-residents in Japan and UK together held nearly 89 per cent of FDI of the AMCs (Table 6).

  • The relatively small overseas investments by AMCs were largely held in Guernsey, Singapore and Mauritius (Table 7).

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/866

Table 1: Mutual Fund Companies – Foreign Liabilities and Assets
Item End-March 2020 (R) End-March 2021 (P) % Growth
(₹ terms)
₹ crore US$ million ₹ crore US$ million
1 2 3 4 5 6
Foreign Assets 5,864 778 20,982 2,854 257.8
(a) Equity Securities 5,808 770 20,865 2,839 259.3
(b) Debt Securities – –  – –  – 
(c) Other Foreign Assets 56 8 117 16 108.9
           
Foreign Liabilities 72,564 9,626 106,249 14,455 46.4
(a) Market Value of Units 72,366 9,599 106,069 14,430 46.6
(b) Other Foreign Liabilities 198 26 180 24 -9.0
           
Net Liabilities 66,700 8,848 85,267 11,600 27.8
Face Value of Units 31,184 4,137 34,348 4,673 10.1
Notes: 1. The amount in US $ terms is arrived at by using the RBI reference rate (end-March).
2. Liabilities / Assets are valued at market prices unless stated otherwise.
3. Sum of constituent items may not add up to total due to rounding off.
4. – Nil/negligible.
5. R: Revised; P: Provisional.
6. These are also applicable for the remaining tables.

Table 2: Foreign Liabilities in Units of MF Companies at Face Value – Major Countries
(Amount in ₹ crore)
Country End-March 2020 (R) End-March 2021 (P) % Share in 2021 Annual Variation
Absolute Per cent
1 2 3 4 5 6
United Arab Emirates 5,640 6,376 18.6 736 13.0
United Kingdom 3,300 3,538 10.3 238 7.2
United States of America 2,898 3,093 9.0 195 6.7
Singapore 2,094 2,184 6.4 91 4.3
Oman 821 931 2.7 110 13.5
Qatar 614 797 2.3 183 29.8
Hong Kong 783 670 2.0 -113 -14.4
Saudi Arabia 553 645 1.9 92 16.6
Kuwait 544 629 1.8 85 15.6
Mauritius 600 486 1.4 -114 -19.0
Others* 13,338 14,999 43.6 1,661 12.5
   Of which: India 6,858 7,819 23.0 961 14.0
Total 31,184 34,348 100.0 3,164 10.1
*Others (comprised 241 countries) also includes non-resident Indians (NRIs), who use their Indian permanent address.

Table 3: Foreign Liabilities in Units of MF Companies at Market Value – Major Countries
(Amount in ₹ crore)
Country End-March 2020 (R) End-March 2021 (P) % Share in 2021 Annual Variation
Absolute Per cent
1 2 3 4 5 6
United Arab Emirates 12,247 19,232 18.1 6,985 57.0
United States of America 7,836 11,575 10.9 3,739 47.7
United Kingdom 6,616 9,565 9.0 2,949 44.6
Singapore 5,324 7,365 6.9 2,041 38.3
Mauritius 2,915 3,477 3.3 562 19.3
Oman 1,794 2,848 2.7 1,052 58.6
Qatar 1,369 2,534 2.4 1,165 85.1
Kuwait 1,237 1,961 1.9 724 58.5
Saudi Arabia 1,159 1,949 1.8 790 68.2
Hong Kong 1,501 1,807 1.7 307 20.4
Others* 30,368 43,756 41.3 13,391 44.1
of which: India 16,155 21,592 20.4 5,438 33.7
Total 72,366 106,069 100.0 33,703 46.6
*Others (comprised 241 countries) also includes non-resident Indians (NRIs), who use their Indian permanent address.

Table 4: Equity Securities held Abroad by Mutual Fund Companies at Market Value– Major Countries
(Amount in ₹ crore)
Country End-March 2020 (R) End-March 2021 (P) % Share in 2021 Variation
Absolute Per cent
1 2 3 4 5 6
United States of America 2,427 9,029 43.3 6,602 272.0
Luxembourg 2,536 8,867 42.5 6,331 249.6
Ireland 89 1,469 7.0 1,380 1550.6
Japan 125 340 1.6 215 172.0
Canada 180 308 1.5 128 71.1
Cayman Islands 83 287 1.4 204 245.8
United Kingdom 69 112 0.5 43 62.3
Taiwan 30 82 0.4 52 173.3
Hong Kong 22 66 0.3 44 200.0
Singapore 35 58 0.3 23 65.7
Others 212 247 1.2 35 17.5
Total 5,808 20,865 100.0 15,057 259.2

Table 5: Foreign Liabilities and Assets of AMCs
Item End-March 2020 (R) End-March 2021 (P) % Growth
(₹ terms)
₹ crore US$ million ₹ crore US$ million
1 2 3 4 5 6
Foreign Liabilities 33,300 4,417 42,257 5,750 26.9
(a) Direct Investment 28,130 3,731 34,279 4,664 21.9
(b) Portfolio investment 5,141 682 7,974 1,085 55.1
(c) Other Investment 29 4 4 1 -86.2
           
Foreign Assets 468 62 644 87 37.6
(a) Direct Investment 433 57 606 82 40.0
(b) Portfolio investment – – – – –
(c) Other Investment 35 5 38 5 8.6
           
Net Liabilities 32,832 4,355 41,613 5,663 26.7
Source: Annual Census on Foreign Liabilities and Assets of Direct Investment Companies, RBI
Note: – Nil/negligible.

Table 6: Foreign Direct Investment in AMCs – Major Countries
(Amount in ₹ crore)
Country End-March Variation
2020 (R) 2021 (P) % Share in 2021 Absolute Per cent
1 2 3 4 5 6
Japan 11,514 15,606 45.5 4,092 35.5
United Kingdom 13,436 14,748 43.0 1,312 9.8
Mauritius 1,270 1,389 4.0 119 9.4
Singapore 135 337 1.0 202 149.6
France 735 951 2.8 216 29.4
Netherlands 95 111 0.3 16 16.8
Canada 660 844 2.5 184 27.9
Hong Kong 179 192 0.6 13 7.3
United States of America 106 101 0.3 -5 -4.7
Total 28,130 34,279 100.0 6,149 21.9
Source: Annual Census on Foreign Liabilities and Assets of Direct Investment Companies, RBI

Table 7: Overseas Direct Investment by AMCs – Major Countries
(Amount in ₹ crore)
Country End-March Variation
2020 (R) 2021 (P) % Share in 2021 Absolute Per cent
1 2 3 4 5 6
Guernsey 326 494 81.5 168 51.5
Singapore 52 66 10.9 14 26.9
Mauritius 48 39 6.4 -9 -18.8
United Arab Emirates 7 7 1.2 0 –
Total 433 606 100.0 173 40.0
Source: Annual Census on Foreign Liabilities and Assets of Direct Investment Companies, RBI
Note: – Nil/negligible.

1 The results of the previous survey round for the year 2019-20 were released vide press release dated October 20, 2020.

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Reserve Bank of India – Press Releases

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I. T-Bill 91 days 182 days 364 days
II. Total Face Value Notified ₹9,000 Crore ₹4,000 Crore ₹4,000 Crore
III. Cut-off Price and Implicit Yield at Cut-Off Price 99.1829
(YTM: 3.3044%)		 98.3356
(YTM: 3.3944%) 		96.5529
(YTM: 3.5800%)
IV. Total Face Value Accepted ₹9,000 Crore ₹4,000 Crore ₹4,000 Crore

Ajit Prasad
Director   

Press Release: 2021-2022/865

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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) 3,87,531.84 3.19 1.50-5.15
     I. Call Money 6,654.19 3.14 1.95-3.40
     II. Triparty Repo 2,88,356.45 3.18  3.01-3.35
     III. Market Repo 91,961.20 3.21 1.50-3.35
     IV. Repo in Corporate Bond 560.00 3.51 3.35-5.15
B. Term Segment      
     I. Notice Money** 121.75 3.03 2.75-3.35
     II. Term Money@@ 71.00 – 3.05-3.40
     III. Triparty Repo 282.60 3.17 3.17-3.18
     IV. Market Repo 10.00 3.05 3.05-3.05
     V. Repo in Corporate Bond 1,533.00 3.43 3.38-3.50
  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 Tue, 14/09/2021 1 Wed, 15/09/2021 4,97,954.00 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 Tue, 14/09/2021 7 Tue, 21/09/2021 1,00,019.00 3.38
3. MSF Tue, 14/09/2021 1 Wed, 15/09/2021 65.00 4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
5. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -5,97,908.00  
II. Outstanding Operations
1. Fixed Rate          
    (i) Repo          
    (ii) Reverse Repo          
    (iii) Special Reverse Repo~ Thu, 09/09/2021 15 Fri, 24/09/2021 6,937.00 3.75
    (iv) Special Reverse Repoψ Thu, 09/09/2021 15 Fri, 24/09/2021 2,513.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Thu, 09/09/2021 15 Fri, 24/09/2021 3,50,015.00 3.41
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
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
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
D. Standing Liquidity Facility (SLF) Availed from RBI$       26,695.80  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -2,48,227.20  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -8,46,135.20  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 14/09/2021 6,16,076.44  
     (ii) Average daily cash reserve requirement for the fortnight ending 24/09/2021 6,25,660.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 14/09/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 27/08/2021 11,40,445.00  
@ 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.
~ 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: 2021-2022/864

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