Reserve Bank of India – Press Releases
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A. OMO PURCHASE ISSUE
B. OMO SALE ISSUE
Detailed results will be issued shortly. Ajit Prasad Press Release: 2020-2021/1149 |
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Category: Press Releases
Reserve Bank of India – Press Releases
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Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on February 26, 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:
The underwriting auction will be conducted through multiple price-based method on February 26, 2021 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 9.00 A.M. and 9.30 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 Press Release: 2020-2021/1148 |
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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 – Press Releases
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Reserve Bank of India – Press Releases
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It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive dated February 23, 2021 has issued certain Directions to Garha Co-operative Bank Ltd., Guna, whereby, as from the close of business on February 24, 2021, the Administrator of the aforesaid bank shall not, without prior approval of RBI in writing grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in the RBI Direction dated February 23, 2021 a copy of which is displayed on the bank’s premises for perusal by interested members of the public. Considering the bank’s present liquidity position, a sum not exceeding ₹50000 (Rupees Fifty thousand only) of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn, but bank is allowed to set off loans against deposits subject to the conditions stated in the above RBI Directions. In the bank, 99.40% of the depositors are fully covered by the DICGC insurance scheme. 2. The issue of the above Directions by the RBI should not per se be construed as cancellation of banking license by RBI. The bank will continue to undertake banking business with restrictions till its financial position improves. The Reserve Bank may consider modifications of these Directions depending upon circumstances. 3. These Directions shall remain in force for a period of six months from the close of business on February 24, 2021 and are subject to review. (Yogesh Dayal) Press Release: 2020-2021/1145 |
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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 – Press Releases
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On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of Government securities under Open Market Operations (OMO) for an aggregate amount of ₹15,000 crore each on March 04, 2021.
2. Accordingly, the details of securities for the simultaneous purchase and sale of Government securities under Open Market Operations (OMOs) for ₹15,000 crore each on March 04, 2021 are as follows:
Purchase
The Reserve Bank will purchase the following securities using the multiple price auction method:
| Sr. No | ISIN | Security | Date of Maturity | Aggregate Amount |
| 1 | IN0020190396 | 6.18% GS 2024 | 04-Nov-2024 | ₹15,000 crore (There is no security-wise notified amount) |
| 2 | IN0020170026 | 6.79% GS 2027 | 15-May-2027 | |
| 3 | IN0020170042 | 6.68% GS 2031 | 17-Sep-2031 | |
| 4 | IN0020050012 | 7.40% GS 2035 | 09-Sep-2035 |
Sale
The Reserve Bank will simultaneously sell the following securities using the multiple price auction method:
| Sr. No | ISIN | Security | Date of Maturity | Aggregate Amount |
| 1 | IN0020110030 | 8.79% GS 2021 | 08-Nov-2021 | ₹15,000 crore (There is no security-wise notified amount) |
| 2 | IN0020060037 | 8.20% GS 2022 | 15-Feb-2022 |
3. The Reserve Bank reserves the right to:
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decide on the quantum of purchase/sale of individual securities.
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accept bids/offers for less than the aggregate amount.
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purchase/sell marginally higher/lower than the aggregate amount due to rounding-off.
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accept or reject any or all the bid/offers either wholly or partially without assigning any reasons.
4. Eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on March 04, 2021. Only in the event of system failure, physical bids/offers would be accepted. Such physical bid/offer 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 funds/securities in their Current account/SGL account, as the case may be, by 12 noon on March 05, 2021.
6. The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly functioning of financial markets.
(Yogesh Dayal)
Chief General Manager
Press Release: 2020-2021/1143
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Ajit Prasad Press Release: 2020-2021/1142 |
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Reserve Bank of India – Press Releases
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Ajit Prasad Press Release: 2020-2021/1141 |
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