Get Bank IFSC & MICR codes here.
[ad_1]
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 Rupambara Press Release: 2020-2021/1129 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[ad_2]
[ad_1]
|
As announced in the Statement on Developmental and Regulatory Policies issued on December 4, 2020. Reserve Bank of India today placed on its website the “Master Direction on Digital Payment Security Controls”. The Master Direction provides necessary guidelines for the Regulated Entities (Scheduled Commercial Banks, Small Finance Banks, Payment Banks and Credit Card issuing NBFCs) to set up a robust governance structure and implement common minimum standards of security controls for digital payment products and services. The guidelines are technology and platform agnostic and shall create an enhanced and enabling environment for customers to use digital payment products in a more safe and secure manner. The Master Direction consolidates important control aspects broadly in the following areas viz., Governance and Management of Security Risks, Generic Security Controls, Application Security Life Cycle (ASLC), Authentication Framework, Fraud Risk Management, Reconciliation Mechanism, Customer Protection, Awareness and Grievance Redressal Mechanism, specific controls related to Internet Banking, Mobile Payments Application Security Controls and Card Payments Security. (Yogesh Dayal) Press Release: 2020-2021/1127 |
[ad_2]
[ad_1]
|
The results of the auctions of 3.96% Government Stock, 2022 (Re-Issue), 5.15% Government Stock, 2025 (Re-Issue), 5.85% Government Stock, 2030 (Re-Issue) and New Government Stock, 2061 held on February 18, 2021 are:
Rupambara Press Release: 2020-2021/1128 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[ad_2]
[ad_1]
The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹23,906 Cr. (Face Value).
| Sr. No. | State | Amount to be raised (₹ Cr) |
Additional Borrowing (Green shoe) Option (₹ Cr) |
Tenure (Yrs) |
Type of Auction |
| 1. | Andhra Pradesh | 1314 | – | 16 | Yield |
| 2. | Assam | 500 | – | 6 | Yield |
| 1000 | – | 10 | Yield | ||
| 3. | Chhattisgarh | 1000 | – | 8 | Yield |
| 4. | Goa | 200 | – | 10 | Yield |
| 5. | Gujarat | 1000 | – | 10 | Yield |
| 6. | Haryana | 1000 | – | 20 | Yield |
| 7. | Jharkhand | 1000 | 400 | 14 | Yield |
| 8. | Karnataka | 1000 | – | 17 | Yield |
| 1000 | – | 18 | Yield | ||
| 1000 | – | 19 | Yield | ||
| 9. | Madhya Pradesh | 3000 | – | Re-issue of 7.03% Madhya Pradesh SDL 2031 issued on February 17, 2021 | Price |
| 10. | Maharashtra | 1000 | – | 10 | Yield |
| 11. | Puducherry | 150 | – | 5 | Yield |
| 12. | Punjab | 500 | – | Re-issue of 7.05% Punjab SDL 2031 issued on February 10, 2021 | Price |
| 13. | Rajasthan | 500 | – | 20 | Yield |
| 14. | Sikkim | 100 | – | 10 | Yield |
| 15. | Tamil Nadu | 2500 | – | Re-issue of 6.95% Tamil Nadu SDL 2031 issued on February 17, 2021 | Price |
| 16. | Tripura | 142 | – | 15 | Yield |
| 17. | Uttar Pradesh | 4000 | – | 10 | Yield |
| 18. | West Bengal | 2000 | – | 20 | Yield |
| Total | 23906 |
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on February 23, 2021 (Tuesday). 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 February 23, 2021 (Tuesday). 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 February 23, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on February 24, 2021 (Wednesday) 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 August 24 and February 24 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.
Rupambara
Director
Press Release: 2020-2021/1126
[ad_2]
[ad_1]
|
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:
The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018, issued by Government of India, as amended from time to time. State Governments, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, February 24, 2021, during the below given timings:
Results will be announced on the day of the auction. Payment by successful bidders to be made on Thursday, February 25, 2021. 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. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125). Rupambara Press Release: 2020-2021/1125 |
[ad_2]
[ad_1]
Rupambara Press Release: 2020-2021/1124 |
||||||||||||||||||||||||||||||||||||
[ad_2]
[ad_1]
|
In the underwriting auctions conducted on February 18, 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:
Rupambara Press Release: 2020-2021/1123 |
||||||||||||||||||||||||||||||||||||||||||
[ad_2]
[ad_1]
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[ad_2]
[ad_1]
|
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period December 28 – January 01, 2021.
Rupambara Press Release: 2020-2021/1121 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[ad_2]
[ad_1]
|
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period December 21 – December 24, 2020.
Rupambara Press Release: 2020-2021/1120 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[ad_2]