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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 Ref. No. DoS.CO.UCBs-West/D-2/12.07.005/2020-21 dated February 09, 2021, has issued certain Directions to Independence Co-operative Bank Limited, Nashik, whereby, as from the close of business on February 10, 2021, the Chief Executive Officer 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 09, 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, no amount from the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn, but are allowed to set off loans against deposits subject to the conditions stated in the above RBI Directions. However, 99.89 per cent 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 10, 2021 and are subject to review.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1081

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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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Auction Results 91 day 182 day 364 day
I. Notified Amount ₹ 4000 Crore ₹ 7000 Crore ₹ 8000 Crore
II. Competitive Bids Received      
(i) Number 83 96 84
(ii) Amount ₹ 28559 Crore ₹ 25867.35 Crore ₹ 27475 Crore
III. Cut-off price / Yield 99.1756 98.2446 96.4
(YTM: 3.3341%) (YTM: 3.5833%) (YTM: 3.7447%)
IV. Competitive Bids Accepted      
(i) Number 8 20 24
(ii) Amount ₹ 3996.452 Crore ₹ 6998.209 Crore ₹ 7999.789 Crore
V. Partial Allotment Percentage of Competitive Bids 32.04% 60.17% 83.97%
(1 Bid) (1 Bid) (5 Bids)
VI. Weighted Average Price/Yield ₹ 99.1781 ₹ 98.2498 ₹ 96.4072
(WAY: 3.3240%) (WAY: 3.5725%) (WAY: 3.7369%)
VII. Non-Competitive Bids Received      
(i) Number 3 2 1
(ii) Amount ₹ 1703.548 Crore ₹ 1.791 Crore ₹ 0.211 Crore
VIII. Non-Competitive Bids Accepted      
(i) Number 3 2 1
(ii) Amount ₹ 1703.548 Crore ₹ 1.791 Crore ₹ 0.211 Crore
(iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids)

Rupambara
Director   

Press Release: 2020-2021/1079

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I. SUMMARY OMO PURCHASE RESULTS

Aggregate Amount (Face value) notified by RBI : ₹ 20,000 crore
Total amount offered (Face value) by participants : ₹ 89,234 crore
Total amount accepted (Face value) by RBI : ₹ 20,000 crore

II. DETAILS OF OMO PURCHASE ISSUE

Security 6.18% GS 2024 7.17% GS 2028 5.77% GS 2030 6.19% GS 2034
No. of offers received 102 195 205 83
Total amount (face value) offered (₹ in crore) 12311 43146 25334 8443
No. of offers accepted 24 NIL 158 46
Total offer amount (face value) accepted by RBI (₹ in crore) 2040 NA 14654 3306
Cut off yield (%) 5.1780 NA 6.0034 6.4933
Cut off price (₹) 103.35 NA 98.33 97.28
Weighted average yield (%) 5.1956 NA 6.0444 6.5184
Weighted average price (₹) 103.29 NA 98.04 97.06
Partial allotment % of competitive offers at cut off price 19.07 NA NA NA

Rupambara
Director   

Press Release: 2020-2021/1078

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Security 6.18% GS 2024 7.17% GS 2028 5.77% GS 2030 6.19% GS 2034
Total amount notified (₹ in crore) Aggregate amount of ₹20,000 crore
(no security-wise notified amount)
Total amount (face value) accepted by RBI (₹ in crore) 2,040 NIL 14,654 3,306
Cut off yield (%) 5.1780 NA 6.0034 6.4933
Cut off price (₹) 103.35 NA 98.33 97.28

Detailed results will be issued shortly.

Rupambara
Director   

Press Release: 2020-2021/1077

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I. T-Bill 91 days 182 days 364 days
II. Total Face Value Notified ₹4,000 Crore ₹7,000 Crore ₹8,000 Crore
III. Cut-off Price and Implicit Yield at Cut-Off Price 99.1756
(YTM: 3.3341%)		 98.2446
(YTM: 3.5833%)		 96.4000
(YTM: 3.7447%)
IV. Total Face Value Accepted ₹4,000 Crore ₹7,000 Crore ₹8,000 Crore

Rupambara
Director   

Press Release: 2020-2021/1076

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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) 4,58,856.08 3.18 0.01-5.30
     I. Call Money 10,014.39 3.24 1.90-3.50
     II. Triparty Repo 3,45,693.40 3.22 2.50-3.33
     III. Market Repo 1,02,313.29 3.03 0.01-3.35
     IV. Repo in Corporate Bond 835.00 3.70 3.37-5.30
B. Term Segment      
     I. Notice Money** 103.05 3.09 2.50-3.30
     II. Term Money@@ 377.75 – 3.25-3.45
     III. Triparty Repo 86.00 3.15 3.15-3.15
     IV. Market Repo 930.00 3.17 1.00-3.32
     V. Repo in Corporate Bond 50.00 5.35 5.35-5.35
  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, 09/02/2021 1 Wed, 10/02/2021 5,05,265.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Tue, 09/02/2021 1 Wed, 10/02/2021 38.00 4.25
4. Long-Term Repo Operations –   –   –
5. Targeted Long Term Repo Operations – – – – –
6. Targeted Long Term Repo Operations 2.0 – – – – –
7. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -5,05,227.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 29/01/2021 14 Fri, 12/02/2021 2,00,007.00 3.54
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF          
4. Long-Term Repo Operations# Mon, 24/02/2020 365 Tue, 23/02/2021 15.00 5.15
  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
D. Standing Liquidity Facility (SLF) Availed from RBI$       29,770.06  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -93,139.94  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -5,98,366.94  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 09/02/2021 4,41,924.37  
     (ii) Average daily cash reserve requirement for the fortnight ending 12/02/2021 4,44,286.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 09/02/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 15/01/2021 8,08,585.00  
@ 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. 2014-2015/1971 dated March 19, 2015.
Rupambara
Director   
Press Release : 2020-2021/1075

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The result of the auction of State Development Loans for 9 State Governments held on February 09, 2021 is as follows:

Table
(₹ in crore)
  ASSAM 2031 ASSAM 2026 HARYANA 2041* MADHYA PRADESH 2037
Notified Amount 500 500 2000 3000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 10 5 20 Re-issue of 6.61% Madhya Pradesh SDL 2037 issued on January 20, 2021
Competitive Bids Received        
(i) No. 59 34 64 104
(ii) Amount 1475 2560 7080 8260
Cut-off Yield (%) 6.98 6.19 6.98 7.0079
Competitive Bids Accepted        
(i) No. 28 8 7 38
(ii) Amount 450 474.996 2447.999 2848.5
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 14.5455 13.6327 79.1996 65.4
(ii) No. (4 bids) (2 bids) (1 bid) (2 bids)
Non – Competitive Bids Received        
(i) No. 12 6 4 13
(ii) Amount 63.001 25.004 52.001 151.5
Non-Competitive Price 100.3 100.1 100.24 96.55
Non-Competitive Bids Accepted        
(i) No. 12 6 4 13
(ii) Amount 50 25.004 52.001 151.5
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage 79.3638 – – –
(ii) No. (11 bids) – – –
Weighted Average Yield (%) 6.9375 6.1673 6.9575 6.9713
Amount of Underwriting accepted from primary dealers NIL NIL NIL NIL
Devolvement on primary dealers NIL NIL NIL NIL
Total Allotment Amount 500 500 2500 3000

  MIZORAM 2033 PUNJAB 2031 RAJASTHAN 2031 RAJASTHAN 2026
Notified Amount 50 900 1000 500
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 12 10 10 5
Competitive Bids Received        
(i) No. 14 56 98 44
(ii) Amount 224 1754.5 2751 3220
Cut-off Yield (%) 7.04 7.05 6.95 6.09
Competitive Bids Accepted        
(i) No. 6 45 40 1
(ii) Amount 48.494 810 900 475.799
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 28.8165 63.7331 37.0526 95.1598
(ii) No. (3 bids) (5 bids) (6 bids) (1 bid)
Non – Competitive Bids Received        
(i) No. 3 14 19 8
(ii) Amount 1.506 104.697 168.603 24.201
Non-Competitive Price 100.21 100.31 100.21 100
Non-Competitive Bids Accepted        
(i) No. 3 14 19 8
(ii) Amount 1.506 90 100 24.201
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage – 85.9624 59.3109 –
(ii) No. – (13 bids) (19 bids) –
Weighted Average Yield (%) 7.0136 7.0061 6.9209 6.09
Amount of Underwriting accepted from primary dealers NIL NIL NIL NIL
Devolvement on primary dealers NIL NIL NIL NIL
Total Allotment Amount 50 900 1000 500

  RAJASTHAN 2041 RAJASTHAN 2051 TAMILNADU 2031 UTTAR PRADESH 2031
Notified Amount 750 750 2500 3000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 20 30 Re-issue of 6.53% Tamil Nadu SDL 2031 issued on January 06, 2021 10
Competitive Bids Received        
(i) No. 20 15 146 153
(ii) Amount 1978 1928 4495 6453
Cut-off Yield (%) 6.96 6.97 6.9485 6.94
Competitive Bids Accepted        
(i) No. 3 1 79 56
(ii) Amount 742.499 742.497 2294.51 2700
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 96.9996 98.9996 83.608 47.3934
(ii) No. (1 bid) (1 bid) (2 bids) (12 bids)
Non – Competitive Bids Received        
(i) No. 2 2 18 23
(ii) Amount 7.501 7.503 205.49 311.156
Non-Competitive Price 100.11 100 97.33 100.24
Non-Competitive Bids Accepted        
(i) No. 2 2 18 23
(ii) Amount 7.501 7.503 205.49 300
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage – – – 96.4147
(ii) No. – – – (23 bids)
Weighted Average Yield (%) 6.9499 6.97 6.9054 6.9059
Amount of Underwriting accepted from primary dealers NIL NIL NIL NIL
Devolvement on primary dealers NIL NIL NIL NIL
Total Allotment Amount 750 750 2500 3000

  WEST BENGAL 2036 Total
Notified Amount 1500 16950
Underwriting Notified Amount NIL  
Tenure 15  
Competitive Bids Received    
(i) No. 65 872
(ii) Amount 4459.4 46637.9
Cut-off Yield (%) 6.97  
Competitive Bids Accepted    
(i) No. 11 323
(ii) Amount 1420.999 16356.293
Partial Allotment Percentage of Competitive Bids    
(i) Percentage 59.291  
(ii) No. (2 bids)  
Non – Competitive Bids Received    
(i) No. 6 130
(ii) Amount 79.001 1201.164
Non-Competitive Price 100.2  
Non-Competitive Bids Accepted    
(i) No. 6 130
(ii) Amount 79.001 1093.707
Partial Allotment Percentage of Non-Competitive Bids    
(i) Percentage –  
(ii) No. –  
Weighted Average Yield (%) 6.9486  
Amount of Underwriting accepted from primary dealers NIL  
Devolvement on primary dealers NIL  
Total Allotment Amount 1500 17450
* Haryana has accepted an additional amount of ₹500 crore.

Rupambara
Director   

Press Release: 2020-2021/1074

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Sr. No. State Notified amount (₹ Cr) Amount Accepted (₹ Cr) Cut off Price / Yield (%) Tenure (Yrs)
1. Assam 500 500 6.19 5
500 500 6.98 10
2. Haryana * 2000 2500 6.98 20
3. Madhya Pradesh 3000 3000 96.21/7.0079 Re-issue of 6.61% Madhya Pradesh SDL 2037 issued on January 20, 2021
4. Mizoram 50 50 7.04 12
5. Punjab 900 900 7.05 10
6. Rajasthan 500 500 6.09 5
1000 1000 6.95 10
750 750 6.96 20
750 750 6.97 30
7. Tamil Nadu 2500 2500 97.03/6.9485 Re-issue of 6.53% Tamil Nadu SDL 2031 issued on January 06, 2021
8. Uttar Pradesh 3000 3000 6.94 10
9. West Bengal 1500 1500 6.97 15
  Total 16950 17450  
* Haryana has accepted an additional amount of ₹500 crore.

Rupambara
Director   

Press Release: 2020-2021/1073

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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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