Press Releases – Page 151

Reserve Bank of India – Press Releases

January 15, 2021 root Press Releases

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On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct purchase of Government securities under Open Market Operations (OMO) for an aggregate amount of ₹10,000 crores on January 21, 2021.

2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method:

Sr. No	ISIN	Security	Date of Maturity	Aggregate Amount
1	IN0020190396	6.18% GS 2024	04-Nov-2024	₹10,000 crores (There is no security-wise notified amount)
2	IN0020170026	6.79% GS 2027	15-May-2027
3	IN0020200153	5.77% GS 2030	03-Aug-2030

3. The Reserve Bank reserves the right to:

decide on the quantum of purchase of individual securities.
accept bids for less than the aggregate amount.
purchase marginally higher/lower than the aggregate amount due to rounding-off.
accept or reject any or all the bids either wholly or partially without assigning any reasons.

4. Eligible participants should submit their bids in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on January 21, 2021. Only in the event of system failure, physical bids would be accepted. Such physical bid 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 securities in their SGL account by 12 noon on January 22, 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: 2020-2021/954

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January 15, 2021 root 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

January 15, 2021 root Press Releases

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April 14, 2015

Dear All

Welcome to the refurbished site of the Reserve Bank of India.

The site can be accessed through most browsers and devices; it also meets accessibility standards.

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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January 15, 2021 root Press Releases

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		4.48% GS 2023	GoI FRB 2033	6.22% GS 2035	6.67% GS 2050
I.	Notified Amount	₹6000 cr	₹2000 cr	₹9000 cr	₹5000 cr
II.	Cut off Price / Implicit Yield at cut-off	100.10/4.4392	101.17/4.4597	98.76/6.3532	101.96/6.5197
III.	Amount accepted in the auction	₹6000 cr	₹2000 cr	₹9000 cr	₹5454.925 cr¹
IV.	Devolvement on Primary Dealers	Nil	Nil	Nil	Nil
¹Greenshoe amount of ₹454.925 crores has been accepted.

Ajit Prasad
Director

Press Release: 2020-2021/951

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January 15, 2021 root Press Releases

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April 14, 2015

Dear All

Welcome to the refurbished site of the Reserve Bank of India.

The site can be accessed through most browsers and devices; it also meets accessibility standards.

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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January 15, 2021 root Press Releases

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Reserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. These directions were modified from time to time, the validity of which was last extended upto January 17, 2021. These shall continue to apply to the bank for a further period of three months from January 18, 2021 to April 17, 2021, subject to review. The Directions stipulate certain restrictions and / or ceiling on withdrawal / acceptance of deposits. The detailed Directions are displayed on the bank’s premises for interested members of public to peruse. Reserve Bank of India may consider modifications of the Directions depending upon the circumstances. The issue of Directions should not per se be construed as cancellation of banking license by the Reserve Bank of India. The bank will continue to undertake banking business with restrictions till its financial position improves.

(Yogesh Dayal)
Chief General Manager

Press Release: 2020-2021/949

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January 15, 2021 root Press Releases

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April 14, 2015

Dear All

Welcome to the refurbished site of the Reserve Bank of India.

The site can be accessed through most browsers and devices; it also meets accessibility standards.

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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January 15, 2021 root 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)	4,34,414.40	2.96	0.01-5.30
I. Call Money	8,027.66	3.25	1.90-3.50
II. Triparty Repo	3,33,132.25	3.00	2.90-3.05
III. Market Repo	92,544.89	2.81	0.01-3.40
IV. Repo in Corporate Bond	709.60	3.51	3.15-5.30
B. Term Segment
I. Notice Money**	648.70	3.16	2.50-3.40
II. Term Money^@@	203.00	–	3.05-3.61
III. Triparty Repo	4.30	3.10	3.10-3.10
IV. Market Repo	1,305.00	3.14	2.50-3.30
V. Repo in Corporate Bond	0.00	–	–

	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	Thu, 14/01/2021	1	Fri, 15/01/2021	6,70,642.00	3.35
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo	–	–	–	–	–
3. MSF	Thu, 14/01/2021	1	Fri, 15/01/2021	1.00	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 (-)]*				-6,70,641.00
II. Outstanding Operations
1. Fixed Rate
(i) Repo
(ii) Reverse Repo
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo
(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^$				33,592.17
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*				1,10,689.17
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*				-5,59,951.83
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on		14/01/2021		4,33,353.62
(ii) Average daily cash reserve requirement for the fortnight ending		15/01/2021		4,41,636.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on^¥		14/01/2021		0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on		18/12/2020		8,15,721.00
^@ 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.
Ajit Prasad Director
Press Release : 2020-2021/947

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January 14, 2021 root Press Releases

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April 14, 2015

Dear All

Welcome to the refurbished site of the Reserve Bank of India.

The site can be accessed through most browsers and devices; it also meets accessibility standards.

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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(Amount in Crore of ₹)
		SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs)			ALL SCHEDULED BANKS
		03-Jan-20	18-DEC-2020 *	01-JAN-2021 *	03-Jan-20	18-DEC-2020 *	01-JAN-2021 *
I	LIABILITIES TO THE BKG.SYSTEM (A)
	a) Demand & Time deposits from bks.	196067.68	207328.84	205021.09	200881.77	212131.97	209772.47 **
	b) Borrowings from banks	54290.8	45708.67	42703.81	54316.62	45711.93	42759.27
	c) Other demand & time liabilities	11817.64	16724.39	16213.25	11944.74	16936.42	16546.42
II	LIABILITIES TO OTHERS (A)
	a) Deposits (other than from banks)	13210364.78	14478960.57	14726752.75	13613202.77	14894952.62	15148024.35
	i) Demand	1368500.41	1564598.27	1621564.43	1404359.28	1601079.33	1658904.96
	ii) Time	11841864.37	12914362.38	13105188.3	12208843.49	13293873.39	13489119.37
	b) Borrowings @	316341.14	251544.86	253835.72	320680.17	255637.42	257910.64
	c) Other demand & time liabilities	509106.49	614651.76	649988.87	521193.19	626154.18	661613.22
III	BORROWINGS FROM R.B.I. (B)	18165	77098	77140	18165	77098	77140
	Against usance bills and / or prom. Notes	0			0
IV	CASH	79520.94	84934.15	85590.72	81668.95	86958.38	87601.3
V	BALANCES WITH R.B.I. (B)	542465.33	488262.43	474192.63	558667.87	501180.52	487584.59
VI	ASSETS WITH BANKING SYSTEM
	a) Balances with other banks
	i) In current accounts	20476.35	15339.53	12548.54	22678.06	17395.16	14757.22
	ii) In other accounts	132829.81	135152.44	134853.09	156971	165987.88	168841.53
	b) Money at call & short notice	9274.93	9906.82	9159.17	28162.64	32795.05	32443.04
	c) Advances to banks (i.e. due from bks.)	26946.75	20966.64	20204.56	33295.66	21529.97	21296.21 £
	d) Other assets	33235	28639.42	27139.34	41032.69	32112.92	30496.42
VII	INVESTMENTS (At book value)	3779746.17	4413604.88	4480723.69	3894933.88	4546344.6	4613498.36
	a) Central & State Govt. securities+	3771212.66	4411845.44	4479744.73	3879485.52	4538069.13	4605762.98
	b) Other approved securities	8533.51	1759.41	978.94	15448.36	8275.44	7735.35
VIII	BANK CREDIT (Excluding Inter Bank Advance)	10036091.78	10547036.78	10704648.68	10368375.23	10884563.5	11044775.02
	a) Loans, cash credits & Overdrafts $	9820242.53	10375670.47	10528315.63	10149042.56	10711214.03	10866433.06
	b) Inland Bills purchased	24548.54	22579.78	23293.39	25219.66	22845	23566.18
	c) Inland Bills discounted	134272.25	101003.2	104264.16	136062.54	101918.26	105169.62
	d) Foreign Bills purchased	25455.33	17534.86	18583.33	25916.13	17814.77	18873.12
	e) Foreign Bills discounted	31573.12	30248.48	30192.14	32134.34	30771.44	30733

NOTE
*	Provisional figures incorporated in respect of such banks as have not been able to submit final figures.
(A)	Demand and Time Liabilities do not include borrowings of any Scheduled State Co-operative Bank from State Government and any reserve fund deposits maintained with such banks by any co-operative society within the areas of operation of such banks.
**	This excludes deposits of Co-operative Banks with Scheduled State Co-operative Banks. These are included under item II (a).
@	Other than from Reserve Bank, National Bank for Agriculture and Rural Development and Export Import Bank of India.
(B)	The figures relating to Scheduled Commercial Banks’ Borrowings in India from Reserve Bank and balances with Reserve Bank are those shown in the statement of affairs of the Reserve Bank. Borrowings against usance bills and/ or promissory notes are under Section 17(4)(c) of the Reserve Bank of India Act, 1934. Following a change in the accounting practise for LAF transactions with effect from July 11, 2014, as per the recommendations of Malegam Committee formed to review the Format of Balance Sheet and the Profit and Loss Account of the Bank, the transactions in case of Repo/ Term Repo/MSF are reflected under “Borrowings from RBI”.
£	This excludes advances granted by Scheduled State Co-operative Banks to Co-operative banks. These are included under item VIII (a).
+	Includes Treasury Bills, Treasury Deposits, Treasury Savings Certificates and postal obligations.
$	Includes advances granted by Scheduled Commercial Banks and State Co-operative Banks to Public Food Procurement Agencies (viz. Food Corporation of India, State Government and their agencies under the Food consortium).

Food Credit Outstanding as on
(₹ in Crore)
Date	03-Jan-20	18-Dec-20	01-Jan-21
Scheduled Commercial Banks	83502.17	93152.4	92544.7
State Co-operative Banks	27028.55	30401.19	30400.34

The expression ‘Banking System’ or ‘Banks’ means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act, 1934.

No. of Scheduled Commercial Banks as on Current Fortnight:132

Ajit Prasad
Director

Press Release : 2020-2021/945

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