Category: Press Releases

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

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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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 99.1889
(YTM: 3.2799%)		 98.3085
(YTM: 3.4507%) 		96.5538
(YTM: 3.5790%)
IV. Total Face Value Accepted ₹4,000 Crore ₹7,000 Crore ₹8,000 Crore

Ajit Prasad
Director  

Press Release: 2020-2021/932

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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) 408,569.75 3.15 1.00-5.30
     I. Call Money 9,000.97 3.19 1.90-3.50
     II. Triparty Repo 304,835.65 3.14 2.96-3.22
     III. Market Repo 93,533.13 3.18 1.00-3.35
     IV. Repo in Corporate Bond 1,200.00 3.39 3.30-5.30
B. Term Segment      
     I. Notice Money** 94.00 2.98 2.50-3.25
     II. Term Money@@ 436.00 – 3.15-3.40
     III. Triparty Repo 310.00 3.10 3.10-3.10
     IV. Market Repo 525.00 2.28 1.95-2.90
     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 Tue, 12/01/2021 1 Wed, 13/01/2021  6,59,817.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Tue, 12/01/2021 1 Wed, 13/01/2021 3.00 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 (-)]*		       -6,59,814.00  
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 (-)]*     110,689.17  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -5,49,124.83  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 12/01/2021  4,31,998.97  
     (ii) Average daily cash reserve requirement for the fortnight ending 15/01/2021 441,636.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 12/01/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 18/12/2020 815,721.00  
@ 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 : 2020-2021/931

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The Reserve Bank of India (RBI) has, by an order dated January 12, 2021, imposed a monetary penalty of ₹2 crore (Rupees Two Crore only) on Deutsche Bank AG (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the “Reserve Bank of India (Interest Rate on Deposits) Directions, 2016”. The 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) of the Banking Regulation Act, 1949.

This action is based on the 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 statutory inspection of the bank with reference to its financial position as on March 31, 2019 and the Risk Assessment Report pertaining thereto revealed, inter-alia, non-compliance with above-mentioned directions issued by RBI. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions. After considering the bank’s reply to the notice, oral submissions made in the personal hearing and examination of additional submissions, RBI concluded that the charge of non-compliance with aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/930

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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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The Reserve Bank of India has launched the 52nd round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period October-December 2020 (Q3:2020-21).

The Reserve Bank has been conducting the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008. The information collected in the survey includes quantitative data on new orders received during the reference quarter, backlog of orders at the beginning of the quarter, pending orders at the end of the quarter, total inventories with a breakup between work-in-progress (WiP) and finished goods (FG) inventories at the end of the quarter and item-wise production in terms of quantity and value during the quarter vis-à-vis the installed capacity from the targeted group. The level of capacity utilisation (CU) is estimated from these responses. The survey provides valuable input for monetary policy formulation.

The survey findings are released on the website of the bank regularly. The latest results pertaining to the quarter July-September 2020 will be released shortly.

During this quarter, selected manufacturing companies will be approached by the Bank. Other manufacturing companies may also participate in the survey by downloading the survey questionnaire from the Reserve Bank’s website https://www.rbi.org.in. The survey questionnaire is placed under the head ‘Forms’ (available under the ‘More Links’ at the bottom of the home page) and sub-head ‘Survey’. The duly authenticated filled-in survey schedule may be e-mailed as per contact details provided in the survey schedule.

Company level data are treated as confidential and never disclosed.

In case of any query/clarification, kindly contact us at the following address:

The Director, Division of Enterprise Surveys, Department of Statistics and Information Management, Reserve Bank of India, C-8, 2nd floor, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051, Phone – 022-26578235/279; Please click here to send email.

Ajit Prasad
Director   

Press Release: 2020-2021/928

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Sr. No. State Notified amount
(₹ Cr)		 Amount Accepted
(₹ Cr)		 Cut off Yield
(%)		 Tenure
(Yrs)
1 Andhra Pradesh 1,000 1,000 6.63 16
2 Assam* 500 0 NA 4
500 0 NA 10
3 Bihar 2,000 2,000 5.72 5
4 Chhattisgarh 1,000 1,000 5.97 6
5 Mizoram 90 90 6.64 11
6 Punjab 500 500 6.63 30
7 Rajasthan 1,000 1,000 6.61 10
8 Sikkim 204 204 6.64 10
9 Tamil Nadu 2,000 2,000 6.57 10
10 Uttar Pradesh 2,500 2,500 6.61 10
11 West Bengal 2,000 2,000 6.63 20
  Total 13,294 12,294    
* Assam has not accepted any amount in today’s auction.

Ajit Prasad
Director   

Press Release: 2020-2021/927

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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) 4,17,290.97 3.21 1.00-3.50
     I. Call Money 9,528.35 3.19 1.90-3.50
     II. Triparty Repo 3,29,217.05 3.20  3.04-3.36
     III. Market Repo 78,545.57 3.25 1.00-3.37
     IV. Repo in Corporate Bond 0.00   –
B. Term Segment      
     I. Notice Money** 735.37 3.16 2.50-3.40
     II. Term Money@@ 145.00 – 3.30-3.40
     III. Triparty Repo 225.00 3.14 3.10-3.18
     IV. Market Repo 150.00 2.50 2.50-2.50
     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 Mon, 11/01/2021 1 Tue, 12/01/2021 6,55,478.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Mon, 11/01/2021 1 Tue, 12/01/2021  0.00 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 (-)]*		       -6,55,478.00  
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 (-)]*      -5,44,788.83  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 11/01/2021 4,33,754.90  
     (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¥ 11/01/2021 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 : 2020-2021/926

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Government of India has been undertaking conversion or switch operations with market participants as well as with the Reserve Bank with the objective of smoothening the liability profile as well as for market development. As a part of these operations, Government has today done a conversion transaction with the Reserve Bank for an amount of ₹35,142.399 crore (Face Value). The transaction involved buying back securities maturing in FY 2023-24 from the Reserve Bank and issuing fresh securities for equivalent market value, to make the transaction cash neutral. The transactions were carried out using Financial Benchmarks India Pvt Ltd. (FBIL) prices as on January 8, 2021. The details are as below:

Security bought back by the Government from RBI Amount (Face Value)
(₹ in crore)		 FBIL Price of the security bought back by Govt
(₹)		 Security issued by the Government to RBI Amount (Face Value)
(₹ in crore)		 FBIL Price of the security issued by Govt
(₹)
6.30% GS 2023 290.000 104.55 6.57% GS 2033 294.221 103.05
7.37% GS 2023 4,205.000 106.88 6.57% GS 2033 4361.284 103.05
6.17% GS 2023 2,000.000 104.48 6.57% GS 2033 2027.753 103.05
8.83% GS 2023 14,357.779 111.94 6.57% GS 2033 15596.407 103.05
7.32% GS 2024 14,289.620 108.27 6.22% GS 2035 15516.369 99.71

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/925

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