Category: Press Releases

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 ₹10,000 crores each on January 14, 2021.

2. Accordingly, the details of securities for the simultaneous purchase and sale of government securities under Open Market Operations (OMOs) for ₹10,000 crores each on January 14, 2021 are as follows:

Purchase

The Reserve Bank will purchase the following securities using the multiple price auction method:

Sale

The Reserve Bank will simultaneously sell the following securities using the multiple price auction method:

3. The Reserve Bank reserves the right to:

• decide on the quantum of purchase/sale of individual securities.

• accept bids/offers for less than the aggregate amount.

• purchase/sell marginally higher/lower than the aggregate amount due to rounding-off.

• 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 January 14, 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 January 15, 2021.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/904

A. I. SUMMARY – OMO PURCHASE RESULTS

A. II. DETAILS OF OMO PURCHASE ISSUE

B. I. SUMMARY – OMO SALE RESULTS

B. II. DETAILS OF OMO SALE ISSUE

Ajit Prasad
Director   

Press Release: 2020-2021/903

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.

As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/902

The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration.

As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/901

A. OMO PURCHASE ISSUE

B. OMO SALE ISSUE

Detailed results will be issued shortly.

Ajit Prasad
Director   

Press Release: 2020-2021/900

Government of India has announced the sale (issue/re-issue) of Government Stock detailed below through auctions to be held on January 08, 2021.

As per 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 January 08, 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
Director   

Press Release: 2020-2021/899

As part of the measures to further strengthen Supervision over regulated entities, Reserve Bank had set up a College of Supervisors (CoS) to augment and reinforce supervisory skills among its regulatory and supervisory staff both at entry level and on a continuous basis. This was done to facilitate the development of unified and focused supervision by providing training and other developmental inputs to the concerned staff.

While the CoS was functioning in a limited way in virtual mode since May 2020, it is now being fully operationalised. The CoS will have a full-time Director supported by an Academic Advisory Council (AAC). The AAC will identify areas where skill building/up-skilling are required, plan and develop curricula of all programmes, benchmark the programmes with international standards/best practices, develop appropriate teaching methods, etc.

The AAC has now been constituted with the following composition:

Dr. Rabi Narayan Mishra, former Executive Director, RBI has been appointed as the Director of CoS.

The full-fledged operationalisation of the CoS will further contribute to effective oversight of the regulated entities by augmenting and ensuring a consistent quality of supervisory resources pool.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/897

Ajit Prasad
Director   

Press Release: 2020-2021/895