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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(Amount in ₹ crore, Rate in Per cent)
  Volume
(One Leg)		 Weighted
Average Rate 		Range
A. Overnight Segment (I+II+III+IV) 3,210.95 3.24 2.00-3.45
     I. Call Money 904.35 3.20 2.70-3.40
     II. Triparty Repo 2,306.60 3.26 2.00-3.45
     III. Market Repo 0.00   –
     IV. Repo in Corporate Bond 0.00   –
B. Term Segment      
     I. Notice Money** 7,117.92 3.30 1.95-3.50
     II. Term Money@@ 38.00 – 3.30-3.30
     III. Triparty Repo 3,32,762.50 3.23 3.08-3.36
     IV. Market Repo 1,02,728.11 3.09 0.01-3.50
     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 Thu, 14/10/2021 4 Mon, 18/10/2021 2,08,245.00 3.35
    (iii) Special Reverse Repo~          
    (iv) Special Reverse Repoψ          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF Thu, 14/10/2021 4 Mon, 18/10/2021 450.00 4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
5. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -2,07,795.00  
II. Outstanding Operations
1. Fixed Rate          
    (i) Repo          
    (ii) Reverse Repo          
    (iii) Special Reverse Repo~ Fri, 08/10/2021 14 Fri, 22/10/2021 6,402.00 3.75
    (iv) Special Reverse Repoψ Fri, 08/10/2021 14 Fri, 22/10/2021 2,894.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 08/10/2021 14 Fri, 22/10/2021 4,00,002.00 3.99
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo Tue, 12/10/2021 8 Wed, 20/10/2021 2,00,013.00 3.90
3. MSF          
4. Long-Term Repo Operations# 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
7. On Tap Targeted Long Term Repo Operations€ Mon, 22/03/2021 1095 Thu, 21/03/2024 5,000.00 4.00
  Mon, 14/06/2021 1096 Fri, 14/06/2024 320.00 4.00
  Mon, 30/08/2021 1095 Thu, 29/08/2024 50.00 4.00
  Mon, 13/09/2021 1095 Thu, 12/09/2024 200.00 4.00
  Mon, 27/09/2021 1095 Thu, 26/09/2024 600.00 4.00
  Mon, 04/10/2021 1095 Thu, 03/10/2024 350.00 4.00
8. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 17/05/2021 1095 Thu, 16/05/2024 400.00 4.00
Tue, 15/06/2021 1095 Fri, 14/06/2024 490.00 4.00
Thu, 15/07/2021 1093 Fri, 12/07/2024 750.00 4.00
Tue, 17/08/2021 1095 Fri, 16/08/2024 250.00 4.00
Wed, 15/09/2021 1094 Fri, 13/09/2024 150.00 4.00
D. Standing Liquidity Facility (SLF) Availed from RBI$       21,695.80  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -5,01,973.20  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -7,09,768.20  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 14/10/2021 6,72,719.50  
     (ii) Average daily cash reserve requirement for the fortnight ending 22/10/2021 6,30,289.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 14/10/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 24/09/2021 12,05,314.00  
@ 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. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
£ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
~ As per the Press Release No. 2021-2022/177 dated May 07, 2021.
ψ As per the Press Release No. 2021-2022/323 dated June 04, 2021.
Ajit Prasad
Director   
Press Release: 2021-2022/1052

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The Reserve Bank of India, in the public interest, had issued Directions to Mantha Urban Co-operative Bank Limited, Mantha, District: Jalna, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on November 17, 2020. The validity of the directions was extended from time-to-time, the last being up to October 16, 2021.

The Reserve Bank of India has now further extended the Directions for a period of two months from October 17, 2021 to December 16, 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 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: 2021-2022/1051

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1. Reserve Bank of India – Liabilities and Assets*
(₹ Crore)
Item 2020 2021 Variation
Oct. 9 Oct. 1 Oct. 8 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government – – – – –
4.2 State Governments 15478 14498 9800 -4698 -5678
* Data are provisional.

2. Foreign Exchange Reserves
Item As on October 8, 2021 Variation over
Week End-March 2021 Year
₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn.
1 2 3 4 5 6 7 8
1 Total Reserves 4794421 639516 70451 2039 575468 62532 760154 88011
1.1 Foreign Currency Assets 4325736 577001 61485 1550 401568 40308 604010 68218
1.2 Gold 285046 38022 6729 464 37323 4142 17331 1423
1.3 SDRs 144454 19268 1878 28 133591 17783 133629 17789
1.4 Reserve Position in the IMF 39185 5225 359 -3 2987 300 5184 581
*Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding as on Sep. 24, 2021 Variation over
Fortnight Financial year so far Year-on-year
2020-21 2021-22 2020 2021
1 2 3 4 5 6
2 Liabilities to Others            
2.1 Aggregate Deposits 15595037 20349 694911 481525 1355943 1332634
2.1a Growth (Per cent)   0.1 5.1 3.2 10.5 9.3
2.1.1 Demand 1822972 69390 -40943 -38221 167175 246911
2.1.2 Time 13772065 -49040 735854 519746 1188768 1085722
2.2 Borrowings 245898 2498 -53222 1873 -84812 -10319
2.3 Other Demand and Time Liabilities 591509 -25164 -52619 -65098 18646 40452
7 Bank Credit 10956792 44087 -99280 7283 502727 685211
7.1a Growth (Per cent)   0.4 –1.0 0.1 5.1 6.7
7a.1 Food Credit 62342 -7396 14663 1087 6342 -4085
7a.2 Non-food credit 10894450 51483 -113943 6196 496385 689296

6. Money Stock: Components and Sources
(₹ Crore)
Item Outstanding as on Variation over
2021 Fortnight Financial Year so far Year-on-Year
2020-21 2021-22 2020 2021
Mar. 31 Sep. 24 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 18844578 19392124 -8597 0.0 939801 5.6 547546 2.9 1925597 12.2 1652360 9.3
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2751828 2814931 -28334 -1.0 235494 10.0 63103 2.3 496045 23.7 229689 8.9
1.2 Demand Deposits with Banks 1995120 1957469 69218 3.7 -40782 -2.3 -37651 –1.9 171683 11.3 260559 15.4
1.3 Time Deposits with Banks 14050278 14572824 -49660 -0.3 740775 5.8 522545 3.7 1247028 10.2 1158034 8.6
1.4 ‘Other’ Deposits with Reserve Bank 47351 46900 178 0.4 4314 11.2 -451 –1.0 10841 33.9 4078 9.5
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 5850374 6075924 -179121 -2.9 557955 11.2 225550 3.9 681183 14.1 557606 10.1
2.1.1 Reserve Bank 1099686 1118511 -133314   -155762   18825   -100459   282081  
2.1.2 Other Banks 4750689 4957413 -45807 -0.9 713717 18.0 206724 4.4 781642 20.0 275525 5.9
2.2 Bank Credit to Commercial Sector 11668466 11665987 42396 0.4 -104738 -0.9 -2479 –0.0 554960 5.3 732081 6.7
2.2.1 Reserve Bank 8709 5796 -1204   1574   -2913   6637   -8944  
2.2.2 Other Banks 11659757 11660191 43600 0.4 -106312 -1.0 433 0.0 548323 5.3 741025 6.8

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabilisation Scheme OMO (Outright) Long Term Repo Opera tions& Targeted Long Term Repo Operations# Special Long- Term Repo Operations for Small Finance Banks Special Reverse Repo£ Net Injection (+)/ Absorption (-) (1+3+5+6+9+ 10+11+12-2- 4-7-8-13)
Repo Reverse Repo* Variable Rate Repo Variable Rate Reverse Repo Sale Purc hase
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Oct. 4, 2021 – 404319 – – 80 –1900 – – – – 350 – – -405789
Oct. 5, 2021 – 420811 – 200001 235 – – – – – – – – -620577
Oct. 6, 2021 – 363682 – – 306 – – – – – – – – -363376
Oct. 7, 2021 – 339048 – – 150 – – – 315 – – – – -338583
Oct. 8, 2021 – 253004 – 400002 1195 – – – – – – – 9296 -661107
Oct. 9, 2021 – 9307 – – 14 – – – – – – – – -9293
Oct. 10, 2021 – 5424 – – 14 – – – – – – – – -5410
* Includes additional Reverse Repo and additional MSF operations (for the period December 16, 2019 to February 13, 2020).
# Includes Targeted Long Term Repo Operations (TLTRO) and Targeted Long Term Repo Operations 2.0 (TLTRO 2.0) and On Tap Targeted Long Term Repo Operations. Negative (-) sign indicates repayments done by Banks.
& Negative (-) sign indicates repayments done by Banks.
£ As per Press Release No. 2021-2022/177 dated May 07, 2021. From June 18, 2021, the data also includes the amount absorbed as per the Press Release No. 2021-2022/323 dated June 04, 2021.

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

Ajit Prasad
Director   

Press Release: 2021-2022/1050

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The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018, had placed The City Co-operative Bank Ltd, Mumbai under Directions from the close of business on April 17, 2018. The validity of the directions was extended from time-to-time, the last being up to October 16, 2021.

2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till January 16, 2022 as per the directive DOR.MON.D-42/12.22.039/2021-22 dated October 14, 2021, subject to review.

3. All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated October 14, 2021 notifying the above extension is displayed at the bank’s premises for the perusal of public.

4. The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1049

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The Reserve Bank of India had issued Directions to Hindu Cooperative Bank Ltd., Pathankot, Punjab, under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-IV No.D-9/12.28.311/2018-19 dated March 13, 2019, as modified from time to time, which were last extended up to October 24, 2021. The Reserve Bank of India, on being satisfied that in the public interest it is necessary to do so, in exercise of the powers vested in it under sub-section (2) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby, withdraws with effect from close of business on October 14, 2021, the said Directions so issued to Hindu Cooperative Bank Limited, Pathankot, Punjab. A copy of the Directive is displayed in the bank’s premises for perusal by interested members of public.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1048

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The Reserve Bank of India (RBI) has imposed, by an order dated October 14, 2021, a monetary penalty of ₹1 lakh (Rupees One lakh only) on KNS Bank, The Kurla Nagarik Sahakari Bank Ltd., Mumbai (the bank) for contravention of Section 26-A read with section 56 of the Banking Regulation Act, 1949 (the Act), the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme) framed under section 26 A of the Act. This 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) and Section 56 of the Banking Regulation Act, 1949 (the Act), taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI.

This action is based on 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 inspection report of the bank based on its financial position as on March 31, 2020, revealed, inter alia, that the bank had not transferred balances, in certain accounts which were unclaimed for more than ten years to Depositor Education and Awareness Fund. Based on the same, a Notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with and contravention of the provisions of the Act and the directions issued under the Act, as stated therein.

After considering the bank’s written reply to the Notice and oral submissions made during the personal hearing and subsequent additional submissions, RBI came to the conclusion that the aforesaid charge of non-compliance with RBI directions was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1047

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Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

Sr. No Treasury Bill Notified Amount
(in ₹ crore)		 Auction Date Settlement Date
1 91 Days 10,000 October 20, 2021
(Wednesday)		 October 21, 2021
(Thursday)
2 182 Days 3,000
3 364 Days 7,000
  Total 20,000    

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, October 20, 2021, during the below given timings:

Category Timing
Competitive bids 10:30 am – 11:30 am
Non-Competitive bids 10:30 am – 11:00 am

Results will be announced on the day of the auction.

Payment by successful bidders to be made on Thursday, October 21, 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).

Ajit Prasad
Director   

Press Release: 2021-2022/1046

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Auction Results 6.10% GS 2031 GOI FRB 2034 6.76% GS 2061
I. Notified Amount ₹13000 Crore ₹4000 Crore ₹7000 Crore
II. Underwriting Notified Amount ₹13000 Crore ₹4000 Crore ₹7000 Crore
III. Competitive Bids Received      
(i) Number 242 94 193
(ii) Amount ₹31300 Crore ₹10882 Crore ₹24073 Crore
IV. Cut-off price / Yield 98.32 100.13 94.90
(YTM: 6.3322%) (YTM: 4.4366%) (YTM: 7.1481%)
V. Competitive Bids Accepted      
(i) Number 86 46 39
(ii) Amount ₹12997.488 Crore ₹3999.988 Crore ₹6992.267 Crore
VI. Partial Allotment Percentage of Competitive Bids 59.49% 34.99% 39.36%
(19 Bids) (1 Bid) (3 Bids)
VII. Weighted Average Price/Yield 98.32 100.13 94.92
(WAY: 6.3322%) (WAY: 4.4366%) (WAY: 7.1465%)
VIII. Non-Competitive Bids Received      
(i) Number 3 2 4
(ii) Amount ₹2.512 Crore ₹0.012 Crore ₹7.733 Crore
IX. Non-Competitive Bids Accepted      
(i) Number 3 2 4
(ii) Amount ₹2.512 Crore ₹0.012 Crore ₹7.733 Crore
(iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids)
X. Amount of Underwriting accepted from primary dealers ₹13000 Crore ₹4000 Crore ₹7000 Crore
XI. Devolvement on Primary Dealers 0 0 0

Ajit Prasad
Director   

Press Release: 2021-2022/1045

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    6.10% GS 2031 GOI FRB 2034 6.76% GS 2061
I. Notified Amount ₹13,000 cr ₹4,000 cr ₹7,000 cr
II. Cut off Price / Implicit Yield at cut-off 98.32/6.3322% 100.13/4.4366% 94.90/7.1481%
III. Amount accepted in the auction ₹13,000 cr ₹4,000 cr ₹7,000 cr
IV. Devolvement on Primary Dealers Nil Nil Nil

Ajit Prasad
Director   

Press Release: 2021-2022/1044

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