Category: Press Releases

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

Next

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

Next

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹10,000 Crore ₹3,000 Crore ₹7,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 99.1404 (YTM: 3.4777%) 98.2350 (YTM: 3.6033%) 96.2681 (YTM: 3.8872%) IV. Total Face Value Accepted ₹10,000 Crore ₹3,000 Crore ₹7,000 Crore Ajit Prasad Director    Press Release: 2021-2022/991

(Amount in ₹ crore, Rate in Per cent)   Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 465,458.56 3.17 1.00-5.15      I. Call Money 5,850.64 3.20 1.95-3.40      II. Triparty Repo 358,048.15 3.14 2.89-3.24      III. Market Repo 101,514.77 3.24 1.00-3.35      IV. Repo in Corporate Bond 45.00 5.15 5.15-5.15 B. Term Segment            I. Notice Money** 1,264.07 3.16 2.40-3.40      II. Term Money@@ 24.00 – 3.20-3.30      III. Triparty Repo 10.00 3.19 3.19-3.19      IV. Market Repo 1,781.98 3.42 2.00-3.50      V. Repo in Corporate Bond 2,230.00 3.62 3.60-5.35

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, 05/10/2021 1 Wed, 06/10/2021 420,811.00 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 Tue, 05/10/2021 7 Tue, 12/10/2021 200,001.00 3.61 3. MSF Tue, 05/10/2021 1 Wed, 06/10/2021 235.00 4.25 4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£           5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -620,577.00   II. Outstanding Operations 1. Fixed Rate               (i) Repo               (ii) Reverse Repo               (iii) Special Reverse Repo~ Fri, 24/09/2021 14 Fri, 08/10/2021 6,999.00 3.75     (iv) Special Reverse Repoψ Fri, 24/09/2021 14 Fri, 08/10/2021 2,712.00 3.75 2. Variable Rate&             (I) Main Operation                (a) Reverse Repo Fri, 24/09/2021 14 Fri, 08/10/2021 344,515.00 3.60   (II) Fine Tuning Operations                (a) Repo                (b) Reverse Repo           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$       23,995.80   E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -244,588.20   F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -865,165.20   G. Cash Reserves Position of Scheduled Commercial Banks      (i) Cash balances with RBI as on 05/10/2021 613,263.16        (ii) Average daily cash reserve requirement for the fortnight ending 08/10/2021 630,489.00   H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 05/10/2021 0.00   I. Net durable liquidity [surplus (+)/deficit (-)] as on 10/09/2021 1,183,556.00   @ 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. ~ 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: 2021-2022/990

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

Next

The Reserve Bank of India (RBI) has, by an order dated October 04, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Pragati Co-operative Bank Ltd., Thara (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms /concerns in which they are interested’ and ‘Loans and advances to directors etc. – directors as surety/guarantors – Clarification’. 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, 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 statutory inspection of the bank conducted by the RBI with reference to the bank’s financial position as on March 31, 2019, the Inspection Report pertaining thereto and examination of all related correspondence revealed, inter alia, non-compliance with aforesaid directions issued by the 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 for non-compliance with the aforesaid directions issued by the RBI. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, the RBI came to the conclusion that the aforesaid charge was substantiated and warranted imposition of monetary penalty. (Yogesh Dayal)      Chief General Manager Press Release: 2021-2022/988

Sr. No. State/UT Notified Amount (₹ Cr) Amount Accepted (₹ Cr) Cut off Price (₹) /Yield (%) Tenure (Yrs) 1 Andhra Pradesh 1000 1000 7.04 13 1000 1000 7.09 18 2 Assam 600 600 6.91 10 3 Bihar 2000 2000 6.87 9 4 Chhattisgarh 1000 1000 6.59 7 5 Goa 100 100 6.89 10 6 Gujarat* 1000 1500 6.89 10 7 Jharkhand 1000 1000 7.00 12 8 Karnataka 1000 1000 6.88 10 1000 1000 6.93 11 9 Kerala 2000 2000 7.05 15 10 Meghalaya 100 100 99.37/6.9109 Re-issue of 6.82% Meghalaya SDL 2031 Issued on April 16, 2021 100 100 99.42/7.0740 Re-issue of 7.02% Meghalaya SDL 2041 Issued on September 08, 2021 11 Mizoram 104 104 7.06 13 12 Punjab** 750 750 99.43/6.9197 Re-issue of 6.84% Punjab SDL 2031 Issued on September 29, 2021 500 55.022 99.84/6.9997 Re-issue of 6.98% Punjab SDL 2033 Issued on September 29, 2021 13 Rajasthan 1000 1000 6.01 5 1000 1000 6.91 10 14 Tamil Nadu 1000 1000 6.90 10 15 Telangana 1500 1500 7.09 19 16 Uttar Pradesh 2500 2500 6.92 10 17 West Bengal 2500 2500 7.05 15   TOTAL 22754 22809.022     * Gujarat has accepted an additional amount of ₹ 500 crore ** Punjab has accepted ₹ 55.022 crore for the re-issue of 6.98% Punjab SDL 2033 Ajit Prasad Director    Press Release: 2021-2022/987

Tenor 7-day Notified Amount (in ₹ crore) 2,00,000 Total amount of offers received (in ₹ crore) 3,77,323 Amount accepted (in ₹ crore) 2,00,001 Cut off Rate (%) 3.61 Weighted Average Rate (%) 3.55 Partial Acceptance Percentage of offers received at cut off rate 14.79 Ajit Prasad Director    Press Release: 2021-2022/986

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

Next

The Reserve Bank of India, today, has superseded the board of directors of SIFL and SEFL and appointed Shri Rajneesh Sharma, ex-Chief General Manager, Bank of Baroda, as the Administrator. The Reserve Bank, in exercise of powers conferred under section 45-IE (5) (a) of the RBI Act 1934, has constituted a three-member Advisory Committee to assist the Administrator in discharge of his duties. The members of the Advisory Committee are as follows: 1. Shri R. Subramaniakumar, Former MD & CEO, Indian Overseas Bank 2. Shri T T Srinivasaraghavan, Former Managing Director, Sundaram Finance Limited 3. Shri Farokh N Subedar, Former Chief Operating Officer and Company Secretary, Tata Sons Limited It may also be mentioned that the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 provide for the concerned financial sector regulator appointing a Committee of Advisors to advise the Administrator in the operations of the financial service provider during the corporate insolvency resolution process. (Yogesh Dayal)      Chief General Manager Press Release: 2021-2022/984