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

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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

Next

Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on September 17, 2021. As per the 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: (₹ crore) Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction 4.26% GS 2023 3,000 72 72 6.10% GS 2031 14,000 334 334 6.76% GS 2061 9,000 215 215 The underwriting auction will be conducted through multiple price-based method on, September 17, 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: 2021-2022/873

(Amount in ₹ crore, Rate in Per cent)   Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 3,82,192.48 3.23 1.95-3.50      I. Call Money 7,083.47 3.18 1.95-3.40      II. Triparty Repo 2,82,792.05 3.22 3.10-3.38      III. Market Repo 90,136.96 3.23 2.00-3.50      IV. Repo in Corporate Bond 2,180.00 3.40 3.40-3.40 B. Term Segment            I. Notice Money** 294.40 3.24 2.50-3.40      II. Term Money@@ 369.00 – 3.20-3.40      III. Triparty Repo 0.00 – –      IV. Market Repo 488.14 3.38 3.38-3.40      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 Wed, 15/09/2021 1 Thu, 16/09/2021 4,51,181.00 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 Wed, 15/09/2021 1 Thu, 16/09/2021 527.00 4.25 4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Wed, 15/09/2021 1094 Fri, 13/09/2024 150.00 4.00 5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -4,50,504.00   II. Outstanding Operations 1. Fixed Rate               (i) Repo               (ii) Reverse Repo               (iii) Special Reverse Repo~ Thu, 09/09/2021 15 Fri, 24/09/2021 6,937.00 3.75     (iv) Special Reverse Repoψ Thu, 09/09/2021 15 Fri, 24/09/2021 2,513.00 3.75 2. Variable Rate&             (I) Main Operation                (a) Reverse Repo Thu, 09/09/2021 15 Fri, 24/09/2021 3,50,015.00 3.41   (II) Fine Tuning Operations                (a) Repo                (b) Reverse Repo Tue, 14/09/2021 7 Tue, 21/09/2021 1,00,019.00 3.38 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 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 D. Standing Liquidity Facility (SLF) Availed from RBI$       26,695.80   E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -3,48,246.20   F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -7,98,750.20   G. Cash Reserves Position of Scheduled Commercial Banks      (i) Cash balances with RBI as on 15/09/2021 6,20,046.33        (ii) Average daily cash reserve requirement for the fortnight ending 24/09/2021 6,25,660.00   H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 15/09/2021 0.00   I. Net durable liquidity [surplus (+)/deficit (-)] as on 27/08/2021 11,40,445.00   @ 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: 2021-2022/871

The Reserve Bank of India (RBl) has imposed, by an order dated September 15, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Jila Sahakari Kendriya Bank Maryadit, Chhatarpur, Madhya Pradesh (the bank) for contravention of/ non-compliance with the directions issued by RBI on Know Your Customer (KYC). 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 inspection report of the bank based on its financial position as on March 31, 2019, revealed, inter alia, contravention of/ non-compliance with the directions issued by RBI on Know Your Customer (KYC). 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 the directions. After considering the bank’s reply, 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: 2021-2022/870

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

Today, the Reserve Bank released its annual publication titled “Handbook of Statistics on the Indian Economy, 2020-21” (HBS). This publication, the 23rd in the series, disseminates time series data on various economic and financial indicators relating to the Indian economy. The current volume contains 237 statistical tables covering national income aggregates, output, prices, money, banking, financial markets, public finances, foreign trade and balance of payments and select socio-economic indicators. Longer time-series are also available on the Reserve Bank’s Data Warehouse portal “Database on Indian Economy (DBIE)” (https://dbie.rbi.org.in), where all data series are updated periodically. Feedback/comments on the HBS are welcome and may be sent (i) through the feedback button available on DBIE portal (https://dbie.rbi.org.in); or (ii) to the email; or (iii) to the Director, Data Management and Dissemination Division, Department of Statistics and Information Management, Reserve Bank of India, C-9/3rd Floor, Bandra-Kurla Complex, Mumbai 400 051. Orders for the purchase of this publication may be placed with the Director, Division of Reports and Knowledge Dissemination (Sales Section), Department of Economic and Policy Research, Reserve Bank of India, Amar Building, Ground Floor, P. M. Road, Mumbai-400 001 on payment through demand draft or cheque drawn in favour of the Reserve Bank of India, payable at Mumbai only. The electronic form of its current and previous issues can also be freely downloaded from the Reserve Bank’s website (www.rbi.org.in). (Yogesh Dayal)      Chief General Manager Press Release: 2021-2022/868

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹9000 Crore ₹4000 Crore ₹4000 Crore II. Competitive Bids Received       (i) Number 82 91 85 (ii) Amount ₹30881.450 Crore ₹19065.050 Crore ₹11170.050 Crore III. Cut-off price / Yield 99.1829 98.3356 96.5529 (YTM: 3.3044%) (YTM: 3.3944%) (YTM: 3.5800%) IV. Competitive Bids Accepted       (i) Number 30 23 46 (ii) Amount ₹8992.190 Crore ₹3999.932 Crore ₹3999.604 Crore V. Partial Allotment Percentage of Competitive Bids 30.77% 38.29% 67.90% (2 Bids) (1 Bids) (3 Bids) VI. Weighted Average Price/Yield 99.1856 98.3391 96.5822 (WAY: 3.2934%) (WAY: 3.3872%) (WAY: 3.5485%) VII. Non-Competitive Bids Received       (i) Number 7 2 1 (ii) Amount ₹8457.810 Crore ₹500.068 Crore ₹0.396 Crore VIII. Non-Competitive Bids Accepted       (i) Number 7 2 1 (ii) Amount ₹8457.810 Crore ₹500.068 Crore ₹0.396 Crore (iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids) Ajit Prasad Director    Press Release: 2021-2022/867

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹9,000 Crore ₹4,000 Crore ₹4,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 99.1829 (YTM: 3.3044%) 98.3356 (YTM: 3.3944%) 96.5529 (YTM: 3.5800%) IV. Total Face Value Accepted ₹9,000 Crore ₹4,000 Crore ₹4,000 Crore Ajit Prasad Director    Press Release: 2021-2022/865