Category: Press Releases

Reserve Bank of India – Press Releases

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The Reserve Bank had announced the theme for the Third Cohort under the Regulatory Sandbox (RS) as ‘MSME Lending’ vide Press Release dated December 16, 2020. It now announces opening of application window for the Third Cohort to eligible entities.

2. The application for the Third Cohort may be submitted from October 01, 2021 to November 14, 2021. A scanned copy of the application, together with enclosures (maximum size 10 MB), may be forwarded through email.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/854

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In the First Cohort under the Regulatory Sandbox with ‘Retail Payments’ as its theme, six entities commenced testing of their products which was communicated vide Press Release dated November 17 and December 24, 2020.

2. The following six entities have completed the ‘Test Phase’.

Sl. No. Name of the Sandbox Entity Description of the product
(i) Nucleus Software Exports Ltd. (PaySe) PaySe is an offline digital cash product which proposes to help in digitisation of payments in rural areas, starting with Self Help Groups (SHG), through an offline payment solution and a digitised SHG-centered ecosystem. It uses NFC or Bluetooth Low energy protocol for secure wireless offline payment mode where no other connectivity is required at the time of the customer transaction at merchant location.
(ii) Tap Smart Data Information Services Private Limited (Citycash). ‘Citycash’, a set of NFC based Prepaid card and NFC enabled Point of Sale (PoS) device to facilitate offline Person-to-Merchant (P2M) transactions. The card can be used as travel pass and wallet to pay in offline mode for purchase of bus tickets as well as payment at select merchants.
(iii) Natural Support Consultancy Services Pvt. Ltd. (IND-e-Cash) The product ‘IND-e-Cash’ (earlier named ‘eRupaya’), is a set of Near-Field Communication (NFC) based Prepaid card and NFC enabled Point of Sale (PoS) device, to facilitate offline P2M transactions and offline digital payments in remote locations.
(iv) Naffa Innovations Pvt. Ltd. (ToneTag) The product is an offline, feature phone-based payment solution for P2M transactions over ‘sound medium’ by establishing a secure channel for data transfer over Interactive Voice Response (IVR) between devices. The product enables contactless payment even without internet.
(v) Ubona Technologies Pvt. Ltd. (BHIM Voice) The voice-based UPI payment solution facilitates offline Person-to Person (P2P) and P2M transactions using mobile phones including feature phones. The product also offers convenience of preferred Indian language to the customer through IVR, making adoption of digital transactions user friendly.
(vi) Eroute Technologies Pvt. Ltd. The product is UPI based offline payment solution using SIM overlay smartcard placed on the SIM to drive SIM Tool Kit (STK) menu-based user interface to facilitate P2P/P2M transactions. This product offers payment solution to non-internet connected feature phone users.

3. The products were evaluated based on mutually agreed test scenarios and expected outcomes. All the products have been found viable within the boundary conditions defined during testing under Regulatory Sandbox.

4. The aforesaid entities have now exited the First Cohort of the Regulatory Sandbox on ‘Retail Payments’. The products found acceptable under this Cohort may be considered for adoption by Regulated Entities subject to compliance with applicable regulatory requirements.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/852

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Reserve Bank of India – Press Releases

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The Reserve Bank had announced opening of the Second Cohort under Regulatory Sandbox vide Press release dated December 16, 2020 for Cross Border Payments.

The Reserve Bank received 27 applications from 26 entities of which eight entities have been selected for the ‘Test Phase’. The entities, as per details below, shall commence testing of their products from the third week of September 2021.

Sr. No. Sandbox Entity Description
1 Book My Forex Private Limited The product facilitates fully online outward cross-border remittances to bank accounts and debit/ prepaid cards overseas using VISA Direct and Master Card Send via digitisation of the process including digital KYC/ AML verification.
2 Cashfree Payments India Private Limited The product extends a cross-border payment platform to facilitates the purchase of assets listed on foreign exchanges (e.g NASDAQ) like publicly listed shares, exchange-traded funds i.e. ETFs and units of mutual funds, securities by Indian investors via local payment methods.
3 Fairex Solutions Private Limited The product provides an aggregation platform of leading cross-border payment providers for outward remittance.
4 Flyremit Private Limited The product is an online outward cross-border remittance platform for individuals as well as for businesses and facilitates digitization of the remittance process including digital KYC verification.
5 Nearby Technologies Private Limited The product ‘Paynearby’ facilitates routing the inward cross-border remittance to the beneficiary’s Aadhaar number as a virtual bank account using existing RDA mechanism.
6 Open Financial Technologies Private Limited The product proposes a Blockchain-based Cross border payment system, leveraging the current infrastructure and ensures frictionless and tamperproof monitoring capabilities.
7 SoCash India Private Limited The product is primarily aimed at inbound and outbound tourists to/from India to facilitate cross-border retail merchant payments and cash withdrawal at select merchant outlets in India and Singapore.
8 Wall Street Finance Limited The product ‘WSFx SecuSmart REMIT’ facilitates contactless outward cross-border remittances with digital customer onboarding and remittance processing through a complete digital process.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/853

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The Reserve Bank has been receiving complaints/reports about customers falling prey to frauds being perpetrated in the name of KYC updation. The usual modus operandi in such cases include receipt of unsolicited communication, such as, calls, SMSs, emails, etc., by customer urging him/her to share certain personal details, account / login details/ card information, PIN, OTP, etc. or install some unauthorised/ unverified application for KYC updation using a link provided in the communication. Such communications are also reported to carry threats of account freeze/ block/closure. Once customer shares information over call/message/unauthorised application, fraudsters get access to customer’s account and defraud him/her.

Members of public are hereby cautioned not to share account login details, personal information, copies of KYC documents, card information, PIN, password, OTP, etc. with unidentified persons or agencies. Further, such details should not be shared through unverified/unauthorised websites or applications. In case they receive any such requests, customers are requested to get in touch with their bank/branch.

It is also clarified that while the Regulated Entities (REs) are required to undertake periodic updation of KYC, the process of periodic updation of KYC has been simplified to a large extent vide circular dated May 10, 2021. Further, vide circular dated May 5, 2021, REs have been advised that in respect of customer accounts where periodic updation of KYC is due and pending as on date, no restrictions on operations of such account shall be imposed till December 31, 2021, for this reason alone, unless warranted under instructions of any regulator/ enforcement agency/court of law, etc.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/851

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The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction on September 14, 2021, Tuesday, as under:

Sl. No. Notified Amount
(₹ crore)		 Tenor
(day)		 Window Timing Date of Reversal
1 1,00,000 07 10:30 AM to 11:00 AM September 21, 2021
(Tuesday)

2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/850

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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) 0.00 – –
     I. Call Money 0.00 – –
     II. Triparty Repo 0.00 – –
     III. Market Repo 0.00 – –
     IV. Repo in Corporate Bond 0.00 – –
B. Term Segment      
     I. Notice Money** 0.00 – –
     II. Term Money@@ 0.00 – –
     III. Triparty Repo 0.00 – –
     IV. Market Repo 0.00 – –
     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 Sun, 12/09/2021 1 Mon, 13/09/2021 2,513.00 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 Sun, 12/09/2021 1 Mon, 13/09/2021 3.00 4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
5. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -2,510.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
    (ii) Reverse Repo Sat, 11/09/2021 2 Mon, 13/09/2021 12,062.00 3.35
  Fri, 10/09/2021 3 Mon, 13/09/2021 67,472.00 3.35
  Thu, 09/09/2021 4 Mon, 13/09/2021 4,81,121.00 3.35
    (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, 07/09/2021 7 Tue, 14/09/2021 50,008.00 3.38
3. MSF Sat, 11/09/2021 2 Mon, 13/09/2021 279.00 4.25
  Fri, 10/09/2021 3 Mon, 13/09/2021 527.00 4.25
  Thu, 09/09/2021 4 Mon, 13/09/2021 13.00 4.25
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
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 (-)]*     -8,58,271.20  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -8,60,781.20  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 12/09/2021 6,21,643.80  
  11/09/2021 6,23,960.41  
  10/09/2021 6,31,651.59  
     (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¥ 09/09/2021 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: 2021-2022/849

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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) 402,946.13 3.17 1.95-3.40
     I. Call Money 6,730.96 3.14 1.95-3.40
     II. Triparty Repo 307,066.50 3.18 3.01-3.27
     III. Market Repo 88,648.67 3.15 2.01-3.35
     IV. Repo in Corporate Bond 500.00 3.35 3.35-3.35
B. Term Segment      
     I. Notice Money** 73.25 3.19 2.75-3.40
     II. Term Money@@ 305.00 – 3.05-3.55
     III. Triparty Repo 100.00 3.20 3.20-3.20
     IV. Market Repo 474.78 3.39 3.38-3.40
     V. Repo in Corporate Bond 156.70 4.17 3.50-5.35
  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 Thu, 09/09/2021 4 Mon, 13/09/2021 481,121.00 3.35
    (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 350,015.00 3.41
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF Thu, 09/09/2021 4 Mon, 13/09/2021 13.00 4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
5. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -840,573.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
    (ii) Reverse Repo          
    (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, 07/09/2021 7 Tue, 14/09/2021 50,008.00 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
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 (-)]*     61,029.80  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -779,543.20  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 09/09/2021 695,067.23  
     (ii) Average daily cash reserve requirement for the fortnight ending 10/09/2021 628,268.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 09/09/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 27/08/2021 1,140,445.00  
@ 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: 2021-2022/848

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The Reserve Bank of India (RBI) has extended the Directions issued to the People’s Co-operative Bank Limited, Kanpur (Uttar Pradesh) for a further period of three months from September 11, 2021 to December 10, 2021, subject to review. The bank has been under directions since June 10, 2020 vide directive DoS.CO.UCBs-North/D-1/12.28.059/2019-20 dated June 09, 2020 issued under Section 35 A of the Banking Regulation Act, 1949 (AACS).

The validity of the directive, which was last extended up to September 10, 2021 has further been extended for a period of three months from September 11, 2021 to December 10, 2021 vide directive DOR.MON.D-35/12.28.059/2021-22 dated September 08, 2021 subject to review. A copy of the directive dated September 08, 2021 is displayed at the bank’s premises for the perusal of public.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/847

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1. Reserve Bank of India – Liabilities and Assets*
(₹ Crore)
Item 2020 2021 Variation
Sep. 4 Aug. 27 Sep. 3 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government – – – – –
4.2 State Governments 18834 3080 10550 7469 -8285
* Data are provisional.

2. Foreign Exchange Reserves
Item As on September 3, 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 4690783 642453 21357 8895 471830 65469 726585 100440
1.1 Foreign Currency Assets 4233398 579813 20814 8213 309230 43119 588542 81451
1.2 Gold 278053 38083 2121 642 30330 4202 3635 561
1.3 SDRs 141913 19437 -1115 29 131049 17951 131072 17954
1.4 Reserve Position in the IMF 37420 5121 -463 11 1222 197 3336 474
*Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding as on Aug. 27, 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 15517046 -55253 609301 403534 1396596 1340253
2.1a Growth (Per cent)   –0.4 4.5 2.7 10.9 9.5
2.1.1 Demand 1790971 -5777 -79289 -70222 172080 253257
2.1.2 Time 13726075 -49476 688590 473756 1224516 1086996
2.2 Borrowings 238081 -1609 -36770 -5944 -71517 -34588
2.3 Other Demand and Time Liabilities 556523 -7941 -36299 -100085 35785 -10854
7 Bank Credit 10897463 8629 -154703 -52046 536005 681305
7.1a Growth (Per cent)   0.1 –1.5 –0.5 5.5 6.7
7a.1 Food Credit 68801 -3212 14177 7547 3550 2860
7a.2 Non-food credit 10828662 11841 -168880 -59592 532455 678446

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 Aug. 27 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 18844578 19328505 -77617 -0.4 848008 5.0 483927 2.6 1970881 12.6 1680533 9.5
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2751828 2830920 -23653 -0.8 233363 9.9 79092 2.9 500477 24.0 247809 9.6
1.2 Demand Deposits with Banks 1995120 1926054 -6090 -0.3 -78486 -4.5 -69066 –3.5 178527 12.1 266847 16.1
1.3 Time Deposits with Banks 14050278 14525375 -48131 -0.3 691675 5.5 475097 3.4 1282896 10.6 1159684 8.7
1.4 ‘Other’ Deposits with Reserve Bank 47351 46156 257 0.6 1456 3.8 -1195 –2.5 8982 29.0 6192 15.5
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 5850374 6075960 -17417 -0.3 653377 13.2 225586 3.9 893089 18.9 462221 8.2
2.1.1 Reserve Bank 1099686 1191232 2805   22954   91547   80224   176086  
2.1.2 Other Banks 4750689 4884728 -20222 -0.4 630423 15.9 134039 2.8 812865 21.5 286135 6.2
2.2 Bank Credit to Commercial Sector 11668466 11608342 7985 0.1 -162407 -1.5 -60124 –0.5 587078 5.7 732105 6.7
2.2.1 Reserve Bank 8709 8616 -82   -1601   -93   3968   -2949  
2.2.2 Other Banks 11659757 11599726 8067 0.1 -160806 -1.5 -60031 –0.5 583110 5.7 735054 6.8

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabi lisation Scheme OMO (Outright) Long Term Repo Ope rations& Targeted Long Term Repo Ope rations# 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 Purchase
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Aug. 30, 2021 – 558539 – – 0 5000 – – – – 50 – – -553489
Aug. 31, 2021 – 638443 – – 325 – – – – – – – – -638118
Sep. 1, 2021 – 662871 – – 0 – – – – – – – – -662871
Sep. 2, 2021 – 714231 – – 19 – – – – – – – – -714212
Sep. 3, 2021 – 683539 – – 0 – – – – – – – – -683539
Sep. 4, 2021 – 38160 – – 1276 – – – – – – – – -36884
Sep. 5, 2021 – 5665 – – 51 – – – – – – – – -5614
* 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: 2021-2022/846

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Reserve Bank of India – Press Releases

Press Releases

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The following State Governments have offered to sell securities by way of auction, for an aggregate amount of ₹13,847 Cr. (Face Value).

Sr. No. State/UT Amount to be raised
(₹ Cr)		 Additional Borrowing (Greenshoe) Option
(₹ Cr)		 Tenure
(Yrs)		 Type of Auction
1 Andhra Pradesh 1000 – 15 Yield
2 Assam 600 – 10 Yield
3 Chhattisgarh 1000 – 7 Yield
4 Goa 100 – 10 Yield
5 Jharkhand 500 – 10 Yield
6 Madhya Pradesh 2000 – 10 Yield
7 Maharashtra 2000 – 12 Yield
2000 – 13 Yield
8 Manipur 147 – 10 Yield
9 Punjab 1000 – Re-issue of 6.89% Punjab SDL 2031 Issued on September 08, 2021. Price
10 Uttar Pradesh 2500 – 10 Yield
11 West Bengal 1000 – 15 Yield
  TOTAL 13847      

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 14, 2021 (Tuesday). The Government Stock up to 10% of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions subject to a maximum limit of 1% of its notified amount for a single bid per stock as per the Scheme for Non-competitive Bidding Facility.

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 14, 2021 (Tuesday). The non-competitive bids should be submitted between 10.30 A.M. and 11.00 A.M. and the competitive bids should be submitted between 10.30 A.M. and 11.30 A.M.

In case of technical difficulties, Core Banking Operations Team (email; Phone no: 022-27595666, 022-27595415, 022-27523516) may be contacted.

For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

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.

The yield percent per annum expected by the bidder should be expressed up to two decimal points. An investor can submit more than one competitive bid at same/different rates of yield or prices in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. However, the aggregate amount of bids submitted by a bidder should not exceed the notified amount for each State.

The Reserve Bank of India will determine the maximum yield /minimum price at which bids will be accepted. Securities will be issued for a minimum nominal amount of ₹10,000.00 and multiples of ₹10,000.00 thereafter.

The results of the auction will be announced on September 14, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on September 15, 2021 (Wednesday). at Mumbai and at respective Regional Offices of RBI.

The State Government Stocks will bear interest at the rates determined by RBI at the auctions. For the new securities, interest will be paid half yearly on March 15 and September 15 of each year till maturity. The Stocks will be governed by the provisions of the Government Securities Act, 2006 and Government Securities Regulations, 2007.

The investment in State Government Stocks will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. The stocks will qualify for the ready forward facility.

Ajit Prasad
Director   

Press Release: 2021-2022/845

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