Category: Press Releases

(Amount in ₹ crore, Rate in Per cent)   Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,19,580.24 3.79 0.02-5.75      I. Call Money 13,122.49 3.55 2.00-4.00      II. Triparty Repo 3,79,810.45 3.82 3.30-4.00      III. Market Repo 1,23,837.30 3.71 0.02-4.10      IV. Repo in Corporate Bond 2,810.00 4.17 4.10-5.75 B. Term Segment            I. Notice Money** 1,242.05 3.33 2.75-3.50      II. Term Money@@ 129.50 – 3.10-4.25      III. Triparty Repo 0.00 – –      IV. Market Repo 0.00 – –      V. Repo in Corporate Bond 374.60 5.47 5.10-5.50

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 Mon, 22/11/2021 1 Tue, 23/11/2021 1,13,246.00 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 Mon, 22/11/2021 1 Tue, 23/11/2021 40.00 4.25 4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00 5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,13,106.00   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 Thu, 18/11/2021 15 Fri, 03/12/2021 4,45,742.00 3.99   (II) Fine Tuning Operations                (a) Repo                (b) Reverse Repo Tue, 16/11/2021 7 Tue, 23/11/2021 2,00,010.00 3.94   Tue, 02/11/2021 28 Tue, 30/11/2021 50,007.00 3.97 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   Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 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 Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00 D. Standing Liquidity Facility (SLF) Availed from RBI$       20,001.80   E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -5,89,760.2   F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -7,02,866.2   G. Cash Reserves Position of Scheduled Commercial Banks      (i) Cash balances with RBI as on 22/11/2021 6,37,449.41        (ii) Average daily cash reserve requirement for the fortnight ending 03/12/2021 6,50,308.00   H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 22/11/2021 0.00   I. Net durable liquidity [surplus (+)/deficit (-)] as on 05/11/2021 11,23,716.00   @ 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 (Communications) Press Release: 2021-2022/1234

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 will conduct a Variable Rate Reverse Repo auction on November 23, 2021, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,00,000 7 10:30 AM to 11:00 AM November 30, 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. Ajit Prasad            Director (Communications) Press Release: 2021-2022/1232

The Reserve Bank of India has today placed in public domain a draft scheme of amalgamation of The Punjab and Maharashtra Cooperative (PMC) Bank with Unity Small Finance Bank Ltd. (USFB), a banking company incorporated in India under Companies Act, 2013, and having its Registered Office in New Delhi. USFB has commenced operations with effect from November 1, 2021.

PMC Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank, was placed under All-Inclusive Directions under Sub-section (1) of Section 35-A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-I/D-1/12.22.183/2019-20 dated September 23, 2019 on account of fraud which led to steep deterioration in the net-worth of the bank. The directions were last extended vide Directive dated June 25, 2021 up to December 31, 2021. Given the financial condition of the PMC Bank and in the absence of proposals for capital infusion, the bank was not viable on its own. In that event, the only course of action could have been cancellation of its licence and taking it for liquidation, wherein, depositors would have received payment up to the insurance ceiling of ₹5 lakh.

The draft scheme of amalgamation published today, envisages takeover of the assets and liabilities of PMC Bank including deposits, by the USFB in terms of the provisions of the scheme giving a greater degree of protection for the depositors. It may be seen that USFB is being set up with capital of about ₹1,100 crore as against regulatory requirement of ₹200 crore for setting up of a Small Finance bank under the Guidelines for on-tap licensing of Small Finance bank in Private Sector dated December 5, 2019, with provision for further infusion of capital at a future date after amalgamation.

The Reserve Bank invites suggestions and objections, if any, from members, depositors and other creditors of transferor bank (PMC) and transferee bank (USFB), on the draft scheme, which may be sent to the address mentioned in the “Notice”. The draft scheme has also been sent to transferor bank and transferee bank for their suggestions and objections. The suggestions and objections will be received by Reserve Bank up to 5.00 PM on December 10, 2021. The Reserve Bank will take a final view thereafter.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1231

The Banking Regulation Act, 1949 (BR Act, 1949) was amended by the Banking Regulation (Amendment) Act, 2020 (Act 39 of 2020) which came into force on September 29, 2020. Accordingly, co-operative societies cannot use the words “bank”, “banker” or “banking” as part of their names, except as permitted under the provisions of BR Act, 1949 or by the Reserve Bank of India (RBI). It has come to the notice of RBI that some Co-operative Societies are using the word “Bank” in their names in violation of Section 7 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (the BR Act, 1949). It has also come to the notice of RBI that some Co-operative societies are accepting deposits from non-members/ nominal members/ associate members which tantamount to conducting banking business in violation of the provisions of the BR Act, 1949. Members of the public are hereby informed that such societies have neither been issued any licence under BR Act, 1949 nor are they authorized by the RBI for doing banking business. The insurance cover from Deposit Insurance and Credit Guarantee Corporation (DICGC) is also not available for deposits placed with these societies. Members of public are advised to exercise caution and carry out due diligence of such Co-operative societies if they claim to be a bank, and look for banking license issued by RBI before dealing with them. (Yogesh Dayal)       Chief General Manager Press Release: 2021-2022/1230

(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, 21/11/2021 1 Mon, 22/11/2021 1,898.00 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, 21/11/2021 1 Mon, 22/11/2021 25.00 4.25 4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£           5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,873.00   II. Outstanding Operations 1. Fixed Rate               (i) Repo               (ii) Reverse Repo Sat, 20/11/2021 2 Mon, 22/11/2021 15,620.00 3.35   Fri, 19/11/2021 3 Mon, 22/11/2021 46,619.00 3.35   Thu, 18/11/2021 4 Mon, 22/11/2021 97,803.00 3.35     (iii) Special Reverse Repo~               (iv) Special Reverse Repoψ           2. Variable Rate&             (I) Main Operation                (a) Reverse Repo Thu, 18/11/2021 15 Fri, 03/12/2021 445,742.00 3.99   (II) Fine Tuning Operations                (a) Repo                (b) Reverse Repo Tue, 16/11/2021 7 Tue, 23/11/2021 200,010.00 3.94   Tue, 02/11/2021 28 Tue, 30/11/2021 50,007.00 3.97 3. MSF Sat, 20/11/2021 2 Mon, 22/11/2021 68.00 4.25   Fri, 19/11/2021 3 Mon, 22/11/2021 7,201.00 4.25   Thu, 18/11/2021 4 Mon, 22/11/2021 1,215.00 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   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   Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 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 Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00 D. Standing Liquidity Facility (SLF) Availed from RBI$       24,195.80   E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -737,124.2   F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -738,997.2   G. Cash Reserves Position of Scheduled Commercial Banks      (i) Cash balances with RBI as on 21/11/2021 648,849.24        (ii) Average daily cash reserve requirement for the fortnight ending 03/12/2021 650,308.00   H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 18/11/2021 0.00   I. Net durable liquidity [surplus (+)/deficit (-)] as on 05/11/2021 1,123,716.00   @ 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 (Communications) Press Release: 2021-2022/1229

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

(Amount in ₹ crore, Rate in Per cent)   Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 3,235.85 3.47 2.70-5.75      I. Call Money 1,063.85 3.17 2.70-3.50      II. Triparty Repo 2,102.00 3.55 3.00-4.00      III. Market Repo 0.00   –      IV. Repo in Corporate Bond 70.00 5.64 5.35-5.75 B. Term Segment            I. Notice Money** 8,872.08 3.44 2.00-4.70      II. Term Money@@ 70.00 – 3.10-4.15      III. Triparty Repo 3,91,280.85 3.67 3.30-4.30      IV. Market Repo 1,09,442.06 3.48 0.01-4.30      V. Repo in Corporate Bond 661.30 4.01 3.58-5.35

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, 18/11/2021 4 Mon, 22/11/2021 97,803.00 3.35     (iii) Special Reverse Repo~               (iv) Special Reverse Repoψ           2. Variable Rate&             (I) Main Operation                (a) Reverse Repo Thu, 18/11/2021 15 Fri, 03/12/2021 4,45,742.00 3.99   (II) Fine Tuning Operations                (a) Repo                (b) Reverse Repo           3. MSF Thu, 18/11/2021 4 Mon, 22/11/2021 1,215.00 4.25 4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£           5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -5,42,330.00   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, 16/11/2021 7 Tue, 23/11/2021 2,00,010.00 3.94   Tue, 02/11/2021 28 Tue, 30/11/2021 50,007.00 3.97 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   Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 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 Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00 D. Standing Liquidity Facility (SLF) Availed from RBI$       24,195.80   E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -1,39,824.2   F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -6,82,154.2   G. Cash Reserves Position of Scheduled Commercial Banks      (i) Cash balances with RBI as on 18/11/2021 7,47,220.41        (ii) Average daily cash reserve requirement for the fortnight ending 19/11/2021 6,34,320.00   H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 18/11/2021 0.00   I. Net durable liquidity [surplus (+)/deficit (-)] as on 05/11/2021 11,23,716.00   @ 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 (Communications) Press Release: 2021-2022/1227

1. Reserve Bank of India – Liabilities and Assets* (₹ Crore) Item 2020 2021 Variation Nov. 13 Nov. 5 Nov. 12 Week Year 1 2 3 4 5 4 Loans and Advances           4.1 Central Government 0 0 0 0 0 4.2 State Governments 21447 7635 10350 2716 -11096 * Data are provisional. 2. Foreign Exchange Reserves Item As on November 12, 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 4765159 640112 -6885 -763 546206 63128 491008 67340 1.1 Foreign Currency Assets 4284065 575487 -16637 -2094 359897 38794 327104 45219 1.2 Gold 299551 40239 10804 1461 51828 6359 28271 3885 1.3 SDRs 142812 19184 -801 -103 131948 17698 131708 17696 1.4 Reserve Position in the IMF 38732 5201 -252 -27 2534 276 3925 540 *Difference, if any, is due to rounding off 4. Scheduled Commercial Banks – Business in India (₹ Crore) Item Outstanding as on Nov. 5, 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 16048797 335776 835820 935285 1405333 1645485 2.1a Growth (Per cent)   2.1 6.2 6.2 10.8 11.4 2.1.1 Demand 1973114 145773 -121981 111921 169658 478092 2.1.2 Time 14075683 190003 957801 823364 1235675 1167393 2.2 Borrowings 261010 3977 -51165 16985 -70557 2736 2.3 Other Demand and Time Liabilities 633348 62844 2979 -23259 104952 26693 7 Bank Credit 11163570 118951 48410 214061 572896 744299 7.1a Growth (Per cent)   1.1 0.5 2.0 5.8 7.1 7a.1 Food Credit 76866 13169 31867 15612 3582 -6765 7a.2 Non-food credit 11086703 105782 16543 198449 569313 751064 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 Nov. 5 Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 M3 18844578 19915804 392475 2.0 1134891 6.8 1071226 5.7 1945250 12.2 1980950 11.0 1 Components (1.1.+1.2+1.3+1.4)                         1.1 Currency with the Public 2751828 2879130 53485 1.9 287938 12.3 127302 4.6 461516 21.2 241443 9.2 1.2 Demand Deposits with Banks 1995120 2109705 147129 7.5 -121856 -7.0 114585 5.7 174015 12.1 493869 30.6 1.3 Time Deposits with Banks 14050278 14879087 191144 1.3 965658 7.6 828808 5.9 1299934 10.5 1239413 9.1 1.4 ‘Other’ Deposits with Reserve Bank 47351 47882 717 1.5 3150 8.2 531 1.1 9786 30.7 6225 14.9 2 Sources (2.1+2.2+2.3+2.4-2.5)                         2.1 Net Bank Credit to Government 5850374 6171255 193686 3.2 755707 15.2 320881 5.5 746260 15.0 455186 8.0 2.1.1 Reserve Bank 1099686 1186805 143702   4154   87120   -14113   190459   2.1.2 Other Banks 4750689 4984449 49984 1.0 751553 18.9 233761 4.9 760373 19.2 264726 5.6 2.2 Bank Credit to Commercial Sector 11668466 11876051 126525 1.1 40905 0.4 207584 1.8 616360 5.9 796501 7.2 2.2.1 Reserve Bank 8709 2140 161 6.7 1768   -6569   7584   -12794   2.2.2 Other Banks 11659757 11873911 126364 1.1 39137 0.4 214153 1.8 608776 5.8 809295 7.3 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 Opera tions# 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 Purch ase 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Nov. 8, 2021 – 256290 – – 335 – – – – – – – – -255955 Nov. 9, 2021 – 218794 – 200015 4100 – – – – – – – – -414709 Nov. 10, 2021 – 251799 – – 95 – – 250 – – – – – -251954 Nov. 11, 2021 – 246428 – – 12 – – 50 – – – – – -246466 Nov. 12, 2021 – 243661 – – 125 – – – – – – – – -243536 Nov. 13, 2021 – 3750 – – 62 – – – – – – – – -3688 Nov. 14, 2021 – 4582 – – 10 – – – – – – – – -4572 * 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 (Communications) Press Release: 2021-2022/1226

The following State Governments have offered to sell securities by way of auction, for an aggregate amount of ₹8,725 Cr. (Face Value).

Sr. No.	State/UT	Amount to be raised (₹ Cr)	Additional Borrowing (Greenshoe) Option (₹ Cr)	Tenure (Yrs)	Type of Auction
1	Assam	600	–	10	Yield
2	Bihar	2000	–	9	Yield
3	Himachal Pradesh	500	–	9	Yield
		500	–	10	Yield
		500	–	11	Yield
		500	–	12	Yield
4	Karnataka	1000	–	2	Yield
		1000	–	10	Yield
5	Puducherry	125	–	7	Yield
6	Tamil Nadu	1000	–	Re-issue of 6.99% Tamil Nadu SDL 2041 Issued on May 25, 2021	Price
7	West Bengal	1000	–	10	Yield
	TOTAL	8725

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on November 23, 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 November 23, 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 November 23, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on November 24, 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 May 24 and November 24 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 (Communications)

Press Release: 2021-2022/1225