Category: Press Releases

Reserve Bank of India – Press Releases

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Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of July 2021, are set out in Statements I and II.

On a year-on-year (y-o-y) basis, non-food bank credit1 growth stood at 6.2 per cent in July 2021 as compared to 6.4 per cent in July 2020.

Highlights of the sectoral deployment of bank credit are given below:

  • Credit to agriculture and allied activities continued to perform well, registering an accelerated growth of 12.4 per cent in July 2021 as compared to 5.4 per cent in July 2020.

  • Credit growth to industry remained subdued at 1.0 per cent in July 2021 vis-à-vis 0.9 per cent in July 2020. Size-wise, credit to medium industries registered a robust growth of 71.6 per cent in July 2021 as compared to a contraction of 1.8 per cent a year ago. Credit to micro and small industries accelerated to 7.9 per cent in July 2021 as compared to a contraction of 1.8 per cent a year ago, while credit to large industries contracted by 2.9 per cent in July 2021 as compared to a growth of 1.4 per cent a year ago.

  • Within industry, credit growth to ‘all engineering’, ‘beverages & tobacco’, ‘chemicals & chemical products’, ‘gems & jewellery’, ‘infrastructure’, ‘paper & paper products’, ‘petroleum coal products & nuclear fuels’, ‘rubber, plastic & their products’ and ‘textiles’ accelerated in July 2021 as compared to the corresponding month of the previous year. However, credit growth to ‘basic metal & metal products’, ‘cement & cement products’, ‘construction’, ‘food processing’, ‘glass & glassware’, ‘leather & leather products’, ‘mining & quarrying’, ‘vehicles, vehicles parts & transport equipment’ and ‘wood & wood products’ decelerated/contracted.

  • Credit growth to the services sector slowed to 2.7 per cent in July 2021 from 12.2 per cent in July 2020, mainly due to deceleration in credit growth to ‘NBFCs’, and ‘commercial real estate’.

  • Personal loans registered an accelerated growth of 11.2 per cent in July 2021 as compared to 9.0 per cent a year ago, primarily due to higher growth in ‘loans against gold jewellery’ and ‘vehicle loans’.

Ajit Prasad
Director   

Press Release: 2021-2022/784

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The Result of the auction of State Development Loans for 12 State Governments/Union Territories held on August 31, 2021.

Table
(Amount in ₹ crore)
  ANDHRA PRADESH 2035 ASSAM 2024 GUJARAT 2027* HARYANA 2031
Notified Amount 1000 500 1000 1000
Tenure 14 3 6 10
Competitive Bids Received        
(i) No. 108 40 170 102
(ii) Amount 3975 4180 13210 7680
Cut-off Yield (%) 7.05 4.97 6.28 6.87
Competitive Bids Accepted        
(i) No. 57 5 12 3
(ii) Amount 934.989 487.994 1477.982 915.897
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 8.3492 87.994 26.4359 78.9743
(ii) No. (17 bids) (1 bid) (6 bids) (1 bid)
Non-Competitive Bids Received        
(i) No. 6 4 5 12
(ii) Amount 65.011 12.006 22.018 84.103
Non-Competitive Price (₹) 100.19 100.05 100.05 100.07
Non-Competitive Bids Accepted        
(i) No. 6 4 5 12
(ii) Amount 65.011 12.006 22.018 84.103
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage – – – –
(ii) No. – – – –
Weighted Average Yield (%) 7.0281 4.9536 6.2698 6.8602
Total Allotment Amount 1000 500 1500 1000

  HIMACHAL PRADESH 2032 HIMACHAL PRADESH 2031 JAMMU AND KASHMIR 2036 KERALA 2034
Notified Amount 500 500 600 2000
Tenure 11 10 15 13
Competitive Bids Received        
(i) No. 62 57 64 134
(ii) Amount 2355 3330 2425 6300
Cut-off Yield (%) 6.98 6.93 7.08 7.04
Competitive Bids Accepted        
(i) No. 18 12 36 61
(ii) Amount 481.494 467.598 579.993 1894
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 62.6869 17.09 8.3482 95.0538
(ii) No. (9 bids) (5 bids) (10 bids) (13 bids)
Non-Competitive Bids Received        
(i) No. 7 9 3 6
(ii) Amount 18.506 32.402 20.007 106
Non-Competitive Price (₹) 100.05 100.1 100.21 100.18
Non-Competitive Bids Accepted        
(i) No. 7 9 3 6
(ii) Amount 18.506 32.402 20.007 106
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage – – – –
(ii) No. – – – –
Weighted Average Yield (%) 6.9738 6.9154 7.0572 7.0188
Total Allotment Amount 500 500 600 2000

  KERALA 2039 MADHYA PRADESH 2026 PUNJAB 2036** PUNJAB 2031
Notified Amount 1500 2000 250 1250
Tenure 18 5 15 Re-issue of 6.97% Punjab SDL 2031 Issued on August 18, 2021
Competitive Bids Received        
(i) No. 104 116 29 61
(ii) Amount 7985 11625 925 4160
Cut-off Yield (%) 7.06 5.99 – 6.9554
Competitive Bids Accepted        
(i) No. 12 6 – 25
(ii) Amount 1464.973 1967.998 – 1216.976
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 84.8857 91.6828 – 49.7945
(ii) No. (5 bids) (2 bids) – (2 bids)
Non-Competitive Bids Received        
(i) No. 2 6 2 6
(ii) Amount 35.027 32.002 2.505 33.024
Non-Competitive Price (₹) 100.01 100.07 – 100.17
Non-Competitive Bids Accepted        
(i) No. 2 6 – 6
(ii) Amount 35.027 32.002 – 33.024
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage – – – –
(ii) No. – – – –
Weighted Average Yield (%) 7.0587 5.9747 – 6.9455
Total Allotment Amount 1500 2000 0 1250

  RAJASTHAN 2031 TELANGANA 2035 WEST BENGAL 2051 Total
Notified Amount 1500 1000 1500 16100
Tenure 10 14 30  
Competitive Bids Received        
(i) No. 125 93 45 1310
(ii) Amount 8504 3825 6912.5 87391.5
Cut-off Yield (%) 6.91 7.05 7.12  
Competitive Bids Accepted        
(i) No. 17 48 4 316
(ii) Amount 1372.725 935.062 1484.962 15682.643
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 11.6767 24.1298 42.1266  
(ii) No. (8 bids) (16 bids) (4 bids)  
Non-Competitive Bids Received        
(i) No. 13 6 2 89
(ii) Amount 127.275 64.938 15.038 669.862
Non-Competitive Price (₹) 100.27 100.14 100  
Non-Competitive Bids Accepted        
(i) No. 13 6 2 87
(ii) Amount 127.275 64.938 15.038 667.357
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage – – –  
(ii) No. – – –  
Weighted Average Yield (%) 6.8718 7.0338 7.12  
Total Allotment Amount 1500 1000 1500 16350
* Gujarat has accepted an additional amount of ₹500 crore.
** Punjab has not accepted any amount in the fifteen year security.

Ajit Prasad
Director   

Press Release: 2021-2022/783

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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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Sr. No. State/ UT Notified Amount
(₹ Cr)		 Amount Accepted
(₹ Cr)		 Cut off Price (₹) /
Yield (%)		 Tenure
(Yrs)
1 Andhra Pradesh 1000 1000 7.05 14
2 Assam 500 500 4.97 3
3 Gujarat * 1000 1500 6.28 6
4 Haryana 1000 1000 6.87 10
5 Himachal Pradesh 500 500 6.93 10
500 500 6.98 11
6 Jammu and Kashmir 600 600 7.08 15
7 Kerala 2000 2000 7.04 13
1500 1500 7.06 18
8 Madhya Pradesh 2000 2000 5.99 5
9 Punjab** 250 – NA 15
1250 1250 100.10/6.9554 Re-issue of 6.97% Punjab SDL 2031 Issued on August 18, 2021
10 Rajasthan 1500 1500 6.91 10
11 Telangana 1000 1000 7.05 14
12 West Bengal 1500 1500 7.12 30
  TOTAL 16100 16350    
* Gujarat has accepted an additional amount of ₹500 crore.
** Punjab has not accepted any amount in the fifteen year security.

Ajit Prasad
Director   

Press Release: 2021-2022/781

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The Reserve Bank of India vide directive UBD.CO.BSD-I/D-28/12.22.2018/2012-13 dated February 21, 2013 had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to August 31, 2021.

2. It is hereby notified for the information of the public that, 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 November 30, 2021 as per the directive DOR.MON/D-31/12.22.218/2021-22 dated August 27, 2021, subject to review.

3. All other terms and conditions of the Directive under reference shall remain unchanged. A copy of the directive dated August 27, 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 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: 2021-2022/780

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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) 4,19,770.90 3.14 1.95-3.40
     I. Call Money 5,497.86 3.21 1.95-3.40
     II. Triparty Repo 3,19,258.00 3.12 2.96-3.37
     III. Market Repo 93,196.04 3.16 2.00-3.32
     IV. Repo in Corporate Bond 1,819.00 3.39 3.32-3.40
B. Term Segment      
     I. Notice Money** 339.07 3.18 2.40-3.40
     II. Term Money@@ 387.75 – 3.05-3.50
     III. Triparty Repo 2,000.00 3.15 3.15-3.16
     IV. Market Repo 382.32 3.29 3.00-3.43
     V. Repo in Corporate Bond 550.00 3.60 3.42-5.35
  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 Mon, 30/08/2021 1 Tue, 31/08/2021 5,58,539.00 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, 30/08/2021 1 Tue, 31/08/2021 0.00 4.25
4. On Tap Targeted Long Term Repo Operations€ Mon, 30/08/2021 1095 Thu, 29/08/2024 50.00 4.00
5. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
6. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -5,58,489.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
    (ii) Reverse Repo          
    (iii) Special Reverse Repo~ Fri, 27/08/2021 13 Thu, 09/09/2021 6,574.00 3.75
    (iv) Special Reverse Repoψ Fri, 27/08/2021 13 Thu, 09/09/2021 611.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 27/08/2021 13 Thu, 09/09/2021 3,00,027.00 3.42
  (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
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$       28,295.80  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -1,94,624.20  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*    

-7,53,113.20

  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 30/08/2021 6,19,803.99  
     (ii) Average daily cash reserve requirement for the fortnight ending 10/09/2021 6,28,268.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 30/08/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 13/08/2021 11,32,933.00  
@ 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: 2021-2022/779

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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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The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period July 26 – July 30, 2021.

All Figures are in USD Millions
Position Date MERCHANT INTER BANK
FCY / INR FCY / FCY FCY / INR FCY / FCY
Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward
Purchase
26-07-2021 3,632 1,092 743 285 201 220 10,569 11,121 1,606 4,369 2,045 68
27-07-2021 3,731 1,158 1,051 334 161 108 9,952 10,240 1,720 3,982 1,979 299
28-07-2021 3,741 2,167 2,894 256 499 338 12,086 8,825 712 4,319 4,122 266
29-07-2021 3,968 2,152 1,527 388 501 344 12,273 9,849 859 4,923 3,336 267
30-07-2021 4,638 2,357 1,246 300 218 185 12,141 11,548 503 3,888 2,246 250
Sales
26-07-2021 4,623 1,685 430 272 198 219 9,931 11,930 785 4,376 2,073 68
27-07-2021 4,039 1,342 473 346 177 108 9,771 11,533 1,256 3,982 1,915 286
28-07-2021 4,101 3,018 1,514 212 464 339 12,602 8,988 786 4,319 4,117 265
29-07-2021 4,156 2,187 1,019 372 437 343 13,302 11,357 255 4,972 3,350 267
30-07-2021 3,421 2,151 1,489 303 238 186 12,100 11,828 1,895 3,855 2,207 250
(Provisional Data)

Ajit Prasad
Director   

Press Release: 2021-2022/777

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The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period July 19 – July 23, 2021.

All Figures are in USD Millions
Position Date MERCHANT INTER BANK
FCY / INR FCY / FCY FCY / INR FCY / FCY
Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward
Purchase
19-07-2021 2,952 1,847 602 190 192 112 9,683 10,425 998 3,749 1,507 143
20-07-2021 4,069 673 995 108 122 97 10,354 10,627 807 2,846 1,340 132
22-07-2021 5,802 1,563 3,888 268 177 145 13,609 13,395 2,514 3,312 1,485 126
23-07-2021 3,324 879 840 174 200 177 11,153 11,188 1,120 2,853 1,718 63
Sales
19-07-2021 2,560 1,763 959 190 173 136 9,497 10,188 1,335 3,758 1,561 143
20-07-2021 3,485 1,844 434 110 121 98 9,745 11,752 1,136 2,875 1,382 132
22-07-2021 10,645 2,084 469 270 176 148 14,402 12,809 677 3,339 1,580 126
23-07-2021 3,584 1,268 575 178 200 178 10,888 9,881 573 2,849 1,728 63
(Provisional Data)

Ajit Prasad
Director   

Press Release: 2021-2022/776

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The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period July 12 – July 16, 2021.

All Figures are in USD Millions
Position Date MERCHANT INTER BANK
FCY / INR FCY / FCY FCY / INR FCY / FCY
Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward
Purchase
12-07-2021 2,757 1,470 477 196 127 69 9,660 8,576 319 3,375 2,122 120
13-07-2021 4,083 1,278 500 331 77 50 10,226 9,041 1,203 3,022 1,945 101
14-07-2021 4,174 665 471 135 153 161 9,196 11,973 844 3,210 1,683 191
15-07-2021 8,360 1,603 1,070 255 91 216 11,526 15,044 349 4,237 1,916 109
16-07-2021 7,486 1,217 1,353 158 122 55 12,125 16,785 813 3,732 2,642 84
Sales
12-07-2021 2,336 1,153 300 198 126 69 10,125 8,470 360 3,403 2,074 120
13-07-2021 3,085 1,228 413 332 76 50 11,643 8,306 538 3,013 1,959 101
14-07-2021 2,966 1,379 318 136 152 161 9,389 9,706 1,094 3,203 1,671 192
15-07-2021 5,511 3,070 461 254 91 217 12,754 16,118 853 4,203 1,966 109
16-07-2021 3,365 5,754 724 174 110 55 11,671 16,885 1,089 3,742 2,660 84
(Provisional Data)

Ajit Prasad
Director   

Press Release: 2021-2022/775

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