Category: Press Releases

The Result of the auction of State Development Loans for 14 State Governments held on June 29, 2021. Table (₹ in crore)   GOA 2031 GUJARAT 2031* JAMMU & KASHMIR UT 2033 KERALA 2056 Notified Amount 100 1500 900 1000 Underwriting Notified Amount NIL NIL NIL NIL Tenure 10 10 12 35 Competitive Bids Received         (i) No. 27 123 74 25 (ii) Amount 550 5502 2072.5 3050 Cut-off Yield (%) 6.96 6.88 7.10 7.2 Competitive Bids Accepted         (i) No. 15 35 43 5 (ii) Amount 94.993 1842.065 870.995 999.995 Partial Allotment Percentage of Competitive Bids         (i) Percentage 66.62 42.7327 29.4711 49.4995 (ii) No. (2 bids) (10 bids) (9 bids) (1 bids) Non – Competitive Bids Received         (i) No. 6 14 6 1 (ii) Amount 5.007 157.935 29.005 0.005 Non-Competitive Price 100.22 100.13 100.44 100.14 Non-Competitive Bids Accepted         (i) No. 6 14 6 1 (ii) Amount 5.007 157.935 29.005 0.005 Partial Allotment Percentage of Non-Competitive Bids         (i) Percentage – – – – (ii) No. – – – – Weighted Average Yield (%) 6.9295 6.8615 7.0456 7.1889 Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL Devolvement on Primary Dealers NIL NIL NIL NIL Total Allotment Amount 100 2000 900 1000   KERALA 2046 MAHARASHTRA 2032 MAHARASHTRA 2031** MANIPUR 2031 Notified Amount 2000 1000 1000 200 Underwriting Notified Amount NIL NIL NIL NIL Tenure 25 11 10 10 Competitive Bids Received         (i) No. 61 163 126 24 (ii) Amount 6450 4783 4985 620 Cut-off Yield (%) 7.13 6.95 6.89 7.00 Competitive Bids Accepted         (i) No. 4 53 32 16 (ii) Amount 1994.998 900 1370.47 195.995 Partial Allotment Percentage of Competitive Bids         (i) Percentage 99.7499 13.9319 47.0114 23.1796 (ii) No. (4 bids) (21 bids) (11 bids) (2 bids) Non – Competitive Bids Received         (i) No. 2 14 14 5 (ii) Amount 5.002 105.791 129.53 4.005 Non-Competitive Price 100 100.1 100.05 100.18 Non-Competitive Bids Accepted         (i) No. 2 14 14 5 (ii) Amount 5.002 100 129.53 4.005 Partial Allotment Percentage of Non-Competitive Bids         (i) Percentage – 94.526 – – (ii) No. – (13 bids) – – Weighted Average Yield (%) 7.13 6.9375 6.8824 6.9753 Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL Devolvement on Primary Dealers NIL NIL NIL NIL Total Allotment Amount 2000 1000 1500 200   MEGHALAYA 2041 PUNJAB 2041*** PUNJAB 2031 RAJASTHAN 2031 Notified Amount 200 1000 1000 500 Underwriting Notified Amount NIL NIL NIL NIL Tenure 20 20 10 10 Competitive Bids Received         (i) No. 16 55 80 84 (ii) Amount 950 5335.3 2465 2770 Cut-off Yield (%) 7.19 – 6.95 6.91 Competitive Bids Accepted         (i) No. 2 – 38 21 (ii) Amount 200 – 910.897 453.494 Partial Allotment Percentage of Competitive Bids         (i) Percentage 92.5 – 52.8081 18.5081 (ii) No. (1 bids) – (11 bids) (8 bids) Non – Competitive Bids Received         (i) No. – 2 12 11 (ii) Amount – 0.051 89.103 46.506 Non-Competitive Price 100.02 0 100.19 100.13 Non-Competitive Bids Accepted         (i) No. – – 12 11 (ii) Amount – – 89.103 46.506 Partial Allotment Percentage of Non-Competitive Bids         (i) Percentage – – – – (ii) No. – – – – Weighted Average Yield (%) 7.1885 – 6.9237 6.8924 Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL Devolvement on Primary Dealers NIL NIL NIL NIL Total Allotment Amount 200 NIL 1000 500   RAJASTHAN 2026 RAJASTHAN 2041 TAMILNADU 2056 TAMILNADU 2051 Notified Amount 500 1000 1000 1000 Underwriting Notified Amount NIL NIL NIL NIL Tenure 5 20 35 30 Competitive Bids Received         (i) No. 54 67 23 28 (ii) Amount 3454.97 5865 1895 2595 Cut-off Yield (%) 6.24 7.13 7.2863 7.2386 Competitive Bids Accepted         (i) No. 5 3 12 10 (ii) Amount 489.973 964.788 999.911 999.905 Partial Allotment Percentage of Competitive Bids         (i) Percentage 31.086 60.2993 37.9644 15.3481 (ii) No. (2 bids) (3 bids) (1 bids) (2 bids) Non – Competitive Bids Received         (i) No. 4 6 1 1 (ii) Amount 10.027 35.212 0.089 0.095 Non-Competitive Price 100.23 100 96.58 97.35 Non-Competitive Bids Accepted         (i) No. 4 6 1 1 (ii) Amount 10.027 35.212 0.089 0.095 Partial Allotment Percentage of Non-Competitive Bids         (i) Percentage – – – – (ii) No. – – – – Weighted Average Yield (%) 6.1868 7.13 7.229 7.1756 Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL Devolvement on Primary Dealers NIL NIL NIL NIL Total Allotment Amount 500 1000 1000 1000   TELANGANA 2051 UTTAR PRADESH 2031 UTTARAKHAND 2031 WEST BENGAL 2028 Notified Amount 1000 2500 700 2500 Underwriting Notified Amount NIL NIL NIL NIL Tenure 30 10 10 7 Competitive Bids Received         (i) No. 31 175 76 132 (ii) Amount 3190 7359 2765 7980 Cut-off Yield (%) 7.18 6.94 6.94 6.79 Competitive Bids Accepted         (i) No. 2 72 27 38 (ii) Amount 999.975 2344.027 666.245 2454.987 Partial Allotment Percentage of Competitive Bids         (i) Percentage 99.995 4.5003 11.8028 99.9957 (ii) No. (1 bids) (18 bids) (5 bids) (4 bids) Non – Competitive Bids Received         (i) No. 2 14 9 5 (ii) Amount 0.025 155.973 33.755 45.013 Non-Competitive Price 100.06 100.15 100.14 100.27 Non-Competitive Bids Accepted         (i) No. 2 14 9 5 (ii) Amount 0.025 155.973 33.755 45.013 Partial Allotment Percentage of Non-Competitive Bids         (i) Percentage – – – – (ii) No. – – – – Weighted Average Yield (%) 7.175 6.9189 6.9197 6.7402 Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL Devolvement on Primary Dealers NIL NIL NIL NIL Total Allotment Amount 1000 2500 700 2500   Total Notified Amount 20600 Underwriting Notified Amount   Tenure   Competitive Bids Received   (i) No. 1444 (ii) Amount 74636.77 Cut-off Yield (%)   Competitive Bids Accepted   (i) No. 433 (ii) Amount 19753.71 Partial Allotment Percentage of Competitive Bids   (i) Percentage   (ii) No.   Non – Competitive Bids Received   (i) No. 129 (ii) Amount 852.129 Non-Competitive Price   Non-Competitive Bids Accepted   (i) No. 127 (ii) Amount 846.287 Partial Allotment Percentage of Non-Competitive Bids   (i) Percentage   (ii) No.   Weighted Average Yield (%)   Amount of Underwriting accepted from Primary Dealers   Devolvement on Primary Dealers   Total Allotment Amount 20600 * Gujarat has accepted an additional amount of ₹500 crore in the 10 year Security. ** Maharashtra has accepted an additional amount of ₹500 crore in the 10 year Security. *** Punjab has accepted NIL amount in the 20 year Security. Ajit Prasad Director    Press Release: 2021-2022/442

Today, the Reserve Bank released its web publication entitled ‘Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), March 2021’ on its Database on Indian Economy (DBIE) portal (web-link: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!12). Based on granular account-level information, it presents various characteristics of bank credit such as occupation/activity and organisational sector of the borrower, type of account, and interest rates. Data covering 1,26,836 branches of 88 SCBs (excluding Regional Rural Banks) are presented for bank groups, population groups and states1. Highlights: Bank branches in urban, semi-urban and rural areas recorded double-digit credit growth (Y-o-Y) in March 2021 whereas metropolitan branches, which accounted for 63 per cent of bank credit, recorded 1.4 per cent growth in credit. Personal loans continued to grow at robust pace and recorded 13.5 per cent growth (Y-o-Y) in March 2021; industrial loan growth, on the other hand, remained negative during all quarters of 2020-21. Credit to household sector2 rose by 10.9 per cent (Y-o-Y) and its share in total credit increased to 52.6 per cent in March 2021 from 49.8 per cent a year ago; growth in credit to the private corporate sector, however, declined for the sixth successive quarter and its share in total credit stood at 28.3 per cent. Working capital loans in the form of cash credit, overdraft and demand loans, which accounted for a third of total credit, contracted during 2020-21. Private sector banks recorded higher loan growth when compared to other bank groups: their share in total credit increased to 36.5 per cent in March 2021 from 35.4 per cent a year ago and 24.8 per cent five years ago. Weighted average lending rate (WALR) on outstanding credit has moderated by 91 basis points during 2020-21, including a decline of 21 basis points during Q4:2020-21. (Yogesh Dayal)      Chief General Manager Press Release: 2021-2022/441

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.

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Thank you for your continued support.

Department of Communication

Reserve Bank of India

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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) 4,15,303.65 3.25 0.01-3.45      I. Call Money 6,969.77 3.13 1.90-3.40      II. Triparty Repo 3,12,369.60 3.24 3.20-3.30      III. Market Repo 94,625.28 3.27 0.01-3.40      IV. Repo in Corporate Bond 1,339.00 3.44 3.40-3.45 B. Term Segment            I. Notice Money** 943.95 3.27 2.75-3.40      II. Term Money@@ 726.00 – 3.00-3.40      III. Triparty Repo 1,117.00 3.25 3.16-3.26      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 Mon, 28/06/2021 1 Tue, 29/06/2021 3,75,834.00 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, 28/06/2021 1 Tue, 29/06/2021 0.00 4.25 4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£           5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -3,75,834.00   II. Outstanding Operations 1. Fixed Rate                (i) Repo               (ii) Reverse Repo               (iii) Special Reverse Repo~ Fri, 18/06/2021 14 Fri, 02/07/2021 960.00 3.75     (iv) Special Reverse Repoψ Fri, 18/06/2021 14 Fri, 02/07/2021 40.00 3.75 2. Variable Rate&             (I) Main Operation                (a) Reverse Repo Fri, 18/06/2021 14 Fri, 02/07/2021 2,00,009.00 3.50   (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 D. Standing Liquidity Facility (SLF) Availed from RBI$       15,776.80   E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -1,01,940.20   F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -4,77,774.20   G. Cash Reserves Position of Scheduled Commercial Banks      (i) Cash balances with RBI as on 28/06/2021 6,13,247.17        (ii) Average daily cash reserve requirement for the fortnight ending 02/07/2021 6,19,074.00   H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 28/06/2021 0.00   I. Net durable liquidity [surplus (+)/deficit (-)] as on 04/06/2021 8,57,660.00   @ 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 and Press Release No. 2020-2021/1057 dated February 05, 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: 2021-2022/439

The Financial Action Task Force (FATF), vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ dated June 25, 2021, has called on its members and other jurisdictions to refer to the statement on these jurisdictions adopted in February 2020.

FATF had earlier identified the following jurisdictions as having strategic deficiencies which have developed an action plan with the FATF to deal with them. These jurisdictions are: Albania, Barbados, Botswana, Cambodia, Cayman Islands, Jamaica, Mauritius, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Senegal, Syria, Uganda, Yemen and Zimbabwe. As per the public statement, Haiti, Malta, Philippines, and South Sudan have now been added to the list of Jurisdiction under increased Monitoring based on the decision made at the June 2021 FATF plenary. FATF plenary releases documents titled “High-Risk jurisdictions subject to a Call for Action” and “Jurisdictions under increased Monitoring” with respect to jurisdictions that have strategic AML/CFT deficiencies as a part of the ongoing efforts to identify and work with jurisdictions with strategic Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) deficiencies. Such advice does not preclude the regulated entities from legitimate trade and business transactions with the countries and jurisdictions mentioned there.

The detailed information is available in the updated public statements and document released by FATF on June 25, 2021. The statements and document can be accessed at the following URL:

1. http://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/increased-monitoring-june-2021.html

2. https://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/call-for-action-june-2021.html

3. https://www.fatf-gafi.org/publications/fatfgeneral/documents/outcomes-fatf-plenary-june-2021.html

About FATF

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF monitors the progress of its members in implementing necessary measures, reviews money laundering and terrorist financing techniques and counter-measures, and promotes the adoption and implementation of appropriate measures globally. The FATF’s decision making body, the FATF Plenary, meets three times a year and updates these statements, which may be noted.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/438

Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of ₹32,000 crore as per the following details:

Sr No	Security	Date of Repayment	Notified Amount (₹ crore)	GoI specific Notification	Auction Date	Settlement Date
1	5.63% GS 2026	April 12, 2026	11,000	F.No.4(3)-B(W&M)/2021 dated June 28, 2021	July 02, 2021 (Friday)	July 05, 2021 (Monday)
2	GoI FRB 2033 *	September 22, 2033	4,000
3	6.64% GS 2035	June 16, 2035	10,000
4	6.67% GS 2050	December 17, 2050	7,000
	Total		32,000
*The base rate for the coupon payment for the period ending September 21, 2021 shall be 3.48 per cent per annum.

2. GoI will have the option to retain additional subscription up to ₹8,000 crore against above security/securities.

3. The securities will be sold through Reserve Bank of India Mumbai Office, Fort, Mumbai – 400001, The sale will be subject to the terms and conditions spelt out in the ‘Specific Notification’ mentioned above and the General Notification F.No.4(2)–W&M/2018, dated March 27, 2018.

4. 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 July 02, 2021. 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. The result will be announced on the same day and payment by successful bidders will have to be made on July 05, 2021 (Monday).

5. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by ‘Primary Dealers’ from 9.00 a.m. up to 9.30 a.m. on July 02, 2021 (Friday) on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

6. The Stocks will be eligible for “When Issued” trading for a period commencing June 29, 2021 – July 02, 2021.

7. Operational guidelines for Government of India dated securities auction and other details are given in the Annex.

Ajit Prasad
Director   

Press Release: 2021-2022/437

---

ANNEX

Type of Auction

1. The auction will be a multiple price-based auction i.e. successful bids will get accepted at their respective quoted price for the security.

2. The auction will be yield based for new security and price based for securities which are re-issued.

3. In case of a Floating Rate Bonds (FRB), the auction will be spread-based for new security and price based for securities which are reissued. At the time of placing bids for new FRB, the spread should be quoted in percentage terms.

Minimum Bid Size

4. The Stocks will be issued for a minimum amount of ₹10,000/- (nominal) and in multiples of ₹10,000/- thereafter.

Non-Competitive Segment

5. In all the auctions, Government Stock up to 5% of the notified amount of sale will be allotted to the eligible individuals and institutions under the Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities.

6. Each bank or Primary Dealer (PD) on the basis of firm orders received from their constituents will submit a single consolidated non-competitive bid on behalf of all its constituents in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

7. Allotment under the non-competitive segment to the bank or PD will be at the weighted average rate of yield/price of the successful bids that will emerge in the auction on the basis of the competitive bidding.

Submission of Bids

8. 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.

9. Bids in physical form will not be accepted except in extraordinary circumstances.

Business Continuity Plan (BCP)-IT failure

10. Only in the event of system failure, physical bids will be accepted. Such physical bids should be submitted to the Public Debt Office, Mumbai through (email; Phone no: 022-22632527, 022-22701299) in the prescribed form which can be obtained from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends.

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

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

Multiple Bids

13. An investor can submit more than one competitive bid in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

14. However, the aggregate amount of bids submitted by a person in an auction should not exceed the notified amount of auction.

Decision Making Process

15. On the basis of bids received, the Reserve Bank will determine the minimum price up to which tenders for purchase of Government Stock will be accepted at the auctions.

16. Bids quoted at rates lower than the minimum price determined by the Reserve Bank of India will be rejected.

17. Reserve Bank of India will have the full discretion to accept or reject any or all bids either wholly or partially without assigning any reason.

Issue of Securities

18. Issue of securities to the successful bidders will be by credit to Subsidiary General Ledger Account (SGL) of parties maintaining such account with Reserve Bank of India or in the form of Stock Certificate.

Periodicity of Interest Payment

19. Interest on the Government Stock will generally be paid half-yearly other than in case of securities with non-standard maturities. The exact periodicity of coupon payment is invariably mentioned in the specific notification for the issue of security.

Underwriting of the Government Securities

20. The underwriting of the Government Securities under auctions by the ‘Primary Dealers’ will be as per the “Revised Scheme of Underwriting Commitment and Liquidity Support” announced by the Reserve Bank vide circular RBI/2007-08/186 dated November 14, 2007 as amended from time to time.

Eligibility for Repurchase Transactions (Repo)

21. The Stocks will eligible for Repurchase Transactions (Repo) as per the conditions mentioned in Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 (Reserve Bank) Directions, 2018 as amended from time to time.

Eligibility for ‘When Issued’ Trading

22. The Stocks will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.

Investment by Non-Residents

23. Investments by Non-Residents are subject to the guidelines on ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities and Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF).

The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹ 20,600 Cr. (Face Value). The revision is due to the addition of Meghalaya.

Sr. No.	State/ UT	Amount to be raised (₹ Cr)	Additional Borrowing (Greenshoe) Option (₹ Cr)	Tenure (Yrs)	Type of Auction
1	Goa	100	–	10	Yield
2	Gujarat	1500	500	10	Yield
3	Jammu and Kashmir	900	–	12	Yield
4	Kerala	2000	–	25	Yield
		1000	–	35	Yield
5	Maharashtra	1000	500	10	Yield
		1000	–	11	Yield
6	Manipur	200	–	10	Yield
7	Meghalaya	200	–	20	Yield
8	Punjab	1000	–	10	Yield
		1000	–	20	Yield
9	Rajasthan	500	–	5	Yield
		500	–	10	Yield
		1000	–	20	Yield
10	Tamil Nadu	1000	–	Re-issue of 6.96% Tamil Nadu SDL 2051 issued on May 19, 2021	Price
		1000	–	Re-issue of 6.96% Tamil Nadu SDL 2056 issued on May 19, 2021	Price
11	Telangana	1000	–	30	Yield
12	Uttarakhand	700	–	10	Yield
13	Uttar Pradesh	2500	–	10	Yield
14	West Bengal	2500	–	7	Yield
	TOTAL	20,600

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on June 29, 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 June 29, 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 June 29, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on June 30, 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 December 30 and June 30 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: 2021-2022/436

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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(Amount in ₹ crore, Rate in Per cent)   Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 4,11,666.42 3.25 0.01-3.50      I. Call Money 7,265.63 3.13 1.90-3.40      II. Triparty Repo 3,06,843.20 3.24 3.23-3.38      III. Market Repo 95,496.59 3.29 0.01-3.45      IV. Repo in Corporate Bond 2,061.00 3.50 3.50-3.50 B. Term Segment            I. Notice Money** 971.32 3.40 2.75-3.47      II. Term Money@@ 180.00 – 3.25-3.40      III. Triparty Repo 300.00 3.25 3.24-3.25      IV. Market Repo 688.71 3.02 2.00-3.75      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 Fri, 25/06/2021 3 Mon, 28/06/2021 3,54,255.00 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 Fri, 25/06/2021 3 Mon, 28/06/2021 2.00 4.25 4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£           5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -3,54,253.00   II. Outstanding Operations 1. Fixed Rate                (i) Repo                (ii) Reverse Repo                (iii) Special Reverse Repo~ Fri, 18/06/2021 14 Fri, 02/07/2021 960.00 3.75      (iv) Special Reverse Repoψ Fri, 18/06/2021 14 Fri, 02/07/2021 40.00 3.75 2. Variable Rate&             (I) Main Operation                (a) Reverse Repo Fri, 18/06/2021 14 Fri, 02/07/2021 2,00,009.00 3.50   (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 D. Standing Liquidity Facility (SLF) Availed from RBI$       15,776.80   E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -1,01,940.20   F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -4,56,193.20   G. Cash Reserves Position of Scheduled Commercial Banks      (i) Cash balances with RBI as on 25/06/2021 6,22,355.95        (ii) Average daily cash reserve requirement for the fortnight ending 02/07/2021 6,19,074.00   H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 25/06/2021 0.00   I. Net durable liquidity [surplus (+)/deficit (-)] as on 04/06/2021 8,57,660.00   @ 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 and Press Release No. 2020-2021/1057 dated February 05, 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: 2021-2022/434

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The July 2021 round of the survey is now being launched. The survey aims at capturing subjective assessments on price movements and inflation, of approximately 6,000 households, based on their individual consumption baskets, across 18 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram. The survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three months ahead as well as in the one year ahead period and quantitative responses on current, three months ahead and one year ahead inflation rates. The results of this survey provide useful inputs for monetary policy.

The agency, M/s Hansa Research Group Pvt. Ltd., Mumbai has been engaged to conduct the survey of this round on behalf of the Reserve Bank of India through face-to-face as well as telephonically, in view of the phase-wise resumption of activities. For this purpose, the selected households will be approached by the agency and they are requested to provide their response. Other individuals, who are not approached by the agency can also participate in this survey by providing their responses using the linked survey schedule. The filled in survey schedule may be e-mailed as per contact details given below. In case of any query/clarification, kindly contact at the following address:

The Director,
Division of Household Surveys,
Department of Statistics and Information Management,
Reserve Bank of India,
C-8, 2nd Floor,
Bandra-Kurla Complex, Bandra (East),
Mumbai-400051;
Phone: 022-2657 8398, 022-2657 8520;
Please click here to send email.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/433