Category: Press Releases

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹26,000 crore as per the following details:

Sr No	Security	Date of Repayment	Notified Amount (₹ crore)	GoI specific Notification	Auction Date	Settlement Date
1	4.26% GS 2023	May 17, 2023	3,000	F.No.4(3)-B(W&M)/2021 dated June 21, 2021	June 25, 2021 (Friday)	June 28, 2021 (Monday)
2	5.85% GS 2030	Dec 01, 2030	14,000
3	6.76% GS 2061	Feb. 22, 2061	9,000
	Total		26,000

2. GoI will have the option to retain additional subscription up to ₹6,000 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 June 25, 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 June 28, 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 June 25, 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 from June 22, 2021 – June 25, 2021.

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

Ajit Prasad
Director   

Press Release: 2021-2022/402

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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).

A. Source Security 6.84% GS 2022 7.16% GS 2023 5.09% GS 2022 8.35% GS 2022 7.32% GS 2024 B. Notified Amount (amount in ₹ cr) 2,000 2,000 2,000 2,000 2,000 Destination Security 6.64% GS 2035 6.64% GS 2035 GOI FRB 2033 GOI FRB 2033 GOI FRB 2033 C. i. No. of offers received 15 14 35 31 17 ii. Total amount of Source Security offered (Face value in ₹ cr) 1957.612 4625.000 6430.528 2508.795 5031.129 iii. No of offers accepted 0 6 11 10 5 iv. Total amount of source security accepted (Face value in ₹ cr) 0 2000.000 2000.000 710.000 2000.000 v. Total amount of destination security issued (Face value in ₹ cr) NA 2100.370 2030.912 742.439 2132.533 vi. Cut-off price/yield for destination security NA 99.74/6.6687 99.42/4.9185 99.36/4.9251 99.90/4.8659 Ajit Prasad Director    Press Release: 2021-2022/401

(Amount in Billions of ₹)   SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 05-Jun-20 21-MAY-2021* 04-JUN-2021* 05-Jun-20 21-MAY-2021* 04-JUN-2021* I LIABILITIES TO THE BKG.SYSTEM (A)               a) Demand & Time deposits from bks. 249628.49 164248.8 174658.78 254887.19 168730.41 179080.37**   b) Borrowings from banks 57788.4 53540.7 40077 57829.63 53547.95 40294.94   c) Other demand & time liabilities 15720.18 20028.07 17997.71 15881.23 20270.22 18240.51 II LIABILITIES TO OTHERS (A)               a) Deposits (other than from banks) 13955522.63 15167162.49 15313123.75 14373994 15590565.42 15734994.96   i) Demand 1475849.38 1695059.08 1730240.3 1511930.62 1734248.91 1770607.39   ii) Time 12479673.25 13472103.37 13582883.44 12862063.37 13856316.47 13964387.55   b) Borrowings@ 287268.06 244696.4 242489.77 291491.61 250408.67 247979.14   c) Other demand & time liabilities 539277.69 570770.73 600722.22 552243.39 582689.98 612607.1 III BORROWINGS FROM R.B.I. (B) 291118.75 90485.86 90017.34 291118.75 90485.86 90017.34   Against usance bills and / or prom. Notes             IV CASH 84558.65 91691.76 88237.99 86940.83 93711.1 90168 V BALANCES WITH R.B.I. (B) 445527.02 603344.19 665049.48 458794.71 619801.25 682301.09 VI ASSETS WITH BANKING SYSTEM               a) Balances with other banks               i) In current accounts 11773 24218.19 16025.63 13981.6 26619.61 18286.75   ii) In other accounts 153801.09 123040.45 123774.43 189081.63 152156.65 155259.01   b) Money at call & short notice 20102.78 7849.24 7527.82 46182.31 26048.49 25496.86   c) Advances to banks (i.e. due from bks.) 24042.62 14363.97 15359.53 25332.71 16584.99 17253.67£   d) Other assets 50690.75 28076.06 25284.69 57023.04 30940.94 27946.54 VII INVESTMENTS (At book value) 4152696.71 4535535.43 4628275.82 4276845.47 4686227.69 4765388.01   a) Central & State Govt. securities+ 4151030.61 4534285.39 4626859.48 4268247.62 4679260.25 4758141.58   b) Other approved securities 1666.1 1250.03 1416.34 8597.86 6967.43 7246.43 VIII BANK CREDIT (Excluding Inter Bank Advance) 10254569.51 10831221.5 10843447.96 10585699.83 11168774.06 11180274.99   a) Loans, cash credits & Overdrafts$ 10067413.48 10631205.61 10644145.87 10396595.1 10966406.1 10978777.55   b) Inland Bills purchased 21898.6 28686.21 28912.11 22149.81 28702.47 28927.53   c) Inland Bills discounted 127693.69 119859.21 119658.21 128749.9 121295.59 121065.61   d) Foreign Bills purchased 14463.41 17988.77 17405.75 14673.65 18265.77 17641.92   e) Foreign Bills discounted 23100.32 33481.66 33325.98 23531.37 34104.09 33862.33 NOTE * Provisional figures incorporated in respect of such banks as have not been able to submit final figures. (A) Demand and Time Liabilities do not include borrowings of any Scheduled State Co-operative Bank from State Government and any reserve fund deposits maintained with such banks by any co-operative society within the areas of operation of such banks. ** This excludes deposits of Co-operative Banks with Scheduled State Co-operative Banks. These are included under item II (a). @ Other than from Reserve Bank, National Bank for Agriculture and Rural Development and Export Import Bank of India. (B) The figures relating to Scheduled Commercial Banks’ Borrowings in India from Reserve Bank and balances with Reserve Bank are those shown in the statement of affairs of the Reserve Bank. Borrowings against usance bills and/ or promissory notes are under Section 17(4)(c) of the Reserve Bank of India Act, 1934. Following a change in the accounting practise for LAF transactions with effect from July 11, 2014, as per the recommendations of Malegam Committee formed to review the Format of Balance Sheet and the Profit and Loss Account of the Bank, the transactions in case of Repo/ Term Repo/MSF are reflected under “Borrowings from RBI”. £ This excludes advances granted by Scheduled State Co-operative Banks to Co-operative banks. These are included under item VIII (a). + Includes Treasury Bills, Treasury Deposits, Treasury Savings Certificates and postal obligations. $ Includes advances granted by Scheduled Commercial Banks and State Co-operative Banks to Public Food Procurement Agencies (viz. Food Corporation of India, State Government and their agencies under the Food consortium). Food Credit Outstanding as on (₹ in Billions) Date 05-Jun-20 21-May-21 04-Jun-21 Scheduled Commercial Banks 85682.92 90662.91 89976.07 State Co-operative Banks 30406.26 35818.89 35821 The expression ‘ Banking System ‘ or ‘ Banks ‘ means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act, 1934. No. of Scheduled Commercial Banks as on Current Fortnight: June 04, 2021: 133 Ajit Prasad Director    Press Release : 2021-2022/400

(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, 20/06/2021 1 Mon, 21/06/2021 2,438.00 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, 20/06/2021 1 Mon, 21/06/2021 104.00 4.25 4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£           5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,334.00   II. Outstanding Operations 1. Fixed Rate                (i) Repo                (ii) Reverse Repo Sat, 19/06/2021 2 Mon, 21/06/2021 44,220.00 3.35   Fri, 18/06/2021 3 Mon, 21/06/2021 3,04,546.00 3.35      (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 Sat, 19/06/2021 2 Mon, 21/06/2021 2.00 4.25   Fri, 18/06/2021 3 Mon, 21/06/2021 59.00 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 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$       5,578.00   E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -4,60,844.00   F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -4,63,178.00   G. Cash Reserves Position of Scheduled Commercial Banks      (i) Cash balances with RBI as on 20/06/2021 6,15,466.50        (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¥ 18/06/2021 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: 2021-2022/399

April 14, 2015

Dear All

Welcome to the refurbished site of the Reserve Bank of India.

The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.

With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.

The site can be accessed through most browsers and devices; it also meets accessibility standards.

Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.

Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.

Thank you for your continued support.

Department of Communication

Reserve Bank of India

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April 14, 2015

Dear All

Welcome to the refurbished site of the Reserve Bank of India.

The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.

With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.

The site can be accessed through most browsers and devices; it also meets accessibility standards.

Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.

Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.

Thank you for your continued support.

Department of Communication

Reserve Bank of India

Next

1. Reserve Bank of India – Liabilities and Assets* (₹ Crore) Item 2020 2021 Variation Jun. 12 Jun. 4 Jun. 11 Week Year 1 2 3 4 5 4 Loans and Advances           4.1 Central Government – – – – – 4.2 State Governments 6516 11235 10380 -855 3864 * Data are provisional. 2. Foreign Exchange Reserves Item As on June 11, 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 4442085 608081 25066 3074 223132 31097 591611 100437 1.1 Foreign Currency Assets 4116135 563457 21216 2567 191967 26764 560823 94721 1.2 Gold 278330 38101 3790 496 30607 4220 26714 4927 1.3 SDRs 11048 1512 -2 -1 184 27 22 59 1.4 Reserve Position in the IMF 36572 5011 62 11 374 86 4052 730 *Difference, if any, is due to rounding off 4. Scheduled Commercial Banks – Business in India (₹ Crore) Item Outstanding as on Jun. 4, 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 15313124 145961 388031 199611 1415263 1357601 2.1a Growth (Per cent)   1.0 2.9 1.3 11.3 9.7 2.1.1 Demand 1730240 35181 -141154 -130952 182323 254391 2.1.2 Time 13582883 110780 529184 330564 1232940 1103210 2.2 Borrowings 242490 -2207 -22171 -1535 -62292 -44778 2.3 Other Demand and Time Liabilities 600722 29951 -64398 -55885 10399 61445 7 Bank Credit 10843448 12226 -116291 -106061 602667 588878 7.1a Growth (Per cent)   0.1 –1.1 –1.0 6.2 5.7 7a.1 Food Credit 89976 -687 33919 28722 8079 4293 7a.2 Non-food credit 10753472 12913 -150210 -134783 594588 584585 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 Jun. 4 Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 M3 18768268 19096038 162254 0.9 579354 3.4 327769 1.7 1901141 12.3 1716720 9.9 1 Components (1.1.+1.2+1.3+1.4)                         1.1 Currency with the Public 2752971 2878270 15798 0.6 194741 8.3 125300 4.6 412274 19.3 333781 13.1 1.2 Demand Deposits with Banks 1984261 1854844 35367 1.9 -142219 -8.2 -129417 –6.5 187279 13.3 259371 16.3 1.3 Time Deposits with Banks 13983686 14313042 109659 0.8 518397 4.1 329356 2.4 1284292 10.8 1120630 8.5 1.4 ‘Other’ Deposits with Reserve Bank 47351 49881 1430 3.0 8436 21.9 2530 5.3 17295 58.3 2938 6.3 2 Sources (2.1+2.2+2.3+2.4-2.5)                         2.1 Net Bank Credit to Government 5810192 5985157 162004 2.8 607353 12.2 174965 3.0 865017 18.4 417442 7.5 2.1.1 Reserve Bank 1099686 1108321 83122   191353   8636   177549   -75224   2.1.2 Other Banks 4710506 4876836 78881 1.6 416000 10.5 166329 3.5 687468 18.6 492666 11.2 2.2 Bank Credit to Commercial Sector 11610235 11494044 9721 0.1 -140775 -1.3 -116191 –1.0 636481 6.2 596175 5.5 2.2.1 Reserve Bank 8709 1964 529   -6370   -6745   -2002   -4832   2.2.2 Other Banks 11601526 11492081 9192 0.1 -134405 -1.2 -109445 –0.9 638483 6.2 601008 5.5 8. Liquidity Operations by RBI (₹ Crore) Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabi lisation 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 Pur chase 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Jun. 7, 2021 – 398908 – – 52 – – – – – – – – -398856 Jun. 8, 2021 – 383929 – – 0 – – – – – – – – -383929 Jun. 9, 2021 – 378913 – – 0 – – – – – – – – -378913 Jun. 10, 2021 – 367572 – – 0 – – – – – – – – -367572 Jun. 11, 2021 – 362304 – – 27 – – – – – – – – -362277 Jun. 12, 2021 – 2304 – – 11 – – – – – – – – -2293 Jun. 13, 2021 – 1699 – – 111 – – – – – – – – -1588 * 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 the Press Release: 2021-2022/177 dated May 07, 2021, as an additional incentive Banks are eligible to park their surplus liquidity up to the size of the COVID loan book under a special 14-day reverse repo window to be conducted on each reporting Friday at a rate which is 25 bps lower than the repo rate. 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: 2021-2022/396

The Reserve Bank of India (RBI) has imposed, by an order dated June 17, 2021 a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on The Manjeri Co-operative (Urban) Bank Ltd. No.1726, Manjeri, Malappuram District, Kerala (the bank) for contravention of / non-compliance of certain provisions of the directions issued by RBI contained in the Master Circular- Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs dated July 1, 2015 and the circular on Management of Advances – UCBs dated July 1, 2015. The penalty has been imposed on the bank in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949 (AACS) taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Background The statutory inspection of the bank was conducted by RBI based on its financial position as on March 31, 2020. The Inspection Report, revealed, inter alia, contravention of / non-compliance with the directions issued by Reserve Bank of India (RBI) on “Income Recognition, Asset Classification, Provisioning and Other related matters” and on “Management of Advances – UCBs”. Based on the same, a Notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with the directions. After considering the bank’s written reply and the oral submissions made during the personal hearing, RBI came to the conclusion that the aforesaid charges of non-compliance with the extant RBI directions were substantiated and warranted imposition of monetary penalty. (Yogesh Dayal)      Chief General Manager Press Release: 2021-2022/395

The Reserve Bank of India (RBl) has imposed, by an order dated June 18, 2021, a monetary penalty of ₹6.00 lakh (Rupees Six Lakh only) on the Parwanoo Urban Co-operative Bank Limited, Parwanoo (the bank) for non-compliance with certain directions issued by RBI contained in the Master Circular DCBR.BPD.(PCB) MC No.12/09.14.000/2015-16 dated July 01, 2015 on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’ and the Master Circular DCBR.CO.BPD.(PCB) MC No.13/13.05.000/2015-16 dated July 01, 2015 on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI. This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Background The inspection report of the bank based on its financial position as on March 31, 2019, revealed, inter alia, non-adherence with/violation of the aforesaid directions, viz., non-identification of NPAs, wrong classification of assets, inadequate provisions made due to wrong classification of assets and non-adherence to exposure norms in case of individual borrowers and group of borrowers. Based on the same, a Notice was issued to the bank advising it to show cause as to why penalty should not be imposed for violation of the said directions. After considering the bank’s reply and oral submissions made during the personal hearing, RBI came to the conclusion that the aforesaid charges of non-adherence with /violation of RBI directions were substantiated and warranted imposition of monetary penalty. (Yogesh Dayal)      Chief General Manager Press Release: 2021-2022/394

The Reserve Bank of India (RBI) has imposed, by an order dated June 18, 2021, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on Municipal Co-operative Bank Limited, Mumbai (the bank) for non-compliance with the directions issued by RBI on Maintenance of Deposit Accounts- Primary (Urban) Co-operative Banks. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI. The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Background The inspection report of the bank based on its financial position as on March 31, 2019, revealed that the bank had not conducted annual review of inoperative accounts and there had also been fraud pertaining to inoperative accounts. Based on the same, a Notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with the directions. After considering the bank’s written reply to the show cause notice and its oral submissions made during the personal hearing, RBI came to the conclusion that the aforesaid charge of non-compliance with RBI directions was substantiated and warranted imposition of monetary penalty. (Yogesh Dayal)     Chief General Manager Press Release: 2021-2022/392