Category: Press Releases

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


Today, the Reserve Bank released Quarterly Statistics on Deposits and 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#!3). Data on credit and deposits disaggregated by type, are classified by states/union territories (UTs), districts, centres, population groups and bank groups. These data are collected from all SCBs (including Regional Rural Banks and Small Finance Banks) under the Basic Statistical Return (BSR) – 7 system1.

Highlights:

  • Bank credit growth (y-o-y) decelerated to 5.6 per cent in March 2021 from 6.4 per cent a year ago.

  • Combined credit by bank branches in top six centres (viz, Greater Mumbai, Delhi, Bengaluru, Chennai, Hyderabad and Kolkata, which together accounted for over 46 per cent of total bank credit) declined marginally during 2020-21; bank branches in urban, semi-urban and rural areas, on the other hand, recorded 9.4 per cent, 14.3 per cent and 14.5 per cent credit growth, respectively, during the year.

  • Public sector and private sector banks recorded 3.6 per cent and 9.1 per cent credit growth, respectively, whereas lending by foreign banks declined during 2020-21.

  • Aggregate deposits growth (y-o-y) accelerated to 12.3 per cent in March 2021 from 9.5 per cent a year ago: metropolitan branches, which account for over half of total deposits, recorded nearly 15 per cent growth during 2020-21.

  • The share of current account and savings account (CASA) deposits in total deposits increased to 44.1 per cent in March 2021 from 42.1 per cent a year ago.

  • The share of private sector banks in total deposits and credit by SCBs increased during 2020-21 at the cost of public sector banks.

  • Lower growth in credit vis-à-vis deposits led to decline in the all-India credit-deposit (C-D) ratio to 71.5 per cent in March 2021 from 76.0 per cent a year ago.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/282

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


1. Reserve Bank of India – Liabilities and Assets*
(₹ Crore)
Item 2020 2021 Variation
May 22 May 14 May 21 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government 86080 – – – -86080
4.2 State Governments 6752 10402 2656 -7746 -4095
* Data are provisional.

2. Foreign Exchange Reserves
Item As on May 21, 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 4318817 592894 -5757 2865 99865 15910 596999 102850
1.1 Foreign Currency Assets 3995492 548519 -12719 1649 71324 11825 564784 96813
1.2 Gold 275640 37841 6992 1187 27917 3961 26685 5062
1.3 SDRs 11020 1513 -16 7 156 27 144 81
1.4 Reserve Position in the IMF 36665 5021 -15 22 467 96 5387 894
*Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding as on May. 7, 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 15216862 82555 282876 103334 1332975 1366494
2.1a Growth (Per cent)   0.5 2.1 0.7 10.6 9.9
2.1.1 Demand 1719823 -7509 -172258 -141386 134039 275078
2.1.2 Time 13497039 90064 455135 244719 1198936 1091416
2.2 Borrowings 239393 2923 -14282 -4632 -64623 -55763
2.3 Other Demand and Time Liabilities 577940 20769 -80385 -78674 32948 54649
7 Bank Credit 10869487 9091 -119028 -80025 627076 617654
7.1a Growth (Per cent)   0.1 –1.1 –0.7 6.5 6.0
7a.1 Food Credit 85094 26759 17471 23840 7535 15859
7a.2 Non-food credit 10784393 -17668 -136498 -103865 619541 601795

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. 26 May 7 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 18773142 18961228 120928 0.6 409883 2.4 188086 1.0 1770031 11.5 1751381 10.2
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2757847 2839324 35382 1.3 124119 5.3 81476 3.0 356107 16.8 365456 14.8
1.2 Demand Deposits with Banks 1984261 1843584 -7395 -0.4 -172178 -9.9 -140677 –7.1 140192 9.8 278070 17.8
1.3 Time Deposits with Banks 13983686 14229425 89554 0.6 458177 3.6 245739 1.8 1264202 10.7 1097232 8.4
1.4 ‘Other’ Deposits with Reserve Bank 47347 48896 3387 7.4 -234 -0.6 1548 3.3 9530 33.2 10623 27.8
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 5692569 5973392 101450 1.7 615883 12.4 280823 4.9 974244 21.2 397147 7.1
2.1.1 Reserve Bank 982063 1153401 9350   321480   171339   427171   -160271  
2.1.2 Other Banks 4710506 4819991 92100 1.9 294403 7.4 109484 2.3 547073 14.7 557418 13.1
2.2 Bank Credit to Commercial Sector 11610050 11528102 5900 0.1 -134123 -1.2 -81948 –0.7 670934 6.6 623581 5.7
2.2.1 Reserve Bank 8524 5977 -2695   -5347   -2547   -1356   -1842  
2.2.2 Other Banks 11601526 11522126 8594 0.1 -128776 -1.2 -79401 –0.7 672290 6.6 625423 5.7

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabi lisation Scheme OMO (Outright) Long Term Repo Ope rations & Targeted Long Term Repo Ope rations# Special Long- Term Repo Ope rations 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
May 17, 2021 – 370828 – – 41 15 – – – – – 400 – -370372
May 18, 2021 – 377502 – – 108 – – – – – – – – -377394
May 19, 2021 – 364693 – – 0 – – – – – – – – -364693
May 20, 2021 – 318707 – – 175 –3927 – – – – – – – -322459
May 21, 2021 – 250181 – 200016 494 – – – 35000 – – – 5 -414708
May 22, 2021 – 9956 – – 3037 – – – – – – – – -6919
May 23, 2021 – 1213 – – 22 – – – – – – – – -1191
* 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: 2021-2022/281

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


    4.26% GS 2023* 5.85% GS 2030 6.76% GS 2061
I. Notified Amount ₹3,000 cr ₹14,000 cr ₹9,000 cr
II. Cut off Price / Implicit Yield at cut-off 99.98/4.2699% 98.97/5.9937 97.70/6.9297%
III. Amount accepted in the auction ₹3,550 cr ₹6,563.542 cr ₹9,000 cr
IV. Devolvement on Primary Dealers Nil ₹7,436.458 cr Nil
* Greenshoe of ₹550 crore has been accepted

Ajit Prasad
Director   

Press Release: 2021-2022/280

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


In the underwriting auctions conducted on May 28, 2021 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

(₹ crore)
Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate
(paise per ₹ 100)
4.26% GS 2023 3,000 1,512 1,488 3,000 0.42
5.85% GS 2030 14,000 7,014 6,986 14,000 16.23
6.76% GS 2061 9,000 4,515 4,485 9,000 13.00
Auction for the sale of securities will be held on May 28, 2021.

Ajit Prasad
Director   

Press Release: 2021-2022/279

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less




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

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹19,550 Cr. (Face Value).

Sr. No. State/ UT Amount to be raised
(₹ Cr)		 Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Yrs) Type of Auction
1. Andhra Pradesh 1000 – 19 Yield
1000 – 20 Yield
2. Bihar 2000 – 6 Yield
3. Haryana 2000 500 12 Yield
4. Jammu & Kashmir 800 – 15 Yield
5. Kerala 1000 – 13 Yield
6. Maharashtra 1500 500 10 Yield
1000 – 11 Yield
7. Nagaland 250 – 10 Yield
8. Rajasthan 1000 – 10 Yield
500 – 20 Yield
500 – Re-issue of 7.03% Rajasthan SDL 2030 issued on February 12, 2020 Price
9. Tamil Nadu 1500 – 25 Yield
1500 – 30 Yield
10. Telangana 1000 – 20 Yield
11. West Bengal 3000 – 7 Yield
  Total 19550      

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on June 01, 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 01, 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 01, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on June 02, 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 02 and June 02 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: 2021-2022/277

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less




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

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on May 28, 2021.

As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:

(₹ in crore)
Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction
4.26% GS 2023 3,000 72 72
5.85% GS 2030 14,000 334 334
6.76% GS 2061 9,000 215 215

The underwriting auction will be conducted through multiple price-based method on May 28, 2021 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 09:00 A.M. and 09:30 A.M. on the date of underwriting auction.

The underwriting commission will be credited to the current account of the respective PDs with RBI on the date of issue of securities.

Ajit Prasad
Director   

Press Release: 2021-2022/275

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


In terms of GOI notification [F.No.4(19)-W&M/2014] and Reserve Bank of India (RBI) circular IDMD.CDD.No.939/14.04.050/2015-16, dated October 30, 2015 the redemption price of Sovereign Gold Bond (SGB) is based on the simple average closing gold price of 999 purity [published by the India Bullion and Jewellers Association Ltd (IBJA)] of the week (Monday-Friday) preceding the date of redemption.

Accordingly, the redemption price for the early redemption due on May 30, 2021 shall be ₹4837/- per unit of SGB and payable on May 29, 2021 (May 30, 2021 being a Sunday).

Ajit Prasad
Director   

Press Release: 2021-2022/274

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


(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 Wed, 26/05/2021 1 Thu, 27/05/2021 32,800.00 3.35
     (iii) Special Reverse Repo~          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Wed, 26/05/2021 1 Thu, 27/05/2021 1,199.00 4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
5. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -31,601.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo Tue, 25/05/2021 2 Thu, 27/05/2021 228,648.00 3.35
     (iii) Special Reverse Repo~ Fri, 21/05/2021 14 Fri, 04/06/2021 5.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 21/05/2021 14 Fri, 04/06/2021 200,016.00 3.47
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF Tue, 25/05/2021 2 Thu, 27/05/2021 0.00 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
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
D. Standing Liquidity Facility (SLF) Availed from RBI$       1,662.00  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -344,525.00  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -376,126.00  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 26/05/2021 614,092.47  
     (ii) Average daily cash reserve requirement for the fortnight ending 04/06/2021 614,682.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 25/05/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 07/05/2021 741,854.00  
@ 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.
Ajit Prasad
Director   
Press Release: 2021-2022/273

[ad_2]

CLICK HERE TO APPLY

Leave a comment
1 … 84 85 86 87 88 … 157