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The results of the auctions of New Government Stock 2023 (New Issue), 5.85% Government Stock 2030 (Re-Issue), 6.76% Government Stock 2061 (Re-Issue) held on May 14, 2021 are:

Auction Results New GS 2023* 5.85% GS 2030 6.76% GS 2061**
I. Notified Amount ₹ 3000 Crore ₹ 14000 Crore ₹ 9000 Crore
II. Underwriting Notified Amount ₹ 3000 Crore ₹ 14000 Crore ₹ 9000 Crore
III. Competitive Bids Received      
(i) Number 118 272 143
(ii) Amount ₹ 20306.5 Crore ₹ 35467 Crore ₹ 20360.40 Crore
IV. Cut-off price / Yield   0 98.44
4.26% (YTM: 0%) (YTM: 6.8740%)
V. Competitive Bids Accepted      
(i) Number 13 0 93
(ii) Amount ₹ 3085 Crore ₹ 0 Crore ₹ 9110.4 Crore
VI. Partial Allotment Percentage of Competitive Bids 0.00%
(0 Bids)
0.00%
(0 Bids)
0%
(0 Bids)
VII. Weighted Average Price/Yield 100.02 0 98.93
(WAY: 4.2496%) (WAY: 0.0000%) (WAY: 6.8375%)
VIII. Non-Competitive Bids Received      
(i) Number 3 4 4
(ii) Amount ₹ 2.268 Crore ₹ 8.124 Crore ₹ 7.563 Crore
IX. Non-Competitive Bids Accepted      
(i) Number 3 0 4
(ii) Amount ₹ 2.268 Crore ₹ 0 Crore ₹ 7.563 Crore
(iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids)
X. Amount of Underwriting accepted from primary dealers ₹ 3000 Crore ₹ 14000 Crore ₹ 9000 Crore
XI. Devolvement on Primary Dealers 0 0 0
* Green shoe amount of ₹87.268 crore has been accepted
** Green shoe amount of ₹117.963 crore has been accepted

Ajit Prasad
Director   

Press Release: 2021-2022/210

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The Reserve Bank of India releases monthly data on India’s international trade in services with a lag of around 45 days.

The value of exports and imports of services during the month of March 2021 are given in the following Table:

Table: International Trade in Services
(US$ Million)
Month Receipts (Exports) Payments (Imports)
January – 2021 17,076
(-10.1)
10,098
(-15.9)
February – 2021 17,545
(-1.0)
10,613
(-4.1)
March -2021 20,451
(12.6)
12,537
(12.8)
Notes: (i) Data are provisional.
(ii) Figures in brackets indicate growth rates based on provisional data.

Monthly data on services are provisional and would undergo revision when the Balance of Payments (BoP) data are released on a quarterly basis.

Ajit Prasad
Director   

Press Release: 2021-2022/211

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1. Reserve Bank of India – Liabilities and Assets*
(₹ Crore)
Item 2020 2021 Variation
May 8 Apr. 30 May 7 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government 134970 -134970
4.2 State Governments 5582 4506 7619 3114 2037
* Data are provisional.

2. Foreign Exchange Reserves
Item As on May 7, 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 4333343 589465 -22608 1444 114390 12481 666769 104152
1.1 Foreign Currency Assets 4017335 546493 -27802 434 93167 9800 636031 98945
1.2 Gold 268166 36480 5456 1016 20443 2599 24205 4189
1.3 SDRs 11052 1503 -117 -4 188 18 303 81
1.4 Reserve Position in the IMF 36791 4989 -146 -1 593 64 6230 938
*Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding as on Apr. 23, 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 15134326 -77127 155690 20798 1239313 1411144
2.1a Growth (Per cent)   –0.5 1.1 0.1 9.9 10.3
2.1.1 Demand 1727354 -15510 -161558 -133854 103722 271910
2.1.2 Time 13406972 -61617 317248 154652 1135590 1139234
2.2 Borrowings 236480 -6517 -7980 -7545 -68003 -64978
2.3 Other Demand and Time Liabilities 565467 -2011 -82056 -91147 33724 43847
7 Bank Credit 10860425 -28039 -97445 -89087 652470 587009
7.1a Growth (Per cent)   –0.3 –0.9 –0.8 6.8 5.7
7a.1 Food Credit 58335 8636 879 -2919 9482 5691
7a.2 Non-food credit 10802090 -36674 -98324 -86167 642988 581318

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 Apr. 23 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 18773048 18840238 -63748 -0.3 234169 1.4 67190 0.4 1655529 10.8 1806105 10.6
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2757754 2803860 15884 0.6 74917 3.2 46106 1.7 332598 15.9 379195 15.6
1.2 Demand Deposits with Banks 1984261 1851002 -15962 -0.9 -155670 -9.0 -133259 –6.7 115583 7.9 268979 17.0
1.3 Time Deposits with Banks 13983686 14139867 -62887 -0.4 313859 2.5 156182 1.1 1195437 10.1 1151992 8.9
1.4 ‘Other’ Deposits with Reserve Bank 47347 45509 -783 -1.7 1063 2.8 -1839 –3.9 11910 43.1 5939 15.0
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 5692569 5871511 -174281 -2.9 455609 9.2 178942 3.1 913001 20.3 455540 8.4
2.1.1 Reserve Bank 982063 1144052 -101991   222325   161989   371708   -70465  
2.1.2 Other Banks 4710506 4727459 -72289 -1.5 233284 5.9 16953 0.4 541293 14.8 526005 12.5
2.2 Bank Credit to Commercial Sector 11610050 11522232 -29122 -0.3 -115439 -1.0 -87819 –0.8 696394 6.8 599026 5.5
2.2.1 Reserve Bank 8524 8672   -7040   147   -2555   2546  
2.2.2 Other Banks 11601526 11513560 -29122 -0.3 -108399 -1.0 -87966 –0.8 698949 6.8 596480 5.5

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabilisation Scheme OMO (Outright) Long Term Repo Operations & Targeted Long Term Repo Operations# Special Liquidity Facility for Mutual Funds Special Liquidity Scheme for NBFCs/ HFCs** Net Injection (+)/ Absorption (-) (1+3+5+6+9+
10+11+12+13-
2-4-7-8)
Repo Reverse Repo* Variable Rate Repo Variable Rate Reverse Repo Sale Purchase
1 2 3 4 5 6 7 8 9 10 11 12 13 14
May 3, 2021 440115 10 –3500 515 -443090
May 4, 2021 457681 143 –6000 3015 -460523
May 5, 2021 440936 33 –5000 -445903
May 6, 2021 369084 0 –2628 -371712
May 7, 2021 362190 200020 0 10000 10000 -562210
May 8, 2021 13516 33 -13483
May 9, 2021 3769 25 -3744
*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), 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.
**As per RBI Notification No. 2020-21/01 dated July 01, 2020. Negative (-) sign indicates maturity proceeds received for RBI’s investment in the Special Liquidity Scheme.
& Negative (-) sign indicates repayments done by Banks.

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: 2021-2022/209

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    New 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 4.26% NA 98.44/6.8740%
III. Amount accepted in the auction ₹3,087.268 cr Nil ₹9,117.963 cr
IV. Devolvement on Primary Dealers Nil Nil Nil
* Greenshoe amount of ₹87.268 crore has been accepted
** Greenshoe amount of ₹117.963 crore has been accepted

Ajit Prasad
Director   

Press Release: 2021-2022/208

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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) 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 Thu, 13/05/2021 1 Fri, 14/05/2021 70,320.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo
3. MSF Thu, 13/05/2021 1 Fri, 14/05/2021 9,544.00 4.25
4. Long-Term Repo Operations    
5. Targeted Long Term Repo Operations
6. Targeted Long Term Repo Operations 2.0
7. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*
      -60,776.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo Wed, 12/05/2021 2 Fri, 14/05/2021 3,39,428.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 07/05/2021 14 Fri, 21/05/2021 2,00,020.00 3.46
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF Wed, 12/05/2021 2 Fri, 14/05/2021 58.00 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
D. Standing Liquidity Facility (SLF) Availed from RBI$       5,573.71  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -4,51,734.29  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -5,12,510.29  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 13/05/2021 5,14,012.95  
     (ii) Average daily cash reserve requirement for the fortnight ending 21/05/2021 5,34,650.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 12/05/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 23/04/2021 7,26,433.00  
@ 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.
Ajit Prasad
Director   
Press Release: 2021-2022/207

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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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(Amount in ₹ crore, Rate in Per cent)

  Volume
(One Leg)
Weighted
Average Rate
Range
A. Overnight Segment (I+II+III+IV) 3,85,459.73 3.27 0.01-5.30
     I. Call Money 6,847.59 3.31 1.90-3.50
     II. Triparty Repo 2,67,073.00 3.26 3.00-3.40
     III. Market Repo 1,10,520.14 3.30 0.01-3.45
     IV. Repo in Corporate Bond 1,019.00 3.61 3.42-5.30
B. Term Segment      
     I. Notice Money** 4,667.45 3.09 2.40-3.40
     II. Term Money@@ 281.00 3.15-3.40
     III. Triparty Repo 867.90 3.26 3.25-3.26
     IV. Market Repo 1,074.63 3.38 3.35-3.38
     V. Repo in Corporate Bond 3,599.00 3.54 3.52-3.58
  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, 12/05/2021 2 Fri, 14/05/2021 3,39,428.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo
3. MSF Wed, 12/05/2021 2 Fri, 14/05/2021 58.00 4.25
4. Long-Term Repo Operations    
5. Targeted Long Term Repo Operations
6. Targeted Long Term Repo Operations 2.0
7. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*
      -3,39,370.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 07/05/2021 14 Fri, 21/05/2021 2,00,020.00 3.46
  (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
D. Standing Liquidity Facility (SLF) Availed from RBI$       5,573.71  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -1,12,364.29  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -4,51,734.29  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 12/05/2021 5,70,571.48  
     (ii) Average daily cash reserve requirement for the fortnight ending 21/05/2021 5,34,650.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 12/05/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 23/04/2021 7,26,433.00  
@ 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.
Ajit Prasad
Director   
Press Release: 2021-2022/205

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Today, the Reserve Bank of India (RBI) has, vide order dated May 10, 2021 cancelled the licence of United Co-operative Bank Ltd., Bagnan, West Bengal. Consequently, the bank ceases to carry on banking business, with effect from the close of business on May 13, 2021. The Registrar of Cooperative Societies, West Bengal has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

The Reserve Bank cancelled the licence of the bank as:

  1. The bank does not have adequate capital and earning prospects. As such, it does not comply with the provisions of section 11(1) and section 22 (3) (d) read with section 56 of the Banking Regulation Act, 1949.

  2. The bank has failed to comply with the requirements of section 22 (3) (a), 22 (3) (b), 22 (3) (c), 22 (3) (d) and 22 (3) (e) read with section 56 of the Banking Regulation Act, 1949;

  3. The continuance of the bank is prejudicial to the interests of its depositors;

  4. The bank with its present financial position would be unable to pay its present depositors in full; and

  5. Public interest would be adversely affected if the bank is allowed to carry on its banking business any further.

2. Consequent to the cancellation of its licence, United Co-operative Bank Ltd., Bagnan, West Bengal is prohibited from conducting the business of ‘banking’ which includes acceptance of deposits and repayment of deposits as defined in Section 5 (b) read with Section 56 of the Banking Regulation Act, 1949 with immediate effect.

3. With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of United Co-operative Bank Ltd., Bagnan, West Bengal as per the DICGC Act, 1961 will be set in motion. As per the data submitted by the bank, all the depositors will receive full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC). On liquidation, every depositor would be entitled to receive deposit insurance claim amount in respect of his/her deposits up to a monetary ceiling of ₹5,00,000/- (Rupees Five lakh only) from the DICGC subject to the provisions of the DICGC Act, 1961.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/204

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The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from May 2021 to September 2021 as per the calendar specified below:

Sr. No. Tranche Date of Subscription Date of Issuance
1. 2021-22 Series I May 17–21, 2021 May 25, 2021
2. 2021-22 Series II May 24–28, 2021 June 01, 2021
3. 2021-22 Series III May 31-June 04, 2021 June 08, 2021
4. 2021-22 Series IV July 12-16, 2021 July 20, 2021
5. 2021-22 Series V August 09-13, 2021 August 17, 2021
6. 2021-22 Series VI August 30-September 03, 2021 September 07, 2021

The Bonds will be sold through Scheduled Commercial banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/203

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