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The Reserve Bank of India (RBl) has imposed, by an order dated May 10, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Shankar Nagari Sahakari Bank Limited, Nanded, Maharashtra (the bank) for contravention of/non-compliance with directions issued by the RBI to Urban Co-operative Banks 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, contravention of/non-compliance with directions issued by the Reserve Bank of India on Exposure Norms. 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 replies and 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: 2021-2022/193

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Sr. No. State Notified Amount
(₹ Cr)
Amount Accepted
(₹ Cr)
Cut off Price / Yield (%) Tenure (Yrs)
1. Andhra Pradesh 1000 1000 6.94 16
1000 1000 6.94 17
2. Haryana 1000 1000 6.79 10
3. Maharashtra 1500 1500 6.84 11
1500 1500 6.88 12
4. Mizoram 150 150 6.90 12
5. Rajasthan 500 500 6.13 5
500 500 6.77 10
6. Tamil Nadu 1500 1500 94.51/6.9297 Re-issue of 6.49% Tamil Nadu SDL 2050 issued on July 22, 2020
1500 1500 96.08/6.9301 Re-issue of 6.63% Tamil Nadu SDL 2055 issued on July 08, 2020
7. West Bengal 2000 2000 6.83 10
  Total 12150 12150    

Rupambara
Director   

Press Release: 2021-2022/191

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April 14, 2015





Dear All




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





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





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




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



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



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



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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The Reserve Bank of India has appointed Shri Jose J. Kattoor as Executive Director (ED) with effect from May 04, 2021.

Prior to being promoted as ED, Shri Jose J. Kattoor was heading Bengaluru Regional Office of the Reserve Bank as Regional Director for Karnataka.

Shri Kattoor has, over a span of three decades, served in communication, human resource management, financial inclusion, supervision, currency management and other areas in the Reserve Bank.

As Executive Director, Shri Kattoor will look after Human Resource Management Department, Corporate Strategy and Budget Department and Rajbhasha Department.

Shri Kattoor holds a Post Graduate qualification from Institute of Rural Management, Anand, Bachelor of Law from Gujarat University, and Advanced Management Program (AMP) from Wharton School of Business, Pennsylvania, besides having earned professional qualifications including Certified Associate of Indian Institute of Banking and Finance (CAIIB).

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/189

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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) 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, 09/05/2021 1 Mon, 10/05/2021 3,769.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo
3. MSF Sun, 09/05/2021 1 Mon, 10/05/2021 25.00 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 (-)]*
      -3,744.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo Sat, 08/05/2021 2 Mon, 10/05/2021 13,516.00 3.35
  Fri, 07/05/2021 3 Mon, 10/05/2021 362,190.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 07/05/2021 14 Fri, 21/05/2021 200,020.00 3.46
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF Sat, 08/05/2021 2 Mon, 10/05/2021 33.00 4.25
  Fri, 07/05/2021 3 Mon, 10/05/2021 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
D. Standing Liquidity Facility (SLF) Availed from RBI$       5,573.71  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -488,037.29  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -491,781.29  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 09/05/2021 540,030.96  
  08/05/2021 543,537.20  
     (ii) Average daily cash reserve requirement for the fortnight ending 21/05/2021 534,650.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 07/05/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 23/04/2021 726,433.00  
@ 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: 2021-2022/187

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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) 367,636.76 3.27 0.01-5.30
     I. Call Money 12,231.52 3.22 1.90-3.50
     II. Triparty Repo 242,284.15 3.28 3.15-3.37
     III. Market Repo 108,941.29 3.24 0.01-3.50
     IV. Repo in Corporate Bond 4,179.80 3.49 3.40-5.30
B. Term Segment      
     I. Notice Money** 72.60 3.08 2.00-3.28
     II. Term Money@@ 346.00 3.00-3.50
     III. Triparty Repo 300.00 3.24 3.24-3.24
     IV. Market Repo 450.00 3.15 3.15-3.15
     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, 07/05/2021 3 Mon, 10/05/2021 362,190.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 07/05/2021 14 Fri, 21/05/2021 200,020.00 3.46
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo
3. MSF Fri, 07/05/2021 3 Mon, 10/05/2021 0.00 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 (-)]*
      -562,210.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (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 (-)]*     87,655.71  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -474,554.29  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 07/05/2021 557,032.49  
     (ii) Average daily cash reserve requirement for the fortnight ending 07/05/2021 538,082.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 07/05/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 23/04/2021 726,433.00  
@ 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 : 2021-2022/186

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The Reserve Bank of India issued All Inclusive Directions to Millath Co-operative Bank Limited, Davangere, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD III.D-12 /12.23.096/2018-19 dated April 26, 2019, as modified from time to time, which were last extended up to May 7, 2021 vide Directive DOR.CO.RTG.MON.D-57/12.23.096/2020-21 dated February 05, 2021.

2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive DCBS.CO.BSD III.D-12 /12.23.096/2018-19 dated April 26, 2019 issued to Millath Co-operative Bank Limited, Davangere, Karnataka, and as modified from time to time, last being vide Directive DOR.CO.RTG.MON.D57/12.23.096/2020-21 dated February 05, 2021. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive DCBS.CO.BSD III.D-12 /12.23.096/2018-19 dated April 26, 2019, issued to Millath Co-operative Bank Limited, Davangere, Karnataka, as modified from time to time, the validity of which was last extended up to May 7, 2021 vide Directive DOR.CO.RTG.MON.D-57/12.23.096/2020- 21 dated February 05, 2021, shall continue to apply to the bank for a further period of three months from May 8, 2021 to August 7, 2021, subject to review.

3. Other terms and conditions of the Directives under reference shall remain unchanged.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/185

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(Amount in Crore of ₹)
  SCHEDULED COMMERCIAL BANKS
(Including RRBs and SFBs)
ALL SCHEDULED BANKS
24-APR-2020 09-APR-2021* 23-APR-2021* 24-APR-2020 09-APR-2021* 23-APR-2021*
I LIABILITIES TO THE BKG.SYSTEM (A)            
  a) Demand & Time deposits from bks. 243507.26 190701.59 184447.23 248986.3 195573.34 189236.76**
  b) Borrowings from banks 64521.43 47785.11 57129.8 64521.43 47795.86 57136.8
  c) Other demand & time liabilities 15717.35 17877.32 18509.28 15863.05 18078.66 18710.62
II LIABILITIES TO OTHERS (A)            
  a) Deposits (other than from banks) 13723182.02 15211453.1 15134326.08 14138077.23 15643824.35 15563669.86
  i) Demand 1455444.64 1742863.98 1727354.34 1491632.18 1781916.9 1765473.57
  ii) Time 12267737.38 13468589.14 13406971.84 12646445.05 13861907.48 13798196.4
  b) Borrowings@ 301458.6 242997.11 236480.31 305581.92 247478.4 240922.26
  c) Other demand & time liabilities 521619.76 567477.92 565467.08 533697.26 579516.35 577412.79
III BORROWINGS FROM R.B.I. (B) 288193.99 89650.18 89731 288193.99 89650.18 89731
  Against usance bills and / or prom. Notes            
IV CASH 87773.56 86542.67 93115.76 90292.09 88481.52 95199.62
V BALANCES WITH R.B.I. (B) 423731.19 535652.09 552892.93 436369.71 550183.22 567983.37
VI ASSETS WITH BANKING SYSTEM            
  a) Balances with other banks            
  i) In current accounts 17945.85 19670.02 28141.8 20294.34 22194.31 30236.43
  ii) In other accounts 143977.38 126720.57 126994.34 175077.49 158219.74 157824.13
  b) Money at call & short notice 19699.14 8703.48 10206.02 44750.82 33489.67 32104.14
  c) Advances to banks (i.e. due from bks.) 25331.47 16416.83 15130.04 26669.5 19199.76 17672.58£
  d) Other assets 60642.78 28854.31 26985.51 67453.37 31778.99 29867.87
VII INVESTMENTS (At book value) 3969645.9 4549310.09 4478542.9 4090423.49 4688270.52 4616009.02
  a) Central & State Govt. securities+ 3968352.5 4548173.99 4477362.76 4082461.32 4681054.46 4608765.04
  b) Other approved securities 1293.4 1136.11 1180.13 7962.17 7216.07 7243.98
VIII BANK CREDIT (Excluding Inter Bank Advance) 10273415.79 10888463.93 10860425.22 10604138.9 11237209.33 11207001.13
  a) Loans, cash credits & Overdrafts$ 10076434.33 10673532.7 10653572.21 10404439.2 11019887.2 10997823.24
  b) Inland Bills purchased 22510.83 30741.58 29971.1 22931.65 31125.04 30381.49
  c) Inland Bills discounted 134450.29 129693.31 126565.29 135787.73 130695.44 127563.01
  d) Foreign Bills purchased 14955.69 20112.22 20012.08 15343.61 20492.49 20320.12
  e) Foreign Bills discounted 25064.65 34384.08 30304.55 25636.72 35009.13 30913.28
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 Crore)
Date 24-Apr-20 09-Apr-21 23-Apr-21
Scheduled Commercial Banks 52643.42 49699.22 58334.89
State Co-operative Banks 30407.88 35819.17 35819.17

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:133

Ajit Prasad
Director   

Press Release: 2021-2022/184

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Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

Sr. No Treasury Bill Notified Amount
(in ₹ crore)
Auction Date Settlement date
1 91 Days 15,000 May 12, 2021
(Wednesday)
May 14, 2021
(Friday)
2 182 Days 15,000
3 364 Days 6,000
  Total 36,000    

The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018, issued by Government of India, as amended from time to time. State Governments, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount.

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, May 12, 2021, during the below given timings:

Category Timing
Competitive bids 10:30 am – 11:30 am
Non-Competitive bids 10:30 am – 11:00 am

Results will be announced on the day of the auction.

Payment by successful bidders to be made on Friday, May 14, 2021.

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. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Ajit Prasad
Director   

Press Release: 2021-2022/183

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