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The Reserve Bank of India vide directive DOS.CO.UCBs-West/D-1/12.07.157/2020-21 dated February 03, 2021 had placed Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra under Directions from the close of business on February 03, 2021 for a period of six months. The validity of the above directions was subsequently extended till November 03, 2021. It is hereby notified for the information of the public that Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till January 03, 2022 as per the directive DOR.MON/D-45/12.07.157/2021-22 dated November 03, 2021, subject to review. All other terms and conditions of the Directive under reference shall remain unchanged. A copy of the directive dated November 03, 2021 notifying the above extension is displayed at the bank’s premises for the perusal of public. The aforesaid extension and /or modification by Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank. (Yogesh Dayal)      Chief General Manager Press Release: 2021-2022/1149

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

The following State Governments have offered to sell securities by way of auction, for an aggregate amount of ₹ 6,000 Cr. (Face Value).

Sr. No.	State	Amount to be raised (₹ Cr)	Additional Borrowing (Greenshoe) Option (₹ Cr)	Tenure (Yrs.)	Type of Auction
1	Andhra Pradesh	500	–	17	Yield
		500	–	18	Yield
2	Assam	500	–	3	Yield
		500	–	10	Yield
3	Rajasthan	500	500	10	Yield
4	Tamil Nadu	1000	–	Re-issue of 6.97% Tamil Nadu SDL 2046 Issued on May 25, 2021	Price
5	Uttar Pradesh	2500	–	10	Yield
	TOTAL	6,000

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on November 09, 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 November 09, 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 November 09, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on November 10, 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 May 10 and November 10 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: 2021-2022/1147

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 10,000 November 10, 2021 (Wednesday) November 11, 2021 (Thursday) 2 182 Days 3,000 3 364 Days 7,000   Total 20,000     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, November 10, 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 Thursday, November 11, 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: 2021-2022/1146

(Amount in Crore of ₹)   SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 23-OCT-2020 08-OCT-2021 * 22-OCT-2021 * 23-OCT-2020 08-OCT-2021 * 22-OCT-2021 * I LIABILITIES TO THE BKG.SYSTEM (A)               a) Demand & Time deposits from bks. 205540.9 166216.22 169549.83 210450.75 170518.03 173732.47 **   b) Borrowings from banks 51306.44 46837.53 60795.6 51306.44 46837.53 60795.76   c) Other demand & time liabilities 15831.5 23591.55 19828.26 16025.01 23893.56 20150.75 II LIABILITIES TO OTHERS (A)               a) Deposits (other than from banks) 14291512.09 15755866.22 15712486.07 14706547.71 16173904.6 16135350.29   i) Demand 1505253.96 1784685.86 1826768.38 1539744.65 1823519.27 1866229.94   ii) Time 12786258.13 13971180.45 13885717.74 13166803.05 14350385.42 14269120.4   b) Borrowings @ 255339.13 253400.96 256983.55 259623.41 258361.91 261631.4   c) Other demand & time liabilities 563901.26 575778.08 570766.75 574873.16 586214.25 581367.4 III BORROWINGS FROM R.B.I. (B) 115451 94399.47 93603 115451 94399.47 93603   Against usance bills and / or prom. Notes             IV CASH 84931.66 99433.86 107400.72 86989.01 101532.47 109997.75 V BALANCES WITH R.B.I. (B) 437010.25 637545.1 638588.93 449413.26 654327.91 655138.3 VI ASSETS WITH BANKING SYSTEM               a) Balances with other banks               i) In current accounts 15786.81 22589.99 30996.81 17878.57 24741.43 33214.09   ii) In other accounts 134010.5 133979.98 134408.15 164511.47 166839.62 167845.67   b) Money at call & short notice 12925.18 12553.48 13913.35 33621.32 27848.59 30115.28   c) Advances to banks (i.e. due from bks.) 21072.79 24227.64 23913.28 21515.63 24612.25 24296.72 £   d) Other assets 32167.84 25463.21 29434.9 36928.32 28370.99 32285.68 VII INVESTMENTS (At book value) 4440233.67 4691728.5 4638661.25 4570889.92 4835024.04 4780666.49   a) Central & State Govt. securities+ 4438623.23 4690645.61 4637472.39 4563080.08 4827873.57 4773441.6   b) Other approved securities 1610.44 1082.89 1188.85 7809.84 7150.47 7224.87 VIII BANK CREDIT (Excluding Inter Bank Advance) 10338867.88 11014966.84 11046293.43 10672245.65 11355689.23 11390034.72   a) Loans, cash credits & Overdrafts $ 10169808.88 10800287.25 10835115.52 10501194.69 11139016.17 11176886.22   b) Inland Bills purchased 23158.61 33686.51 32646.99 23432.28 33719.57 32678.39   c) Inland Bills discounted 100038.23 127504.71 128604.36 101041.67 128810.63 129878.36   d) Foreign Bills purchased 17239.67 20341.17 18104.87 17480.07 20495.44 18268.54   e) Foreign Bills discounted 28622.49 33147.16 31821.7 29096.93 33647.38 32323.21 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 23-Oct-20 08-Oct-21 22-Oct-21 Scheduled Commercial Banks 66659.01 62408.14 63697.47 State Co-operative Banks 30402.9 35817.5 35817.5 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:135 Ajit Prasad Director    Press Release: 2021-2022/1144

The rate of interest on the Floating Rate Bonds, 2024 (FRB 2024) applicable for the half year November 07, 2021 to May 06, 2022 shall be 3.80 percent per annum. It may be recalled that the rate of interest on the FRB, 2024 shall be reset at the average rate (rounded off up to two decimal places) of the implicit yields, at the cut-off prices of the last three auctions of Government of India 182-days Treasury Bills, held up to the period preceding the coupon reset date, which is November 07, 2021. The implicit yields will be computed by reckoning 365 days in a year. Ajit Prasad Director    Press Release: 2021-2022/1145