Press Releases

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on September 08, 2023, Friday, as under:

Sl. No.Notified Amount
(₹ crore)Tenor (day)Window TimingDate of Reversal

150,0001410:30 AM to 11:00 AMSeptember 22, 2023
(Friday)

2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/879

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 26-Aug-22    11-AUG-2023*25-AUG-2023* 26-Aug-22    11-AUG-2023* 25-AUG-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.188767.08254229.15246284.1 191920.01    256429.72    248463.22 ** b) Borrowings from banks 44956.33190016.47199019.52 45029.33    190103.15    199143.64 c) Other demand & time liabilities

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹10000 Crore ₹8000 Crore ₹6000 CroreII. Competitive Bids Received  (i) Number 191    202    160 (ii) Amount    ₹28026.730 Crore    ₹22453 Crore ₹19693 Crore III. Cut-off price / Yield 98.3329 96.6160 93.4486 (YTM: 6.8001%) (YTM: 7.0243%)    (YTM: 7.0300%) IV. Competitive Bids Accepted    
 

I. T-Bill 91 days    182 days 364 days II. Total Face Value Notified    ₹10,000 Crore ₹8,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price    98.3329 (YTM: 6.8001%)    96.6160 (YTM: 7.0243%)    93.4486 (YTM: 7.0300%) IV. Total Face Value Accepted

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 515,942.54 6.27    0.01-6.50 I. Call Money    11,644.72    6.38    5.00-6.50 II. Triparty Repo 360,212.90 6.25 6.18-6.35 III. Market Repo 144,084.92 6.29 0.01-6.50

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to the Hiriyur Urban Co-operative Bank Ltd., Hiriyur, from the close of business on March 10, 2023 vide Directive No. BLR.DOS.SSMS. No. S2333/12-14-075/2022-2023 dated March 09, 2023 for a period of six months. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive.

Reserve Bank of India vide directive DoS.CO.SUCBs-West/S2399/12.22.159/2021-22 dated December 06, 2021 had placed Nagar Urban Co-operative Bank Ltd., Ahmednagar under Directions from the close of business on December 06, 2021 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to September 06, 2023.

Sumerpur Mercantile Urban Co-operative Bank Limited, Sumerpur, Rajasthan was placed under All-Inclusive Directions from close of business on December 06, 2022 for a period of six months, subject to review, vide Directive dated December 05, 2022. The validity of the directions was last extended vide Directive dated June 06, 2023 for three months up to September 06, 2023, subject to review.

The Reserve Bank has today released data on Reserve Money for the week ended September 01, 2023 and Money Supply for the fortnight ended August 25, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/873

The result of the auction of State Government Securities held on September 05, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2033 ANDHRA PRADESH 2040 ANDHRA PRADESH 2043    ASSAM 2033 Notified Amount 1000 1000 1000    1000 Tenure    10 17    20 10
Competitive Bids Received    

Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year)  Andhra Pradesh 1000 1000 7.44    10 1000 1000 7.44    17 1000 1000 7.40    20 2    Assam    1000    1000    7.47    10 3    Goa    100    100    7.47    10 4 Haryana    1000    1000    7.44    12

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)    Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 529,307.95 6.34    5.00-7.40 I. Call Money 11,005.70    6.44    5.00-6.55 II. Triparty Repo 353,941.50 6.31 6.15-6.42 III. Market Repo

Under India’s G20 Presidency, RBI and BIS Innovation Hub (BISIH) of the Bank for International Settlements had launched the fourth edition of the G20 TechSprint on May 4, 2023 and invited global innovators to help develop technology solutions for cross-border payments.

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹33,000 crore as per the following details: Sr No    Security Date of Repayment Notified Amount (₹ crore) GoI specific Notification Auction Date    Settlement Date 1    7.06% GS 2028

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate RangeA. 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

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 15,607.38    6.20    5.70-6.49 I. Call Money    419.20 6.00    5.70-6.20 II. Triparty Repo 13,095.35 6.22 6.00-6.49 III. Market Repo    2,092.83 6.11 6.00-6.20

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)    Weighted Average Rate RangeA. Overnight Segment (I+II+III+IV) 5,038.85    6.41    5.00-6.75 I. Call Money    469.60 5.94    5.60-6.24 II. Triparty Repo 3,168.00 6.42    5.00-6.60     III. Market Repo    535.25 6.25    6.25-6.25 

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)Weighted Average RateRange A. Overnight Segment (I+II+III+IV)523,651.866.635.00-6.80 I. Call Money8,199.306.585.00-6.75 II. Triparty Repo369,382.606.626.25-6.70 III. Market Repo146,069.966.646.25-6.80

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item    2022    2023    Variation Aug. 26    Aug. 18 Aug. 25 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments    4811 15343 16470 1127 1659  Data are provisional.
 

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹15,700 Crore (Face Value).Sr. No. State Amount to be raised
(₹ Cr) Additional Borrowing (Greenshoe) Option
(₹ Cr) Tenure (Year) Type of Auction1 Andhra Pradesh 1000-10 Yield 1000-17 Yield1000-20 Yield 2 Assam 1000-10 Yield 3 Goa 100-10 Yield 4 Haryana 1000-12 Yield 5 Himachal Pradesh 500-15 Yield 6 Maharashtra 3000 - Re issue of 7.33% Maharashtra SGS 2031 issued on May 31, 2023 Price 7 Manipur 100-12 Yield 8 Punjab 1000-11 Yield 9 Rajasthan 1000-13 Yield 1000-Reissue of 7.98% Rajasthan SDL 2042 issued on July 20, 2022 Price 10 Tamil Nadu1000-10Yield

11Telangana1000-16Yield

1500-20Yield

12Uttarakhand500-10Yield

TOTAL15,700