Press Releases

(Amount in ₹ crore)SCHEDULED COMMERCIAL BANKS(Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS21-Oct-22 06-OCT-2023* 20-OCT-2023* 21-Oct-22 06-OCT-2023*    20-OCT-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 186189.57 237269.35 239035.24 189070.38 239604.43 244239.27 **

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on November 03, 2023.

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:

(Amount in ₹ crore, Rate in Per cent)MONEY MARKETS@ Volume(One Leg) WeightedAverage Rate RangeA. Overnight Segment (I+II+III+IV)    476,194.62 6.76    5.00-7.85 I. Call Money    11,269.08 6.77 5.50-6.90

The Reserve Bank of India (RBI) has appointed Shri Manoranjan Mishra as Executive Director (ED) with effect from November 01, 2023.

Prior to being promoted as ED, Shri Mishra was serving as Chief General Manager in the Department of Regulation.

Shri Mishra has experience of over three decades in the Reserve Bank having worked in the areas of regulation of banks and NBFCs, supervision of banks and currency management. He has served as a member in several Working Groups at the national and international levels contributing to formulation of regulatory/ supervisory policies.

The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – October 2023, has called on its members and other jurisdictions to refer to the statement on Democratic People’s Republic of Korea (DPRK) and Iran adopted in February 2020 which remains in effect. Further, Myanmar was added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary and FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are not disrupted. The status of Myanmar in the list of countries subject to a call for action, remains unchanged.

The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes has been periodically published by the RBI.

2. The facility for deposit and / or exchange of the ₹2000 banknotes was available at all bank branches in the country initially upto September 30, 2023, which was later extended upto October 07, 2023.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of October 2023 are set out in Tables 1 to 7.

Highlights:

Lending Rates:

The value of exports and imports of services during September 2023 is given in the following table.International Trade in Services(US$ Million)Month    Receipts (Exports) Payments (Imports)July – 2023 26,228(8.1) 13,754(-2.2)August – 2023 28,719(8.4) 15,103(-0.8)

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of September 2023.

Shweta Sharma       
Deputy General Manager

Press Release: 2023-2024/1219

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The November 2023 round of the survey is being launched. The survey aims at capturing subjective assessments on price movements and inflation, based on their individual consumption baskets, across 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram. The survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three months ahead as well as in the one year ahead period and quantitative responses on current, three months ahead and one year ahead inflation rates. The results of this survey provide useful inputs for monetary policy.

The agency, M/s Hansa Research Group Pvt. Ltd., M

The Reserve Bank of India has been regularly conducting Consumer Confidence Survey (CCS). The November 2023 round of the survey is being launched. The survey seeks qualitative responses from households, regarding their sentiments on general economic situation, employment scenario, price level, households’ income and spending. The survey is conducted regularly in 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram. The results of this survey provide useful inputs for monetary policy.

The Reserve Bank has today released data on Reserve Money for the week ended October 27, 2023 and Money Supply for the fortnight ended October 20, 2023.

Shweta Sharma     
Deputy General Manager

Press Release: 2023-2024/1218

Auction Results    91 Days    182 Days 364 DaysI. Notified Amount ₹7000 Crore    ₹8000 Crore ₹9000 CroreII.    Competitive Bids Received (i) Number 119 148 125(ii) Amount ₹20685.235 Crore ₹27653 Crore ₹23177.419 Crore

I. T-Bill 91 days 182 days 364 daysII. Total Face Value Notified ₹7,000 Crore ₹8,000 Crore ₹9,000 CroreIII. Cut-off Price and Implicit Yield at Cut-Off Price 98.3010(YTM: 6.9325%) 96.5633

(Amount in ₹ crore, Rate in Per cent)MONEY MARKETS@ Volume(One Leg) WeightedAverage Rate RangeA. Overnight Segment (I+II+III+IV)    476,462.40 6.77    5.50-6.90

A draft circular on processing and settlement of small value export and import related payments facilitated by Online Export-Import Facilitators (OEIFs) was issued for comments on April 7, 2022, by the Foreign Exchange Department of RBI under the Foreign Exchange Management Act, 1999. As the activities of OEIFs / Online Payment Gateway Service Providers (OPGSPs) are more aligned with payments, the guidelines have been redrafted taking into consideration the feedback received on the April 07, 2022 draft circular and from the perspective of Payment Systems. It is therefore, proposed to regulate entities facilitating payment and settlement for online cross border export / import transactions as Payment Aggregators – Cross Border (PA-CB) under the Payment and Settlement Systems Act, 2007. The Reserve Bank of India (RBI) has today placed on its website the circular on Regulation of PA-CB.

The result of the auction of State Government Securities held on October 23, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2036ANDHRA PRADESH 2042JAMMU AND KASHMIR UT 2053KARNATAKA 2033 Notified Amount100010003001000 Tenure13193010 Competitive Bids Received (i) No.7223678 (ii) Amount4720317513005505

Cut-off Yield (%)7.727.667.607.69

Competitive Bids Accepted


 

(i) No.241121

(ii) Amount989.098999.965299.949982.176

Partial Allotment Percentage of Competitive Bids


 

(i) Percentage24.310899.996599.98333.8708

(ii) No.(11 bids)(1 bid)(1 bid)(7 bids)

Non-Competitive Bids Received


 

(i) No.3126

(ii) Amount10.9020.0350.05117.824

Non-Competitive Price (₹)100.14100.00100.00100.09

Data on sectoral deployment of bank credit for the month of September 20231 collected from 40 select scheduled commercial banks, accounting for about 93 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II.

On a year-on-year (y-o-y) basis, non-food bank credit2 registered a growth of 15.3 per cent in September 20233 as compared with 16.9 per cent a year ago.

Highlights of the sectoral deployment of bank credit3 are given below:

Sr. NoState/UTAmount to be raised (₹ Crore)Amount Accepted (₹ Crore)Cut off Price (₹) / Yield (%)Tenure (Year) 1Andhra Pradesh5005007.7413 5005007.7614 5005007.7218 5005007.7020

2Bihar200020007.788

3Chhattisgarh100010007.738

4Goa1001007.7310

5Haryana100010007.7512

6Jammu and Kashmir6006007.6330

7Karnataka100010007.7312

100010007.7313

8Kerala100010007.6623

9Madhya Pradesh200020007.7614

10Maharashtra2000200098.49 / 7.6790Reissue of 7.46% Maharashtra SGS 2033 issued on September 13, 2023

2000200098.10 / 7.7297Reissue of 7.47% Maharashtra SGS 2034 issued on September 13, 2023

11Punjab*12001055.5137.7710

12Rajasthan100010007.7310

100010007.7416

100010007.7020

100010007.6525

13Tamil Nadu100010007.687

14Telangana5005007.7514

100010007.6722

15Uttar Pradesh200020007.7110

TOTAL25,40025,255.513
 

*Punjab has accepted a partial amount of ₹1055.513 Crore in the 10-year security.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1208

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ 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    -    -
RBI OPERATIONS@

Auction Date    Tenor (Days)    Maturity Date    Amount    Current Rate /
Cut off Rate
C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)