The Reserve Bank of India will conduct the following Variable Rate Reverse Repo auction on December 26, 2019, Thursday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 2,60,000 1 4:00 pm to 4:30 pm December 27, 2019 (Friday)

Successful offers will get accepted at their respective offered rates.

Offers at or above the repo rate will be rejected.

Ajit Prasad
Director   

Press Release : 2019-2020/1508

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Today, the Reserve Bank released its web publication entitled ‘Statistical Tables Relating to Banks in India: 2018-19’ covering the activities of scheduled commercial banks (excluding regional rural banks). The state-wise distribution of consolidated balance sheet of rural co-operative banks are also covered.

For scheduled commercial banks, entity-wise information on major items of liabilities and assets; income and expenses; selected financial ratios; number of employees and details of priority sector advances (for Public sector banks) are provided. In addition, capital adequacy ratios (CRAR), non-performing assets (NPAs), exposure to sensitive sectors, contingent liabilities and unclaimed deposits are included.

Time series on all variables have been updated to 2018-19. The publication can be accessed on the RBI website through the link ‘Time Series Publications’ under the Database on Indian Economy (DBIE) (https://dbie.rbi.org.in).

(Yogesh Dayal)    
Chief General Manager

Press Release: 2019-2020/1505

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The Reserve Bank of India today herewith releases the 6th volume of the annual publication titled ‘Primary (Urban) Co-operative Banks’ Outlook 2018-19’. It can be accessed at https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!13 The publication has been brought out by the ‘Department of Supervision’ of the Reserve Bank of India.

The publication covers the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks for the financial year 2018-19. The publication provides aggregate information on major items of balance sheet, profit and loss account, non-performing assets, financial ratios, state-wise distribution of offices and details of priority sector advances. In addition to that, the publication provides bank-wise information of Scheduled Primary (Urban) Co-operative Banks on select financial ratios such as Capital Adequacy, Profitability, and Employee Productivity etc. The publication is being brought out in only electronic form on an annual basis on the Reserve Bank’s website through the link https://dbie.rbi.org.in/ of Database on Indian Economy (DBIE). There will be no hard copies of the publication.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2019-2020/1506

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Today, the Reserve Bank of India released the Report on Trend and Progress of Banking in India 2018-19, a statutory publication in compliance with Section 36 (2) of the Banking Regulation Act, 1949. This Report presents the performance of the banking sector, including co-operative banks, and non-banking financial institutions during 2018-19 and 2019-20 so far. The highlights of the Report are set out below:

  • The banking sector showed improvement with the gross non-performing assets (GNPA) ratio of Scheduled Commercial Banks (SCBs) declining from 11.2 per cent in March 2018 to 9.1 per cent in March 2019 and a return to profitability in H1: 2019-20.
  • This turnaround has been facilitated by a conducive policy environment underpinned by the traction in insolvency and bankruptcy code (IBC).
  • Recapitalisation of Public Sector Banks (PSBs) shored up the capital position of PSBs.
  • In the co-operative banking arena, the consolidated balance sheet of Urban Co-operative Banks (UCBs) expanded in 2018-19 on account of robust deposit growth, although, a fall in interest income adversely affected their profitability; among rural co-operatives, the financial health of state co-operative banks and district central co-operative banks weakened with an increase in the non-performing assets and slowdown in profitability.
  • The pace of credit expansion by NBFCs, which began slowing in 2018-19, continued in the first half of 2019-20, largely affected by the performance of non-deposit taking systemically important NBFCs (NBFCs-ND-SI), though capital buffers remained above the stipulated norms. Bank credit remained a stable source of funding for NBFCs.
  • The Report also offers some perspectives on the evolving outlook for India’s financial sector.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2019-2020/1504

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Shri Anand Co-operative Bank Ltd., Chinchawad, Pune, Maharashtra, was placed under directions from close of business on June 25, 2019, vide Directive No. DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, for a period of six months.

2. It is hereby notified for the information of the public that, the 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 Directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, issued to the above bank, which was valid upto December 24, 2019, shall continue to apply to the bank for a further period of three months from December 25, 2019 to March 24, 2020 vide Directive DOR.CO.AID./No.D-44/12.22.474/2019-20 dated December 23, 2019, subject to review.

3. Other terms and conditions of the directive under reference shall remain unchanged. A copy of the directive dated December 23, 2019 notifying the above extension is displayed at the bank’s premises for the perusal of public.

4. The aforesaid extension and/or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied of substantive improvement in the financial position of the bank.

(Yogesh Dayal)    
Chief General Manager

Press Release: 2019-2020/1507

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The result of the RBI Fixed Rate Repo Operations held on December 24, 2019 is as under:

Amount (Face Value in ₹ Crore)
Items 2 day Repo Operations
5.15% Fixed Rate
1. Bids received  
(i) Number 9
(ii) Amount 6,319
2. Bids accepted  
(i) Number 9
(ii) Amount 6,319

Ajit Prasad
Director   

Press Release: 2019-2020/1501

from PRESS RELEASES FROM RBI https://ift.tt/2tPQ3Ot

Tenor 14-day
Notified Amount (in ₹ crore) 26,000
Total amount of bids received (in ₹ crore) 12,050
Amount allotted (in ₹ crore) 12,050
Cut off Rate (%) 5.16
Weighted Average Rate (%) 5.17
Partial Allotment Percentage of bids received at cut off rate (%) NA

Ajit Prasad
Director   

Press Release : 2019-2020/1499

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The result of the RBI Fixed Rate Reverse Repo Operations held between 5:30 pm and 7:30 pm on December 23, 2019 is as under:

Amount (Face Value in ₹ Crore)
Items Overnight Reverse Repo Auction
4.90% Fixed Rate
1. Bids received  
(i) Number 55
(ii) Amount 19,952
2. Bids accepted  
(i) Number 55
(ii) Amount 19,952

Ajit Prasad
Director   

Press Release: 2019-2020/1497

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