The result of the RBI Fixed Rate Reverse Repo Operations held on December 19, 2019 is as under:

Amount (Face Value in ₹ Crore)
Items Overnight Reverse Repo Operation
4.90% Fixed Rate
1. Bids received  
(i) Number 63
(ii) Amount 19,351
2. Bids accepted  
(i) Number 63
(ii) Amount 19,351

Ajit Prasad
Director   

Press Release: 2019-2020/1470

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

The Reserve Bank of India will conduct the following Variable Rate Reverse Repo auction on December 20, 2019, Friday, 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 3 4:00 pm to 4:30 pm December 23, 2019 (Monday)

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: 2019-2020/1469

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

(Amount in Crore of ₹)
  SCHEDULED COMMERCIAL BANKS
(Including RRBs and SFBs)
ALL SCHEDULED BANKS
07-Dec-18 22-NOV-2019 * 06-DEC-2019 * 07-Dec-18 22-NOV-2019 * 06-DEC-2019 *
I LIABILITIES TO THE BKG.SYSTEM (A)            
  a) Demand & Time deposits from bks. 148290.43 179758.98 185744.55 152632.33 184451.28 190395.83 **
  b) Borrowings from banks 74064.82 61377.36 58782.74 74312.92 61404.86 58832.91
  c) Other demand & time liabilities 13176.38 12130.97 11860.18 13289.24 12294.15 11987.1
II LIABILITIES TO OTHERS (A)            
  a) Deposits (other than from banks) 11884631.52 12958473.26 13105838.96 12187444.4 13304145.59 13503832.44
  i) Demand 1200854.08 1331739.59 1379794.3 1229177.17 1363379.1 1416236.78
  ii) Time 10683777.43 11626733.75 11726044.56 10958267.23 11940766.57 12087595.56
  b) Borrowings @ 341514.01 322170.47 329057.03 345751.04 325925.57 332818.97
  c) Other demand & time liabilities 508239.62 507782.83 559194.37 517750.75 516734.72 569810.28
III BORROWINGS FROM R.B.I. (B) 90018 24246 14725 90018 24246 14725
  Against usance bills and / or prom. Notes 0 0 0 0 0 0
IV CASH 72528.52 84983.8 80049.1 74189.09 86890.01 82435.21
V BALANCES WITH R.B.I. (B) 474315.08 517461.85 540118.31 486490.89 530749.05 553890.75
VI ASSETS WITH BANKING SYSTEM            
  a) Balances with other banks            
  i) In current accounts 11636.75 13371.62 12848.64 13769.16 15760.71 15473.91
  ii) In other accounts 193928.23 215396.56 128782.15 208523.57 239230.46 153554.1
  b) Money at call & short notice 29443.36 18741.25 15265.69 45810.47 34056.58 33180.89
  c) Advances to banks (i.e. due from bks.) 31086.35 25813.84 24654.31 31741.68 29839.37 29679.87 £
  d) Other assets 27952.22 34333.79 34685.68 31962.14 41723.12 41882.11
VII INVESTMENTS (At book value) 3451858.96 3719568.45 3760637.85 3545256.58 3816900.14 3873020.46
  a) Central & State Govt. securities+ 3450649.02 3715868.22 3750720.1 3538304.2 3806709.07 3856349.38
  b) Other approved securities 1209.94 3700.24 9917.76 6952.38 10191.08 16671.1
VIII BANK CREDIT (Excluding Inter Bank Advance) 9206252.83 9860302.69 9934739.65 9478048.09 10144681.04 10252799.4
  a) Loans, cash credits & Overdrafts $ 8993934.43 9662185.74 9731605.97 9261054.08 9942858.01 10045937.71
  b) Inland Bills purchased 19449.24 23625.36 24151.84 20823.74 24350.29 24889.87
  c) Inland Bills discounted 135697.34 120352.21 125600.66 138157.65 122407.85 127575.42
  d) Foreign Bills purchased 22601.07 23072.56 21774.15 22883.28 23421.25 22207.12
  e) Foreign Bills discounted 34570.76 31066.75 31607.11 35129.33 31643.58 32189.36
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 07-Dec-18 22-Nov-19 06-Dec-19
Scheduled Commercial Banks 79445.91 91304.09 124664.01
State Co-operative Banks 23026.95 27030.37 27029.58

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:142

Ajit Prasad
Director   

Press Release : 2019-2020/1463

from PRESS RELEASES FROM RBI https://ift.tt/2Ex8n0y

Tenor Overnight
Notified Amount (in ₹ crore) 2,65,000
Total amount of offers received (in ₹ crore) 2,51,168
Amount accepted (in ₹ crore) 2,51,168
Cut off Rate (%) 5.14
Weighted Average Rate (%) 5.13
Partial Acceptance Percentage of offers received at cut off rate NA

Ajit Prasad
Director  

Press Release : 2019-2020/1464

from PRESS RELEASES FROM RBI https://ift.tt/2Z8GLIH

The result of the RBI Fixed Rate Repo Operations held on December 19, 2019 is as under:

Amount (Face Value in ₹ Crore)
Items Overnight Repo Operations
5.15% Fixed Rate
1. Bids received  
(i) Number 7
(ii) Amount 5,034
2. Bids Accepted  
(i) Number 7
(ii) Amount 5,034

Ajit Prasad
Director  

Press Release: 2019-2020/1462

from PRESS RELEASES FROM RBI https://ift.tt/2Za4OXN

Government of India has announced the sale (issue/re-issue) of Government Stock detailed below through auctions to be held on December 20, 2019.

As per revised 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:

(₹ in crore)
Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction
6.17% GS 2021 2,000 48 48
7.27% GS 2026 2,000 48 48
6.45% GS 2029 7,000 167 167
7.62% GS 2039 1,000 24 24
7.63% GS 2059 4,000 96 96

The underwriting auction will be conducted through multiple price-based method on December 20, 2019 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 09.00 A.M. and 09.45 A.M. on the date of underwriting auction.

The underwriting commission will be credited to the current account of the respective PDs with RBI on the date of issue of securities.

Ajit Prasad
Director   

Press Release: 2019-2020/1461

from PRESS RELEASES FROM RBI https://ift.tt/35CQXvE

As announced in the revised Liquidity Management Framework on August 22, 2014, Reserve Bank will conduct regular variable rate 14-day term repos four times during a reporting fortnight. Accordingly, four term repo auctions will be conducted as per the schedule given hereunder:

Sl. No. Date of Auction Notified Amount
(in ₹ Crore)
Tenor (days) Date of Reversal
1 December 20, 2019 (Friday) 26,000 14 January 3, 2020 (Friday)
2 December 24, 2019 (Tuesday) 26,000 14 January 7, 2020 (Tuesday)
3 December 27, 2019 (Friday) 26,000 14 January 10, 2020 (Friday)
4 December 31, 2019 (Tuesday) 26,000 14 January 14, 2020 (Tuesday)

2. The auctions will be conducted as per the revised guidelines issued on February 13, 2014. Successful bidders will get the allotment at their respective bids. As indicated in the ‘Term Repo under Liquidity Adjustment Facility-Operational Guidelines’ dated October 08, 2013, the RBI reserves the right to inject less than the notified amount without assigning any reasons therefor.

Ajit Prasad
Director   

Press Release: 2019-2020/1460

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