RELEVANT EXTRACT This Statement sets out various developmental measures including liquidity and regulatory measures. I. Liquidity Measures 1. On Tap TLTRO Scheme – Extension of Deadline With a view to increasing the focus of liquidity measures on revival of activity in specific sectors that have
RELEVANT EXTRACT As announced in Governor’s statement of August 06, 2021, the Reserve Bank will conduct open market purchase of government securities of ₹25,000 crore on August 12, 2021 under the G-sec Acquisition Programme (G-SAP 2.0). 2. Accordingly, the Reserve Bank will purchase the following Government
RELEVANT EXTRACT It has come to the notice of Reserve Bank of India that certain elements are fraudulently using the name/ logo of Reserve Bank of India, and seeking charges/ commission/ tax from public, in transactions related to buying and selling of old banknotes and
RELEVANT EXTRACT Please refer to circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020, DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 and DOR.No.BP.BC.30/21.04.048/2020-21 dated December 14, 2020 on Opening of Current Accounts by Banks - Need for Discipline. 2. The instructions were issued vide the above circulars in order to enforce credit discipline amongst the
RELEVANT EXTRACT The Reserve Bank had earlier announced construction of a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) with March 2018 as base to capture the extent of digitisation of payments across the country. The index for March 2021 stands at 270.59 as against
RELEVANT EXTRACT A reference is invited to Paragraph 9 of the Statement on Developmental and Regulatory Policies dated April 07, 2021 wherein it was announced that the Reserve Bank shall encourage participation of non-banks in Reserve Bank of India-operated Centralised Payment Systems (CPS) viz. Real Time Gross
RELEVANT EXTRACT Please refer to paragraphs 2.2.1.2, 2.2.1.4 and paragraph 2.2.1.5 of Master Circular on Loans and Advances - Statutory and Other Restrictions dated July 01, 2015. 2. On a review, it has been decided that i) For personal loans granted to any director of other
RELEVANT EXTRACT As part of continuing efforts to increase retail participation in government securities, ‘the RBI Retail Direct’ facility was announced in the Statement of Developmental and Regulatory Policies dated February 05, 2021 for improving ease of access by retail investors through online access to the government
RELEVANT EXTRACT The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter July - September 2021, is expected to be ₹1,92,091 crore. Revision is due to addition
RELEVANT EXTRACT Please refer to our circular DBR.No.BP.BC.88/21.04.048/2014-15 dated April 23, 2015, advising banks to implement a ‘Mandatory Leave’ policy for the employees posted in sensitive positions or areas of operation. It has been decided to update these instructions and repeal the circular dated April 23,
RELEVANT EXTRACT Please refer to the circulars FIDD.MSME & NFS.BC.No.3/06.02.31/2020-21 dated July 2, 2020 on ‘Credit flow to Micro, Small and Medium Enterprises Sector’ and FIDD.MSME & NFS.BC.No.4/06.02.31/2020-21 dated August 21, 2020, on ‘New Definition of Micro, Small and Medium Enterprises- clarifications’. 2. In this connection, Ministry of
RELEVANT EXTRACT As announced in Governor’s statement of June 04, 2021, the Reserve Bank will conduct open market purchase of government securities of ₹1.2 lakh crore under the G-sec Acquisition Programme (G-SAP 2.0) in Q2:2021-22 to support the market. The first purchase of Government securities for
RELEVANT EXTRACT On a review of market conditions and market borrowing program of the government, it has been decided that benchmark securities of tenor 2-year, 3-year, 5-year, 10-year, 14-year tenor and Floating Rate Bonds (FRBs) will be, henceforth, issued using uniform price auction method. For
RELEVANT EXTRACT Please refer to Section 9 (b) of Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 3, 2016, and the Master Direction - Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016 dated May 12,
RELEVANT EXTRACT Today, the Reserve Bank released the 23rd issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the financial system in the
RELEVANT EXTRACT Preliminary data on India’s balance of payments (BoP) for the fourth quarter (Q4), i.e., January-March 2020-21, are presented in Statements I (BPM6 format) and II (old format). Key Features of India’s BoP in Q4:2020-21 India’s current account balance (CAB) recorded a deficit of US$ 8.1 billion
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