Press Releases

In terms of GOI Notification F.No. 4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series IX-Issue date November 27, 2017) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be May 27, 2024.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 4,000 May 29,2024 (Wednesday) May 30,2024 (Thursday) 2 182 Days 4,000 3 364 Days 4,000 Total 12,000

The Reserve Bank of India (RBI) has, by an order dated May 22, 2024, imposed a monetary penalty of ₹3,10,000/- (Rupees Three Lakh Ten Thousand only) on Hero FinCorp Limited (the company) for non-compliance with certain provisions of the ‘Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016’ issued by RBI, relating to Fair Practices Code. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause (b) of sub-section (1) of section 58G read with clause (aa) of sub-section (5) of section 58B of the Reserve Bank of India Act, 1934. 

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation May 19 May 10 May 17 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 12194 11584 17624 6039 5430 * Data are provisional; difference, if any, is due to rounding off. 

Auction Results New GS 2027 7.23% GS 2039 7.46% GS 2073 I. Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore III. Competitive Bids Received   (i)  Number 119 229 215 (ii) Amount ₹ 22888 Crore ₹ 36358.469 Crore ₹ 25787 Crore IV. Cut-off price / Yield - 101.69 104.18 (YTM: 7.02%) (YTM: 7.0437%) (YTM: 7.1510%)

The Reserve Bank of India issued Directions to Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive NGP.DOS.SSM 2.No.S1389/15-04-616/2022-2023 dated February 23, 2023, for a period of six months up to August 24, 2023 as modified from time to time which were last extended up to close of business on May 24, 2024 vide Directive DOR.MON/D-128/12.22.275/2023-24 dated February 15, 2024.

New GS 2027 7.23% GS 2039 7.46% GS 2073 I. Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore II. Cut off Price / Implicit Yield at cut-off 7.02% 101.69 / 7.0437% 104.18 / 7.1510 III. Amount accepted in the auction ₹6,000 crore ₹12,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

Tenor 3-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,39,365 Amount allotted (in ₹ crore) 1,25,008 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.56 Partial Allotment Percentage of bids received at cut off rate (%) 21.51

(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 - -

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 24, 2024, Friday, as under: Sl. No.    Notified Amount (₹ crore)    Tenor (day)    Window Timing    Date of Reversal 1    1,25,000    3    11:00 AM to 11:30 AM    May 27, 2024 (Monday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

In the underwriting auctions conducted on May 24, 2024, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:  (₹ crore) Nomenclature of the Security  Notified Amount  Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten  ACU Commission Cut-off rate (paise per ₹100) New GS 2027 6,000 3,003 2,997 6,000 0.08 7.23% GS 2039 12,000 6,006 5,994 12,000 0.09 7.46% GS 2073 11,000 5,502 5,498 11,000 0.14  Auction for the sale of securities will be held on May 24, 2024. Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/362

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@  Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 526,063.00 6.66 3.00-6.95 I. Call Money 12,123.74 6.75 5.40-6.85 II. Triparty Repo 344,387.40 6.63 6.19-6.75 III. Market Repo 168,664.86 6.71 3.00-6.90 IV. Repo in Corporate Bond 887.00 6.90 6.90-6.95

The Reserve Bank of India issued Directions to Thodupuzha Urban Co-operative Bank Ltd, Kerala under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS), vide Directive No. CO.DOS.SED.No.S3361/12-07-005/2022-2023 dated August 23, 2022, from close of business on August 23, 2022, for a period of six months, which were extended from time to time, last being up to close of business on May 23, 2024, vide Directive No. DOR.MON.D-125/12.16.051/2023-24 dated February 14, 2024.

The Reserve Bank has today released data on Reserve Money for the week ended May 17, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period April 22 – April 26, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period April 15 – April 19, 2024. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 15-04-2024 4,818 1,504 1,812 453 263 188 15,854 12,892 1,690 7,728 3,420 765 16-04-2024 5,306 2,650 799 372 307 173 18,465 15,137 2,030 7,531 2,379 506 18-04-2024 7,246 1,008 839 487 622 612 18,336 15,372 1,813 9,419 3,061 628 19-04-2024 7,316 961 766 244 324 352 15,893 18,153 2,432 8,038 2,267 282 Sales 15-04-2024 6,561 2,877 592 456 379 188 14,137 14,284 1,215 7,595 3,340 765 16-04-2024 6,140 2,342 1,547 374 457 173 16,287 16,025 2,675 7,533 2,293 507 18-04-2024 6,338 3,241 483 492 606 630 16,729 16,789 2,862 9,467 3,038 632 19-04-2024 4,388 3,896 1,002 241 303 354 13,955 18,803 3,725 8,081 2,248 280

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period April 08 – April 12, 2024.

Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY  Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 04-02-2024 7,797 1,377 736 363 283 167 17,135 14,513 1,472 6,706 3,665 862 04-03-2024 4,539 2,140 852 298 114 78 20,387 20,960 2,141 6,937 2,663 159 04-04-2024 5,292 1,069 849 248 207 148 15,882 14,809 1,901 5,838 2,343 188 04-05-2024 7,268 960 955 284 226 138 18,683 16,947 1,811 6,332 2,433 372

The 608th meeting of the Central Board of Directors of Reserve Bank of India was held today at Mumbai under the Chairmanship of Shri Shaktikanta Das, Governor.  The Board reviewed the global and domestic economic scenario, including risks to the outlook. The Board also discussed the working of the Reserve Bank during the year April 2023 – March 2024 and approved the Reserve Bank’s Annual Report and Financial Statements for the year 2023-24. The transferable surplus for the year (2023-24) has been arrived at on the basis of the Economic Capital Framework (ECF) adopted by the Reserve Bank on August 26, 2019 as per recommendations of the Expert Committee to Review the extant Economic Capital Framework of the Reserve Bank of India (Chairman: Dr. Bimal Jalan). The Committee had recommended that the risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 6.5 to 5.5 per cent of the RBI’s balance sheet.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹4000 Crore ₹4000 Crore ₹4000 Crore II. Competitive Bids Received   (i)  Number 96 85 110 (ii) Amount ₹32087.930 Crore ₹11060.390 Crore ₹18336.740 Crore III. Cut-off price / Yield 98.3200 96.6208 93.4557 (YTM:6.8536%) (YTM:7.014%) (YTM:7.0218%) IV. Competitive Bids Accepted   (i)  Number 3 31 19 (ii) Amount ₹3969.202 Crore ₹3979.525 Crore ₹3977.928 Crore V. Partial Allotment Percentage of Competitive Bids 84.12% 16.54% 69.62% (1 Bid) (1 Bid) (1 Bid) VI. Weighted Average Price/Yield 98.3212 96.6281 93.4608 (WAY: 6.8486%) (WAY: 6.9983%) (WAY: 7.0160%)