Press Releases

On a review of the current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Reverse Repo (VRRR) auction on February 07, 2024, Wednesday, as under:

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 96,093 Amount accepted (in ₹ crore) 50,019 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 44.29 Ajit Prasad Director (Communications) Press Release: 2023-2024/1817

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A.  Overnight Segment (I+II+III+IV) 510,047.01 6.35 5.00-6.70 I. Call Money 10,515.66 6.46 5.00-6.56 II. Triparty Repo 327,881.25 6.29 6.12-6.40 III. Market Repo 171,200.10 6.45 6.00-6.58 IV. Repo in Corporate Bond 450.00 6.68 6.65-6.70

The Reserve Bank of India (RBI), vide order dated February 5, 2024, has cancelled the licence of “Jai Prakash Narayan Nagari Sahakari Bank Ltd., Basmathnagar, Maharashtra”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 6,2024. The Commissioner for Co-operation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka vide Directive DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20 dated January 02, 2020, for a period of six months up to July 10, 2020, as modified from time to time, which were last extended up to the close of business on February 10, 2024 vide Directive DOR.MON/D-86/12.23.283/2023-24 dated November 07, 2023. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond February 10, 2024.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 07, 2024, Wednesday, as under:

The Reserve Bank of India (RBI) has, by an order dated February 6, 2024 imposed a monetary penalty of ₹8.80 lakh (Rupees Eight lakh eighty thousand only) on Power Finance Corporation Limited, New Delhi (the company) for non-compliance with certain provisions of the RBI’s directions on ‘Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies’. 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 (RBI Act).

The result of the auction of State Government Securities held on February 06, 2024 is as under:

Sr. No. State/UT Amount to be raised (₹ Cr) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.39 5 500 500 7.49 12 1000 1000 7.49 15 500 500 7.46 17 1000 1000 7.52 19 2 Assam 1000 1000 7.52 10 3 Bihar 2000 2000 7.52 15

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 41,804 Amount accepted (in ₹ crore) 41,804 Cut off Rate (%) 6.49 Weighted Average Rate (%)

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 06, 2024, Tuesday, as under:

Tenor  1-day  Notified Amount (in ₹ crore)  75,000  Total amount of offers received (in ₹ crore)  27,538  Amount accepted (in ₹ crore)  27,538  Cut off Rate (%)  6.49  Weighted Average Rate (%)  6.49  Partial Acceptance Percentage of offers received at cut off rate  NA  Ajit Prasad Director (Communications) Press Release: 2023-2024/1806

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average RateRange A. Overnight Segment (I+II+III+IV) 516,440.39 6.32 1.00-7.50 I. Call Money 11,047.78 6.47 5.00-6.55

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹33,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (Rs. crore) GoI specific Notification

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 06, 2024, Tuesday, as under:

Tenor  4-day  Notified Amount (in ₹ crore)  50,000  Total amount of offers received (in ₹ crore)  18,750  Amount accepted (in ₹ crore)  18,750  Cut off Rate (%)  6.49  Weighted Average Rate (%)  6.49  Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1803

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on February 05, 2024, Monday, as under:

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

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 7,200.35 6.06 5.00-6.50 I. Call Money 728.30 6.10 5.65-6.50 II. Triparty Repo 6,170.70 6.09 6.00-6.21 III. Market Repo 301.35 5.50 5.00-6.00 IV. Repo in Corporate Bond

(Amount in ₹ Crore, Rate in Per cent)  MONEY MARKETS@  Volume (One Leg)  Weighted Average Rate  Range  A.  Overnight Segment (I+II+III+IV)  2,391.45  6.29  5.50-6.75  I. Call Money  842.55  6.13  5.50-6.24  II. Triparty Repo  1,073.90  6.24  5.90-6.70  III. Market Repo  50.00  6.00  6.00-6.00  IV. Repo in Corporate Bond  425.00  6.75  6.75-6.75  B.  Term Segment        I. Notice Money**  9,902.56  6.56  5.00-6.75  II. Term Money@@  478.00  -  6.65-7.50  III. Triparty Repo  331,227.90  6.32  6.05-6.70  IV. Market Repo  181,002.89  6.49  0.01-6.90  V. Repo in Corporate Bond  0.00  -  -