Press Releases

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹16,100 Crore (Face Value).

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 April – June 2024, is expected to be ₹2,54,040 Crore. The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts indicated by them is as under:

Today, the Reserve Bank released data relating to India’s International Investment Position  for end-December 2023[1]. [1] India’s quarterly IIP is disseminated with a lag of one quarter and the previous quarterly IIP for end-September 2023 was released in the RBI website on December 29, 2023.

The facility of exchange / deposit of ₹2000 banknotes will not be available on Monday, April 01, 2024 at the 19 Issue Offices1 of the Reserve Bank of India due to operations associated with the Annual Closing of Accounts. The facility will resume on Tuesday, April 02, 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 12,000 April 03, 2024 (Wednesday) April 04, 2024 (Thursday) 2 182 Days 7,000 3 364 Days 8,000 Total 27,000

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of March 2024 are set out in Tables 1 to 7.

Data on sectoral deployment of bank credit for the month of February 2024[1] collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the totalnon-food credit deployed by all scheduled commercial banks, are set out in Statements I and II.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 496,185.17 6.65 5.00-7.00 I. Call Money 14,998.99 6.64 5.00-6.90 II. Triparty Repo 316,548.50 6.66 6.56-6.85 III. Market Repo 164,189.68 6.64 5.25-7.00 IV. Repo in Corporate Bond 448.00 6.80 6.75-6.95

The Reserve Bank of India (RBI) has, by an order dated February 28, 2024, imposed a monetary penalty of ₹75,000/- (Rupees Seventy Five thousand only) on The Rajapalayam Co-operative Urban Bank Ltd., Rajapalayam, Tamil Nadu (the bank) for non-compliance with RBI directions on ‘Board of Directors - UCBs’ read with ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’ and ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A (1) (c) read with section 46(4)(i) and section 56 of the Banking Regulation Act, 1949.

It has been decided, in consultation with the Government of India, that the limit for Ways and Means Advances (WMA) for the first half of the financial year 2024-25 (April to September 2024) will be ₹1,50,000 crore.