Press Releases

In terms of GOI Notifications F. No. 4(25) – W&M /2017 dated October 06, 2017 (SGB 2017-18 Series IV - Issue date October 23, 2017) and F. No. 4(22) –B(W&M) /2018 dated October 08, 2018 (SGB 2018-19 Series II-Issue date October 23, 2018)  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 tranches shall be October 23, 2024.

The Reserve Bank of India, vide directive No.CO.DOS. SED. No. S592/45-11-001/2024-25 dated April 23, 2024, had placed The Konark Urban Co-operative Bank Ltd., Ulhasnagar under Directions from the close of business on April 23, 2024 for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till close of business on January 23, 2025 as per the directive DOR.MON/D-62/12.22.805/2024-25 dated October 17, 2024, subject to review.

The result of the auction of State Government Securities held on October 22, 2024 is as under: (Amount in ₹Crore) BIHAR 2033 CHHATTISGARH 2033 GOA 2034 KARNATAKA 2035 Notified Amount 2000 1000 100 4000 Tenure 9 Re-issue of 7.46% Chhattisgarh SGS 2033 issued on February 14, 2024 10 11 Competitive Bids Received (i) No. 56 23 18 141 (ii) Amount 4750 2585 730 15490.500 Cut off Price (₹) / Yield (%) 7.11 102.09 / 7.1199 7.12 7.10 Competitive Bids Accepted (i) No. 5 6 6 14 (ii) Amount 1925.848 989.857 95.346 3724.840

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The National Co-operative Bank Ltd., Bangalore vide Directive No. BLR.DOS.SSMS.No.S836/09-01-112/2023-2024 dated July 24, 2023, for a period of six months up to close of business on January 24, 2024, as modified from time to time which were last extended up to close of business on October 24, 2024 vide Directive DOR.MON/D-34/12-23-112/2024-2025 dated July 22, 2024. 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 close of business on October 24, 2024

The Reserve Bank of India (RBI) has added the following entities/platforms/websites to the Alert List of unauthorised forex trading platforms. The updated Alert List is available here.

Sr. No. State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Bihar 2000 2000 7.11 9 2 Chhattisgarh 1000 1000 102.09 / 7.1199 Re-issue of 7.46% Chhattisgarh SGS 2033 issued on February 14, 2024 3 Goa 100 100 7.12 10 4 Karnataka 4000 4000 7.10 11 5 Tamil Nadu 1000 1000 7.00 5 Total 8100 8100

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 540,586.51 6.46 5.00-6.90 I. Call Money 9,384.15 6.50 5.10-6.90 II. Triparty Repo 373,248.65 6.46 6.30-6.85 III. Market Repo 156,933.71 6.46 5.00-6.85 IV. Repo in Corporate Bond 1,020.00 6.56 6.54 - 6.70 B. Term Segment I. Notice Money** 141.30 6.38 6.20-6.50 II. Term Money@@ 567.50 - 6.65-6.95 III. Triparty Repo 713.00 6.62 6.43-6.74 IV. Market Repo 1,042.10 6.63 6.60-6.75 V. Repo in Corporate Bond 0.00 - -

The Reserve Bank of India (RBI) has, by an order dated October 17, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Family Home Finance Private Limited, Mumbai, Maharashtra (the company) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 52A of the National Housing Bank Act, 1987.

The Reserve Bank of India (RBI) has, by an order dated October 10, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Nazareth Urban Co-operative Bank Ltd., Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms /concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹32,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.79% GS 2034 Oct 07, 2034 22,000 F.No.4(3)-B(W&M)/2024 dated October 21, 2024 October 25, 2024 (Friday) October 28, 2024 (Monday) 2 7.46% GS 2073 Nov 06, 2073 10,000 Total 32,000