Press Releases

The Reserve Bank of India issued Directions to Saibaba Janata Sahakari Bank Limited, Latur, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive CO.DOS.SED.No.S2598/12-07-005/2022-2023 dated July 21, 2022, for a period of six months up to the close of business on January 22, 2023, as modified from time to time, which was last extended up to the close of business on November 22, 2024 vide Directive DOR.MON.D-46/12-22-705/2024-25 dated August 20, 2024.

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, the last being up to November 23, 2024, vide Directive No. DOR.MON.D-41/12.16.051/2024-25 dated August 14, 2024.

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.4154 (YTM: 6.4581%) 96.7905 (YTM: 6.6501%) 93.8070 (YTM: 6.6200%) IV. Total Face Value Accepted ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore

With a view to encourage original writings and research in Banking Hindi, Reserve Bank of India has launched a ‘Scheme for writing books originally in Hindi on Economics/Banking/Financial subjects. Under this scheme, working/retired Professors (Including Assistant and Associate Professor etc.) of Indian Universities (UGC recognized) are awarded three prizes of ₹1,25,000.00 (One lakh twenty-five thousand) each for writing books originally in Hindi on Economics/Banking/Financial subjects. Details of scheme are given in the annex. All concerned willing to participate in the scheme are requested to submit their nominations along with copies of books in the prescribed proforma to Chief General Manager, Reserve Bank of India, Rajbhasha Vibhag, Central Office, C-9, 8th Floor, Bandra Kurla Complex, Mumbai - 400 051 by December 16, 2024 by 05.00 PM or before.

(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 - -

Government of India has announced the sale (issue / re-issue) of Government Securities, as detailed below, through auctions to be held on November 22, 2024. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are 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) 574,866.77 6.38 1.25-7.20 I. Call Money 9,415.67 6.49 5.10-6.60 II. Triparty Repo 409,692.75 6.40 6.22-6.65 III. Market Repo 154,931.55 6.34 1.25-7.20 IV. Repo in Corporate Bond 826.80 6.54 6.52-6.65

Today, the  Reserve Bank released the November 2024 issue of its monthly  Bulletin. The Bulletin includes five  speeches, five articles, and current statistics. The five articles  are: I. State of the Economy; II. A Suite of Approaches for Estimating  Equilibrium Exchange Rates for India; III. Dynamic Landscape of Monetary Policy  Communication in India; IV. Agri-tech Startups and Innovations in Indian  Agriculture; and V. Seasonality in Key Economic Indicators of India.

The result of the auction of State Government Securities held on November 19, 2024 is as under: (Amount in ₹ Crore) BIHAR 2034 GOA 2034 KERALA 2031 ODISHA 2038 Notified Amount 2000 100 1249 1000 Tenure 10 10 7 14 Competitive Bids Received (i) No. 63 21 25 65 (ii) Amount 8465 770 2599 5330 Cut off Price (₹) / Yield (%) 7.13 7.13 7.08 7.15

Sr. No. State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1. Bihar 2000 2000 7.13 10 2. Goa 100 100 7.13 10 3. Kerala 1249 1249 7.08 07 4. Odisha 1000 1000 7.15 14 5. Tamil Nadu 2000 2000 7.11 10 6. Uttar Pradesh 3000 3000 7.10 08 Total 9349 9349

It has come to the notice of Reserve bank of India that fake videos of the Governor are being circulated in social media that claim launch of or support to some investment schemes by the RBI. These videos attempt to advise people to invest their money in such schemes, through use of technological tools.

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 22,565 Amount accepted (in ₹ crore) 22,565 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 595,768.93 6.28 0.01-6.60 I. Call Money 7,529.65 6.43 5.10-6.55 II. Triparty Repo 433,555.45 6.28 6.09-6.40 III. Market Repo 153,315.03 6.25 0.01-6.55 IV. Repo in Corporate Bond 1,368.80 6.53 6.45-6.60

The Reserve Bank of India (RBI), in exercise of its powers under Section 36AAA read with Section 56 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies), had superseded the Board of Directors of Abhyudaya Cooperative Bank Ltd., Mumbai, for 12 months on November 24, 2023, due to material concerns arising from poor governance standards observed within the bank.

Government of India (GOI) has announced the sale (issue / 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 November 18, 2024 November 22, 2024 (Friday) November 25, 2024 (Monday) 2 New GS 2074 Nov 25, 2074 10,000 Total 32,000

In terms of GOI Notification F.No.(25)–W&M /2017 dated October 06, 2017 (SGB 2017-18 Series VIII - Issue date November 20, 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 November 19, 2024(November 20, 2024 being a holiday).

The Reserve Bank of India (RBI) has, by an order dated November 12, 2024, imposed a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on The Mansa Nagarik Sahakari Bank Ltd., Dist. Gandhinagar, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated November 12, 2024, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on M.S. Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated November 12, 2024, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Vepar Udhyog Vikas Sahakari Bank Limited, Dist. Dahod, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Maintenance of Cash Reserve Ratio (CRR)’ and ‘Know Your Customer (KYC) norms’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated November 13, 2024, imposed a monetary penalty of ₹4.10 lakh (Rupees Four Lakh Ten Thousand only) on The National Central Co-operative Bank Ltd., Bettiah, Bihar (the bank) for contravention of provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act) and non – compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’ and ‘Master Direction - Know Your Customer (KYC) Direction, 2016’. 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 BR Act and section 25 of the Credit Information Companies (Regulation) Act, 2005.

The Reserve Bank of India (RBI) has, by an order dated November 13, 2024, imposed a monetary penalty of ₹1.25 lakh (Rupees One Lakh Twenty Five Thousand only) on The Nawadah Central Co-operative Bank Ltd., Bihar (the bank) for non-compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’ and ‘Know Your Customer (KYC)’ . This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 and section 25 of the Credit Information Companies (Regulation) Act, 2005

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 19, 2024, Tuesday, as under:

The Reserve Bank today held a Conference in Mumbai of the Directors on the Boards of Private Sector Banks on the theme ‘Transformative Governance through Sound Boards’. This is the second annual Conference organised by the Reserve Bank with the Boards of Private Sector Banks as part of a series of engagements with Boards of RBI’s Supervised Entities. The Conference had participation of over 200 Directors of Private Sector Banks, including Chairmen and Managing Directors & Chief Executive Officers.

A. Source Security 7.27% GS 2026 6.99% GS 2026 6.99% GS 2026 8.33% GS 2026 5.74% GS 2026 B. Notified Amount (amount in ₹ cr) 1,000 3,000 1,000 1,000 2,000 Destination Security 7.40% GS 2035 6.22% GS 2035 8.32% GS 2032 7.40% GS 2035 6.62% GS 2051 C. i. No. of offers received 8 12 6 1 6 ii. Total amount of Source Security offered (Face value in ₹ cr) 2,250.000 6,675.000 3,655.000 742.692 2,028.583 iii. No of offers accepted 2 4 2 1 1 iv. Total amount of source security accepted (Face value in ₹ cr) 1,000.000 3,000.000 1,000.000 742.692 2,000.000 v. Total amount of destination security issued (Face value in ₹ cr) 967.989 3,162.299 924.188 730.838 2,046.690 vi. Cut-off price (₹) / yield (%) for destination security 104.01/ 6.8663 95.20/ 6.8752 108.60/ 6.8611 104.01/ 6.8663 95.95/ 6.9541

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 45,480 Amount accepted (in ₹ crore) 45,480 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

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 - - 

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 17,964.29 6.04 5.10-6.50 I. Call Money 1,141.35 6.16 5.50-6.50 II. Triparty Repo 16,680.65 6.04 5.50-6.25 III. Market Repo 142.29 5.31 5.10-5.50 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 89.50 6.27 5.90-6.50 II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

(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 - -

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 November 18, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 11:45 AM to 12:15 PM November 19, 2024 (Tuesday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

Tenor 4-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 28,720 Amount accepted (in ₹ crore) 28,720 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,797.85 6.28 5.50-6.60 I. Call Money 871.55 6.13 5.50-6.24 II. Triparty Repo 3,528.50 6.24 5.80-6.42 III. Market Repo 0.00 - - IV. Repo in Corporate Bond 1,397.80 6.47 6.40-6.60

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Nov. 10 Nov. 1 Nov. 8 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 20013 31294 37124 5830 17111 * Data are provisional; difference, if any, is due to rounding off.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹ 9,349.00 Crore (Face Value). Sr. No. State Amount to be raised. (₹Crore) Tenure (Year) Type of Auction 1. Bihar 2000 10 Yield 2. Goa 100 10 Yield 3. Kerala 1249 07 Yield 4. Odisha 1000 14 Yield 5. Tamil Nadu 2000 10 Yield 6. Uttar Pradesh 3000 08 Yield

The Reserve Bank of India (RBI) held the Second Conference of State Registrars of Cooperative Societies (RCSs) at its New Delhi office on November 14, 2024. The event was co-chaired by RBI Deputy Governors Shri M. Rajeshwar Rao and Shri Swaminathan J. and attended by senior RBI officials. Shri Rabindra Kumar Agarwal, Additional Secretary, Ministry of Cooperation, Government of India (GoI) and Central Registrar of Co-operative Societies (CRCS), and Shri Pankaj Kumar Bansal, Additional Secretary, Ministry of Cooperation, GoI participated in the Conference along with the Registrars of Cooperative Societies from various States.

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 7,000 November 21, 2024 (Thursday) November 22, 2024 (Friday) 2 182 Days 6,000 3 364 Days 6,000 Total 19,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 18, 2024, Monday, as under

The Reserve Bank of India (RBI) has, by an order dated November 11, 2024, imposed a monetary penalty of ₹6.34 lakh (Rupees Six lakh thirty four thousand only) on The Jaynagar Mozilpur People’s Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to the Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL.

The Reserve Bank has today released data on Money Supply for the fortnight ended November 01, 2024.

The Reserve Bank of India (RBI) has, by an order dated November 12, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to the Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949

The Reserve Bank of India (RBI) has, by an order dated November 12, 2024, imposed a monetary penalty of ₹2.50 lakh (Rupees Two lakh fifty thousand only) on The Nawanagar Co-operative Bank Ltd., Jamnagar, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are interested’ and ‘Financial Statements - Presentation and Disclosures’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated November 04, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Vijapur Nagarik Sahakari Bank Ltd., Vijapur, Dist. Mehsana, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Know Your Customer’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated November 11, 2024, imposed a monetary penalty of ₹80,000 (Rupees Eighty Thousand only) on The Gauhati Co-operative Urban Bank Limited (the bank) for non-compliance with the certain directions issued by RBI on ‘Know Your Customer (KYC)’ and ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 and section 25 of the Credit Information Companies (Regulation) Act, 2005.

Auction Results 7.04% GS 2029 New GS 2039 7.09% GS 2054 I. Notified Amount ₹14,000 crore ₹13,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹14,000 crore ₹13,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 123 167 228 (ii) Amount ₹ 32891.000 Crore ₹ 36091.000 Crore ₹ 23592.384 Crore IV. Cut-off price / Yield 100.91 - 100.68 (YTM:6.8026%) (YTM:6.92%) (YTM:7.0339%) V. Competitive Bids Accepted (i) Number 62 92 130 (ii) Amount ₹ 13995.562 Crore ₹ 12997.042 Crore ₹ 9991.073 Crore VI. Partial Allotment Percentage of Competitive Bids 82.74% 75.64% 81.00% (6 Bids) (57 Bids) (11 Bids) VII. Weighted Average Price/Yield 100.95 100.05 100.75 (WAY: 6.7922%) (WAY: 6.9148%) (WAY: 7.0283%)

7.04% GS 2029 New GS 2039 7.09% GS 2054 I. Notified Amount ₹14,000 crore ₹13,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.91/6.8026% 6.92% 100.68/7.0339% III. Amount accepted in the auction ₹14,000 crore ₹13,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

Tenor 15-day Notified Amount (in ₹ crore) 1,75,000 Total amount of offers received (in ₹ crore) 8,405 Amount accepted (in ₹ crore) 8,405 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 03-Nov-2023 18-Oct-2024* 01-Nov-2024* 03-Nov-2023 18-Oct-2024* 01-Nov-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 242686.82 294002.82 290287.21 246091.59 298612.42 294777.80** b) Borrowings from banks 195603.05 130776.35 135892.91 196154.31 130806.35 136043.42 c) Other demand & time liabilities 72833.36 23257.12 24605.44 73572.48 23586.00 24940.14

The Reserve Bank of India had issued Directions to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No. DCBS.CO.BSD-I/D-7/12.22.395/2017-18 dated May 18, 2018 for a period of six months up to the close of business on November 18, 2018, which were last extended up to the close of business on November 17, 2024 vide Directive DOR.MON. D-42/12.22.395/2024-25 dated August 14, 2024.

In the underwriting auctions conducted on November 14, 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)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 570,677.51 6.36 4.00-7.00 I. Call Money 8,404.45 6.39 5.10-6.72 II. Triparty Repo 412,094.25 6.37 6.20-6.89 III. Market Repo 148,794.91 6.34 4.00-6.80 IV. Repo in Corporate Bond 1,383.90 6.43 6.40-7.00

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 14, 2024, Thursday, as under:

The Reserve Bank has today released data on Reserve Money for the week ended November 08, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹7000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 107 111 72 (ii) Amount ₹30297.610 Crore ₹19591.800 Crore ₹14514.500 Crore III. Cut-off price / Yield 98.4199 96.8051 93.8118 (YTM:6.4395%) (YTM:6.6188%) (YTM:6.6145%) IV. Competitive Bids Accepted (i) Number 30 42 39 (ii) Amount ₹6962.347 Crore ₹5980.488 Crore ₹5979.177 Crore V. Partial Allotment Percentage of Competitive Bids 4.87% 7.38% 52.34% (1 Bid) (1 Bid) (1 Bid) VI. Weighted Average Price/Yield 98.4224 96.8101 93.8221 (WAY: 6.4292%) (WAY: 6.6081%) (WAY: 6.6028%)

Today, the Reserve Bank of India (RBI) released the Report on Municipal Finances. The Report with the theme “Own Sources of Revenue Generation in Municipal Corporations: Opportunities and Challenges” presents an analysis of the budgetary data for 232 municipal corporations (MCs), which covers more than 90 per cent of total MCs in the country. It may be recalled that the Reserve Bank had released its maiden Report on Municipal Finances in November 2022 followed by a study on the Finances of Panchayati Raj Institutions in January 2024.

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.4199 (YTM:6.4395%) 96.8051 (YTM: 6.6188%) 93.8118 (YTM: 6.6145%) IV. Total Face Value Accepted ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore

The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of October 2024.

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 49,732 Amount accepted (in ₹ crore) 49,732 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

Government of India has announced the sale (issue / re-issue) of Government Securities, as detailed below, through auctions to be held on November 14, 2024. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under

SBI, HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs) under the same bucketing structure as in the 2023 list of D-SIBs. The additional Common Equity Tier 1 (CET1) requirement for these D-SIBs will be in addition to the capital conservation buffer.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 563,648.52 6.25 5.00-6.55 I. Call Money 9,244.78 6.45 5.10-6.55 II. Triparty Repo 407,466.70 6.22 5.91-6.35 III. Market Repo 145,760.14 6.32 5.00-6.50 IV. Repo in Corporate Bond 1,176.90 6.49 6.45-6.51

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹20,000 crore (face value). The security-wise details of the conversion/switch are given as under: Date of Auction Source Securities Amount (FV) of Source Securities (in ₹ crore) Destination Securities November 18, 2024 (Monday) 7.27% GS 2026 (Maturing on Apr 08, 2026) 1,000 7.40% GS 2035 (Maturing on Sep 09, 2035) 6.99% GS 2026 (Maturing on Apr 17, 2026) 3,000 6.22% GS 2035 (Maturing on Mar 16, 2035) 6.99% GS 2026 (Maturing on Apr 17, 2026) 1,000 8.32% GS 2032 (Maturing on Aug 02, 2032) 8.33% GS 2026 (Maturing on Jul 09, 2026) 1,000 7.40% GS 2035

In terms of GOI Notifications F. No. 4(25) – W&M /2017 dated October 06, 2017 (SGB 2017-18 Series VII - Issue date November 13, 2017) and F. No. 4(22) –B(W&M) /2018 dated October 08, 2018 (SGB 2018-19 Series III-Issue date November 13, 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 November 13, 2024

The Reserve Bank of India (RBI), vide order dated November 08, 2024, has cancelled the licence of “The Durga Co-operative Urban Bank Ltd., Vijayawada”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on November 12, 2024. The Commissioner for Cooperation and Registrar of Cooperative Societies, Andhra Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 13, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 10:00 AM to 10:30 AM November 14, 2024 (Thursday)

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of September 2024.

The result of the auction of State Government Securities held on November 12, 2024 is as under: (Amount in ₹Crore) GUJARAT 2031 GUJARAT 2033 HARYANA 2037 HIMACHAL PRADESH 2039 Notified Amount 1000 1000 1500 500 Tenure 7 9 13 15 Competitive Bids Received (i) No. 53 97 70 37 (ii) Amount 4570 6395 7690 3229 Cut off Price (₹) / Yield (%) 7.05 7.08 7.12 7.13

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Gujarat 1000 1000 7.05 07 1000 1000 7.08 09 2 Haryana 1500 1500 7.12 13 3 Himachal Pradesh 500 500 7.13 15 4 Jammu and Kashmir 400 400 100.43/7.0604 Re-issue of 7.17% Jammu and Kashmir SDL 2029 issued on September 18, 2019 5 Telangana 1000 1000 7.13 15 Total 5400 5400

Tenor 2-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 29,150 Amount accepted (in ₹ crore) 29,150 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 573,996.61 6.30 5.00-7.21 I. Call Money 9,449.82 6.45 5.10-6.55 II. Triparty Repo 417,572.25 6.29 5.50-6.40 III. Market Repo 145,562.64 6.32 5.00-7.21 IV. Repo in Corporate Bond 1,411.90 6.53 6.49-6.60

Government of India (GOI) has announced the sale (issue / re-issue) of three dated securities for a notified amount of ₹37,000 crore as per the following details:Sr NoSecurityDate of RepaymentNotified Amount(₹ Crore)GoI specific NotificationAuctionDateSettlement Date

The Reserve Bank of India (RBI) has, by an order dated November 05, 2024, imposed a monetary penalty of ₹50,000 (Rupees Fifty thousand only) on The Sathamba People's Co-operative Bank Ltd., Aravalli, Gujarat (the bank) 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 the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 12, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 2 10:00 AM to 10:30 AM November 14, 2024 (Thursday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

The Reserve Bank of India (RBl) has, by an order dated November 06, 2024, imposed a monetary penalty of ₹1.10 lakh (Rupees One Lakh Ten Thousand only) on Bally Co-operative Bank Ltd., Howrah, West Bengal (the bank), for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

In consultation with the Government of India and SEBI, the Reserve Bank of India has finalised an operational framework for reclassification of Foreign Portfolio Investment made by Foreign Portfolio Investors (FPI) to Foreign Direct Investment (FDI) under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 in case of any breach of the investment limit by the FPIs concerned. This would further enhance the ease of doing business in India. 

(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 - -

(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 - -

Tenor 3-day Notified Amount (in ₹ crore) 1,75,000 Total amount of offers received (in ₹ crore) 61,960 Amount accepted (in ₹ crore) 61,960 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 542,956.36 6.35 5.00-6.85 I. Call Money 11,266.68 6.44 5.10-6.55 II. Triparty Repo 376,823.20 6.37 6.26-6.85 III. Market Repo 153,624.58 6.32 5.00-6.80 IV. Repo in Corporate Bond 1,241.90 6.49 6.45-6.51

In terms of GOI Notification F.No.4(16)-W&M/2016 dated October 20, 2016 (SGB 2016-17 Series III - Issue date November 17, 2016) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds.  Accordingly, the final redemption date of the above tranche shall be November 16, 2024 (November 17, 2024 being a holiday).

In terms of GOI Notification F.No.4(8) - W&M/2017 dated April 20, 2017 (SGB 2017-18 Series I - Issue date May 12, 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 November 12, 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 November 11, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,75,000 3 10:00 AM to 10:30 AM November 14, 2024 (Thursday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

The Reserve Bank of India (RBI) has, by an order dated November 08, 2024, imposed a monetary penalty of ₹59.20 lakh (Rupees Fifty-Nine Lakh and Twenty Thousand only) on South Indian Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’ and ‘Customer Service in Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of BR Act.

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 7,000 November 13, 2024 (Wednesday) November 14, 2024 (Thursday) 2 182 Days 6,000 3 364 Days 6,000 Total 19,000

The following State Governments/UT have offered to sell stock by way of auction, for an aggregate amount of ₹ 5,400.00 Crore (Face Value). Sr. No. State/UT Amount to be raised. (₹Crore) Tenure (Year) Type of Auction 1 Gujarat 1000 07 Yield 1000 09 Yield 2 Haryana 1500 13 Yield 3 Himachal Pradesh 500 15 Yield

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Nov. 3 Oct. 25 Nov. 1 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 26781 24079 31294 7214 4513 * Data are provisional; difference, if any, is due to rounding off.

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 November 10, 2024 vide Directive DOR.MON/D-39/12.23.283/2024-25 dated August 08, 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 November 10, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period October 28 – October 31, 2024

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period October 21 – October 25, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period October 14 – October 18, 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 Purchase 14-10-2024 2,536 1,534 640 317 187 235 7,222 6,809 2,067 4,528 1,468 142 15-10-2024 5,175 1,378 1,120 502 397 410 14,247 19,420 3,323 10,502 3,027 201

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period October 07 – October 11, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period September 30 – October 04, 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 30-09-2024 1,083 738 307 251 153 192 1,800 2,840 102 1,786 563 357 01-10-2024 4,753 1,162 1,041 681 520 447 16,089 21,263 1,941 10,726 3,344 286 03-10-2024 5,845 1,766 406 709 706 479 17,465 19,609 2,452 12,030 2,704 308

Auction Results 7.02% GS 2027 7.34% GS 2064 I. Notified Amount ₹7,000 crore ₹15,000 crore II. Underwriting Notified Amount ₹7,000 crore ₹15,000 crore III. Competitive Bids Received (i) Number 133 288 (ii) Amount ₹33171.000 Crore ₹38223.000 Crore IV. Cut-off price / Yield 100.69 104.35 (YTM: 6.7184%) (YTM: 7.0130%)

7.02% GS 2027 7.34% GS 2064 I. Notified Amount ₹7,000 crore ₹15,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.69/6.7184% 104.35/7.0130% III. Amount accepted in the auction ₹7,000 crore ₹15,000 crore IV. Devolvement on Primary Dealers NIL NIL

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 58,525 Amount accepted (in ₹ crore) 50,013 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.48 Partial Acceptance Percentage of offers received at cut off rate 71.13

In the underwriting auctions conducted on November 08, 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:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 530,131.34 6.23 5.00-6.90 I. Call Money 9,683.69 6.42 5.10-6.50 II. Triparty Repo 377,853.70 6.23 6.11-6.32 III. Market Repo 141,098.95 6.23 5.00-6.90 IV. Repo in Corporate Bond 1,495.00 6.40 6.35-6.50

The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – October 25, 2024, has called on its members and other jurisdictions to refer to the statement on Democratic People’s Republic of Korea (DPRK) and Iran adopted in February 2020 which remains in effect. Further, Myanmar was added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary and FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are not disrupted. The status of Myanmar in the list of countries subject to a call for action, remains unchanged.

The Reserve Bank of India (RBI) has, by an order dated November 05, 2024, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on Sree Charan Souhardha Co-operative Bank Ltd., Bengaluru (the bank) for non-compliance with certain directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’ and specific directions issued under ‘Supervisory Action Framework’ (SAF). 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.

The Reserve Bank of India (RBI) has, by an order dated November 05, 2024, imposed a monetary penalty of ₹1,50,000/- (Rupees One Lakh Fifty Thousand only) on The Srirangam Co-operative Urban 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’ and specific directions issued under ‘Supervisory Action Framework’ (SAF). 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.

The Reserve Bank of India (RBI) has, by an order dated November 05, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Nilambur Co-operative Urban Bank Ltd., Kerala (the bank) for non-compliance with specific directions issued by RBI under Supervisory Action Framework (SAF). 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.

The Reserve Bank of India (RBI) has, by an order dated October 29, 2024, imposed a monetary penalty of ₹25,000/- (Rupees Twenty Five Thousand only) on Manvi Pattana Souharda Sahakari Bank Niyamitha, Manvi (the bank) for non-compliance with specific directions issued by RBI under Supervisory Action Framework (SAF). 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.