Press Releases

The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Ajantha Urban Co-operative Bank Maryadit, Aurangabad, Maharashtra vide Directive No. NGP.DoS.SSM 3.No. S675/ 15.03.302/2023-2024 dated August 28, 2023, for a period of six months up to the close of business on February 29, 2024, as modified from time to time, which were last extended up to the close of business on November 29, 2024 vide Directive DOR.MON.D-44/12-22-740/2024-25 dated August 20, 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 98.4070 (YTM:6.4929%) 96.7859 (YTM: 6.6599%) 93.7767 (YTM: 6.6545%) IV. Total Face Value Accepted ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 639,904.11 6.69 5.10-8.85 I. Call Money 7,965.11 6.69 5.10-6.85 II. Triparty Repo 488,228.95 6.70 6.40-6.80 III. Market Repo 142,353.35 6.67 6.10-6.85 IV. Repo in Corporate Bond 1,356.70 6.92 6.85-8.85

The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Saibaba Janata Sahakari Bank Limited, Latur vide Directive CO.DOS.

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 November 27, 2024.

Today, the Reserve Bank released the web publication ‘Deposits with Scheduled Commercial Banks – September 2024 ’ on its ‘Database on Indian Economy’ portal (https://data.rbi.org.in Homepage > Publications). Scheduled commercial banks (SCBs) {excluding regional rural banks (RRBs)} report branch-wise data on type of deposits (current, savings and term), its institutional sector wise ownership, age wise distribution of deposits pertaining to individuals, maturity pattern, size and interest rate range wise distribution of term deposits as well as number of employees in the quarterly ‘Basic Statistical Return’ (BSR) - 2 return. These data are released at disaggregated level (viz., population groups , bank groups, states, districts and centres).

Today, the Reserve Bank released its web publication entitled ‘Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs) - September 2024 ’ on its ‘Database on Indian Economy’ portal (https://data.rbi.org.in Homepage > Publications). It captures various characteristics of bank credit such as occupation/activity and organisational sector of the borrower, type of account and interest rates based on account-level reporting . Data reported by SCBs {excluding Regional Rural Banks (RRBs)} are presented for bank groups, population groups and states.

The result of the auction of State Government Securities held on November 26, 2024 is as under: (Amount in ₹Crore) ANDHRA PRADESH 2034 ANDHRA PRADESH 2040 ARUNACHAL PRADESH 2044 BIHAR 2034 Notified Amount 1000 1000 400 2000 Tenure 10 16 20 10 Competitive Bids Received (i) No. 28 37 17 26 (ii) Amount 3525 3085 1625 3020 Cut off Price (₹) / Yield (%) 7.14 7.18 7.16 7.18 Competitive Bids Accepted

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date 1 Ulhas Securities Private Limited Q-202, Coral, Parshwanath Atlantis Park, Near Balaji Agora Mall, S.P. Ring Road, Gandhinagar, Gujarat - 382424 N.01.00462 December 08, 2003 September 24, 2024 2 Sikar Investment Co Ltd Shri Ramji Sadan, 30-B, New Civil Lines, Bharatpur City, Bharatpur, Rajasthan -321001 10.00029 March 06, 1998 October 07, 2024 As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934. 

The following Six Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

Sr. No. State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price(₹)/Yield (%) Tenure (Year) 1. Andhra Pradesh 1000 1000 7.14 10 1000 1000 7.18 16 2. Arunachal Pradesh 400 400 7.16 20 3. Bihar 2000 2000 7.18 10

Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 48,957 Amount allotted (in ₹ crore) 25,006 Cut off Rate (%) 6.60 Weighted Average Rate (%) 6.62 Partial Allotment Percentage of bids received at cut off rate (%) 18.96

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on November 26, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 3 11:30 AM to 12:00 Noon November 29, 2024 (Friday) 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.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,03,016.99 6.70 5.50-7.00 I. Call Money 8,570.82 6.72 5.50-6.90 II. Triparty Repo 4,49,333.20 6.71 6.60-7.00 III. Market Repo 1,43,776.27 6.66 6.15-6.85 IV. Repo in Corporate Bond 1,336.70 6.86 6.85-6.90

The Reserve Bank of India (RBI) has, by an order dated November 20, 2024, imposed a monetary penalty of ₹2.10 Lakh (Rupees Two lakh ten thousand only) on The Lunawada Nagrik Sahakari Bank Limited, Lunawada, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’; ‘Area of Operation, Branch Authorisation Policy, Opening/Up-gradation of Extension Counters, ATMs and Shifting/Splitting/Closure of Offices’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI 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.

The Reserve Bank of India (RBI) has, by an order dated November 15, 2024, imposed a monetary penalty of ₹2.10 lakh (Rupees Two lakh ten thousand only) on The Kheda People’s Co-operative Bank Ltd., Kheda, 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’ and ‘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 conferred on RBI 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 18, 2024, imposed a monetary penalty of ₹3.00 Lakh (Rupees Three lakh only) on The Kapadwanj Peoples Co-operative Bank Limited, Kheda, Gujarat (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 ‘Interest Rate on Deposits’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act, 1949.

The Reserve Bank of India (RBl) has, by an order dated November 14, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Anandeshwari Nagrik Sahkari Bank Maryadit, Ujjain, Madhya Pradesh (the bank), for non-compliance with certain directions issued by RBI on ‘Know Your Customer’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of 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 (issue / re-issue) of three dated securities for a notified amount of ₹30,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 7.02% GS 2031 Jun 18, 2031 10,000 F.No.4(3)-B(W&M)/2024 dated November 25, 2024 November 29, 2024 (Friday) December 02, 2024 (Monday) 2 New GOI SGrB 2034 Dec 02, 2034 5,000 3 7.34% GS 2064 Apr 22, 2064 15,000 Total 30,000

The Reserve Bank of India (RBI) has, by an order dated November 14, 2024, imposed a monetary penalty of ₹25,000/- (Rupees Twenty Five Thousand only) on GPT Sons Pvt Ltd., (the company) for non-compliance with the provisions of Section 45IC of the Reserve Bank of India Act, 1934 (RBI Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58G(1) read with Section 58B(6) of RBI Act.