Press Releases

The framework on countercyclical capital buffer (CCyB) was put in place by the Reserve Bank in terms of guidelines issued on February 5, 2015 wherein it was advised that CCyB would be activated as and when circumstances warranted, and that the decision would normally be pre-announced. The framework envisages credit-to-GDP gap as the main indicator, which may be used in conjunction with other supplementary indicators.

Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Chhattisgarh 1000 1000 100.30/ 6.4283 Re-issue of 6.53% Chhattisgarh SDL 2028, issued on September 15, 2021 2. Tamil Nadu 1000 1000 6.71 10 3. Telangana 1000 1000 6.84 31

@(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

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) 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 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 9,564 Amount allotted (in ₹ crore) 9,564 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 Partial Allotment Percentage of bids received at cut off rate (%) NA

The Reserve Bank of India vide directive CO.DOS.SED. No. S370/45-11-001/2024-2025 dated April 15, 2024, had placed Sarvodaya Co-operative Bank Ltd., Mumbai under Directions for a period of six months up to the close of business on October 15, 2024, which was modified from time to time and was last extended up to close of business on April 15, 2025.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,26,258.32 5.75 1.00-6.90 I. Call Money 14,691.71 5.79 5.00-6.00 II. Triparty Repo 3,94,644.55 5.73 5.00-5.85 III. Market Repo 2,15,303.06 5.76 1.00-6.90 IV. Repo in Corporate Bond 1,619.00 5.95 5.94-5.95

The Reserve Bank is committed to achieving end-to-end digitization of all internal workflows involved in regulatory approval processes to enhance efficiency, transparency, and timeliness in service delivery. To this end, the Reserve Bank had launched PRAVAAH (Platform for Regulatory Application, Validation And AutHorisation) portal on May 28, 2024 to streamline online applications for regulatory authorisations, licenses, and approvals ensuring seamless, secure and faster delivery of services in a transparent manner.

In terms of GOI Notification F.No.4 (7) – B (W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series V-Issue date October 15, 2019) 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 April 15, 2025.

Government of India (GOI) has announced the sale (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 6.79% GS 2031 Dec 30, 2031 11,000 F.No.4(1)-B(W&M)/2025 dated April 11, 2025 April 17, 2025 (Thursday) April 21, 2025 (Monday) 2 6.98% GOI SGrB 2054 Dec 16, 2054 5,000 3 7.09% GS 2074 Nov 25, 2074 14,000 Total 30,000

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to National Urban Co-operative Bank Ltd., Pratapgarh, Uttar Pradesh vide Directive CO.DOS.SED.No.S369/45-11-001/2024-25 dated April 15, 2024, for a period of six months up to October 15, 2024, as modified from time to time, which were last extended up to close of business on April 15, 2025, vide Directive DOR.MON/D-89/12.28.017/2024-25 dated January 07, 2025. 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 the close of business on April 15, 2025.

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 9,000 April 16, 2025 (Wednesday) April 17, 2025 (Thursday) 2 182 Days 5,000 3 364 Days 5,000 Total 19,000

On a review of current and evolving liquidity conditions, the Reserve Bank has decided to conduct a 43-day Variable Rate Repo (VRR) auction on April 17, 2025, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 43 12:00 Noon to 12:30 PM May 30, 2025 (Friday)

On a review of current and evolving liquidity conditions, the Reserve Bank has decided to conduct an OMO purchase auction of Government of India securities for an aggregate amount of ₹40,000 crore to be held on April 17, 2025. This auction will be in addition to the auctions announced by the Reserve Bank vide Press Release 2025-26/4 dated April 01, 2025. 2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method:

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Apr. 5 Mar. 28 Apr. 4 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 17380 26284 38299 12016 20919 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 6.92% GS 2039 New GS 2065 I. Notified Amount ₹16,000 crore ₹16,000 crore II. Underwriting Notified Amount ₹16,000 crore ₹16,000 crore III. Competitive Bids Received (i) Number 304 252 (ii) Amount ₹41,435.600 crore ₹50,999.000 crore

The Reserve Bank of India (RBI), vide order dated April 09, 2025, has cancelled the licence of “Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on April 11, 2025. The 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.

6.92% GS 2039 New GS 2065 I. Notified Amount ₹16,000 crore ₹16,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 103.36/6.5579% 6.90% III. Amount accepted in the auction ₹16,000 crore ₹16,000 crore IV. Devolvement on Primary Dealers NIL NIL

The Reserve Bank of India has launched the 69th round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period January – March 2025 (Q4:2024-25). The Reserve Bank has been conducting the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008. The information collected in the survey includes quantitative data on new orders received during the reference quarter, backlog of orders at the beginning of the quarter, pending orders at the end of the quarter, total inventories with a breakup between finished goods (FG), work

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 March 2025.

Tenor 4-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 14,317 Amount allotted (in ₹ crore) 14,317 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 Partial Allotment Percentage of bids 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 - -

In the underwriting auction conducted on April 11, 2025, 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) 6,28,278.22 5.80 1.00-6.95 I. Call Money 14,256.06 5.91 5.00-6.10 II. Triparty Repo 3,97,245.15 5.76 5.52-5.92 III. Market Repo 2,15,209.76 5.86 1.00-6.95 IV. Repo in Corporate Bond 1,567.25 6.08 6.05-6.40

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹3,000 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹Crore) Tenure (Year) Type of Auction 1. Chhattisgarh 1000 Re-issue of 6.53% Chhattisgarh SDL 2028, issued on September 15, 2021 Price 2. Tamil Nadu 1000 10 Yield 3. Telangana 1000 31 Yield Total 3000 The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 15, 2025 (Tuesday

The Reserve Bank of India has imposed a monetary penalty of Rs. 3,20,000/- (Rupees Three Lakhs Twenty Thousand only) on Citibank N.A. in exercise of powers vested in the Reserve Bank under the provisions of Section 11(3) of FEMA, 1999, for not undertaking due diligence while processing the inward remittances from a Foreign Currency Account opened by a constituent, resulting in contravention of Section 10 (4) of FEMA, 1999.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The Reserve Bank of India (RBI) has been operating the Regulatory Sandbox (RS) framework since 2019, as part of which four thematic cohorts have been announced and completed till date. Based on the experience gained and feedback received from stakeholders, an ‘On Tap’ application facility for themes of closed cohorts was announced in October 2021.

The Reserve Bank has today released data on Reserve Money for the week ended April 04, 2025.

The Reserve Bank of India today released on its website the results of the following Surveys: i. Consumer Confidence Survey (CCS) – March 2025 ii. Inflation Expectations Survey of Households (IESH) – March 2025 iii. Rural Consumer Confidence Survey (RCCS) – March 2025 iv. OBICUS Survey on manufacturing sector – Q3:2024-25 v. Industrial Outlook Survey of the Manufacturing Sector for Q4:2024-25 vi. Survey of Professional Forecasters on Macroeconomic Indicators – Round 93rd vii. Bank Lending Survey for Q4:2024-25 viii. Services and Infrastructure Outlook Survey for Q4:2024-25

The Certificate of Registration issued to the following Non-Banking Financial Company (NBFCs) has been restored after considering the orders passed by the Appellate Authority/Courts. The NBFC is advised to adhere to the applicable provisions of the RBI Act, 1934, and

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.

The following 11 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.

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies today, the Reserve Bank has released the draft Directions on the following subjects: i) Reserve Bank of India (Securitisation of Stressed Assets) Directions, 2025 ii) Reserve Bank of India (Co-Lending Arrangements) Directions, 2025 iii) Reserve Bank of India (Lending Against Gold Collateral) Directions, 2025 iv) Reserve Bank of India (Non-Fund Based Credit Facilities) Directions, 2025

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore II. Competitive Bids Received (i) Number 102 87 120 (ii) Amount ₹27662.300 Crore ₹23034.500 Crore ₹42471.700 Crore III. Cut-off price / Yield 98.5189 97.0489 94.2762 (YTM: 6.0300%) (YTM: 6.0984%) (YTM: 6.0880%)

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.5189 (YTM:6.0300%) 97.0489 (YTM: 6.0984%) 94.2762 (YTM: 6.0880%)

The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Karmala Urban Co-operative Bank Ltd., Solapur vide Directive CO.DOS.SED No.S2729/12-07-005/2022-23 dated July 29, 2022 for a period of six months up to the close of business on January 29, 2023. The same were modified from time to time and were last extended up to the close of business on April 29, 2025.

Tenor 2-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 19,295 Amount allotted (in ₹ crore) 19,295 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.02 Partial Allotment Percentage of bids 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 April 11, 2025 (Friday).

This Statement sets out various developmental and regulatory policy measures relating to (i) Regulations; (ii) Payment Systems; and (iii) Fintech. I.    Regulations 1.    Securitisation of Stressed Assets Framework A prudentially structured securitisation transaction can be an enabler for resolution of stressed assets as it is expected to improve risk distribution and provide an exit route from such exposures for lenders. With this objective, RBI had released a discussion paper on Securitisation of Stressed Assets Framework in January 2023, to seek comments 

This was the 54th meeting overall and the first meeting in the financial year 2025-26 of the MPC. The year has begun on an anxious note for the global economy. Some of the concerns on trade frictions are coming true, unsettling the global community. We, at the Reserve Bank, while remaining alert to these global developments, began the year celebrating the completion of 90 years of this august institution since its establishment on 1st April, 1935. The Reserve Bank’s journey over the last nine decades is closely intertwined with the nation’s development and progress. As a custodian of monetary and financial stability, the Reserve Bank has evolved over the years into a full-service central bank with varied functions facilitating a market economy.

Monetary Policy Decisions The Monetary Policy Committee (MPC) held its 54th meeting from April 7 to 9, 2025 under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India. The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Rajiv Ranjan, and Shri M. Rajeshwar Rao attended the meeting.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,55,461.23 6.10 3.50-6.40 I. Call Money 14,970.37 6.15 5.15-6.25 II. Triparty Repo 4,18,997.90 6.06 5.85-6.15 III. Market Repo 2,19,925.71 6.17 3.50-6.35 IV. Repo in Corporate Bond 1,567.25 6.37 6.35-6.40

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The result of the auction of State Government Securities held on April 08, 2025, is as under: (Amount in ₹ Crore) HARYANA SGS 2039 JAMMUKASHMIR SGS 2042 TELANGANA SGS 2047 TELANGANA SGS 2055 Notified Amount 1000 500 1000 1000 Tenure 14 17 22 30 Competitive Bids Received (i) No. 69 25 20 13 (ii) Amount 5780 2777.250 3425 3460 Cut off Yield (%) 6.81 6.83 6.87 6.87 Competitive Bids Accepted (i) No. 1 1 1 1 (ii) Amount 904.783 499.994 979.817 999.786 Partial Allotment Percentage of Competitive Bids (i) Percentage 90.48 100.00 97.98 99.98 (ii) No. (1 bid) (1 bid) (1 bid) (1 bid) Non - Competitive Bids Received (i) No. 7 2 4 2

I. Summary OMO Purchase Results Aggregate Amount (Face value) notified by RBI : 20,000 crore Total amount offered (Face value) by participants : 70,144 crore Total amount accepted (Face value) by RBI : 20,000 crore

Security 6.54% GS 2032 8.24% GS 2033 7.73% GS 2034 7.54% GS 2036 7.23% GS 2039 Total amount notified Aggregate amount of ₹20,000 crore (no security-wise notified amount) Total amount (face value) accepted by RBI (₹ in crore) 5,755 1,985 2,859 3,000 6,401 Cut off yield (%) 6.5117 6.5841 6.6058 6.6582 6.6375 Cut off price (₹) 100.14 110.72 107.94 106.84 105.35

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1. Haryana 1000 1000 6.81 14 2. Jammu and Kashmir 500 500 6.83 17 3. Telangana 1000 1000 6.87 22 1000 1000 6.87 30 3500 3500