Press Releases

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.

(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 - -

(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 4-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 52,969 Amount allotted (in ₹ crore) 25,005 Cut off Rate (%) 6.60 Weighted Average Rate (%) 6.60 Partial Allotment Percentage of bids received at cut off rate (%) 68.30

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on November 25, 2024, Monday, 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) 616,016.96 6.70 5.00-6.90 I. Call Money 9,109.84 6.73 5.10-6.90 II. Triparty Repo 455,748.90 6.71 6.26-6.75 III. Market Repo 150,002.42 6.65 5.00-6.90 IV. Repo in Corporate Bond 1,155.80 6.84 6.80-6.87

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹32,000.00 Crore (Face Value). Sr. No. State Amount to be raised. (₹ Crore) Tenure (Year) Type of Auction 1. Andhra Pradesh 1000 10 Yield 1000 16 Yield

The Reserve Bank of India issued Directions to Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive NGP.DOS.SSM 2.No.S1389/15-04-616/2022-2023 dated February 23, 2023, for a period of six months up to August 24, 2023 as modified from time to time which were last

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 27, 2024 (Wednesday) November 28, 2024 (Thursday) 2 182 Days 6,000 3 364 Days 6,000 Total 19,000

The Reserve Bank of India (RBI) has, by an order dated November 19, 2024 imposed a monetary penalty of ₹61.40 lakh (Rupees Sixty-one lakh and forty thousand only) on RBL Bank Limited (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 Section 46(4)(i) of the Banking Regulation Act, 1949.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Nov. 17 Nov. 8 Nov. 15 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 11817 11817 11817 4.2 State Governments 17338 37124 28634 -8490 11296 * 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 HCBL Co-operative Bank Ltd., Lucknow vide Directive No. LKO.DOS.SED.No.S842/10-12-133/2022-2023 dated February 23, 2023 for a period

As part of commemoration of the Reserve Bank of India’s 90th year since its establishment (RBI@90), a “High-Level Policy Conference of Central Banks from the Global South” was organised during November 21-22, 2024 in Mumbai. The theme of the conference was “Building Synergies” across the central banking fraternity of the Global South. This is the third international conference as part of several conferences and seminars being organised by the Reserve Bank of India during the year. The previous two international conferences on the themes ‘Digital Public Infrastructure and Emerging Technologies’ and Central Banking at Crossroads’ were organised in Bengaluru and New Delhi in the months of August and October 2024, respectively.

Auction Results 6.79% GS 2034 New GS 2074 I. Notified Amount ₹22,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹22,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 274 185 (ii) Amount ₹48506.000 Crore ₹34774.000 Crore IV. Cut-off price / Yield 99.48 - (YTM:6.8618%) (YTM:7.09%) V. Competitive Bids Accepted (i) Number 158 73 (ii) Amount ₹21994.023 Crore ₹9994.001 Crore VI. Partial Allotment Percentage of Competitive Bids 43.33% 28.57% (26 Bids) (55 Bids) VII. Weighted Average Price/Yield 99.51 100.11 (WAY: 6.8576%) (WAY: 7.0821%) VIII. Non-Competitive Bids Received (i) Number 6 4 (ii) Amount ₹5.977 Crore ₹5.999 Crore IX. Non-Competitive Bids Accepted (i) Number 6 4 (ii) Amount ₹5.977 Crore ₹5.999 Crore (iii) Partial Allotment Percentage - - X. Amount of Underwriting accepted from primary dealers ₹22,000 crore ₹10,000 crore XI. Devolvement on Primary Dealers NIL NIL

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District vide Directive BLR.DOS.SSMS.No.S2174/12-08-295/2022-23 dated February 23, 2023, for a period of six months up to August 24, 2023, as modified from time to time, which were last extended up to close of business on November 24, 2024 vide Directive DOR.MON/D-40/12.23.292/2024-25 dated August 07, 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 24, 2024.

6.79% GS 2034 New GS 2074 I. Notified Amount ₹22,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 99.48/6.8618% 7.09% III. Amount accepted in the auction ₹22,000 crore ₹10,000 crore

Tenor 6-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 35,420 Amount allotted (in ₹ crore) 25,001 Cut off Rate (%) 6.58 Weighted Average Rate (%) 6.62 Partial Allotment Percentage of bids received at cut off rate (%) 29.19

In the underwriting auctions conducted on November 22, 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) 6.79% GS 2034 22,000 11,004 10,996 22,000 0.09 New GS 2074 10,000 5,019 4,981 10,000 0.13 Auction for the sale of securities will be held on November 22, 2024.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on November 22, 2024, Friday, 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) 610,376.59 6.68 4.00-7.15 I. Call Money 8,987.68 6.62 5.10-6.90 II. Triparty Repo 444,469.60 6.70 6.50-6.90 III. Market Repo 155,682.51 6.61 4.00-7.15 IV. Repo in Corporate Bond 1,236.80 6.81 6.79-7.00

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 Rajula Nagrik Sahakari Bank Ltd., Rajula, Dist. Amreli, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are Interested’ and ‘Maintenance of Deposit Accounts – Primary (Urban) 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.

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 Karjan Nagarik Sahakari Bank Limited, Karjan, Dist. Vadodara, Gujarat (the bank) for contravention of provisions of sections 18 and 26A read with section 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 ₹1.00 lakh (Rupees One Lakh only) on The Amod Nagric Co-operative Bank Ltd., Amod, Dist. Bharuch, 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 ‘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 15, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Vijay Commercial Co-operative Bank Ltd., Rajkot, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘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) and the Maldives Monetary Authority (MMA) signed a Memorandum of Understanding (MoU) today in Mumbai for establishing a framework to promote the use of local currencies viz., the Indian Rupee (INR) and the Maldivian Rufiyaa (MVR) for cross-border transactions. The MoU was signed by the Governor, Reserve Bank of India, Shri Shaktikanta Das and the Governor, Maldives Monetary Authority, Mr. Ahmed Munawar.

The Reserve Bank of India (RBI) has, by an order dated November 13, 2024, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Sundargarh District Central Co-operative Bank Ltd., Odisha (the bank) for contravention of provisions of sections 20 and 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC) norms’. This penalty has been imposed in exercise of powers vested in RBI, conferred under provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank has today released data on Reserve Money for the week ended November 15, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹7000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 102 68 72 (ii) Amount ₹ 27212.175 Crore ₹ 10920.150 Crore ₹ 16105.450 Crore

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