The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹60,000 crore (face value). The following securities will be offered for buyback

The Reserve Bank of India (RBI) has, by an order dated April 26, 2024, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Sutex Co-operative Bank Ltd., Surat, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach’ and ‘Levy of Penal Charges on Non-Maintenance of Minimum Balances in Inoperative Accounts’. 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 May 8, 2024, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. 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 current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 17, 2024, Friday, as under:

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹5200 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹Crore) Additional Borrowing (Greenshoe) Option (₹Crore) Tenure (Year) Type of Auction 1 Andhra Pradesh 1000 - 17 Yield 1000 - 20 Yield 2 Haryana 1000 - 10 Yield 3 Jammu and Kashmir 500 - 27 Yield 4 Manipur 200 - 12 Yield 5 Rajasthan 750 - 08 Yield 750 - 10 Yield Total 5200

The Reserve Bank today held a Conference in Mumbai for the Heads of Assurance Functions (i.e., Chief Compliance Officers, Chief Risk Officers and Heads of Internal Audit) of select Urban Co-operative Banks (UCBs). The Conference was attended by about 300 participants representing more than 120 UCBs. This event, with the theme ‘Resilient Financial System – Role of Effective Assurance Functions’, is a part of the series of supervisory engagements the Reserve Bank has been organising over the last one year with its Regulated Entities. As part of this series, Conference for the Heads of Assurance Functions of Scheduled Commercial Banks and Non-Banking Financial Companies were held earlier.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs)    ALL SCHEDULED BANKS 5-May-23    19-APR-2024 *    03-MAY-2024 *    5-May-23    19-APR-2024 *    03-MAY-2024 * I    LIABILITIES TO THE BKG.SYSTEM (A)    a) Demand & Time deposits from banks    243113.97    292789.19    291062.05    245662.62    297191.96    292738.77 ** b) Borrowings from banks    37219.65    172085.68    168949.53    37411.07    172085.68    171440.46 c) Other demand & time liabilities    59771.4    74776.64    76698.85    60435.9    75015.18    76967.9 

I. SUMMARY RESULTS Aggregate amount (Face Value) notified by RBI ₹ 60,000.000 crore Total amount offered (Face Value) by participants ₹ 40,595.449 crore Total amount accepted (Face Value) by RBI ₹ 2,069.999 crore II. DETAILS OF EACH SECURITY Security 6.18% GS 2024 9.15% GS 2024 6.89% GS 2025 No. of offers received 24 12 27 Total amount (Face Value) offered (₹ Crore) 26,877.161 6,479.791 7,238.497 No of offers accepted 6 2 1 Total amount (Face Value) accepted by RBI (₹ Crore) 552.999 1,513.000 4.000 Cut off price (₹) 99.61 100.98 99.86 Weighted Avg Price (₹) 99.60 100.98 99.86

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on May 17, 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) 490,995.72 6.32 4.00-6.80 I. Call Money 12,016.96 6.48 5.40-6.55 II. Triparty Repo 309,533.65 6.29 6.10-6.40 III. Market Repo 168,275.11 6.38 4.00-6.65 IV. Repo in Corporate Bond 1,170.00 6.59 6.45-6.80 B. Term Segment I. Notice Money** 160.75 6.43 5.80-6.50 II. Term Money@@ 10.00 - 6.65-6.65 III. Triparty Repo 1,001.50 6.27 6.25-6.50 IV. Market Repo 1,915.98 6.77 6.50-7.00 V. Repo in Corporate Bond 0.00 - -