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 July 2025.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 19, 2025 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under:

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 06-Sep-2024 22-Aug-2025* 05-Sep-2025* 06-Sep-2024 22-Aug-2025* 05-Sep-2025* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 298116.19 346928.84 322142.98 302401.77 354508.87 329710.26** b) Borrowings from banks 128865.30 100383.06 96816.68 129153.89 100411.43 96885.30 c) Other demand & time liabilities 23518.75 24498.34 28046.56 23846.90 25023.28 28547.67 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 21550315.52 23504534.61 23669753.44 22002066.95 23999553.75 24165517.81 i) Demand 2457243.56 2889394.78 2892106.55 2505648.23 2939197.45 2943330.22 ii) Time 19093071.95 20615139.83 20777646.89 19496418.71 21060356.30 21222187.60 b) Borrowings @ 843672.46 862408.87 816469.05 847826.98 866787.67 820798.87 c) Other demand & time liabilities 1052347.33 1033325.08 1115663.05 1066192.83 1047572.60 1131645.50 III BORROWINGS FROM R.B.I. (B) 7740.00 1818.00 3936.00 7740.00 1818.00 3936.00

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 45,783 Amount allotted (in ₹ crore) 25,006

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Thursday, September 18, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 1 10:15 AM to 10:45 AM September 19, 2025 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,62,665.77 5.45 3.00-6.55 I. Call Money 22,370.32 5.47 4.75-5.65 II. Triparty Repo 4,37,538.75 5.44 5.20-5.75 III. Market Repo 1,99,471.15 5.45 3.00-5.75 IV. Repo in Corporate Bond 3,285.55 5.66 5.55-6.55 B. Term Segment I. Notice Money** 349.30 5.36 5.00-5.45

The Reserve Bank has today released data on Reserve Money for the week ended September 12, 2025 and Money Supply for the fortnight ended September 05, 2025.

In continuation of the Framework for Formulation of Regulations , the Reserve Bank of India has decided to strengthen the institutional mechanism for review of regulations and has constituted a Regulatory Review Cell (RRC). 2. The mandate of the RRC is to ensure that all the regulations issued by the Bank are subject to a comprehensive and systematic internal review every 5 to 7 years. The RRC shall be set up in the Department of Regulation effect from October 1, 2025 and would undertake the review of regulations in a phased manner.

Auction Results 91-Day 182-Day 364-Day I. Notified Amount 10,000 6,000 5,000 II. Competitive Bids Received (i) Number 133 69 93 (ii) Amount 29,662.850 20,776.150 20,900.700

I. T-Bill 91-Day 182-Day 364-Day II. Total Face Value Notified ₹10,000 Crore ₹6,000 Crore ₹5,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.6479 (YTM:5.4976%) 97.2814 (YTM: 5.6045%) 94.6795 (YTM: 5.6349%) IV. Total Face Value Accepted ₹10,000 Crore ₹6,000 Crore ₹5,000 Crore

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,70,225.22 5.39 3.00-6.50 I. Call Money 20,599.74 5.43 4.75-5.50 II. Triparty Repo 4,50,372.45 5.37 5.24-5.45 III. Market Repo 1,95,710.63 5.41 3.00-6.00 IV. Repo in Corporate Bond 3,542.40 5.64 5.55-6.50 B. Term Segment I. Notice Money** 253.45 5.34 4.90-5.45

In terms of GOI notification F.No. 4(7)-B(W&M)/2019 dated May 30, 2019 (SGB 2019-20 Series-IV-Issue date September 17, 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 on September 17, 2025.

The result of the auction of State Government Securities held on September 16, 2025, is as under: (Amount in ₹ Crore) ASSAM SGS 2045 GOA SGS 2035 HARYANA SGS 2039 HARYANA SGS 2042 Notified Amount 1500 100 1000 1000

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Assam 1500 1500 7.47 20 2. Goa 100 100 7.39 10 3. Haryana 1000 1000 7.43 14 1000 1000 7.45 17 4. Jammu and Kashmir 400 400 7.47 15 5. Jharkhand 1000 1000 7.33 09 1000 1000 7.44 16 6. Maharashtra 1000 1000 100.04/6.7278 Re-issue of 6.74% Maharashtra SGS 2029, issued on September 10, 2025

Tenor 3-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 585 Amount allotted (in ₹ crore) 585 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 Partial Allotment Percentage of bids 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) 6,18,104.95 5.34 2.00-5.75 I. Call Money 20,167.60 5.44 4.75-5.55 II. Triparty Repo 3,92,079.40 5.32 5.10-5.39 III. Market Repo 2,02,330.45 5.38 2.00-5.65 IV. Repo in Corporate Bond 3,527.50 5.51 5.50-5.75 B. Term Segment I. Notice Money** 412.05 5.36 5.00-5.50 II. Term Money@@ 1,269.00 - 5.50-5.85

Reserve Bank of India (RBI) has today issued Reserve Bank of India (Regulation of Payment Aggregators) Directions, 2025. RBI had issued draft directions on regulation of Payment Aggregators on April 16, 2024, for stakeholder comments. The draft directions proposed a framework for regulation of Payment Aggregators (PAs) that handle proximity / face-to-face payments. It also proposed certain changes to the extant directions to PAs. As part of the stakeholder consultation exercise, inputs were received from PAs, banks, other payment system providers, industry associations, law firms, individuals, etc. The inputs received were examined and suitably incorporated in the Directions.

Government of India (GoI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹36,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 5.91% GS 2028 Jun 30, 2028 6,000 F.No.4(1)-B(W&M)/2025 dated September 15, 2025 September 19, 2025 (Friday) September 22, 2025 (Monday) 2 6.33% GS 2035 May 05, 2035 30,000 Total 36,000

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, September 16, 2025, as under:

A. Source Security 7.33% GS 2026 5.74% GS 2026 8.15% GS 2026 7.17% GS 2028 B. Notified Amount (in ₹ crore) 3,000 2,000 4,000 4,000 Destination Security 6.19% GS 2034 6.57% GS 2033 6.57% GS 2033 8.33% GS 2036 C. i. No. of offers received 10 9 14 40 ii. Total amount of Source Security offered (Face value, in ₹ crore) 1,699.000 2,163.311 5,403.451 13,805.000