Reserve Bank is organising its third global hackathon – ‘HaRBInger 2024 – Innovation for Transformation’. The Hackathon invites participants to develop solutions using technology and innovative approaches under the following themes and problem statements:

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹ 7,750 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 500 - 15 Yield 500 - 19 Yield 1000 - 21 Yield 2 Haryana 1000 - 10 Yield 3 Jammu and Kashmir 500 - 25 Yield

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 4,000 June 12, 2024 (Wednesday) June 13, 2024 (Thursday) 2 182 Days 4,000 3 364 Days 4,000 Total 12,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount.  Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).

The Reserve Bank of India today released on its website the results of the following Surveys: i) Consumer Confidence Survey (CCS) – May 2024 ii) Inflation Expectations Survey of Households (IESH) – May 2024 iii) Survey of Professional Forecasters on Macroeconomic Indicators – Round 88th The Survey results are based on the feedback received from the respondents to the Surveys and do not necessarily reflect the views of the Reserve Bank of India

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Jun 2 May 24 May 31 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 16049 18822 10723 -8099 -5325 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 7.10% GS 2034 7.30% GS 2053 I. Notified Amount ₹20,000 crore ₹9,000 crore II. Underwriting Notified Amount ₹20,000 crore ₹9,000 crore III. Competitive Bids Received  (i)  Number 338 259 (ii) Amount ₹49,274 Crore ₹27,845 Crore IV. Cut-off price / Yield 100.54 101.96 (YTM:7.0210%) (YTM: 7.1388%) V. Competitive Bids Accepted  (i)  Number 169 68 (ii) Amount ₹19,993.441 Crore ₹8,992.564 Crore

7.10% GS 2034 7.30% GS 2053 I. Notified Amount ₹20,000 crore ₹9,000 crore II. Cut off Price / Implicit Yield at cut-off 100.54 / 7.0210% 101.96 / 7.1388% III. Amount accepted in the auction ₹20,000 crore ₹9,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auctions conducted on June 07, 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) 7.10% GS 2034 20,000 10,017 9,983 20,000 0.11 7.30% GS 2053 9,000 4,515 4,485 9,000 0.14 Auction for the sale of securities will be held on June 07, 2024.

This Statement sets out various developmental and regulatory policy measures relating to (i) Regulations; and (ii) Payment Systems and FinTech. I. Regulations 1. Review of limit of Bulk Deposits for Scheduled Commercial Banks (excluding RRBs), Small Finance Banks and Local Area Banks Banks have discretion to offer differential rate of interest on the bulk deposits as per their requirements and Asset-Liability Management (ALM) projections. The bulk deposits limit was enhanced in the year 2019 for Scheduled Commercial Banks (SCBs) (excluding Regional Rural Banks) and Small Finance Banks (SFBs) as ‘Single Rupee term deposits of ₹2 crore and above’.

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (June 7, 2024) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth.

In the recent years, the world has gone through one crisis after another; and the pattern continues. Even against this backdrop, the Indian economy exhibits strong fundamentals, together with financial stability and positive growth momentum. Nevertheless, we need to remain vigilant in an unsettled global environment. The new realities brought about by technological advancements; supply chain realignments; trade and financial fragmentation; and climate change pose opportunities as well as challenges. In this milieu, India looks ready to embark upon a new era of transformation aided by a favourable demography, improving productivity and technology, and a conducive policy environment. The confluence of these factors brightens the prospects of sustained high growth in India in the years ahead.

The Reserve Bank of India, vide Directive: LKO.DOS.SED.No.S875/10-03-759/2022-23 dated March 09, 2023 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the National Mercantile Co-operative Bank Ltd., Lucknow (U.P)  under Directions from the close of business on March 10, 2023. The validity of these Directions was extended time-to-time, last being up to June 10, 2024. 

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 561,495.64 6.40 1.00-7.50 I. Call Money 10,728.30 6.51 5.40-6.60 II. Triparty Repo 384,754.55 6.39 6.00-6.50 III. Market Repo 165,084.79 6.40 1.00-7.37 IV. Repo in Corporate Bond 928.00 6.73 6.55-7.50

The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year June 07, 2024 to December 06, 2024 shall be 7.98 per cent per annum. It may be recalled that FRB 2031 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield of last three auctions (from the rate fixing day i.e. June 07, 2024) of 182 Day T-Bills, plus a fixed spread of One per cent. 

I. SUMMARY RESULTS Aggregate amount (Face Value) notified by RBI ₹ 30,000.000 crore Total amount offered (Face Value) by participants ₹ 8,631.914 crore Total amount accepted (Face Value) by RBI ₹ 7,287.563 crore  II. DETAILS OF EACH SECURITY  Security 7.35% GS 2024 8.40% GS 2024 6.18% GS 2024 FRB 2024 9.15% GS 2024 No. of offers received 6 1 11 6 2 Total amount (Face Value) offered (₹ Crore) 953.017 500.000 1,566.334 5,592.563 20.000 No of offers accepted 2 1 6 4 1 Total amount (Face Value) accepted by RBI (₹ Crore) 308.000 500.000 1,077.000 5,392.563 10.000 Cut off price (₹) 100.02 100.21 99.66 100.00 100.90 Weighted Avg Price (₹) 100.02 100.21 99.65 99.99 100.90 Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/448

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Imperial Urban Cooperative Bank Ltd., Jalandhar vide Directive No. CDG.DOS.RSG.No.S1645/16-03-46/2022-23 dated March 9, 2023 for a period of six months up to close of business on September 10, 2023, as modified from time to time which were last extended up to close of business on June 10, 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 close of business on June 10, 2024.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on June 07, 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) 558,158.40 6.43 0.01-7.50 I. Call Money 12,547.11 6.52 5.10-6.60 II. Triparty Repo 387,115.95 6.44 6.35-6.64 III. Market Repo 157,487.34 6.39 0.01-6.75 IV. Repo in Corporate Bond 1,008.00 6.70 6.60-7.50

The Reserve Bank has today released data on Reserve Money for the week ended May 31, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹4000 Crore ₹4000 Crore ₹4000 Crore II. Competitive Bids Received (i) Number 62 77 96 (ii) Amount ₹12821.325 Crore ₹12948.200 Crore ₹16629.280 Crore III. Cut-off price / Yield 98.3180 96.6185 93.4445 (YTM:6.8619%) (YTM:7.0189%) (YTM:7.0347%) IV. Competitive Bids Accepted