In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on February 08, 2023, the Reserve Bank of India has today placed on its website the Draft guidelines on Disclosure framework on Climate-related Financial Risks, 2024[SFG1] .

The Reserve Bank of India (RBI), vide order dated February 27, 2024, has cancelled the licence of “Sumerpur Mercantile Urban Cooperative Bank Limited, Sumerpur, Pali, Rajasthan.” Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 28, 2024. The Registrar of Cooperative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

The Reserve Bank has today released data on Reserve Money for the week ended February 23, 2024.

Today, the Reserve Bank released data on the performance of the private corporate sector during the third quarter of 2023-24 drawn from abridged quarterly financial results of 2,842 listed non-government non-financial companies. These include data for Q3:2022-23 and Q2:2023-24 to enable comparison (web-link https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_42).

Reserve Bank of India today placed on its website the updated ‘Enabling Framework for Regulatory Sandbox’. The framework has been revised based on the experience gained over the last four and half years in running four cohorts and feedback received from FinTechs, banking partners and other stakeholders. Among others, the timelines of the various stages of the Regulatory Sandbox process have been revised from seven months to nine months. The updated framework also requires sandbox entities to ensure compliance with provisions of the Digital Personal Data Protection Act, 2023.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹10000 Crore ₹15000 Crore ₹9000 Crore II. Competitive Bids Received (i) Number 128 214 160 (ii) Amount ₹ 44351.300 Crore ₹ 46324.600 Crore ₹ 37576.450 Crore III. Cut-off price / Yield 98.2945 96.5495 93.3703 (YTM:6.9594%) (YTM:7.1673%) (YTM:7.1199%)

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 1,337 Amount accepted (in ₹ crore) 1,337 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA  Ajit Prasad Director (Communications) Press Release: 2023-2024/1954

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹10,000 Crore ₹15,000 Crore ₹9,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.2945 (YTM: 6.9594%) 96.5495 (YTM: 7.1673%) 93.3703 (YTM: 7.1199%) IV. Total Face Value Accepted ₹10,000 Crore ₹15,000 Crore ₹9,000 Crore Ajit Prasad Director (Communications) Press Release: 2023-2024/1953

On a review of the current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Reverse Repo (VRRR) auction on February 28, 2024, Wednesday, as under:

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 20,860 Amount accepted (in ₹ crore) 20,860 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.48 Partial Acceptance Percentage of offers received at cut off rate NA  Ajit Prasad Director (Communications) Press Release: 2023-2024/1951

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 28, 2024, Wednesday, 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) 554,086.55 6.54 5.00-7.70 I. Call Money 10,136.16 6.67 5.00-6.81 II. Triparty Repo 377,073.30 6.48 6.09-6.71 III. Market Repo 166,282.09 6.66 5.25-6.85 IV. Repo in Corporate Bond 595.00 6.89 6.85-7.70

As announced in Statement on Developmental and Regulatory Policies issued as part of Monetary Policy Statement dated August 10, 2023, the Reserve Bank has issued Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions – 2024 to bring clarity, brevity and harmonization to the instructions issued to various supervised entities for submission of returns.

The result of the auction of State Government Securities held on February 27, 2024 is as under:

Sr. No. State Amount to be raised (₹ Cr) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Bihar 2000 2000

In terms of Para 13 of the Consolidated Procedural Guidelines on the Sovereign Gold Bond (SGB) Scheme issued by the Reserve Bank of India vide circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021, premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 545,453.80 6.70 5.00-7.10 I. Call Money 12,249.44 6.69 5.00-6.81 II. Triparty Repo  367,552.70 6.70 6.60-6.85 III. Market Repo 165,081.66 6.71 5.00-6.85 IV. Repo in Corporate Bond  570.00 6.87 6.85-7.10

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Dwarkadas Mantri Nagari Sahakari Bank Ltd, Beed – Withdrawal of Directions

Today, the Reserve Bank released its quarterly house price index (HPI)[1] (base: 2010-11=100) for Q3:2023-24, based on transaction-level data received from the registration authorities in ten major cities[2]. Time series data on all-India and city-wise HPIs are available at the Bank’s database on Indian economy (DBIE) portal (https://cimsdbie.rbi.org.in/DBIE/#/dbie/home> Statistics > Real Sector > Prices & Wages).

The Reserve Bank of India (RBI) has, by an order dated February 26, 2024, imposed a monetary penalty of ₹2.00 crore (Rupees Two Crore only) on State Bank of India (the bank) for contravention of provisions of sub-section (2) of Section 19 of the Banking Regulation Act, 1949 (the BR Act), and sub-section (2) of Section 26A of the BR Act read with the Depositor Education Awareness Fund Scheme, 2014. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 51 (1) of the BR Act.