After reviewing the cash position of the Central Government, the Reserve Bank of India, in consultation with the Government of India, hereby, notifies the calendar for issuance of Treasury Bills for the quarter ending December 2023 as under: Notified Amount for Auction of Treasury Bills

Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Bihar 200020007.528 2 Chhattisgarh 100010007.497 3 Goa1501507.4910 4 Gujarat150015007.458 5 Haryana5005007.4710

Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of ₹39,000 crore as per the following details: Sr No   Security   Date of Repayment   Notified Amount (₹ crore)   GoI specific Notification   Auction Date   Settlement Date 1   6.99% GS 2026   Apr 17, 2026   8,000   F.No.4(3)-B(W&M)/2023 dated September 25, 2023   September 29, 2023

In the underwriting auctions conducted on September 22, 2023 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 SecurityNotified AmountMinimum Underwriting Commitment (MUC) AmountAdditional Competitive Underwriting Amount AcceptedTotal Amount underwrittenACU Commission Cut-off rate
(paise per ₹100)

7.06% GS 20288,0004,0113,9898,0000.15

7.18% GS 203314,0007,0146,98614,0000.15

7.30% GS 205311,0005,5025,49811,0000.17

Auction for the sale of securities will be held on September 22, 2023.

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/968

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹27,000 Crore (Face Value). Sr. No.StateAmount to be raised (₹ Cr)Additional Borrowing (Greenshoe) Option (₹ Cr)Tenure (Year)Type of Auction 1Bihar2000-8Yield 2Chhattisgarh1000-7Yield

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  10,000 September 27, 2023 (Wednesday) September 29, 2023 (Friday) 2 182 Days 8,000 3 364 Days 6,000 Total 24,000 The sale will be subject to the terms and conditions specified in the General Notification

Auction Results7.06% GS 20287.18% GS 20337.30% GS 2053  I. Notified Amount ₹8000 Crore ₹14000 Crore ₹11000 Crore II.Underwriting Notified Amount₹8000 Crore₹14000 Crore₹11000 Crore III.Competitive Bids Received (i) Number110205169

7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount ₹8,000 crore ₹14,000 crore ₹11,000 crore II.Cut off Price / Implicit Yield at cut -  off  99.54/7.1792%100.31/7.1342%99.55/7.3360% III. Amount accepted in the auction ₹8,000 crore ₹14,000 crore ₹11,000 crore IV.Devolvement on Primary Dealers

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/970

In terms of GOI notifications F.No.4(19) - W&M/2014 dated March 04, 2016 (SGB 2016, Series II - Issue date March 29, 2016) and F.No.4(7) - W&M/2016 dated August 29, 2016 (SGB 2016-17 Series II - Issue date September 30, 2016) on Sovereign Gold Bond (SGB) 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 tranches shall be September 29, 2023 and September 30, 2023, respectively.

2. Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity [published by the India Bullion and Jewellers Association Ltd (IBJA)] of the week (Monday-Friday) preceding the date of redemption. Accordingly, the redemption price for the premature redemption due on September 29, 2023 and September 30, 2023 shall be ₹5921/- (Rupees Five Thousand Nine Hundred Twenty-one only) per unit of SGB based on the simple average of closing gold price for the week September 18-22, 2023.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/977

The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The National Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts-Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

The result of the auction of State Government Securities held on September 21, 2023 is as under:  (Amount in ₹ Crore)   ANDHRA PRADESH 2036BIHAR 2031CHHATTISGARH 2030GOA 2033  Notified Amount100020001000100  Tenure138710 Competitive Bids Received (i) No.4724215 (ii) Amount572532902600325 Cut-off Yield (%)7.447.497.477.46 Competitive Bids Accepted (i) No.31572 (ii) Amount964.3571940.870939.98296.547 Partial Allotment Percentage of 

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 22, 2023.  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, 

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year)  1 Andhra Pradesh100010007.4413  2 Bihar200020007.498 3 Chhattisgarh100010007.477  4 Goa1001007.4610  5 Gujarat100010007.404  6 Haryana100010007.4510  100010007.4512  7 Jammu and Kashmir3733737.4130  8 Madhya Pradesh5005007.4412  500500100.30/7.4273Reissue of 7.46% Madhya Pradesh SGS 2039 issued on September 13, 2023  

Auction Results91 Days182 Days364 DaysI.Notified Amount₹10000 Crore₹8000 Crore₹6000 Crore II.Competitive Bids Received (i) Number241173176 (ii) Amount₹47506.755 Crore₹21528.5 Crore₹20035 Crore III.Cut-off price / Yield98.321596.604393.4225

T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3215 (YTM: 6.8474%) 96.6043 (YTM: 7.0494%)93.4225 (YTM: 7.0599%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore

A.Source SecurityGOI FRB 2024GOI FRB 2024GOI FRB 20247.72% GS 20258.20% GS 20258.33% GS 20268.15% GS 20268.24% GS 2027

B.Notified Amount (amount in ₹ cr)4,0004,0001,0003,5001,0002,5001,0001,000

Destination Security6.68% GS 20317.40% GS 20357.57% GS 20338.32% GS 20329.20% GS 20308.32% GS 20326.80% GS 20606.80% GS 2060

C.i. No. of offers received87123322

ii. Total amount of Source Security offered (Face value in ₹ cr)5,400.0007,200.000300.0003,000.0001060.1002250.000400.000600.000

iii. No of offers accepted44003000

iv. Total amount of source security accepted (Face value in ₹ cr)4,000.0004,000.000001,000.000000

v. Total amount of destination security issued (Face value in ₹ cr)4126.0493956.67200921.983000

vi. Cut-off price (₹) / yield (%) for destination security96.93/7.1916101.08/7.2629NANA110.49/7.2667NANANA

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/938

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹33,000 crore as per the following details:

Sr NoSecurityDate of RepaymentNotified Amount
(₹ crore)GoI specific NotificationAuction DateSettlement Date

17.06% GS 2028Apr 10, 20288,000F.No.4(3)-B(W&M)/2023 dated September 18, 2023September 22, 2023
(Friday)September 25, 2023
(Monday)

27.18% GS 2033Aug 14, 203314,000

37.30% GS 2053June 19, 205311,000

Total
33,000

2. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above.

3. The securities will be sold through Reserve Bank of India Mumbai Office, Fort, Mumbai – 400001. The sale will be subject to the terms and conditions spelt out in the ‘Specific Notification’ mentioned above and the General Notification F.No.4(2)–W&M/2018, dated March 27, 2018.

4. The auction will be conducted using uniform price method for 7.06% GS 2028, 7.18% GS 2033 and multiple price method for 7.30% GS 2053. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 22, 2023 (Friday). The non-competitive bids should be submitted between 10:30 a.m. and 11:00 a.m. and the competitive bids should be submitted between 10:30 a.m. and 11:30 a.m. The result will be announced on the same day and payment by successful bidders will have to be made on September 25, 2023 (Monday).

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹12,723 Crore (Face Value).

Sr. No.State / UTAmount to be raised
(₹ Cr)Additional Borrowing (Greenshoe) Option
(₹ Cr)Tenure (Year)Type of Auction

1Andhra Pradesh1000-13Yield

2Bihar2000-8Yield

3Chhattisgarh1000-7Yield

4Goa100-10Yield

5Gujarat1000-4Yield

6Haryana1000-10Yield

1000-12Yield

7Jammu and Kashmir373-30Yield

8Madhya Pradesh500-12Yield

500-Reissue of 7.46% Madhya Pradesh SGS 2039 issued on September 13, 2023Price

9Punjab500-Reissue of 7.45% Punjab SGS 2034 issued on September 06, 2023Price

500-Reissue of 7.48% Punjab SGS 2034 issued on September 13, 2023Price

10Sikkim250-10Yield

11Telangana500-7Yield

12West Bengal2500-19Yield

TOTAL12,723

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 21, 2023 (Thursday). The Government Stock up to Ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions, subject to a maximum limit of One per cent of its notified amount for a single bid per stock as per the ‘Scheme for Non-competitive Bidding Facility’. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No.Treasury BillNotified Amount (in ₹ Crore)Auction DateSettlement Date 191 Days10,000September 20, 2023 (Wednesday)September 21, 2023 (Thursday)

Auction Results7.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount₹7000 Crore₹12000 Crore₹12000 Crore II.Underwriting Notified Amount₹7000 Crore₹12000 Crore₹12000 Crore III.Competitive Bids Received (i) Number101121163 (ii) Amount₹14820 Crore₹20440.250 Crore₹28115.250 Crore