Press Releases

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 - -

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 Non-Banking Financial Companies (NBFCs). The conference was attended by about 280 participants representing more than 100 NBFCs. This event, with the theme ‘<i>Resilient Financial System – Role of Effective Assurance Functions</i>’, 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, the Conference for the Heads of Assurance Functions of Scheduled Commercial Banks was held earlier in January 2024.

The Reserve Bank has today released data on Reserve Money for the week ended May 10, 2024 and Money Supply for the fortnight ended May 03, 2024. Ajit Prasad Deputy General Manager (Communications)

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹7000 Crore ₹8000 Crore II. Competitive Bids Received   (i)  Number 116 115 93 (ii) Amount ₹ 34251.409 Crore ₹ 15785.440 Crore ₹ 22951.220 Crore III. Cut-off price / Yield 98.2875 96.5879 93.4053 (YTM:6.9885%) (YTM:7.0847%) (YTM:7.0797%) IV. Competitive Bids Accepted   (i)  Number 50 77 18 (ii) Amount ₹ 11958.103 Crore ₹ 6964.211 Crore ₹ 7975.230 Crore V. Partial Allotment Percentage of Competitive Bids 63.34% 14.59% 78.63% (1 Bid) (2 Bids) (1 Bid) VI. Weighted Average Price/Yield 98.2911 96.5925 93.4119 (WAY: 6.9736%) (WAY: 7.0748%) (WAY: 7.0721%)

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹7,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.2875 (YTM: 6.9885%) 96.5879 (YTM: 7.0847%) 93.4053 (YTM: 7.0797%) IV. Total Face Value Accepted ₹12,000 Crore ₹7,000 Crore ₹8,000 Crore

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 493,028.00 6.57 4.50-7.10 I. Call Money 12,695.01 6.70 5.10-6.85 II. Triparty Repo 308,944.65 6.52 5.90-6.70 III. Market Repo 169,997.34 6.66 4.50-6.85 IV. Repo in Corporate Bond 1,391.00 6.84 6.75-7.10 B. Term Segment I. Notice Money** 154.30 6.59 5.50-6.80 II. Term Money@@ 453.00 - 6.85-7.10 III. Triparty Repo 476.00 6.67 6.55-6.73 IV. Market Repo 600.00 7.01 7.01-7.01 V. Repo in Corporate Bond 0.00 - -