Press Releases

6.79% GS 2034 7.09% GS 2074 I. Notified Amount ₹22,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.43/6.7270% 100.86/7.0266% III. Amount accepted in the auction ₹22,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL

Tenor 14-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 1,62,096 Amount allotted (in ₹ crore) 1,62,096 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 Partial Allotment Percentage of bids received at cut off rate (%) NA

Tenor 3-day Notified Amount (in ₹ crore) 2,00,000 Total amount of bids received (in ₹ crore) 2,22,968 Amount allotted (in ₹ crore) 2,00,011 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.53 Partial Allotment Percentage of bids received at cut off rate (%) 93.76%

In the underwriting auction conducted on January 24, 2025, 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:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,43,213.23 6.56 5.00-6.95 I. Call Money 10,718.40 6.57 5.10-6.70 II. Triparty Repo 3,81,865.60 6.54 6.22-6.64 III. Market Repo 1,49,466.53 6.61 5.00-6.85 IV. Repo in Corporate Bond 1,162.70 6.91 6.90-6.95

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, to Indian Mercantile Co-operative Bank Limited (IMCBL), Lucknow vide Directive DOS.CO.OCCD.185569/12.28.007/2021-22 dated January 28, 2022 for a period of six months upto July 27, 2022, as modified from time to time, which were last extended upto January 27, 2025 vide Directive DOR.MON/D-63/12.28.007/2024-25 dated October 18, 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 January 27, 2025.

The Reserve Bank of India (RBI) has, by an order dated January 21, 2025, imposed a monetary penalty of ₹8.30 lakh (Rupees Eight lakh thirty thousand only) on Dombivli Nagari Sahakari Bank Limited (the bank), for non-compliance with certain directions issued by RBI on ‘Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on January 24, 2025, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,75,000 14 11:30 AM to 12:00 Noon February 07, 2025 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The Reserve Bank of India, vide directive No.CO.DOS. SED. No. S592/45-11-001/2024-25 dated April 23, 2024, had placed The Konark Urban Co-operative Bank Ltd., Ulhasnagar under Directions from the close of business on April 23, 2024 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to the close of business on January 23, 2025

(Amount in ₹ Crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 12-Jan-2024 27-Dec-2024* 10-Jan-2025* 12-Jan-2024 27-Dec-2024* 10-Jan-2025* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 262755.36 291575.28 270043.39 266353.50 296174.25 274793.96** b) Borrowings from banks 180980.14 138334.17 143688.80 181010.43 138393.41 143757.03 c) Other demand & time liabilities 69746.41 26605.84 30536.34 70413.30 26928.62 30850.90

I. SUMMARY RESULTS Aggregate amount (Face Value) notified by RBI ₹ 20,000.000 crore Total amount offered (Face Value) by participants ₹ 23,279.373 crore Total amount accepted (Face Value) by RBI ₹ 9,666.318 crore II. DETAILS OF EACH SECURITY Security 7.72% GS 2025 5.22% GS 2025 8.20% GS 2025 5.15% GS 2025 7.59% GS 2026 No. of offers received 13 28 4 11 5 Total amount (Face Value) offered (₹ Crore) 5,669.150 10,768.736 1,632.990 3,101.168 2,107.329 No of offers accepted 3 7 1 5 NIL Total amount (Face Value) accepted by RBI (₹ Crore) 1,350.000 5,990.103 575.000 1,751.215 NIL

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 20,668 Amount allotted (in ₹ crore) 20,668 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 24, 2025 (Friday).

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on January 23, 2025, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 11:30 AM to 12:00 Noon January 24, 2025 (Friday)

Tenor 1-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,69,262 Amount allotted (in ₹ crore) 1,25,015 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.54 Partial Allotment Percentage of bids received at cut off rate (%) 71.62%

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,39,682.80 6.61 4.00-7.00 I. Call Money 11,489.71 6.56 5.10-6.70 II. Triparty Repo 3,65,275.25 6.59 6.21-6.70 III. Market Repo 1,61,059.79 6.66 4.00-6.85 IV. Repo in Corporate Bond 1,858.05 6.89 6.75-7.00 B. Term Segment I. Notice Money** 1,054.90 6.58 5.85-6.65 II. Term Money@@ 261.50 - 6.65-7.50 III. Triparty Repo 205.00 6.70 6.70-6.70 IV. Market Repo 200.00 6.78 6.78-6.78 V. Repo in Corporate Bond 0.00 - -

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The Reserve Bank has today released data on Reserve Money for the week ended January 17, 2025 and Money Supply for the fortnight ended January 10, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹8000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 121 98 127 (ii) Amount ₹32847.030 Crore ₹20279.050 Crore ₹38751.500 Crore III. Cut-off price / Yield 98.3790 96.7640 93.7553 (YTM:6.6089%) (YTM:6.7068%) (YTM:6.6789%) IV. Competitive Bids Accepted

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3790 (YTM:6.6089%) 96.7640 (YTM: 6.7068%) 93.7553 (YTM: 6.6789%) IV. Total Face Value Accepted ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal vide Directive No. CO.DOS.SED.No.S2574/12-07-005/2022-23 dated July 21, 2022 for a period of six months up to close of business on January 22, 2023 as modified from time to time, which were last extended up to close of business on January 22, 2025 vide Directive DOR.MON.D-61/12.29.046/2024-25 dated October 17, 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 January 22, 2025.

Tenor 1-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,72,528 Amount allotted (in ₹ crore) 1,25,009 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 Partial Allotment Percentage of bids received at cut off rate (%) 47.90%

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,65,058.42 6.59 5.10-6.90 I. Call Money 13,600.69 6.58 5.10-6.90 II. Triparty Repo 3,97,847.20 6.58 6.48-6.90 III. Market Repo 1,51,849.83 6.60 6.15-6.89 IV. Repo in Corporate Bond 1,760.70 6.73 6.70-6.85

In terms of GOI Notification F.No.4(22)–B(W&M) /2018 dated October 08, 2018 (SGB 2018-19 Series V -Issue date January 22, 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 January 22, 2025.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The result of the auction of State Government Securities held on January 21, 2025 is as under:

In exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to the following Non-Banking Financial Company (NBFC):

Sr. No    State    Amount to be raised (₹ Crore)    Amount Accepted (₹ Crore)    Cut off Price (₹)/ Yield (%)    Tenure (Year) 1.    Bihar    1000    1000    7.15    12 1000    1000    7.14    20 2.    Gujarat    1000    1000    7.12    10 3.    Haryana    1000    1000    7.14    13 4.    Karnataka    2000    2000    7.15    13 2000    2000    100.10/7.1391    Re-issue of 7.15% Karnataka SGS 2042, issued on January 01, 2025 5.    Kerala    1500    1500    7.14    20 6.    Maharashtra    2500    2500    99.50/7.1693    Re-issue of 7.11% Maharashtra SGS 2038, issued on January 08, 2025 2500    2500    100.01/7.1386    Re-issue of 7.14% Maharashtra SGS 2043, issued on January 08, 2025 

Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 71,900 Amount allotted (in ₹ crore) 71,900 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 Partial Allotment Percentage of bids received at cut off rate (%)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,81,800.16 6.46 0.01-6.99 I. Call Money 13,346.10 6.63 5.10-6.85 II. Triparty Repo 3,99,532.90 6.41 6.05-6.55 III. Market Repo 1,67,130.46 6.56 0.01-6.99 IV. Repo in Corporate Bond 1,790.70 6.76 6.75-6.80

The Reserve Bank of India has today announced the names of the members of the Standing External Advisory Committee (SEAC) for evaluating applications for Universal Banks as well as Small Finance Banks. The tenure of the SEAC will be for three years. The composition of SEAC is: 1. Shri M. K. Jain, former Deputy Governor, Reserve Bank of India Chairperson 2. Ms. Revathy Iyer, Director, Central Board, Reserve Bank of India Member

In terms of GOI Notification F.No.4(7)–B(W&M) /2019 dated September 30, 2019 (SGB 2019-20 Series VIII -Issue date January 21, 2020) 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 due date of premature redemption of the above tranche shall be January 21, 2025.

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹32,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.79% GS 2034 Oct 07, 2034 22,000 F.No.4(3)-B(W&M)/2024 dated January 20, 2025 January 24, 2025 (Friday) January 27, 2025 (Monday)

The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹20,000 crore (face value). The security-wise details of the buyback are as under: S.No. Security Date of Maturity 1 7.72% GS 2025 May 25, 2025 2 5.22% GS 2025 June 15, 2025 3 8.20% GS 2025 September 24, 2025 4 5.15% GS 2025 November 09, 2025 5 7.59% GS 2026 January 11, 2026

The Reserve Bank of India, had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Thodupuzha Urban Co-operative Bank Ltd. Kerala vide Directive No.CO.DOS.SED.No.S3361/12.07.005/2022-23 dated August 23, 2022, for a period of six months.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 20,469.59    6.24    5.20-6.70 I. Call Money 1,168.15    6.12    5.75-6.70

Tenor 1-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 75,772 Amount allotted (in ₹ crore) 75,772 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 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) 4,432.75 6.49 5.50-7.00 I. Call Money 1,298.30 6.26 5.75-6.70 II. Triparty Repo 1,281.75 6.33 5.50-7.00 III. Market Repo 37.00 6.20 6.20-6.20 IV. Repo in Corporate Bond 1,815.70 6.76 6.72-6.78

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹1.75 lakh (Rupees One Lakh Seventy Five Thousand only) on Mukkuperi Co-operative Urban Bank Limited, Tamil Nadu (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’, certain directions issued on ‘Loans and advances to directors, their relatives, and firms / concerns in which they are interested’, and ‘Know Your Customer (KYC)’.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹17,500 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Bihar 1000 12 Yield 1000 20 Yield 2 Gujarat 1000 10 Yield

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

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 12,000 January 22, 2025 (Wednesday) January 23, 2025 (Thursday) 2 182 Days 8,000 3 364 Days 8,000 Total 28,000

Today, the Reserve Bank released the January 2025 issue of its monthly Bulletin. The Bulletin includes seven articles and current statistics. Report on Trend and Progress of Banking 2023-24 and Financial Stability Report December 2024 are supplements to the January 2025 Bulletin.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Jan. 12 Jan. 3 Jan. 10 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 16087 36637 14620 -22017 -1467 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 6.75% GS 2029 6.92% GS 2039 7.09% GS 2054 I. Notified Amount ₹14,000 crore ₹12,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹14,000 crore ₹12,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 124 211 240 (ii) Amount ₹22572.940 Crore ₹27947.193 Crore ₹28141.898 Crore IV. Cut-off price / Yield 100.08 100.28 100.27 (YTM: 6.7289%) (YTM: 6.8881%) (YTM: 7.0677%)

6.75% GS 2029 6.92% GS 2039 7.09% GS 2054 I. Notified Amount ₹14,000 crore ₹12,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.08/6.7289% 100.28/6.8881% 100.27/7.0677% III. Amount accepted in the auction ₹14,000 crore ₹12,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 33,467 Amount allotted (in ₹ crore) 33,467 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 Partial Allotment Percentage of bids received at cut off rate (%) NA

In the underwriting auction conducted on January 17, 2025, 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:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,68,031.51 6.43 5.10-7.52 I. Call Money 12,689.22 6.55 5.10-6.80 II. Triparty Repo 3,89,524.45 6.41 6.00-6.58 III. Market Repo 1,64,054.14 6.49 5.50-7.52 IV. Repo in Corporate Bond 1,763.70 6.65 6.60-6.70

The Reserve Bank of India (RBl) has, by an order dated January 08, 2025, imposed a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Parbhani District Central Co-operative Bank Ltd., Parbhani, Maharashtra (the bank) for contravention of provisions of Section 20 and Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

To encourage greater use of Indian Rupee (INR) for trade transactions, in July 2022, an additional arrangement in the form of Special Rupee Vostro Account (SRVA) was introduced. Several foreign banks have since opened SRVAs with banks in India. The Reserve Bank has also signed Memorandum of Understanding (MoU) with the central banks of the United Arab Emirates, Indonesia and Maldives, to encourage cross-border transactions in local currencies. Further, in December 2023 the Foreign Exchange Management (Manner of Receipt and Payment) Regulations were revised to enable cross border transactions in all foreign currencies (including local currencies of trading partner countries) and INR.

The Reserve Bank of India announced today the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs for the year 2024-25. 2. The Reserve Bank had issued the Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs (the framework) on October 22, 2021. The framework categorises NBFCs in Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL) and gives the methodology to identify the NBFCs in the Upper Layer as per their asset size and scoring methodology. Accordingly, the 2024-25 list of NBFC-UL is as under:

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Defence Accounts Co-operative Bank Ltd., Pune vide Directive No.CO.DOS.SED.No.S8241/12-22-316/2022-23 dated March 09, 2023, for a period of six months. The same were modified from time to time and were last extended up to the close of business on March 10, 2025.

I SUMMARY RESULTS Aggregate amount (Face Value) notified by RBI ₹ 30,000.000 crore Total amount offered (Face Value) by participants ₹ 36,051.619 crore Total amount accepted (Face Value) by RBI ₹ 9,892.474 crore

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 17, 2025 (Friday).

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 30,760 Amount allotted (in ₹ crore) 30,760 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 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) 5,47,006.59 6.38 0.01-6.85 I. Call Money 11,280.02 6.45 5.10-6.70 II. Triparty Repo 3,75,991.85 6.37 6.25-6.76 III. Market Repo 1,57,929.02 6.40 0.01-6.85 IV. Repo in Corporate Bond 1,805.70 6.57 6.50-6.70

On a review of current and evolving liquidity conditions, it has been decided to conduct Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice. The reversal of VRR auction conducted on a Friday will take place on the ensuing Monday or the next working day, if Monday is a holiday in Mumbai. The auction will be conducted between 10:00 AM and 10:30 AM every day.

In terms of GOI Notification F.No.4(7)–B(W&M) /2019 dated May 30, 2019 (SGB 2019-20 Series II -Issue date July 16, 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 January 16, 2025.

The Reserve Bank has today released data on Reserve Money for the week ended January 10, 2025.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹8000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 100 85 114 (ii) Amount ₹31166.080 Crore ₹19631.300 Crore ₹24784.350 Crore III. Cut-off price / Yield 98.3803 96.7585 93.7335 (YTM:6.6036%) (YTM:6.7186%) (YTM:6.7038%) IV. Competitive Bids Accepted (i) Number 45 44 45 (ii) Amount ₹11966.226 Crore ₹7970.328 Crore ₹7966.973 Crore V. Partial Allotment Percentage of Competitive Bids 42.03% 18.06% 94.57%

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3803 (YTM:6.6036%) 96.7585 (YTM: 6.7186%) 93.7335

The Reserve Bank has launched the 44th round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period January-March 2025. The survey assesses the business situation for the current quarter (Q4:2024-25) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q1:2025-26) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q2:2025-26 and Q3:2025-26) are also covered.

The Reserve Bank has launched the 109th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period January-March 2025. The survey assesses business sentiment for the current quarter (Q4:2024-25) and expectations for the ensuing quarter (Q1:2025-26), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q2:2025-26 and Q3:2025-26) are also covered.

The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of December 2024.

Tenor 5-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 3,980 Amount allotted (in ₹ crore) 3,980 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 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) 5,68,236.52 6.36 5.50-6.91 I. Call Money 7,195.50 6.53 5.50-6.75 II. Triparty Repo 3,96,078.65 6.30 6.08-6.60 III. Market Repo 1,63,156.67 6.51 6.00-6.75 IV. Repo in Corporate Bond 1,805.70 6.86 6.80-6.91

Effective 15th January 2025, the distribution of portfolios among the Deputy Governors will be the following:

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on January 15, 2025, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 5 10:00 AM to 10:30 AM January 20, 2025 (Monday)

The result of the auction of State Government Securities held on January 14, 2025 is as under: (Amount in ₹ Crore) BIHAR 2035 BIHAR 2040 GUJARAT 2035 HARYANA 2038 Notified Amount 1000 1000 2000 1000 Tenure 10 15 10 13 Competitive Bids Received (i) No. 60 36 100 72 (ii) Amount 3810 2835 2785 4310 Cut off Yield (%) 7.22 7.22 7.22 7.22 Competitive Bids Accepted (i) No. 10 8 76 20 (ii) Amount 978.441 994.995 1968.453 990.899

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Bihar 1000 1000 7.22 10 1000 1000 7.22 15 2 Gujarat 2000 2000 7.22 10 3 Haryana 1000 1000 7.22 13 4 Jammu and Kashmir 300 300 7.20 22 5 Karnataka 2000 2000 7.22 11 6 Kerala 2500 2500 7.24 19 7 Maharashtra 2500 2500 7.23 16

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,75,368.39 6.59 5.00-7.10 I. Call Money 9,243.74 6.81 5.80-7.10 II. Triparty Repo 3,96,520.80 6.49 5.95-6.75 III. Market Repo 1,67,788.15 6.79 5.00-7.10 IV. Repo in Corporate Bond 1,815.70 7.04 7.00-7.06 B. Term Segment I. Notice Money** 4,344.08 6.82 5.70-7.05 II. Term Money@@ 22.50 - 6.70-7.00 III. Triparty Repo 765.25 6.52 6.05-6.74 IV. Market Repo 7,874.00 6.80 6.75-6.95 V. Repo in Corporate Bond 0.00 - -

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Kamaraj Co-operative Town Bank Limited, Tamil Nadu (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’, certain directions on ‘Prudential Norms on Capital Adequacy - UCBs’, and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-five thousand only) on The Arcot Co-operative Urban Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Cordite Factory Co-operative Bank Ltd., Aravankadu, Nilgiris, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Tamilnadu Circle Postal Co-operative Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Virudhunagar Co-operative Urban Bank Limited, Virudhunagar, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

Government of India (GOI) has announced the sale (re-issue) of three 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 6.75% GS 2029 Dec 23, 2029 14,000 F.No.4(3)-B(W&M)/2024 dated January 13, 2025 January 17, 2025 (Friday) January 20, 2025 (Monday) 2 6.92% GS 2039 Nov 18, 2039 12,000 3 7.09% GS 2054 Aug 05, 2054 10,000 Total 36,000

The Reserve Bank of India vide directive CO.DOS.SED. No. S370/45-11-001/2024-2025 dated April 15, 2024, had placed Sarvodaya Co-operative Bank Ltd., Mumbai under Directions for a period of six months up to the close of business on October 15, 2024, which was modified from time to time and the latest being upto January 15, 2025.

The following seven Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 86,155 Amount allotted (in ₹ crore) 50,008 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.53 Partial Allotment Percentage of bids received at cut off rate (%) 32.03

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on January 13, 2025, Monday, 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) 5,53,412.76 6.78 4.00-7.14 I. Call Money 9,049.26 6.88 5.10-7.10 II. Triparty Repo 3,73,967.40 6.73 6.32-6.85 III. Market Repo 1,68,607.40 6.89 4.00-7.10 IV. Repo in Corporate Bond 1,788.70 7.08 7.05-7.14

The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹30,000 crore (face value). The security-wise details of the buyback are as under:

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 12,000 January 15, 2025 (Wednesday) January 16, 2025 (Thursday) 2 182 Days 8,000 3 364 Days 8,000 Total 28,000 The sale will be subject to the terms and conditions specified in the
 

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹17,919 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Bihar 1000 10 Yield 1000 15 Yield 2 Gujarat 2000 10 Yield 3 Haryana 1000 13 Yield

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to National Urban Co-operative Bank Ltd., Pratapgarh, Uttar Pradesh vide Directive CO.DOS.SED.No.S369/45-11-001/2024-25 dated April 15, 2024, for a period of six months up to October 15, 2024, which was subsequently extended for a period of three months, up to close of business on January 15, 2025 vide Directive DOR.MON/D-60/12.28.017/2024-25 dated October 14, 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 the close of business on January 15, 2025.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Jan. 5 Dec. 27 Jan. 3 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 21139 21841 36637 14796 15498 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 6.64% GS 2027 7.34% GS 2064 I. Notified Amount ₹7,000 crore ₹15,000 crore II. Underwriting Notified Amount ₹7,000 crore ₹15,000 crore III. Competitive Bids Received (i) Number 137 298 (ii) Amount ₹27657.000 Crore ₹36509.000 Crore IV. Cut-off price / Yield 99.86 103.70 (YTM:6.6906%) (YTM:7.0593%) V. Competitive Bids Accepted (i) Number 43 116 (ii) Amount ₹6990.815 Crore ₹14976.248 Crore VI. Partial Allotment Percentage of Competitive Bids 55.62% 66.84% (10 Bids) (15 Bids)

Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 74,480 Amount allotted (in ₹ crore) 50,005 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.54 Partial Allotment Percentage of bids received at cut off rate (%) 41.71

6.64% GS 2027 7.34% GS 2064 I. Notified Amount ₹7,000 crore ₹15,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 99.86/6.6906% 103.70/7.0593% III. Amount accepted in the auction ₹7,000 crore ₹15,000 crore IV. Devolvement on Primary Dealers NIL NIL

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on January 10, 2025, Friday, as under:

Tenor 14-day Notified Amount (in ₹ crore) 2,25,000 Total amount of bids received (in ₹ crore) 2,77,743 Amount allotted (in ₹ crore) 2,25,006 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.55 Partial Allotment Percentage of bids received at cut off rate (%) 38.07