Press Releases

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Monday, September 22, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 1 9:30 AM to 10:00 AM September 23, 2025 (Tuesday)

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹27,000 Crore (Face Value).

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak vide Directive No. CO.DOS.SED.No.S4800/12-23-151/2024-2025 dated September 26, 2024, for a period of six months up to close of business on March 27, 2025 as modified from time to time, which were extended upto June 27, 2025 vide Directive No. DOR.MON/D-110/12.23.151/2024-25 dated March 25, 2025 and further extended upto September 27, 2025 vide Directive No. DOR.MON/D-16/12.23.151/2025-26 dated June 24, 2025. 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 September 27, 2025.

The rate of interest on Government of India Floating Rate Bond 2033 (GOI FRB 2033) applicable for the half year September 22, 2025 to March 21, 2026 shall be 6.82 percent per annum. It may be recalled that FRB 2033 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day, i.e., September 22, 2025) of 182 Day T-Bills, plus a fixed spread (1.22 percent).

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Sep. 13 Sep. 05 Sep. 12 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 29725 44070 29150 -14920 -575 * Data are provisional; difference, if any, is due to rounding off.

(Amount in ₹ Crore) Auction Results 5.91% GS 2028 6.33% GS 2035 I. Notified Amount 6,000 30,000 II. Competitive Bids Received (i) Number 91 440 (ii) Amount 21,741.000 76,262.750 III. Cut-off price / Yield 100.04 98.65 (YTM: 5.8899%) (YTM: 6.5198%) IV. Competitive Bids Accepted (i) Number 6 161 (ii) Amount 5,999.207 29,927.627

5.91% GS 2028 6.33% GS 2035 I. Notified Amount ₹6,000 crore ₹30,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.04/5.8899% 98.65/6.5198% III. Amount accepted in the auction ₹6,000 crore ₹30,000 crore IV. Devolvement on Primary Dealers NIL NIL

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 390 Amount allotted (in ₹ crore) 390 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.52 Partial Allotment Percentage of bids received at cut off rate (%) NA

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, September 19, 2025, as under:

Tenor 6-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 59,967 Amount allotted (in ₹ crore) 59,967 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 Partial Allotment Percentage of bids received at cut off rate (%) NA

In the underwriting auction conducted on September 19, 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: Nomenclature of the Security Notified Amount (₹ crore)    Minimum Underwriting Commitment (MUC) Amount (₹ crore)    Additional Competitive Underwriting Amount Accepted (₹ crore)    Total Amount underwritten (₹ crore)    ACU Commission Cut-off rate (Paise per ₹100) 5.91% GS 2028    6,000    3,003    2,997    6,000    0.18 6.33% GS 2035    30,000    15,015    14,985    30,000    0.40

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,60,114.69 5.50 4.75-6.60 I. Call Money 21,491.40 5.55 4.75-5.65 II. Triparty Repo 4,34,546.35 5.48 5.11-5.56 III. Market Repo 2,00,481.39 5.54 5.00-5.80 IV. Repo in Corporate Bond 3,595.55 5.77 5.70-6.60

The 35th Conference of the State Finance Secretaries was held in Mumbai on September 18, 2025. The theme of the Conference was ‘Journey towards Economic Prosperity through the Path of Fiscal Consolidation’ and was attended by Secretary, Department of Expenditure, Ministry of Finance, Government of India; the Finance Secretaries of 28 States and two Union Territories; and other officials from the Ministry of Finance, Government of India; Controller General of Accounts and the Comptroller and Auditor General of India. Governor, Reserve Bank of India inaugurated the Conference.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, September 19, 2025, as under:

The Reserve Bank of India (RBl) has imposed, by an order dated September 15, 2025, a monetary penalty of ₹3.50 lakh (Rupees Three Lakh Fifty Thousand only) on The Jalgaon District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and 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 Section 46(4)(i) and Section 56 of the BR Act.

The Reserve Bank of India (RBl) has imposed, by an order dated September 15, 2025, a monetary penalty of ₹4.50 lakh (Rupees Four Lakh Fifty Thousand only) on Chandrapur District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance

The Reserve Bank of India (RBl) has, by an order dated September 15, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Yavatmal District Central Co-operative Bank Ltd.,

The Reserve Bank of India (RBI) has, by an order dated September 17, 2025, imposed a monetary penalty of ₹23,000/- (Rupees Twenty Three Thousand only) on The Ahmedabad Mercantile Co-operative Bank Limited, Ahmedabad (the bank) for non-compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies by Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005.

The Reserve Bank of India (RBI) has, by an order dated September 17, 2025, imposed a monetary penalty of ₹3.75 lakh (Rupees Three lakh seventy five thousand only) on Bharat Co-operative Bank (Mumbai) Limited (the bank), for non-compliance with certain directions issued by RBI on ‘Reporting of Unusual Cyber Security Incidents’. 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.