Press Releases

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 6,235 Amount allotted (in ₹ crore) 6,235 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 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) 7,38,231.48 5.17 0.01-6.30 I. Call Money 14,136.04 5.40 4.60-5.50 II. Triparty Repo 5,26,795.00 5.16 4.55-5.28 III. Market Repo 1,92,569.49 5.18 0.01-5.75 IV. Repo in Corporate Bond 4,730.95 5.43 5.30-6.30 B. Term Segment I. Notice Money** 541.90 5.44 4.80-5.50

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, January 28, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 9:30 AM to 10:00 AM January 30, 2026 (Friday)

As announced vide the Press Release 2025-2026/1984 dated January 23, 2026, the Reserve Bank will be conducting a Variable Rate Repo (VRR) auction on Friday, January 30, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 90 9:30 AM to 10:00 AM April 30, 2026 (Thursday)

The Reserve Bank of India (RBI) and the European Securities and Markets Authority (ESMA) have signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information in relation to Central Counterparties (CCPs) regulated and supervised by RBI. This MoU

Reserve Bank had announced, as part of the Statement on Developmental and Regulatory Policies dated June 08, 2023, to issue guidelines rationalising the extant prudential norms for implementation of resolution plans in respect of exposures affected by natural calamities, inter alia harmonising the regulatory instructions applicable to different Regulated Entities (REs). Based on a comprehensive review of the existing regulatory instructions, including the scope, coverage and prudential requirements, the following draft Directions are being issued for public comments.

Please refer to the Press Release 2025-26/1984 dated January 23, 2026 wherein it was announced that the Reserve Bank would conduct OMO purchase auctions of Government of India securities for an aggregate amount of ₹1,00,000 crore in two tranches of ₹50,000 crore each to be held on February 05, 2026, and February 12, 2026. 2. On a review, it has now been decided to conduct the OMO auctions on January 29, 2026 and February 05, 2026 instead of the dates mentioned above. All other operations mentioned in the captioned press release remain unchanged.

As announced vide the Press Release 2025-2026/1984 dated January 23, 2026, the Reserve Bank will be conducting a USD/INR Buy/Sell swap auction of USD 10 billion for a tenor of three years. The details of the auction are as under:

The Reserve Bank has today released data on Money Supply for the fortnight ended January 15, 2026.

The result of the auction of State Government Securities held on January 27, 2026 is as under: (Amount in ₹ Crore) ANDHRA PRADESH SGS 2035 ANDHRA PRADESH SGS 2043 ASSAM SGS 2036 BIHAR SGS 2040 Notified Amount 1000 1500 1000 1500 Tenor 9 -Years 17 -Years 10 -Years 14 -Years Competitive Bids Received (i) No. 62 63 49 128

Sr. No. State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Andhra Pradesh 1000 1000 7.48 09 1500 1500 7.59 17 2. Assam 1000 1000 7.59 10 3. Bihar 1500 1500 7.63 14 1500 1500 7.60 24 4. Gujarat 2000 2000 7.47 10 5. Haryana 1000 1000 7.57 14 6. Karnataka 2000 2000 7.15 05 year and 06 months 2000 2000 99.88/7.3407 Re-issue of 7.32% Karnataka SGS 2033, issued on January 21,2026

(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 - -

(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 - - RBI OPERATIONS@ Auction Date Tenor (Days) Maturity Date Amount Current Rate/Cut off Rate C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) I Today's Operations 1. Fixed Rate 2. Variable Rate& (a) Repo Operation

(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

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 7,20,283.44 5.15 3.00-6.35 I. Call Money 15,722.95 5.39 4.50-5.45 II. Triparty Repo 5,18,956.15 5.11 4.76-5.50 III. Market Repo 1,81,143.39 5.24 3.00-5.42 IV. Repo in Corporate Bond 4,460.95 5.45 5.40-6.35 B. Term Segment I. Notice Money** 349.93 5.26 4.60-5.45

Government of India (GoI) has announced the sale (re-issue) of one dated security 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 6.48% GS 2035 October 06, 2035 32,000 F.No.4(1)-B(W&M)/2025 dated January 23, 2026 January 30, 2026 (Friday) February 02, 2026 (Monday)

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 9,000 January 28, 2026 (Wednesday) January 29, 2026 (Thursday) 2 182-Day 12,000 3 364-Day 8,000 Total 29,000

On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct the following operations to inject liquidity into the banking system: • 90-day Variable Rate Repo (VRR) operation for an amount of ₹25,000 crore to be conducted on January 30, 2026.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Jan. 17 Jan. 09 Jan. 16 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 23623 13012 20162 7150 -3461 * Data are provisional; difference, if any, is due to rounding off.

Today, the Reserve Bank of India (RBI) released the Report ‘State Finances: A Study of Budgets of 2025-26’. The theme of this year’s Report is ‘Demographic Transition in India - Implications for State Finances’. It provides a comprehensive assessment of the finances of State governments for 2025-26 against the backdrop of actual and revised/provisional accounts for 2023-24 and 2024-25, respectively.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Irinjalakuda Town Co-operative Bank Ltd., Kerala vide Directive No. CO.DOS.SED.No.D-01/12-22-350/2025-2026 dated July 29, 2025 for a period of six months up to close of business on January 30, 2026. 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 30, 2026.

(Amount in ₹ Crore) Auction Results New GS 2029 New GS 2033 7.24% GS 2055 I. Notified Amount 9,000 11,000 13,000 II. Competitive Bids Received (i) Number 78 159 204 (ii) Amount 19,105.000 37,986.000 38,051.000 III. Cut-off price / Yield 100.00 100.00 97.78 (YTM: 6.0300%) (YTM: 6.6800%) (YTM: 7.4259%) IV. Competitive Bids Accepted

New GS 2029 New GS 2033 7.24% GS 2055 I. Notified Amount ₹9,000 crore ₹11,000 crore ₹13,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 6.03% 6.68% 97.78 / 7.4259% III. Amount accepted in the auction ₹9,000 crore ₹11,000 crore ₹13,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

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 up to close of business on July 27, 2022, as modified from time to time, which were last extended up to close of business on January 27, 2026 vide Directive DOR.MON.No.D-34/12.28.007/2025-26 dated October 14, 2025. The Reserve Bank of India is satisfied that in public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on January 27, 2026.

In the underwriting auction conducted on January 23, 2026, 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) New GS 2029 9,000 4,515 4,485 9,000 0.25 New GS 2033 11,000 5,502 5,498 11,000 0.49 7.24% GS 2055 13,000 6,510 6,490 13,000 0.84 Auction for the sale of securities will be held on January 23, 2026.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,98,720.68 5.24 1.00-6.40 I. Call Money 17,853.30 5.52 4.50-5.65 II. Triparty Repo 4,92,727.90 5.19 4.80-5.35 III. Market Repo 1,83,521.98 5.33 1.00-5.55 IV. Repo in Corporate Bond 4,617.50 5.55 5.50-6.40

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹39,800 Crore (Face Value)

I. Summary OMO Purchase Results Aggregate Amount (Face value) notified by RBI: ₹50,000 crore Total amount offered (Face value) by participants: ₹98,568 crore Total amount accepted (Face value) by RBI: ₹50,000 crore

The Reserve Bank of India (RBl) has, by an order dated January 20, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal, Madhya Pradesh (the bank), for non-compliance with certain directions

The Reserve Bank of India (RBl) has, by an order dated January 20, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on Shri Kanyaka Nagari Sahakari Bank Ltd., Chandrapur, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Advances to Builders/Contractors’. 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 20, 2026, imposed a monetary penalty of ₹2.10 lakh (Rupees Two Lakh Ten Thousand only) on Pimpri Chinchwad Sahakari Bank Maryadit, Pimpri, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions’

The Reserve Bank of India (RBI) has, by an order dated January 20, 2026, imposed a monetary penalty of ₹80,000/- (Rupees Eighty Thousand only) on VSJ Investments Private Limited, Mumbai, Maharashtra (the company), for non-compliance with certain directions issued by RBI on ‘Transfer of Loan Exposures’. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

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

Security 7.10% GS 2029 6.10% GS 2031 Total amount notified Aggregate amount of ₹50,000 crore (No security-wise notified amount) Total amount (Face Value) accepted by RBI (₹ in crore) 13,620 425

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auction to be held on January 23, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive

Tenor 5-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 64,071 Amount allotted (in ₹ crore) 50,010 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) 72.53

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Thursday, January 22, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 5 10:15 AM to 10:45 AM January 27, 2026 (Tuesday) 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.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,96,749.48 5.28 1.99-6.40 I. Call Money 18,454.62 5.44 4.50-5.50 II. Triparty Repo 4,85,016.85 5.27 5.00-5.42 III. Market Repo 1,88,726.51 5.31 1.99-5.50 IV. Repo in Corporate Bond 4,551.50 5.47 5.40-6.40 B. Term Segment I. Notice Money** 121.60 5.29 4.95-5.50

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 on January 22, 2026.

Today, the Reserve Bank released the January 2026 issue of its monthly Bulletin. The Bulletin includes three speeches, two articles and current statistics. The two articles are: I. State of the Economy; and II. Financial Stocks and Flow of Funds of the Indian Economy 2023-24.

The Reserve Bank has today released data on Reserve Money for the fortnight ended January 15, 2026.

(Amount in ₹ crore) Auction Results    91-Day    182-Day    364-Day I.    Notified Amount    9,000    12,000    8,000 II.    Competitive Bids Received    (i) Number    76    81    94 (ii) Amount    17,439.745    29,587.500    23,200.120 III.    Cut-off price / Yield    98.6500    97.2539    94.6035 (YTM: 5.4889%)    (YTM: 5.6628%)    (YTM: 5.7200%) 

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of November 2025.

I. T-Bill 91-Day 182-Day 364-Day II. Total Face Value Notified ₹9,000 Crore ₹12,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.6500 (YTM:5.4889%) 97.2539 (YTM: 5.6628%) 94.6035 (YTM: 5.7200%)

Tenor 8-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 26,535 Amount allotted (in ₹ crore) 26,535

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,86,310.36 5.18 4.00-6.35 I. Call Money 15,456.37 5.42 4.50-5.50 II. Triparty Repo 4,69,748.15 5.12 4.85-5.23 III. Market Repo 1,96,598.44 5.29 4.00-5.50 IV. Repo in Corporate Bond 4,507.40 5.46 5.41-6.35

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, January 21, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 8 9:30 AM to 10:00 AM January 29, 2026 (Thursday)

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

The result of the auction of State Government Securities held on January 20, 2026, is as under: (Amount in ₹ Crore) ASSAM SGS 2046 JAMMU AND KASHMIR UT SGS 2041 KARNATAKA SGS 2032 KARNATAKA SGS 2033 Notified Amount 1000 500 2000 2000 Tenor 20 -Years 15 -Years Re-issue of 7.25% KARNATAKA SGS 2032 issued on 14-JAN-2026 7 -Years 6 -Months Competitive Bids Received (i) No. 95 94 47 65

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Assam 1000 1000 7.62 20 2. Jammu and Kashmir 500 500 7.62 15 3. Karnataka 2000 2000 100.21/7.2084 Re-issue of 7.25% Karnataka SGS 2032, issued on January 14, 2026 2000 2000 7.32 07 year and 06 months