The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter October – December 2024, is expected to be ₹3,20,121 Crore.

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 7,000 October 03, 2024 (Thursday) October 04, 2024 (Friday) 2 182 Days 6,000 3 364 Days 6,000 Total 19,000

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on September 30, 2024, Monday, as under:

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Sep. 22 Sep. 13 Sep. 20 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 13480 29725 26447 -3279 12967 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 7.04% GS 2029 7.23% GS 2039 7.09% GS 2054 I. Notified Amount ₹12,000 crore ₹12,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹12,000 crore ₹12,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 154 196 203

7.04% GS 2029 7.23% GS 2039 7.09% GS 2054 I. Notified Amount ₹12,000 crore ₹12,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 101.52/6.6530% 104.07/6.7848% 102.28/6.9076% III. Amount accepted in the auction ₹12,000 crore ₹12,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

In the underwriting auctions conducted on September 27, 2024, 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 Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate (paise per ₹100) 7.04% GS 2029 12,000 6,006 5,994 12,000 0.03 7.23% GS 2039 12,000 6,006 5,994 12,000 0.04 7.09% GS 2054 10,000 5,019 4,981 10,000 0.09 Auction for the sale of securities will be held on September 27, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 579,199.63 6.48 5.00-6.80 I. Call Money 12,503.25 6.54 5.10-6.70 II. Triparty Repo 398,599.90 6.43 6.20-6.80 III. Market Repo 166,728.48 6.58 5.00-6.80 IV. Repo in Corporate Bond 1,368.00 6.66 6.65-6.75

The Reserve Bank of India (RBI) has, by an order dated September 23, 2024, imposed a monetary penalty of ₹61.60 lakh (Rupees Sixty one lakh and sixty thousand only) on The Surat People’s Co-operative Bank Limited, Surat (the bank), for non-compliance with certain directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’, ‘Loans and advances to directors and their relatives, and firms/concerns in which they are interested’, ‘Maintenance of Deposit Accounts’ and ‘Customer Service’. 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.

It has been decided, in consultation with the Government of India, that the limit for Ways and Means Advances (WMA) for the second half of the financial year 2024-25 (October 2024 to March 2025) will be ₹50,000 crore.