Press Releases

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on April 18, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 11:00 AM to 11:30 AM April 19, 2024 (Friday)  2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@  Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 565,150.54 6.34 5.00-7.40 I. Call Money 10,678.23 6.48 5.00-6.60 II. Triparty Repo 376,226.75 6.32 6.20-6.47 III. Market Repo 177,386.56 6.37 5.00-6.50 IV. Repo in Corporate Bond 859.00 6.60 6.55-7.40

Reserve Bank of India today placed on its website, for public comments, two draft directions on regulation of Payment Aggregators, as below:

The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018, had placed The City Co-operative Bank Ltd, Mumbai under Directions from the close of business on April 17, 2018. The validity of the directions was extended from time-to-time, the last being up to close of business on April 16, 2024.

The result of the auction of State Government Securities held on April 16, 2024 is as under: (Amount in ₹Crore) HARYANA 2034 UTTARAKHAND 2029 Total Notified Amount 1000 900 1900 Tenure 10 5 Competitive Bids Received

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 32,576 Amount accepted (in ₹ crore) 32,576 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Haryana 1000 1000 7.48 10 2 Uttarakhand 900 900 7.50 5  Total 1900 1900  

The Reserve Bank of India (RBI) has imposed, by an order dated March 30, 2024, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on Omkar Nagreeya Sahkari Bank Ltd., Kanpur (the bank) for non-compliance with direction issued under ‘Supervisory Action Framework (SAF) for Primary (Urban) Co-operative Banks (UCBs)’.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on April 16, 2024, Tuesday, as under:

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 March 2024. Ajit Prasad Director (Communications) Press Release: 2024-2025/109