Press Releases

Large scale outage in Microsoft Services is impacting IT systems globally leading to disruptions in various sectors. The Reserve Bank has made an assessment of the impact of this outage on its Regulated Entities. Critical systems of most banks are not in cloud and further, only a few banks are using the CrowdStrike tool. Our assessment shows that only 10 banks and NBFCs had minor disruptions which have either been resolved or are being resolved. Overall, the Indian financial sector in the Reserve Bank’s domain remains insulated from the global outage. The Reserve Bank has issued an Advisory today to its Regulated Entities for taking necessary steps to remain alert and ensure operational resilience and continuity.

The Reserve Bank of India (RBI) has, by an order dated July 15, 2024, imposed a monetary penalty of ₹1,90,000/- (Rupees One Lakh Ninety Thousand only) on Muthoot Finance Limited (the company) for non-compliance with certain provision of ‘Know Your Customer (KYC) Directions, 2016’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause (b) of sub-section (1) of section 58G read with clause (aa) of sub-section (5) of section 58B of the Reserve Bank of India Act, 1934.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹12,100 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1. Assam 1000 15 Yield 2. Goa 100 10 Yield 3. Kerala 1000 30 Yield 4. Rajasthan 1000 10 Yield 5. Tamil Nadu 1000 8 Yield 2000 10 Yield 6. Telangana 1000 13 Yield 1000 16 Yield 1000 18 Yield 7. West Bengal 3000 16 Yield Total 12100

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 8,000 July 24,2024 (Wednesday) July 25,2024 (Thursday) 2 182 Days 6,000 3 364 Days 6,000 Total 20,000

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Jul. 14 Jul. 5 Jul. 12 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 17596 25838 16359 -9479 -1236 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 7.10% GS 2034 7.46% GS 2073 I. Notified Amount ₹20,000 Crore ₹11,000 Crore II. Underwriting Notified Amount ₹20,000 Crore ₹11,000 Crore III. Competitive Bids Received  (i)  Number 378 252 (ii) Amount ₹ 57108.689 Crore ₹ 33240.410 Crore IV. Cut-off price / Yield 100.83 104.98 (YTM: 6.9788%) (YTM: 7.0938%) V. Competitive Bids Accepted  (i)  Number 146 59 (ii) Amount ₹ 19983.865 Crore ₹ 10988.822 Crore VI. Partial Allotment Percentage of Competitive Bids 61.08% 28.58%

7.10% GS 2034 7.46% GS 2073 I. Notified Amount ₹20,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.83/6.9788% 104.98/7.0938% III. Amount accepted in the auction ₹20,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/733

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 33,705 Amount accepted (in ₹ crore) 33,705 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

The Reserve Bank has today released data on Reserve Money for the week ended July 12, 2024.

In the underwriting auctions conducted on July 19, 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) 7.10% GS 2034 20,000 10,017 9,983 20,000 0.06 7.46% GS 2073 11,000 5,502 5,498 11,000 0.11 Auction for the sale of securities will be held on July 19, 2024.