Press Releases

As announced vide the Press Release 2024-2025/2013 dated January 27, 2025, the Reserve Bank will be conducting a USD/INR Buy/Sell swap auction of USD 5 billion for a tenor of 6 months.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The result of the auction of State Government Securities held on January 28, 2025 is as under: (Amount in ₹ Crore) ASSAM 2045 BIHAR 2037 BIHAR 2045 GUJARAT 2034 Notified Amount 500 1000 1000 1000 Tenure 20 12 20 9 Competitive Bids Received (i) No. 8 38 3 67 (ii) Amount 1245 2880 2150 4890 Cut off Price (₹)/ Yield (%) 7.11 7.12 7.11 7.05 Competitive Bids Accepted (i) No. 2 25 2 7 (ii) Amount 494.984 982.995 999.993 974.950

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Assam 500 500 7.11 20 2. Bihar 1000 1000 7.12 12 1000 1000 7.11 20 3. Gujarat 1000 1000 7.05 09 1000 1000 7.03 10 4. Haryana 2000 2000 7.14 13 5. Jammu and Kashmir 300 300 7.08 30 6. Karnataka 2000 2000 7.13 16

Tenor 1-day Notified Amount (in ₹ crore) 2,00,000 Total amount of bids received (in ₹ crore) 1,39,281 Amount allotted (in ₹ crore) 1,39,281 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 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) 5,48,635.18 6.55 5.10-6.85 I. Call Money 12,208.54 6.57 5.10-6.65 II. Triparty Repo 3,82,808.20 6.53 6.25-6.58 III. Market Repo 1,51,866.04 6.60 5.95-6.75 IV. Repo in Corporate Bond 1,752.40 6.80 6.80-6.85

The Reserve Bank has today published the Payment System Report, December 2024. This report, in addition to analysing the trends in payment transactions carried out using various payment systems in India during the last five calendar years up to CY-2024, covers important developments in the payment ecosystem and provides an in-depth analysis into UPI. Henceforth, the Report will be published on RBI website on half yearly basis.

The Governor, Reserve Bank of India held meetings with the MD & CEOs of Public Sector Banks and select Private Sector Banks on January 27, 2025 in Mumbai. These interactions are part of the Reserve Bank's continuous engagement with the Senior Management of its Supervised Entities. The meetings were also attended by Deputy Governors Shri M. Rajeshwar Rao, Shri T. Rabi Sankar and Shri Swaminathan J., along with Executive Directors-in-Charge of Regulation and Supervision. The previous such meeting was held on July 3, 2024.

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹30,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.79% GS 2031 Dec 30, 2031 10,000 F.No.4(3)-B(W&M)/2024 dated January 27, 2025 January 31, 2025 (Friday) February 03, 2025 (Monday) 2 6.79% GOI SGrB 2034 Dec 02, 2034 5,000 3 7.34% GS 2064 Apr 22, 2064 15,000 Total 30,000

The Reserve Bank of India (RBI) has, by an order dated January 24, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Kheralu Nagrik Sahakari Bank Limited, Dist. Mehsana, Gujarat (the bank) for non-compliance with directions issued by RBI on ‘Investment by Primary (Urban) Co-operative Banks’ and

The Reserve Bank of India (RBI) has, by an order dated January 23, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on Marketyard Commercial Cooperative Bank Limited, Unjha, Dist. Mehsana, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Donations / Contributions for public /charitable purposes out of profits of UCBs’, ‘Donations to Trusts and Institutions where Directors, their relatives hold position or are interested’, ‘Loans and advances to directors, their relatives, and firms / concerns in which they are interested’ and ‘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 Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

As announced vide the Press Release 2024-2025/2013 dated January 27, 2025, the Reserve Bank will be conducting OMO purchase for an aggregate amount of ₹20,000 crores on January 30, 2025. 2. Accordingly, RBI will purchase the following Government securities through a multi-security auction using the multiple price method: Sr. No ISIN Security Date of Maturity Aggregate Amount 1 IN0020150069 7.59% GS 2029 20-Mar-2029 ₹20,000 crores (There is no security-wise notified amount)

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: a) OMO purchase auctions of Government of India securities for an aggregate amount of ₹60,000 crore in three tranches of ₹20,000 crore each to be held on January 30, 2025, February 13, 2025, and February 20, 2025 b) 56-day Variable Rate Repo (VRR) auction for a notified amount of ₹50,000 crore to be held on February 7, 2025 c) USD/INR Buy/Sell Swap auction of USD 5 billion for a tenor of six months to be held on January 31, 2025

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

In exercise of the powers conferred under Section 45-IE(1) of the Reserve Bank of India Act, 1934, and as per recommendation of National Housing Bank (NHB), the Reserve Bank has today superseded the board of directors of Aviom India Housing Finance Private Limited (the company) owing to governance concerns and defaults in meeting various payment obligations, and appointed Shri Ram Kumar, ex-CGM of Punjab National Bank, as the Administrator under Section 45-IE(2) of the Reserve Bank of India Act, 1934. The Reserve Bank intends to shortly initiate the process of resolution of the company under the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019, and would also apply to the NCLT, New Delhi, for appointing the Administrator as the Insolvency Resolution Professional.

(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 - -

(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 - -

Tenor 1-day Notified Amount (in ₹ crore) 2,00,000 Total amount of bids received (in ₹ crore) 1,93,661 Amount allotted (in ₹ crore) 1,93,661 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 Partial Allotment Percentage of bids received at cut off rate (%) NA

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,48,443.86 6.59 5.10-6.90 I. Call Money 11,569.87 6.57 5.10-6.70 II. Triparty Repo 3,81,193.75 6.58 6.50-6.70 III. Market Repo 1,53,863.34 6.61 5.84-6.78 IV. Repo in Corporate Bond 1,816.90 6.86 6.80-6.90

The Reserve Bank of India released the Annual Report of the Ombudsman Scheme for the period April 1, 2023 to March 31, 2024 . The Annual Report covers the activities under the Reserve Bank – Integrated Ombudsman Scheme (RB-IOS), 2021 as well as major developments during the year in consumer education and protection and the way forward.

The rate of interest on the Government of India Floating Rate Bonds, 2035 (GOI FRB 2035) applicable for the period January 25, 2025 to January 24, 2030 shall be 6.66 per cent per annum.

In terms of GOI Notification F.No.4(20)–W&M /2017 dated July 06, 2017 (SGB 2017-18 Series II -Issue date July 28, 2017) 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 January 28, 2025. 2. Further, the redemption price of SGB shall be based on simple average of closing gold price of 999 purity, of the week (Monday-Friday), preceding the date of

Auction of State Government Securities The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹32,000 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹Crore) Tenure (Year) Type of Auction 1. Assam 500 20 Yield 2. Bihar 1000 12 Yield 1000 20 Yield 3. Gujarat 1000 09 Yield 1000 10 Yield 4. Haryana 2000 13 Yield 5. Jammu and Kashmir 300 30 Yield 6. Karnataka 2000 16 Yield 2000 Re-issue of 7.13% Karnataka SDL 2038, issued on February 23, 2022 Price 7. Maharashtra 2000 Re-issue of 7.11% Maharashtra SGS 2036, issued on September 25, 2024 Price 2000 Re-issue of 7.11% Maharashtra SGS 2038, issued on January 08, 2025 Price 8. Odisha 1000 06 Yield

The Reserve Bank of India (RBI) has, by an order dated January 07, 2025, imposed a monetary penalty of ₹1,63,60,000 (Rupees One crore sixty three lakh sixty thousand only) on Canara Bank (the bank) for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending - Targets and Classification’, ‘Interest Rate on Deposits’ and ‘Financial Inclusion - Access to Banking Services - Basic Savings Bank Deposit Account (BSBDA)’. 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 51(1) of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated January 07, 2025, imposed a monetary penalty of ₹1.00 crore (Rupees One Crore only) on Bank of India (the bank) for non-compliance with provisions of Section 26A of the Banking Regulation Act, 1949 (BR Act) read with the ‘Depositor Education and Awareness Fund Scheme, 2014’. 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 51(1) of the BR Act.

The Reserve Bank of India (RBI) has, by an order dated January 14, 2025, imposed a monetary penalty of ₹3,31,80,000 (Rupees Three Crore Thirty One Lakh Eighty Thousand only) on Jammu and Kashmir Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Financial Inclusion - Access to Banking Services - Basic Savings Bank Deposit Account (BSBDA)’, ‘Know Your Customer’ and ‘Loans and Advances - Statutory and Other Restrictions’. This penalty has been imposed in exercise of powers

The Reserve Bank of India (RBl) has, by an order dated January 15, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Datson Exports Ltd., West Bengal (the company) for non-compliance with certain directions issued by RBI on ‘Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58 G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

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 12,000 January 29, 2025 (Wednesday) January 30, 2025 (Thursday) 2 182 Days 8,000 3 364 Days 8,000 Total 28,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Jan. 19 Jan. 10 Jan. 17 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 18712 14620 23623 9003 4911 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 6.79% GS 2034 7.09% GS 2074 I. Notified Amount ₹22,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹22,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 329 166 (ii) Amount ₹53466.647 Crore ₹21200.846 Crore

6.79% GS 2034 7.09% GS 2074 I. Notified Amount ₹22,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.43/6.7270% 100.86/7.0266% III. Amount accepted in the auction ₹22,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL

Tenor 14-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 1,62,096 Amount allotted (in ₹ crore) 1,62,096 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 Partial Allotment Percentage of bids received at cut off rate (%) NA

Tenor 3-day Notified Amount (in ₹ crore) 2,00,000 Total amount of bids received (in ₹ crore) 2,22,968 Amount allotted (in ₹ crore) 2,00,011 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.53 Partial Allotment Percentage of bids received at cut off rate (%) 93.76%

In the underwriting auction conducted on January 24, 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:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,43,213.23 6.56 5.00-6.95 I. Call Money 10,718.40 6.57 5.10-6.70 II. Triparty Repo 3,81,865.60 6.54 6.22-6.64 III. Market Repo 1,49,466.53 6.61 5.00-6.85 IV. Repo in Corporate Bond 1,162.70 6.91 6.90-6.95

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 upto July 27, 2022, as modified from time to time, which were last extended upto January 27, 2025 vide Directive DOR.MON/D-63/12.28.007/2024-25 dated October 18, 2024. 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 January 27, 2025.

The Reserve Bank of India (RBI) has, by an order dated January 21, 2025, imposed a monetary penalty of ₹8.30 lakh (Rupees Eight lakh thirty thousand only) on Dombivli Nagari Sahakari Bank Limited (the bank), for non-compliance with certain directions issued by RBI on ‘Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks’. 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

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The Reserve Bank of India, vide directive No.CO.DOS. SED. No. S592/45-11-001/2024-25 dated April 23, 2024, had placed The Konark Urban Co-operative Bank Ltd., Ulhasnagar under Directions from the close of business on April 23, 2024 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to the close of business on January 23, 2025

(Amount in ₹ Crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 12-Jan-2024 27-Dec-2024* 10-Jan-2025* 12-Jan-2024 27-Dec-2024* 10-Jan-2025* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 262755.36 291575.28 270043.39 266353.50 296174.25 274793.96** b) Borrowings from banks 180980.14 138334.17 143688.80 181010.43 138393.41 143757.03 c) Other demand & time liabilities 69746.41 26605.84 30536.34 70413.30 26928.62 30850.90

I. SUMMARY RESULTS Aggregate amount (Face Value) notified by RBI ₹ 20,000.000 crore Total amount offered (Face Value) by participants ₹ 23,279.373 crore Total amount accepted (Face Value) by RBI ₹ 9,666.318 crore II. DETAILS OF EACH SECURITY Security 7.72% GS 2025 5.22% GS 2025 8.20% GS 2025 5.15% GS 2025 7.59% GS 2026 No. of offers received 13 28 4 11 5 Total amount (Face Value) offered (₹ Crore) 5,669.150 10,768.736 1,632.990 3,101.168 2,107.329 No of offers accepted 3 7 1 5 NIL Total amount (Face Value) accepted by RBI (₹ Crore) 1,350.000 5,990.103 575.000 1,751.215 NIL

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 20,668 Amount allotted (in ₹ crore) 20,668 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 24, 2025 (Friday).

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on January 23, 2025, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 11:30 AM to 12:00 Noon January 24, 2025 (Friday)

Tenor 1-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,69,262 Amount allotted (in ₹ crore) 1,25,015 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.54 Partial Allotment Percentage of bids received at cut off rate (%) 71.62%

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,39,682.80 6.61 4.00-7.00 I. Call Money 11,489.71 6.56 5.10-6.70 II. Triparty Repo 3,65,275.25 6.59 6.21-6.70 III. Market Repo 1,61,059.79 6.66 4.00-6.85 IV. Repo in Corporate Bond 1,858.05 6.89 6.75-7.00 B. Term Segment I. Notice Money** 1,054.90 6.58 5.85-6.65 II. Term Money@@ 261.50 - 6.65-7.50 III. Triparty Repo 205.00 6.70 6.70-6.70 IV. Market Repo 200.00 6.78 6.78-6.78 V. Repo in Corporate Bond 0.00 - -

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The Reserve Bank has today released data on Reserve Money for the week ended January 17, 2025 and Money Supply for the fortnight ended January 10, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹8000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 121 98 127 (ii) Amount ₹32847.030 Crore ₹20279.050 Crore ₹38751.500 Crore III. Cut-off price / Yield 98.3790 96.7640 93.7553 (YTM:6.6089%) (YTM:6.7068%) (YTM:6.6789%) IV. Competitive Bids Accepted

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3790 (YTM:6.6089%) 96.7640 (YTM: 6.7068%) 93.7553 (YTM: 6.6789%) IV. Total Face Value Accepted ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore

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 22, 2025 vide Directive DOR.MON.D-61/12.29.046/2024-25 dated October 17, 2024. 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 22, 2025.

Tenor 1-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,72,528 Amount allotted (in ₹ crore) 1,25,009 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 Partial Allotment Percentage of bids received at cut off rate (%) 47.90%

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,65,058.42 6.59 5.10-6.90 I. Call Money 13,600.69 6.58 5.10-6.90 II. Triparty Repo 3,97,847.20 6.58 6.48-6.90 III. Market Repo 1,51,849.83 6.60 6.15-6.89 IV. Repo in Corporate Bond 1,760.70 6.73 6.70-6.85

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 January 22, 2025.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The result of the auction of State Government Securities held on January 21, 2025 is as under:

In exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to the following Non-Banking Financial Company (NBFC):

Sr. No    State    Amount to be raised (₹ Crore)    Amount Accepted (₹ Crore)    Cut off Price (₹)/ Yield (%)    Tenure (Year) 1.    Bihar    1000    1000    7.15    12 1000    1000    7.14    20 2.    Gujarat    1000    1000    7.12    10 3.    Haryana    1000    1000    7.14    13 4.    Karnataka    2000    2000    7.15    13 2000    2000    100.10/7.1391    Re-issue of 7.15% Karnataka SGS 2042, issued on January 01, 2025 5.    Kerala    1500    1500    7.14    20 6.    Maharashtra    2500    2500    99.50/7.1693    Re-issue of 7.11% Maharashtra SGS 2038, issued on January 08, 2025 2500    2500    100.01/7.1386    Re-issue of 7.14% Maharashtra SGS 2043, issued on January 08, 2025 

Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 71,900 Amount allotted (in ₹ crore) 71,900 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 Partial Allotment Percentage of bids received at cut off rate (%)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,81,800.16 6.46 0.01-6.99 I. Call Money 13,346.10 6.63 5.10-6.85 II. Triparty Repo 3,99,532.90 6.41 6.05-6.55 III. Market Repo 1,67,130.46 6.56 0.01-6.99 IV. Repo in Corporate Bond 1,790.70 6.76 6.75-6.80

The Reserve Bank of India has today announced the names of the members of the Standing External Advisory Committee (SEAC) for evaluating applications for Universal Banks as well as Small Finance Banks. The tenure of the SEAC will be for three years. The composition of SEAC is: 1. Shri M. K. Jain, former Deputy Governor, Reserve Bank of India Chairperson 2. Ms. Revathy Iyer, Director, Central Board, Reserve Bank of India Member

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 of such Gold Bond on the date on which interest is payable.  Accordingly, the due date of premature redemption of the above tranche shall be January 21, 2025.

Government of India (GOI) has announced the sale (re-issue) of two dated securities 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 6.79% GS 2034 Oct 07, 2034 22,000 F.No.4(3)-B(W&M)/2024 dated January 20, 2025 January 24, 2025 (Friday) January 27, 2025 (Monday)

The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹20,000 crore (face value). The security-wise details of the buyback are as under: S.No. Security Date of Maturity 1 7.72% GS 2025 May 25, 2025 2 5.22% GS 2025 June 15, 2025 3 8.20% GS 2025 September 24, 2025 4 5.15% GS 2025 November 09, 2025 5 7.59% GS 2026 January 11, 2026

The Reserve Bank of India, had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Thodupuzha Urban Co-operative Bank Ltd. Kerala vide Directive No.CO.DOS.SED.No.S3361/12.07.005/2022-23 dated August 23, 2022, for a period of six months.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

(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 - -

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 20,469.59    6.24    5.20-6.70 I. Call Money 1,168.15    6.12    5.75-6.70

Tenor 1-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 75,772 Amount allotted (in ₹ crore) 75,772 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 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) 4,432.75 6.49 5.50-7.00 I. Call Money 1,298.30 6.26 5.75-6.70 II. Triparty Repo 1,281.75 6.33 5.50-7.00 III. Market Repo 37.00 6.20 6.20-6.20 IV. Repo in Corporate Bond 1,815.70 6.76 6.72-6.78

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹1.75 lakh (Rupees One Lakh Seventy Five Thousand only) on Mukkuperi Co-operative Urban Bank Limited, Tamil Nadu (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’, certain directions issued on ‘Loans and advances to directors, their relatives, and firms / concerns in which they are interested’, and ‘Know Your Customer (KYC)’.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹17,500 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Bihar 1000 12 Yield 1000 20 Yield 2 Gujarat 1000 10 Yield

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

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 12,000 January 22, 2025 (Wednesday) January 23, 2025 (Thursday) 2 182 Days 8,000 3 364 Days 8,000 Total 28,000

Today, the Reserve Bank released the January 2025 issue of its monthly Bulletin. The Bulletin includes seven articles and current statistics. Report on Trend and Progress of Banking 2023-24 and Financial Stability Report December 2024 are supplements to the January 2025 Bulletin.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Jan. 12 Jan. 3 Jan. 10 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 16087 36637 14620 -22017 -1467 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 6.75% GS 2029 6.92% GS 2039 7.09% GS 2054 I. Notified Amount ₹14,000 crore ₹12,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹14,000 crore ₹12,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 124 211 240 (ii) Amount ₹22572.940 Crore ₹27947.193 Crore ₹28141.898 Crore IV. Cut-off price / Yield 100.08 100.28 100.27 (YTM: 6.7289%) (YTM: 6.8881%) (YTM: 7.0677%)

6.75% GS 2029 6.92% GS 2039 7.09% GS 2054 I. Notified Amount ₹14,000 crore ₹12,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.08/6.7289% 100.28/6.8881% 100.27/7.0677% III. Amount accepted in the auction ₹14,000 crore ₹12,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 33,467 Amount allotted (in ₹ crore) 33,467 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 Partial Allotment Percentage of bids received at cut off rate (%) NA

In the underwriting auction conducted on January 17, 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:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,68,031.51 6.43 5.10-7.52 I. Call Money 12,689.22 6.55 5.10-6.80 II. Triparty Repo 3,89,524.45 6.41 6.00-6.58 III. Market Repo 1,64,054.14 6.49 5.50-7.52 IV. Repo in Corporate Bond 1,763.70 6.65 6.60-6.70

The Reserve Bank of India (RBl) has, by an order dated January 08, 2025, imposed a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Parbhani District Central Co-operative Bank Ltd., Parbhani, Maharashtra (the bank) for contravention of provisions of Section 20 and Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act). 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 BR Act

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

To encourage greater use of Indian Rupee (INR) for trade transactions, in July 2022, an additional arrangement in the form of Special Rupee Vostro Account (SRVA) was introduced. Several foreign banks have since opened SRVAs with banks in India. The Reserve Bank has also signed Memorandum of Understanding (MoU) with the central banks of the United Arab Emirates, Indonesia and Maldives, to encourage cross-border transactions in local currencies. Further, in December 2023 the Foreign Exchange Management (Manner of Receipt and Payment) Regulations were revised to enable cross border transactions in all foreign currencies (including local currencies of trading partner countries) and INR.

The Reserve Bank of India announced today the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs for the year 2024-25. 2. The Reserve Bank had issued the Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs (the framework) on October 22, 2021. The framework categorises NBFCs in Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL) and gives the methodology to identify the NBFCs in the Upper Layer as per their asset size and scoring methodology. Accordingly, the 2024-25 list of NBFC-UL is as under:

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Defence Accounts Co-operative Bank Ltd., Pune vide Directive No.CO.DOS.SED.No.S8241/12-22-316/2022-23 dated March 09, 2023, for a period of six months. The same were modified from time to time and were last extended up to the close of business on March 10, 2025.

I SUMMARY RESULTS Aggregate amount (Face Value) notified by RBI ₹ 30,000.000 crore Total amount offered (Face Value) by participants ₹ 36,051.619 crore Total amount accepted (Face Value) by RBI ₹ 9,892.474 crore

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 17, 2025 (Friday).

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 30,760 Amount allotted (in ₹ crore) 30,760 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 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) 5,47,006.59 6.38 0.01-6.85 I. Call Money 11,280.02 6.45 5.10-6.70 II. Triparty Repo 3,75,991.85 6.37 6.25-6.76 III. Market Repo 1,57,929.02 6.40 0.01-6.85 IV. Repo in Corporate Bond 1,805.70 6.57 6.50-6.70

On a review of current and evolving liquidity conditions, it has been decided to conduct Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice. The reversal of VRR auction conducted on a Friday will take place on the ensuing Monday or the next working day, if Monday is a holiday in Mumbai. The auction will be conducted between 10:00 AM and 10:30 AM every day.

In terms of GOI Notification F.No.4(7)–B(W&M) /2019 dated May 30, 2019 (SGB 2019-20 Series II -Issue date July 16, 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 January 16, 2025.

The Reserve Bank has today released data on Reserve Money for the week ended January 10, 2025.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹8000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 100 85 114 (ii) Amount ₹31166.080 Crore ₹19631.300 Crore ₹24784.350 Crore III. Cut-off price / Yield 98.3803 96.7585 93.7335 (YTM:6.6036%) (YTM:6.7186%) (YTM:6.7038%) IV. Competitive Bids Accepted (i) Number 45 44 45 (ii) Amount ₹11966.226 Crore ₹7970.328 Crore ₹7966.973 Crore V. Partial Allotment Percentage of Competitive Bids 42.03% 18.06% 94.57%

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3803 (YTM:6.6036%) 96.7585 (YTM: 6.7186%) 93.7335

The Reserve Bank has launched the 44th round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period January-March 2025. The survey assesses the business situation for the current quarter (Q4:2024-25) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q1:2025-26) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q2:2025-26 and Q3:2025-26) are also covered.

The Reserve Bank has launched the 109th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period January-March 2025. The survey assesses business sentiment for the current quarter (Q4:2024-25) and expectations for the ensuing quarter (Q1:2025-26), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q2:2025-26 and Q3:2025-26) are also covered.

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 December 2024.