Press Releases

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 474,459.81 6.69 3.01-7.10 I. Call Money 10,213.83 6.73 5.50-6.85 II. Triparty Repo 299,050.05 6.71 6.67-6.87 III. Market Repo 164,279.93 6.67 3.01-6.90 IV. Repo in Corporate Bond 916.00 6.89 6.85-7.10 B. Term Segment I. Notice Money** 1,242.54 6.65 5.40-6.80 II. Term Money@@ 643.00 - 6.90-7.05 III. Triparty Repo 2,925.40 6.87 6.55-7.05 IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

The Reserve Bank of India (RBI) has appointed Shri R. Lakshmi Kanth Rao as Executive Director (ED) with effect from May 10, 2024. Prior to being promoted as ED, Shri Rao was serving as Chief General Manager-in-Charge in the Department of Regulation.

The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹60,000 crore (face value). The following securities will be offered for buyback:

In terms of GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VII - Issue date November 13, 2017) and F.No.4(22) – B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series III - Issue date November 13, 2018) 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 tranches shall be May 13, 2024

In terms of GOI Notification F.No. 4(16) - W&M/2016 dated October 20, 2016 (SGB 2016-17 Series III- Issue date November 17, 2016) 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 May 17, 2024.

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 May 15,2024 (Wednesday) May 16,2024 (Thursday) 2 182 Days 7,000 3 364 Days 8,000 Total 27,000

The Reserve Bank of India (RBI) has, by an order dated May 09, 2024, imposed a monetary penalty of ₹1,50,000/- (Rupees One Lakh Fifty Thousand only) on Sundaram Home Finance Limited (the company) for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Direction, 2016’ issued by RBI. This penalty has been imposed in exercise of powers vested in RBI conferred under section 52A of the National Housing Bank Act, 1987. The statutory inspection of the company was conducted by the National Housing Bank with reference to its financial position as on March 31, 2022. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.

The Reserve Bank of India (RBI) has, by an order dated May 9, 2024, imposed a monetary penalty of ₹3,10,000/- (Rupees Three lakh Ten thousand only) on Belstar Microfinance Limited (the company) for non-compliance with certain provisions of the Reserve Bank of India (Know Your Customer (KYC)) Direction, 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 ₹6500 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹Crore) Additional Borrowing (Greenshoe) Option (₹Crore) Tenure (Year) Type of Auction 1 Andhra Pradesh 500 - 09 Yield 500 - 16 Yield 1000 - 21 Yield 1000 - 22 Yield 1000 - 23 Yield 2 Jammu & Kashmir 1000 - 25 Yield 3 Punjab 500 - 08 Yield 4 Telangana 1000 - 17 Yield Total 6500

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation May 5 Apr. 26 May 3 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 15455 13284 19755 6470 4300 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 7.32% GS 2030 7.30% GS 2053 I. Notified Amount ₹11,000 crore ₹9,000 crore II. Underwriting Notified Amount ₹11,000 crore ₹9,000 crore III. Competitive Bids Received (i) Number 234 306 (ii) Amount ₹ 42576 Crore ₹ 30974 Crore IV. Cut-off price / Yield 100.97 101.12 (YTM: 7.1309%) (YTM: 7.2066%)

The following 15 Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.  i) Due to exit from Non-Banking Financial Institution (NBFI) business:  Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued on Date of Cancellation of CoR 1 Vian Growth Capital Private Limited No.2151, 2nd Floor, HAL 2nd Stage, 17th Main, Bangalore, Karnataka – 560008 N-02.00351 September 19, 2022 April 04, 2024 2 Drap Leasing and Finance Pvt Ltd 701, Christa 1, Apollo D B City, Nipaniya Indore, Madhya Pradesh - 452010 B-03.00061 May 02, 1998 April 09, 2024

7.32% GS 2030 7.30% GS 2053 I. Notified Amount ₹11,000 crore ₹9,000 crore II. Cut off Price / Implicit Yield at cut-off 100.97/ 7.1309% 101.12/ 7.2066% III. Amount accepted in the auction ₹11,000 crore ₹9,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auctions conducted on May 10, 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) 7.32% GS 2030 11,000 5502 5498 11,000 0.12 7.30% GS 2053 9,000 4515 4485 9,000 0.18

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@  Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 479,643.08 6.68 4.00-7.10 I. Call Money 11,240.16 6.71 5.40-6.83 II. Triparty Repo 305,524.50 6.69 6.50-6.75 III. Market Repo 162,112.42 6.67 4.00-6.87 IV. Repo in Corporate Bond 766.00 6.91 6.90-7.10 B. Term Segment I. Notice Money** 1,240.32 6.57 5.85-6.90 II. Term Money@@ 719.00 - 6.55-7.95 III. Triparty Repo 435.00 6.65 6.60-6.75 IV. Market Repo 498.77 6.65 6.65-6.65

The Reserve Bank of India (RBI) has, by an order dated May 06, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Thoothukudi District Central Co-operative Bank Ltd., Thoothukudi, Tamil Nadu (the bank) for non-compliance with the directions issued by the National Bank for Agriculture and Rural Development (NABARD) on ‘Frauds - Guidelines for Classification, Reporting and Monitoring’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4) (i) and 56 of the Banking Regulation Act, 1949.

I. SUMMARY RESULTS Aggregate amount (Face Value) notified by RBI ₹40,000.000 crore Total amount offered (Face Value) by participants ₹53,333.979 crore Total amount accepted (Face Value) by RBI ₹10,512.993 crore II. DETAILS OF EACH SECURITY Security 6.18% GS 2024 9.15% GS 2024 6.89% GS 2025 No. of offers received 47 20 23 Total amount (Face Value) offered (₹ Crore) 28,464.954

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,19,190 Amount allotted (in ₹ crore) 50,003 Cut off Rate (%) 6.61 Weighted Average Rate (%) 6.64 Partial Allotment Percentage of bids received at cut off rate (%) 9.84

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on May 10, 2024.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 09, 2024, Thursday, as under: