Press Releases

The value of exports and imports of services during September 2025 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) July – 2025 33,740 (10.2) 17,293 (8.5) August – 2025 31,191 (2.7) 15,591 (-5.3)

5.91% GS 2028 6.28% GS 2032 7.24% GS 2055 6.98% GOI SGrB 2054 I. Notified Amount ₹9,000 crore ₹11,000 crore ₹7,000 crore ₹5,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.16/ 5.8404% - 99.97/ 7.2412% 97.47/ 7.1876% III. Amount accepted in the auction ₹9,000 crore NIL ₹7,000 crore ₹5,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL NIL

In the underwriting auction conducted on October 31, 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: Nomenclature of the Security Notified Amount (₹crore) Minimum Underwriting Commitment (MUC) Amount (₹crore) Additional Competitive Underwriting Amount Accepted (₹crore) Total Amount underwritten (₹crore) ACU Commission Cut-off rate (Paise per ₹100) 5.91% GS 2028 9,000 4,515 4,485 9,000 0.15

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,65,273.51 5.49 4.85-6.60 I. Call Money 16,150.20 5.57 4.85-5.68 II. Triparty Repo 4,50,202.85 5.47 5.15-5.55 III. Market Repo 1,95,168.61 5.53 5.00-6.00 IV. Repo in Corporate Bond 3,751.85 5.71 5.65-6.60 B. Term Segment I. Notice Money** 840.15 5.34 4.85-5.70

The Reserve Bank of India (RBl) has, by an order dated October 23, 2025, imposed a monetary penalty of ₹1

The Reserve Bank of India (RBI) has, by an order dated October 28, 2025, imposed a monetary penalty of ₹25 lakh (Rupees Twenty Five Lakh only) on The Mehsana Urban Co-operative Bank Limited, Gujarat (the bank), for non-compliance with certain directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs’. 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.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 18-Oct-2024 03-Oct-2025* 17-Oct-2025* 18-Oct-2024 03-Oct-2025* 17-Oct-2025* LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 294002.82 319163.07 317202.13 298612.42 327465.76 324259.03** b) Borrowings from banks 130776.35 83912.67 84168.72 130806.35 83950.17 84176.79

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on October 31, 2025 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting

Tenor 1-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 1,20,702 Amount allotted (in ₹ crore) 1,00,012 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 Partial Allotment Percentage of bids received at cut off rate (%) 82.38

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,68,000.82 5.51 4.85-6.60 I. Call Money 15,955.31 5.56 4.85-5.75 II. Triparty Repo 4,52,410.80 5.50 5.44-5.85 III. Market Repo 1,95,725.16 5.53 5.10-5.95

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Thursday, October 30, 2025, as under:

In terms of GOI notification F.No.4(7)-B (W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series-VI-Issue date October 30, 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 on October 30, 2025.

In terms of GOI notification F.No.4(25)-(W&M)/2017 dated October 06, 2017 (SGB 2017-18 Series-V-Issue date October 30, 2017) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be October 30, 2025.

The Reserve Bank of India today placed on its website a draft circular on Guidelines to facilitate faster cross-border inward payments. Comments / feedback on the draft Circular are invited from banks by November 19, 2025. The comments/ feedback may be submitted through the link under the ‘Connect2Regulate’ Section available on the Reserve Bank’s website. Comments may alternatively be forwarded to:

The rate of interest on Government of India Floating Rate Bond 2034 (GOI FRB 2034) applicable for the half year October 30, 2025 to April 29, 2026 shall be 6.54 per cent per annum. It may be recalled that FRB 2034 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., October 30, 2025) of 182 Day T-Bills, plus a fixed spread (0.98 per cent).

Today, the Reserve Bank released the provisional results of the 2024-25 round of the annual census on foreign liabilities and assets (FLA) covering cross-border liabilities and assets of the Indian entities {viz., companies, limited liability partnerships (LLPs), alternative investment funds (AIFs) and partnership firms} with inward/outward direct investment (DI). Out of the 45,702 entities which responded in the latest census, 41,517 reported foreign direct investment (FDI) and/or overseas direct investment (ODI) in their balance sheet for March 2025. Of these entities, 33,637 had also reported in the previous census round and 7,880 have newly reported in the current round. Over three-fourths of the companies that reported inward direct investment were subsidiaries of foreign companies (i.e., single foreign investor holding more than 50 per cent of total equity).

     The Reserve Bank has today released data on Reserve Money for the fortnight ended October 24, 2025

(Amount in ₹ crore) Auction Results 91-Day 182-Day 364-Day I. Notified Amount 7,000 6,000 6,000 II. Competitive Bids Received

I. T-Bill 91-Day 182-Day 364-Day II. Total Face Value Notified ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.6575 (YTM:5.4580%) 97.2840 (YTM: 5.5990%) 94.7275 (YTM: 5.5813%) IV. Total Face Value Accepted ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore

Reserve Bank of India had invited entries under the captioned scheme vide press release dated 05 June 2025. On evaluation of the entries received, it has been decided to award Dr. Keshav Prasad 'Saras', retired Associate Professor, Chandrashekhar Azad University of Agriculture and Technology, Kanpur under this scheme for his book “कृषि वित्त एवं सहकारिता’’.

Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 58,512 Amount allotted (in ₹ crore) 58,512 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 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) 6,70,181.10 5.45 4.85-6.60 I. Call Money 19,292.87 5.56 4.85-5.68 II. Triparty Repo 4,47,488.75 5.41 5.01-5.55 III. Market Repo 1,99,766.93 5.53 5.00-5.75 IV. Repo in Corporate Bond 3,632.55 5.73 5.65-6.60

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, October 29, 2025, as under:

It may be recalled that in February 2004, the Reserve Bank initiated the practice of compiling half-yearly reports on the management of foreign exchange reserves and making them public to promote greater transparency and enhance disclosure in the management of the country’s foreign exchange reserves.

The result of the auction of State Government Securities held on October 28, 2025, is as under: (Amount in ₹ Crore) GOA SGS 2037 HARYANA SGS 2033 HARYANA SGS 2037 HARYANA SGS 2039 Notified Amount 100 1000 1000 1000 Tenor 12 -Years 8 -Years 12 -Years 14 -Years Competitive Bids Received (i) No. 17 51 67 68 (ii) Amount 670 5285 4995 3200 Cut-off Yield (%) 7.28 7.10 7.29 7.35 Cut off Price (₹) 100 100 100 100

Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 1,25,521

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,62,548.17 5.52 4.85-6.60 I. Call Money 16,781.31 5.59 4.85-5.75 II. Triparty Repo 4,50,356.85 5.50 5.10-5.56 III. Market Repo 1,91,781.46 5.56 5.00-6.00 IV. Repo in Corporate Bond 3,628.55 5.76 5.60-6.60

The Reserve Bank of India (RBI) has, by an order dated October 22, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Tumkur District Co-operative Central Bank Limited, Karnataka (the bank) for contravention of provisions of Section 20 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.

The Reserve Bank of India (RBI) has, by an order dated October 23, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One lakh only) on The Valparai Co-operative Urban Bank Ltd., Coimbatore, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC

The Reserve Bank of India (RBI) has, by an order dated October 23, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Shevapet Urban Co-operative Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI under ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. 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.

The Reserve Bank of India (RBI) has, by an order dated October 22, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Kamuthi Co-operative Urban Bank Ltd., Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘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.

The Reserve Bank of India (RBI) has, by an order dated October 22, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Arantangi Co-operative Town Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Declaration of dividend by UCBs’. 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.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, October 28, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 1 09:30 AM to 10:00 AM October 29, 2025 (Wednesday)

In terms of GOI notification F.No. 4(4)-B (W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-I-Issue date April 28, 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 next due date of premature redemption of the above tranche shall be on October 28, 2025.

The 30th Meeting of the Standing Advisory Committee (SAC) to review the flow of credit to the Micro, Small and Medium Enterprises (MSME) sector was held in Coimbatore on October 27, 2025, under the chairmanship of Shri Swaminathan J, Deputy Governor, Reserve Bank of India. The meeting was attended by the Executive Directors from RBI, Additional Secretary from the Ministry of MSME and Joint Secretary from the Department of Financial Services, Ministry of Finance, Government of India; Chairman, SIDBI; Managing Directors of SBI and Punjab National Bank, senior management of major banks and NABARD; senior executives of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), National Credit Guarantee Trustee Company Limited (NCGTC), Khadi & Village Industries Commission (KVIC), Indian Banks’ Association (IBA), Finance Industry Development Council (FIDC), and representatives from MSME associations. The last two meetings of SAC were held in Lucknow and Ahmedabad.

The Reserve Bank had announced the receipt of application from VFS Capital Limited under the Guidelines for ‘on tap’ Licensing of Small Finance Banks in the press release on January 01, 2025. It is now communicated that VFS Capital Limited has withdrawn its application.

Government of India (GoI) has announced the sale (re-issue) of four 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 5.91% GS 2028 Jun 30, 2028 9,000 F.No.4(1)-B(W&M)/2025 dated October 27, 2025 October 31, 2025 (Friday) November 03, 2025 (Monday) 2 6.28% GS 2032 Jul 14, 2032 11,000 3 7.24% GS 2055 Aug 18, 2055 7,000

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,788 Amount allotted (in ₹ crore) 1,788 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 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) 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) 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 - -

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on Monday, October 27, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 11:00 AM to 11:30 AM October 28, 2025 (Tuesday)

Tenor 1-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 1,45,253 Amount allotted (in ₹ crore) 1,00,022 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 Partial Allotment Percentage of bids received at cut off rate (%) 62.87

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,58,514.11 5.52 4.85-6.50 I. Call Money 18,730.15 5.58 4.85-6.00 II. Triparty Repo 4,29,330.50 5.52 5.35-5.85 III. Market Repo 2,06,905.91 5.50 5.00-6.00 IV. Repo in Corporate Bond 3,547.55 5.64 5.54-6.50 B. Term Segment I. Notice Money** 256.40 5.38 4.95-5.45 II. Term Money@@ 930.00 - 5.40-6.05

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Monday, October 27, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 1 09:30 AM to 10:00 AM October 28, 2025 (Tuesday)

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated October 01, 2025, the Reserve Bank of India (RBI) has today issued the following draft Directions for public comments:

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹17,800 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Goa 100 12 Yield 2. Haryana 1000 08 Yield 1000 12 Yield 1000 14 Yield 1000 16 Yield 3. Himachal Pradesh 200 06 Yield 4. Jammu and Kashmir 300 17 Yield

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 7,000 October 29, 2025 (Wednesday) October 30, 2025 (Thursday) 2 182-Day 6,000 3 364-Day 6,000 Total 19,000

In terms of para 7(b) of the captioned Directions dated July 29, 2025, it has been stipulated that the Reserve Bank may, in consultation with the Government of India, by a notification, exempt certain Alternative Investment Funds (AIFs) from the scope of the above Directions (except for paragraph 5 – “General Requirement”), and the previous circulars dated December 19, 2023 and March 27, 2024 issued on the matter.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Oct. 18 Oct. 10 Oct. 17 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 23398 16116 30095 13979 6697 * Data are provisional; difference, if any, is due to rounding off.

Tenor 3-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 30,750 Amount allotted (in ₹ crore) 30,750 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 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) 6,48,081.04 5.33 4.00-6.45 I. Call Money 14,926.60 5.46 4.40-5.60 II. Triparty Repo 4,16,177.00 5.27 4.75-5.45 III. Market Repo 2,13,994.89 5.44 4.00-6.00 IV. Repo in Corporate Bond 2,982.55 5.67 5.55-6.45 B. Term Segment I. Notice Money** 46.20 5.18 5.00-5.25

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 October 27, 2025 vide Directive DOR.MON.No.D-22/12.28.007/2025-26 dated July 17, 2025. The Reserve Bank of India is satisfied that in public interest, it is necessary to further extend the period of operation of the Directive beyond October 27, 2025.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, October 24, 2025, as under:

Reserve Bank is organising its fourth global hackathon – ‘HaRBInger 2025 – Innovation for Transformation’. The participants are invited to develop solutions using technology and innovative approaches under the following theme and problem statements:

The Reserve Bank of India (RBI) has, by an order dated October 3, 2025, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Rampur Jilla Sahkari Bank Ltd., Uttar Pradesh (the bank) for contravention of provisions of 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.

The Reserve Bank of India today placed on its website a Draft circular on Unique Transaction Identifier for OTC Derivative Transactions in India.Comments on the draft Circular are invited from banks, market participants and other interested parties by November 14, 2025.

(Amount in ₹ crore) Auction Results 91-Day 182-Day 364-Day I. Notified Amount 7,000    6,000    6,000 II. Competitive Bids Received (i)  Number 76    63    77 (ii) Amount 20,721.00    22,022.50    21,410.00

The Reserve Bank has today published the half-yearly Payment System Report, June 2025. This report, in addition to analysing the trends in payment transactions carried out using various payment systems in India during the last six calendar years up to the first half of calendar year 2025, covers important developments in the payment ecosystem and an in-depth analysis of the Real Time Gross Settlement (RTGS) system.

I. T-Bill 91-Day 182-Day 364-Day II. Total Face Value Notified ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.6572 (YTM:5.4593%) 97.2900 (YTM: 5.5863%) 94.7295 (YTM: 5.5790%) IV. Total Face Value Accepted ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore

The Reserve Bank has today released data on Reserve Money for the fortnight ended October 17, 2025.

(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 - -

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) 50,000 Total amount of bids received (in ₹ crore) 475 Amount allotted (in ₹ crore) 475 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 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) 6,19,511.04 5.49 4.50-6.60 I. Call Money 11,898.90 5.61 4.50-5.68 II. Triparty Repo 3,96,644.50 5.44 5.01-5.61 III. Market Repo 2,07,965.09 5.56 4.50-5.85 IV. Repo in Corporate Bond 3,002.55 5.78 5.70-6.60 B. Term Segment I. Notice Money** 39.00 5.18 5.00-5.24

In terms of GOI notification F. No.4(25)-(W&M)/2017 dated October 06, 2017 (SGB 2017-18 Series-IV-Issue date October 23, 2017) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be October 23, 2025.

In terms of GOI notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series-II-Issue date October 23, 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 tranche shall be on October 23, 2025.

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 October 22, 2025 vide Directive DOR.MON.D-21/12.29.046/2025-26 dated July 17, 2025. 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 October 22, 2025.

Today, the Reserve Bank released the October 2025 issue of its monthly Bulletin. The Bulletin includes bi-monthly monetary policy statement (October 2025), five speeches, five articles and current statistics. The five articles are: I. State of the Economy; II. Resilience and Revival: India’s Private Corporate Sector; III. Fundraising by Indian Small and Medium Enterprises through IPO: Recent Trends and Developments; IV. Compliance to Confidence: A Data Quality Model for Central Banks; and V. Steel Under Siege: Understanding the Impact of Dumping on India.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Thursday, October 23, 2025, as under:

The result of the auction of State Government Securities held on October 20, 2025, is as under: (Amount in ₹ Crore) CHHATTISGARH SGS 2040 CHHATTISGARH SGS 2032 MAHARASHTRA SGS 2036 MAHARASHTRA SGS 2050 Notified Amount 1000 1000 1500 1000 Tenor 15 -Years Re-issue of 7.14% CHHATTISGARH SGS 2032 issued on 19-MAR-2025 11 -Years 25 -Years

A. Source Security 8.15% GS 2026 6.79% GS 2027 8.26% GS 2027 6.64% GS 2027 7.37% GS 2028 B. Notified Amount (in ₹ crore) 4,000 5,000 2,000 3,000 5,000 Destination Security 7.50% GS 2034 6.57% GS 2033 7.34% GS 2064 6.19% GS 2034 7.57% GS 2033 C. i. No. of offers received 12 54 4 12 18 ii. Total amount of Source Security offered (Face value, in ₹ crore) 5,450.000 12,064.159 2,780.000 3,583.900 11,555.000

Sr. No. State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Chhattisgarh 1000 1000 7.34 15 1000 1000 100.53/7.0400 Re-issue of 7.14% Chhattisgarh SGS 2032, issued on March 19, 2025 2. Maharashtra 1500 1500 7.20 11 1000 1000 7.29 25 1000 1000 100.70/7.1305 Re-issue of 7.24% Maharashtra SGS 2034, issued on September 10, 2025 1500 1500 99.72/7.2894 Re-issue of 7.26% Maharashtra SGS 2041, issued on October 08, 2025

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 12,000 Amount allotted (in ₹ crore) 12,000 Cut off Rate (%) 5.52 Weighted Average Rate (%) 5.52 Partial Allotment Percentage of bids received at cut off rate (%) NA

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on Monday, October 20, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 12:00 Noon to 12:30 PM October 23, 2025 (Thursday)

(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

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 11,321.28 5.48 4.90-5.90 I. Call Money 950.40 5.06 4.90-5.50 II. Triparty Repo 10,249.10 5.52 5.25-5.90 III. Market Repo 121.78 5.15 5.00-5.50

Tenor 4-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 1,51,113 Amount allotted (in ₹ crore) 1,51,113 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 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) 10,543.38 5.44 3.75-6.63 I. Call Money 2,385.55 5.30 4.90-5.60 II. Triparty Repo 5,214.50 5.44 5.00-6.25 III. Market Repo 105.78 4.43 3.75-4.50 IV. Repo in Corporate Bond 2,837.55 5.60 5.45-6.63 B. Term Segment I. Notice Money** 14,521.43 5.56 4.85-5.98

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Monday, October 20, 2025, as under:

The Reserve Bank of India, vide directive 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 October 23, 2025.

In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-VII-Issue date October 20, 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 on October 20, 2025.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 7,000 October 23, 2025 (Thursday) October 24, 2025 (Friday) 2 182-Day 6,000 3 364-Day 6,000 Total 19,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Oct. 11 Oct. 03 Oct. 10 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 9074 22137 16116 -6021 7043 * Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank has today released data on Money Supply for the fortnight ended October 03, 2025.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 04-Oct-2024 19-Sep-2025* 03-Oct-2025* 04-Oct-2024 19-Sep-2025* 03-Oct-2025* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 287920.78 319607.38 318430.38 292252.74 327583.51 326733.06** b) Borrowings from banks 127899.61 84796.98 84733.28 127950.17 84841.98 84761.78 c) Other demand & time liabilities 22225.29 27486.35 28435.54 22565.39 27991.42 28945.86

(Amount in ₹ Crore) Auction Results 6.01% GS 2030 7.09% GS 2074 I. Notified Amount 18,000 12,000 II. Competitive Bids Received (i) Number 276 170 (ii) Amount 68,500.000 24,260.000 III. Cut-off price / Yield 99.52 98.80 (YTM: 6.1252%) (YTM: 7.1782%)

6.01% GS 2030 7.09% GS 2074 I. Notified Amount ₹18,000 crore ₹12,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 99.52/6.1252% 98.80/7.1782% III. Amount accepted in the auction ₹18,000 crore ₹12,000 crore IV. Devolvement on Primary Dealers NIL NIL

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 2,750 Amount allotted (in ₹ crore) 2,750 Cut off Rate (%) 5.51

In the underwriting auction conducted on October 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: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive Underwriting Amount Accepted (₹ crore) Total Amount underwritten (₹ crore) ACU Commission Cut-off rate (Paise per ₹100) 6.01% GS 2030 18,000 9,009 8,991 18,000 0.13 7.09% GS 2074 12,000 6,006 5,994 12,000 0.21 Auction for the sale of securities will be held on October 17, 2025.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,57,962.35 5.34 4.85-6.60 I. Call Money 17,803.74 5.40 4.85-6.10 II. Triparty Repo 4,36,269.35 5.32 5.11-5.42 III. Market Repo 2,00,957.71 5.39 4.95-5.90 IV. Repo in Corporate Bond 2,931.55 5.62 5.50-6.60 B. Term Segment I. Notice Money** 66.00 5.27 5.05-5.35

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, October 17, 2025, as under:

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹17,000 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Chhattisgarh 1000 15 Yield 1000 Re-issue of 7.14% Chhattisgarh SGS 2032, issued on March 19, 2025 Price 2. Maharashtra 1500 11 Yield

The Reserve Bank of India (RBI) has, by an order dated September 26, 2025, imposed a monetary penalty of ₹ 5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The Ghatal Peoples Co-operative Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘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.

The Reserve Bank of India (RBI) has, by an order dated September 26, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The Gopalganj Central Co-operative Bank Limited, Bihar (the bank) for contravention of provisions of Section 9 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘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 BR Act.

RBI imposes monetary penalty on Ranaghat People’s Co-operative Bank Limited, West Bengal The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Ranaghat People’s Co-operative Bank Limited, West Bengal (the bank) for non-compliance with certain directions issued by RBI on ‘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.

The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a

The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹1.40 lakh (Rupees One Lakh Forty Thousand only) on The Begusarai Central Co-operative Bank Limited, Begusarai, Bihar (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section

The Reserve Bank of India (RBI) has, by an order dated September 26, 2025, imposed a monetary penalty of ₹10,000/- (Rupees Ten Thousand Only) on The Boudh Co-operative Central Bank Ltd., Odisha (the bank) for non-compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 25 read with Section 23 of the Credit Information Companies (Regulation Act),

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Pune Sahakari Bank Ltd., Shivajinagar, Pune vide Directive No. CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, for a period of six months. The same were modified from time to time and were last extended up to close of business on December 10, 2025.