Press Releases

The Reserve Bank of India (RBI) has, by an order dated February 25, 2025, imposed a monetary penalty of ₹16.60 lakh (Rupees Sixteen Lakh Sixty Thousand only) on Visionary Financepeer Private Limited (the company) for non-compliance with certain provisions of the ‘Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under 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 Reserve Bank of India (RBI) has, by an order dated March 04, 2025, imposed a monetary penalty of ₹10.00 lakh (Rupees Ten Lakh only) on Bridge Fintech Solutions Private Limited (the company), also referred to as “Finzy”, for non-compliance with certain provisions of the ‘Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under 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 Reserve Bank of India (RBI) has, by an order dated February 11, 2025, imposed a monetary penalty of ₹40 lakh (Rupees Forty lakh only) on Fairassets Technologies India Private Limited (the company) (also referred to as ‘Faircent’) for non-compliance with certain provisions of the ‘Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 ’ 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.

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 14,000 March 12, 2025 (Wednesday) March 13, 2025 (Thursday) 2 182 Days 12,000 3 364 Days 7,000 Total 33,000

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 Mar. 1 Feb. 21 Feb. 28 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 3252 22112 22937 825 19685 * Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Bank Regulation Act, 1949 to The Karwar Urban Co-operative Bank Ltd., Karwar vide Directive No. CO.DOS.SED.No.S1932/12-23-065/2024-2025 dated June 12, 2024, for a period of six months up to close of business on December 12, 2024, as modified from time to time, which were last extended up to close of business on March 12, 2025 vide Directive DOR.MON/D-83/12-23-065/2024-2025 dated December 06, 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 March 12, 2025.

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, had placed Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra under Directions from the close of business on March 10, 2023, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to March 10, 2025.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to National Mercantile Co-operative Bank Ltd., Lucknow vide Directive No. LKO.DOS.SED.No.S875/10-03-759/2022-2023 dated March 09, 2023, for a period of six months up to close of business on September 10, 2023, as modified from time to time, which were last extended up to close of business on March 10, 2025 vide Directive DOR.MON/D-81/12-28-015/2024-2025 dated December 05, 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 March 10, 2025.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Bank Regulation Act, 1949 to The Amanath Co-operative Bank Ltd., Bangalore vide Directive No. CO.DOS.SED.No.S1931/12.23.001/2024-2025 dated June 12, 2024 for a period of six months upto December 12, 2024 as modified from time to time, which were last extended upto March 12, 2025 vide Directive No. DOR.MON/D-80/12.23.001/2024-2025 dated December 05, 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 March 12, 2025.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan vide Directive DCBS.CO.BSD-I/D-2/12.27.215/2018-19 dated October 26, 2018, for a period of six months up to May 09, 2019 as modified from time to time, which were last extended up to March 09, 2025 vide Directive DOR.MON/D-77/12.27.215/2024-25 dated December 02, 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 March 09, 2025.

Tenor 14-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 8,375 Amount allotted (in ₹ crore) 8,375 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids received at cut off rate (%) NA

Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 3,970 Amount allotted (in ₹ crore) 3,970 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 23-Feb-2024 07-Feb-2025* 21-Feb-2025* 23-Feb-2024 07-Feb-2025* 21-Feb-2025* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 266228.41 279857.77 272536.90 269765.72 284464.40 278902.34** b) Borrowings from banks 178118.67 111793.69 112777.48 178124.17 111975.09 112883.73 c) Other demand & time liabilities 71817.97 35856.38 36706.38 72457.74 36234.35 37064.81 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 20204829.50 22325408.16 22284445.56 20650053.90 22793493.60 22750154.47 i) Demand 2368307.46 2492532.46 2524095.52 2416162.58 2541046.75 2571677.58 ii) Time 17836522.04 19832875.70 19760350.03 18233891.32 20252446.84 20178476.88 b) Borrowings @ 779018.52 940558.40 900975.06 783905.26 945358.11 906079.59 c) Other demand & time liabilities 921387.11 1041736.46 1021781.88 933701.29 1055387.21 1035671.29 III BORROWINGS FROM R.B.I. (B) 256374.00 185420.00 301901.00 256409.00 185420.00 301936.00

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,34,789.93 5.92 3.50-6.50 I. Call Money 14,033.49 6.21 5.15-6.35 II. Triparty Repo 3,36,760.85 5.87 5.60-6.05 III. Market Repo 1,82,163.69 5.98 3.50-6.50 IV. Repo in Corporate Bond 1,831.90 6.14 6.08-6.25

The Reserve Bank of India (RBI) has, by an order dated March 03, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Vanchinad Finance Pvt. Ltd., Ernakulam, Kerala (the company) for non-compliance with certain provisions of ‘Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 ’ read with ‘Master Direction - Reserve Bank of India (Non-Banking Financial Company-Scale Based Regulation) Directions, 2023’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

The Reserve Bank of India (RBI) has, by an order dated March 03, 2025, imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh only) on Sri Basaveshwar Sahakar Bank Niyamitha, Gulbarga, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’, ‘Donations / Contributions for Public / Charitable purposes out of profits of UCBs’ 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.

The Reserve Bank of India (RBI) has, by an order dated March 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The A.P. Raja Rajeswari Mahila Co-operative Urban Bank Ltd., Hyderabad (the bank) for non-compliance with certain directions issued by RBI on ‘Management of Advances – 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 March 07, 2025, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 14 11:00 AM to 11:30 AM March 21, 2025 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

As announced vide the Press Release 2024-2025/2305 dated March 05, 2025, the Reserve Bank will be conducting OMO purchase for an aggregate amount of ₹50,000 crore on March 12, 2025. 2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method: