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, 2024 vide Directive DOR.MON/D-36/12.28.007/2024-25 dated July 19, 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 October 27, 2024.

The Reserve Bank of India (RBI) has, by an order dated October 22, 2024, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on Vidyasagar Central Co-operative Bank Limited, Midnapore, West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Housing Finance’. This penalty has been imposed in exercise of powers vested in RBI, conferred under 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, 2024, imposed a monetary penalty of ₹1.25 lakh (Rupees One Lakh Twenty Five Thousand only) on The Aurangabad District Central Co-operative Bank Ltd., Bihar (the bank) for contravention of the provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act) and 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 vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of BR Act and section 25 of the Credit Information Companies (Regulation) Act, 2005.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on October 25, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 578,427.56 6.69 5.10-6.95 I. Call Money 11,484.88 6.75 5.10-6.90 II. Triparty Repo 424,741.25 6.69 6.55-6.80 III. Market Repo 141,021.43 6.67 6.25-6.90 IV. Repo in Corporate Bond 1,180.00 6.86 6.85-6.95

The Reserve Bank has today released data on Reserve Money for the week ended October 18, 2024.

The fifty first meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during October 7 to 9, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹7000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 87 87 72 (ii) Amount ₹ 24299.670 Crore ₹ 13089.150 Crore ₹ 19740.700 Crore III. Cut-off price / Yield 98.4102 96.8153 93.8253 (YTM:6.4797%) (YTM:6.5970%) (YTM:6.5991%) IV. Competitive Bids Accepted (i) Number 36 55 44 (ii) Amount ₹ 6940.169 Crore ₹ 5986.820 Crore ₹ 5983.157 Crore V. Partial Allotment Percentage of Competitive Bids 77.00% 42.92% 31.88%

I. T-Bill 91 days 182 days 364 days 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 98.4102 (YTM:6.4797%) 96.8153 (YTM: 6.5970%) 93.8253 (YTM: 6.5991%) IV. Total Face Value Accepted ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 563,557.45 6.65 5.10-6.85 I. Call Money 9,130.51 6.65 5.10-6.85 II. Triparty Repo 408,209.20 6.66 6.45-6.80 III. Market Repo 145,104.74 6.61 6.00-6.85 IV. Repo in Corporate Bond 1,113.00 6.75 6.70-6.85 B. Term Segment I. Notice Money** 281.00 6.65 6.00-6.90 II. Term Money@@ 501.50 - 6.45-6.95 III. Triparty Repo 657.00 6.70 6.60-6.75 IV. Market Repo 874.20 6.66 6.62-6.80 V. Repo in Corporate Bond 0.00 - -