Press Releases

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 27, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 11:45 AM to 12:15 PM May 31, 2024 (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.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@  Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 547,167.17 6.64 3.50-6.90 I. Call Money 14,776.56 6.72 5.40-6.85 II. Triparty Repo 363,166.45 6.62 6.21-6.74 III. Market Repo 168,498.16 6.67 3.50-6.80 IV. Repo in Corporate Bond 726.00 6.82 6.80-6.90

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹21,200 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    1000    -    24    Yield 1000    -    25    Yield 2    Assam    1000    -    10    Yield 3    Jammu and Kashmir    1000    -    30    Yield 4    Kerala    2000    -    12    Yield 

In terms of GOI Notification F.No. 4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series IX-Issue date November 27, 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 May 27, 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 4,000 May 29,2024 (Wednesday) May 30,2024 (Thursday) 2 182 Days 4,000 3 364 Days 4,000 Total 12,000

The Reserve Bank of India (RBI) has, by an order dated May 22, 2024, imposed a monetary penalty of ₹3,10,000/- (Rupees Three Lakh Ten Thousand only) on Hero FinCorp Limited (the company) for non-compliance with certain provisions of the ‘Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016’ issued by RBI, relating to Fair Practices Code. 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. 

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation May 19 May 10 May 17 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 12194 11584 17624 6039 5430 * Data are provisional; difference, if any, is due to rounding off. 

Auction Results New GS 2027 7.23% GS 2039 7.46% GS 2073 I. Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore III. Competitive Bids Received   (i)  Number 119 229 215 (ii) Amount ₹ 22888 Crore ₹ 36358.469 Crore ₹ 25787 Crore IV. Cut-off price / Yield - 101.69 104.18 (YTM: 7.02%) (YTM: 7.0437%) (YTM: 7.1510%)

The Reserve Bank of India issued Directions to Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive NGP.DOS.SSM 2.No.S1389/15-04-616/2022-2023 dated February 23, 2023, for a period of six months up to August 24, 2023 as modified from time to time which were last extended up to close of business on May 24, 2024 vide Directive DOR.MON/D-128/12.22.275/2023-24 dated February 15, 2024.

New GS 2027 7.23% GS 2039 7.46% GS 2073 I. Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore II. Cut off Price / Implicit Yield at cut-off 7.02% 101.69 / 7.0437% 104.18 / 7.1510 III. Amount accepted in the auction ₹6,000 crore ₹12,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL