Press Releases

The Reserve Bank of India (RBI) has, by an order dated January 07, 2025, imposed a monetary penalty of ₹17.50 lakh (Rupees Seventeen Lakh Fifty Thousand only) on Janata Sahakari Bank Limited, Pune (the bank), for non-compliance with certain directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs’ and ‘Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks’. 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 January 10, 2025, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,25,000 14 10:30 AM to 11:00 AM January 24, 2025 (Friday)

I. SUMMARY RESULTS Aggregate amount (Face Value) notified by RBI ₹ 25,000.000 crore Total amount offered (Face Value) by participants ₹ 45,710.195 crore Total amount accepted (Face Value) by RBI ₹ 19,217.542 crore

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 29-Dec-23 13-Dec-2024* 27-Dec-2024* 29-Dec-23 13-Dec-2024* 27-Dec-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 266042.93 310793.89 291560.95 269437.45 315564.52 296159.93** b) Borrowings from banks 189078.33 131991.65 138334.17 189114.33 132026.65 138393.41 c) Other demand & time liabilities 69625.55 24423.19 26605.81 70324.03 24724.99 26928.6

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 10, 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 (ACU) auction, applicable to each Primary Dealer (PD), are as under:

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,06,959 Amount allotted (in ₹ crore) 50,004 Cut off Rate (%) 6.62 Weighted Average Rate (%) 6.66 Partial Allotment Percentage of bids received at cut off rate (%) 4.24

The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Shirpur Merchants’ Co-operative Bank Ltd., Shirpur, Maharashtra, vide Directive No. CO.DOS.SED. No. S175/45-11-001/2024-2025 dated April 05, 2024, for a period of six months up to the close of business on October 08, 2024 as modified from time to time, which were last extended up to the close of business on January 08, 2025 vide Directive DOR.MON.D-58/12-21-364/2024-25 dated October 07, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,41,901.88 6.76 5.10-7.10 I. Call Money 10,315.83 6.74 5.10-7.05 II. Triparty Repo 3,69,861.80 6.74 6.69-6.84 III. Market Repo 1,59,915.55 6.80 6.00-7.10 IV. Repo in Corporate Bond 1,808.70 6.91 6.90-6.95 B. Term Segment I. Notice Money** 165.30 6.38 5.90-6.90 II. Term Money@@ 1,021.00 - 6.65-7.35 III. Triparty Repo 1,495.00 6.81 6.75-6.85 IV. Market Repo 410.00 6.75 6.75-6.75 V. Repo in Corporate Bond 0.00 - -

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