Press Releases

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Kamaraj Co-operative Town Bank Limited, Tamil Nadu (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’, certain directions on ‘Prudential Norms on Capital Adequacy - 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 January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Cordite Factory Co-operative Bank Ltd., Aravankadu, Nilgiris, 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 January 03, 2025, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-five thousand only) on The Arcot Co-operative Urban Bank Limited, 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 January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Tamilnadu Circle Postal Co-operative Bank Limited, 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 January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Virudhunagar Co-operative Urban Bank Limited, Virudhunagar, 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.

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹36,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.75% GS 2029 Dec 23, 2029 14,000 F.No.4(3)-B(W&M)/2024 dated January 13, 2025 January 17, 2025 (Friday) January 20, 2025 (Monday) 2 6.92% GS 2039 Nov 18, 2039 12,000 3 7.09% GS 2054 Aug 05, 2054 10,000 Total 36,000

The Reserve Bank of India vide directive CO.DOS.SED. No. S370/45-11-001/2024-2025 dated April 15, 2024, had placed Sarvodaya Co-operative Bank Ltd., Mumbai under Directions for a period of six months up to the close of business on October 15, 2024, which was modified from time to time and the latest being upto January 15, 2025.

The following seven Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

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 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 86,155 Amount allotted (in ₹ crore) 50,008 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.53 Partial Allotment Percentage of bids received at cut off rate (%) 32.03

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on January 13, 2025, Monday, as under:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,53,412.76 6.78 4.00-7.14 I. Call Money 9,049.26 6.88 5.10-7.10 II. Triparty Repo 3,73,967.40 6.73 6.32-6.85 III. Market Repo 1,68,607.40 6.89 4.00-7.10 IV. Repo in Corporate Bond 1,788.70 7.08 7.05-7.14

The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹30,000 crore (face value). The security-wise details of the buyback are as under:

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 12,000 January 15, 2025 (Wednesday) January 16, 2025 (Thursday) 2 182 Days 8,000 3 364 Days 8,000 Total 28,000 The sale will be subject to the terms and conditions specified in the
 

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹17,919 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Bihar 1000 10 Yield 1000 15 Yield 2 Gujarat 2000 10 Yield 3 Haryana 1000 13 Yield

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to National Urban Co-operative Bank Ltd., Pratapgarh, Uttar Pradesh vide Directive CO.DOS.SED.No.S369/45-11-001/2024-25 dated April 15, 2024, for a period of six months up to October 15, 2024, which was subsequently extended for a period of three months, up to close of business on January 15, 2025 vide Directive DOR.MON/D-60/12.28.017/2024-25 dated October 14, 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 the close of business on January 15, 2025.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Jan. 5 Dec. 27 Jan. 3 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 21139 21841 36637 14796 15498 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 6.64% GS 2027 7.34% GS 2064 I. Notified Amount ₹7,000 crore ₹15,000 crore II. Underwriting Notified Amount ₹7,000 crore ₹15,000 crore III. Competitive Bids Received (i) Number 137 298 (ii) Amount ₹27657.000 Crore ₹36509.000 Crore IV. Cut-off price / Yield 99.86 103.70 (YTM:6.6906%) (YTM:7.0593%) V. Competitive Bids Accepted (i) Number 43 116 (ii) Amount ₹6990.815 Crore ₹14976.248 Crore VI. Partial Allotment Percentage of Competitive Bids 55.62% 66.84% (10 Bids) (15 Bids)

Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 74,480 Amount allotted (in ₹ crore) 50,005 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.54 Partial Allotment Percentage of bids received at cut off rate (%) 41.71

6.64% GS 2027 7.34% GS 2064 I. Notified Amount ₹7,000 crore ₹15,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 99.86/6.6906% 103.70/7.0593% III. Amount accepted in the auction ₹7,000 crore ₹15,000 crore IV. Devolvement on Primary Dealers NIL NIL

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on January 10, 2025, Friday, as under:

Tenor 14-day Notified Amount (in ₹ crore) 2,25,000 Total amount of bids received (in ₹ crore) 2,77,743 Amount allotted (in ₹ crore) 2,25,006 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.55 Partial Allotment Percentage of bids received at cut off rate (%) 38.07

In the underwriting auction conducted on January 10, 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) 6.64% GS 2027 7,000 3,507 3,493 7,000 0.06 7.34% GS 2064 15,000 7,518 7,482 15,000 0.16

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,51,220.90 6.79 5.00-7.25 I. Call Money 10,734.83 6.83 5.10-7.05 II. Triparty Repo 3,77,450.65 6.75 6.73-6.80 III. Market Repo 1,61,251.72 6.87 5.00-7.20 IV. Repo in Corporate Bond 1,783.70 6.96 6.93-7.25

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Belgaum District Revenue Employees’ Co-operative Bank Limited, Belgaum, Karnataka (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 January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Batlagundu Co-operative Urban Bank Limited, Dindigul, 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 January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Sivakasi Co-operative Urban Bank Limited, 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 January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Indian School Finance Company Pvt. Ltd., Telangana (the company) for non-compliance with certain directions issued by RBI on ‘Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs’. 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 has today released data on Money Supply for the fortnight ended December 27, 2024.

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)

On October 17, 2024, the Reserve Bank of India had, in exercise of its powers under Section 45L(1)(b) of the Reserve Bank of India Act, 1934, issued Directions to the following NBFCs:

The Reserve Bank has today released data on Reserve Money for the week ended January 03, 2025.

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of November 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹8000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 102 121 116 (ii) Amount ₹27051.470 Crore ₹25862.550 Crore ₹27816.500 Crore III. Cut-off price / Yield 98.3826 96.7674 93.7460 (YTM:6.5940%) (YTM:6.6995%) (YTM:6.6895%) IV. Competitive Bids Accepted (i) Number 47 35 49 (ii) Amount ₹11956.711 Crore ₹7967.777 Crore ₹7968.292 Crore

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3826 (YTM:6.5940%) 96.7674 (YTM: 6.6995%) 93.7460 (YTM: 6.6895%) IV. Total Face Value Accepted ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore

The Reserve Bank of India, vide directive DEL.DOS.EXG_SSM No. S515/12-10- 013/2022-23 dated July 07, 2022, had placed Ramgarhia Co-operative Bank Ltd, New Delhi – under Directions from the close of business on July 08, 2022, for a period of six months up to January 08, 2023, the validity of which was last extended up to close of business on January 08, 2025 vide directive DOR.MON.D-56/12.28.115/2024-25 dated October 03, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,69,376.31 6.71 5.10-6.95 I. Call Money 10,997.17 6.73 5.10-6.95 II. Triparty Repo 3,97,516.15 6.71 6.58-6.79 III. Market Repo 1,58,900.29 6.73 6.00-6.95 IV. Repo in Corporate Bond 1,962.70 6.89 6.85-6.95 B. Term Segment I. Notice Money** 307.60 6.81 6.25-6.90 II. Term Money@@ 697.00 - 6.70-7.05 III. Triparty Repo 250.00 6.73 6.70-6.74 IV. Market Repo 518.28 6.75 6.70-6.80 V. Repo in Corporate Bond 0.00 - -

The result of the auction of State Government Securities held on January 07, 2025 is as under: (Amount in ₹ Crore) ASSAM 2035 BIHAR 2035 BIHAR 2040 GUJARAT 2031 Notified Amount 500 1000 1000 500 Tenure 10 10 15 6 Competitive Bids Received (i) No. 41 58 40 28 (ii) Amount 1789.500 4760 4505 2610 Cut off Price (₹) / Yield (%) 7.15 7.15 7.15 7.01

In terms of Section 29, read with Section 56 of the Banking Regulation Act, 1949, co-operative banks are required to prepare a balance sheet and profit and loss account as on the last working day of the year in the Forms set out in the Third Schedule of the Banking Regulation Act, 1949.

Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Assam 500 500 7.15 10 2. Bihar 1000 1000 7.15 10 1000 1000 7.15 15 3. Gujarat 500 500 7.01 06 500 500 7.05 07 1000 1000 7.06 09 4. Haryana 1000 1000 7.15 13

The Reserve Bank had launched the third edition of its global hackathon - “HaRBInger – Innovation for Transformation” with the themes ‘Zero Financial Frauds’ and ‘Being Divyang Friendly’ covering four problem statements (Press Release dated June 07, 2024).

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 92,670 Amount allotted (in ₹ crore) 50,007 Cut off Rate (%) 6.54 Weighted Average Rate (%) 6.57 Partial Allotment Percentage of bids received at cut off rate (%) 43.36

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,91,193.83 6.56 5.10-7.10 I. Call Money 11,631.69 6.65 5.10-6.80 II. Triparty Repo 4,22,207.05 6.55 6.00-6.76 III. Market Repo 1,55,166.39 6.60 5.90-7.10 IV. Repo in Corporate Bond 2,188.70 6.68 6.65-6.85

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹22,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.64% GS 2027 Dec 09, 2027 7,000 F.No.4(3)-B(W&M)/2024 dated January 06, 2025 January 10, 2025 (Friday) January 13, 2025 (Monday) 2 7.34% GS 2064 Apr 22, 2064 15,000 Total 22,000

The Reserve Bank of India (RBI) has, by an order dated January 01, 2025, imposed a monetary penalty of ₹15.00 lakh (Rupees Fifteen Lakh only) on The Nasik Merchant’s Co-operative Bank Ltd., Nashik, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms / concerns in which they are interested’. 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 07, 2025, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 10:00 AM to 10:30 AM January 10, 2025 (Friday)

The Reserve Bank of India has today issued the Master Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025. The Master Direction consolidates the existing instructions on credit information reporting and dissemination, issued to the regulated entities (REs) of the Reserve Bank.

The Reserve Bank of India has launched the 68th round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period October – December 2024 (Q3:2024-25).

(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    -    -

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range Overnight Segment (I+II+III+IV) 16,848.34 6.33 5.50-6.75 I. Call Money 1,014.25 6.12 5.75-6.60 II. Triparty Repo 15,521.00 6.34 6.18-6.75 III. Market Repo 313.09 6.34 5.50-6.55 IV. Repo in Corporate Bond 0.00 - - Term Segment I. Notice Money** 62.30 6.20 6.05-6.24 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) 9,253.25 6.43 5.75-6.69 I. Call Money 834.65 6.11 5.75-6.60 II. Triparty Repo 6,299.90 6.44 5.75-6.69 III. Market Repo 44.00 6.40 6.40-6.40 IV. Repo in Corporate Bond 2,074.70 6.51 6.52-6.50

To mark the 90th year of its service to the nation, the Reserve Bank of India, hosted RBI@90 All India Public Sector Badminton Tournament at Bengaluru from January 02-05, 2025. The tournament was played across 7 formats: Men’s Singles, Women’s Singles, Men’s Doubles, Women’s Doubles, Mixed Doubles, Men’s Team & Women’s Team.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹21,500 Crore (Face Value). Sr. No. State Amount to be raised. (₹ Crore) Tenure (Year) Type of Auction 1. Assam 500 10 Yield 2. Bihar 1000 10 Yield 1000 15 Yield

On October 17, 2024, the Reserve Bank of India had, in exercise of its powers under Section 45L(1)(b) of the Reserve Bank of India Act, 1934, issued Directions to Arohan Financial Services Limited, Kolkata, to cease and desist from sanction and disbursal of loans, effective from close of business as of October 21, 2024.

The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹25,000 crore (face value). The security-wise details of the buyback are as under: S.No. Security Date of Maturity 1 7.72% GS 2025 May 25, 2025 2 5.22% GS 2025 June 15, 2025 3 8.20% GS 2025 September 24, 2025 4 5.15% GS 2025 November 09, 2025 5 7.59% GS 2026 January 11, 2026

The Reserve Bank of India has sanctioned the Scheme of Amalgamation of The National Co-operative Bank Ltd., Bangalore (Karnataka) with Cosmos Co-operative Bank Limited (Maharashtra). The Scheme has been sanctioned in exercise of the powers conferred under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The Scheme will come into force with effect from January 06, 2025. The branches of The National Co-operative Bank Ltd., Bangalore (Karnataka) will function as branches of Cosmos Co-operative Bank Limited (Maharashtra) with effect from January 06, 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 (in ₹ Crore) Auction Date Settlement Date 1 91 Days 12,000 January 08, 2025 (Wednesday) January 09, 2025 (Thursday) 2 182 Days 8,000 3 364 Days 8,000 Total 28,000

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Dec. 29 Dec. 20 Dec. 27 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 2579 19820 21841 2021 19262 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 6.79% GS 2034 7.09% GS 2074 I. Notified Amount ₹22,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹22,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 400 218 (ii) Amount ₹71732.879 Crore ₹25785.000 Crore IV. Cut-off price / Yield 99.93 100.24 (YTM: 6.7979%) (YTM: 7.0717%)

6.79% GS 2034 7.09% GS 2074 I. Notified Amount ₹22,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 99.93/6.7979% 100.24/7.0717% III. Amount accepted in the auction ₹22,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on January 03, 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) 6.79% GS 2034 22,000 11,004 10,996 22,000 0.13 7.09% GS 2074 10,000 5,019 4,981 10,000 0.19

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,47,234.14 6.26 5.10-6.65 I. Call Money 10,462.87 6.47 5.10-6.60 II. Triparty Repo 3,78,423.90 6.22 6.05-6.38 III. Market Repo 1,56,275.17 6.35 5.55-6.50 IV. Repo in Corporate Bond 2,072.20 6.57 6.45-6.65

The Reserve Bank of India (RBl) has, by an order dated December 30, 2024, imposed a monetary penalty of ₹4.20 lakh (Rupees Four Lakh Twenty Thousand only) on Smriti Nagrik Sahakari Bank Maryadit, Mandsaur (MP) (the bank), for non-compliance with certain directions issued by RBI on ‘Customer Service - UCBs’ and ‘Loans and advances to directors, their relatives, and firms / concerns in which they are interested’. 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 December 31, 2024, imposed a monetary penalty of ₹8.30 lakh (Rupees Eight Lakh Thirty Thousand only) on The Cosmos Co-operative Bank Ltd. (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.

The Reserve Bank of India (RBI) has, by an order dated December 31, 2024, imposed a monetary penalty of ₹15.40 lakh (Rupees Fifteen Lakh Forty Thousand only) on The Akola Janata Commercial Co-operative Bank Limited, Akola (the bank), for contravention of 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 ‘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 BR Act.

The Reserve Bank of India (RBI) has, by an order dated December 30, 2024, imposed a monetary penalty of ₹25.00 lakh (Rupees Twenty Five Lakh only) on Pune People’s Co-operative Bank Ltd., Pune, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific direction issued by RBI on making contribution to the Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. 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.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 03, 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

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,55,797.55 6.36 3.51-6.75 I. Call Money 9,479.05 6.52 5.10-6.70 II. Triparty Repo 3,79,928.20 6.31 6.00-6.52 III. Market Repo 1,64,546.60 6.47 3.51-6.75 IV. Repo in Corporate Bond 1,843.70 6.68 6.60-6.75

The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on December 02, 2024.

During the quarter ended December 31, 2024, the Reserve Bank of India has received one application under the Guideline

The Reserve Bank has today released data on Reserve Money for the week ended December 27, 2024. 

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹8000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 92 94 108 (ii) Amount ₹32114.700 Crore ₹21130.000 Crore ₹22718.500 Crore III. Cut-off price / Yield 98.3821 96.7579 93.7370 (YTM: 6.5961%) (YTM: 6.7199%) (YTM: 6.6998

In terms of Para 13 (ii) of Government of India Notification F.No.4(10)- B(W&M)/2020 dated June 26, 2020 on Floating Rate Savings Bonds, 2020 (Taxable)- FRSB 2020 (T), the coupon/interest rate of the bond would be reset half yearly, starting with January 01, 2021 and the coupon/

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3821 (YTM:6.5961%) 96.7579 (YTM: 6.7199%) 93.7370 (YTM: 6.6998%) IV. Total Face Value Accepted ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,03,493.66 6.59 5.00-7.25 I. Call Money 6,445.77 6.88 5.10-7.25 II. Triparty Repo 3,43,877.25 6.52 5.61-6.76 III. Market Repo 1,50,900.94 6.74 5.00-6.97 IV. Repo in Corporate Bond 2,269.70 7.03 6.99-7.10

Data on sectoral deployment of bank credit for the month of November 2024 collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II.

The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter January – March 2025, is expected to be ₹4,73,477.00 Crore. The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts indicated by them is as under:

In terms of GOI Notification F.No.4(25)–W&M /2017 dated October 06, 2017 (SGB 2017-18 Series XIV -Issue date January 01, 2018) and in terms of GOI Notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series IV - Issue date January 01, 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 tranches shall be January 01, 2025.

The Reserve Bank of India has sanctioned the Scheme of Amalgamation of The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati (Maharashtra) with The Jalgaon Peoples Co-operative Bank Limited, Jalgaon (Maharashtra). The Scheme has been sanctioned in exercise of the powers conferred under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of December 2024 are set out in Tables 1 to 7.

The value of exports and imports of services during November 2024 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) July – 2024 30,578 (16.6) 15,939 (16.0) August – 2024 30,338 (5.7) 16,460 (9.1)

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The January 2025 round of the survey is being launched. The survey aims at capturing subjective assessments on price movements and inflation, based on their individual consumption baskets, across 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram. The survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three months ahead as well as in the one year ahead period and quantitative responses on current, three months ahead and one year ahead inflation rates. The results of this survey provide useful inputs for monetary policy.

The Reserve Bank of India has been regularly conducting Consumer Confidence Survey (CCS). The January 2025 round of the survey is being launched. The survey seeks qualitative responses from households, regarding their sentiments on general economic situation, employment scenario, price level, households’ income and spending. The survey is conducted regularly in 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi

The result of the auction of State Government Securities held on December 31, 2024 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2037 ANDHRA PRADESH 2038 ANDHRA PRADESH 2039 HARYANA 2038 Notified Amount 1500 1500 2000 1000 Tenure 12 13 14 13 Competitive Bids Received (i) No. 55 53 39 49 (ii) Amount 2895 4325 3987 2176

Today the Reserve Bank of India placed on its website a Working Paper titled, “State-Level Inflation Forecasts for India: Based on Data from Inflation Expectations Survey of Households” under the Reserve Bank of India Working Paper Series . The paper is co-authored by Purnima Shaw and R. K. Sinha. The Inflation Expectations Survey of Households (IESH) of the Reserve Bank of India (RBI) completed its 90th round in March 2024. Using the historical series from this survey, this paper provides state-level inflation forecasts. Deviating from the conventional regression-based forecasting, this

Today, the Reserve Bank of India releases Volume 45, No.1, 2024 of its Occasional Papers, a research journal containing contributions from its staff. This issue contains three articles and three book reviews. Articles: 1. Determinants of Household Saving Portfolio in India: Evidence from Survey Data This paper provides an assessment of the household saving and investment behaviour by studying both household-specific determinants and time-varying macroeconomic

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Andhra Pradesh 1500 1500 7.17 12 1500 1500 7.17 13 2000 2000 7.17 14 2. Haryana 1000 1000 7.18 13 3. Jammu and Kashmir 320 320 7.11 30

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 58,521 Amount allotted (in ₹ crore) 50,004 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.54 Partial Allotment Percentage of bids received at cut off rate (%) 41.34

The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sangli Sahakari Bank Ltd., Mumbai, Maharashtra vide Directive CO.DOS.DSD.No./S2322/12-07-005/2022-23 dated July 07, 2022 for a period of six months up to close of business on January 08, 2023, as modified from time to time, which were last extended up to close of business on January 08, 2025, vide Directive DOR.MON.D-57/12.22.225/2024-25 dated October 03, 2024

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on December 31, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 10:30 AM to 11:00 AM January 01, 2025 (Wednesday)