Press Releases

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹15,964 Crore (Face Value) Sr. No. State/ UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Arunachal Pradesh 375 20 Yield 2. Bihar 1500 12 Yield 3. Gujarat 1000 08 Yield 4. Haryana 1000 16 Yield 1000 17 Yield 5. Jammu and Kashmir 500 12 Yield 6. Maharashtra 1000 10 Yield 1000 20 Yield 1000 Re-issue of 7.20% Maharashtra SGS 2034, issued on December 03, 2025 Price

The Reserve Bank of India (RBI) has, by an order dated December 2, 2025, imposed a monetary penalty of ₹6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Bansal Credits Limited (the company) for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under 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 December 02, 2025, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Keertana Finserv Limited (formerly known as Keertana Finserv Private Limited) (the company) for non-compliance with certain directions issued by RBI on ‘Governance’ issues. This penalty has

The Reserve Bank of India (RBI) has, by an order dated December 01, 2025, imposed a monetary penalty of ₹99.30 lakh (Rupees Ninety nine lakh thirty thousand only) on Jammu and Kashmir Bank Limited (the bank) for contravention of the provisions of section 26A of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Internal Ombudsman Scheme 2018’, ‘Customer Service in Banks’, and ‘Know Your Customer (KYC) Directions’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A(1)(c) read with Section 46(4)(i) of the BR Act.

The Reserve Bank of India (RBI) has, by an order dated December 03, 2025, imposed a monetary penalty of ₹3,10,000/- (Rupees Three Lakh Ten Thousand only) on Truhome Finance Limited (formerly known as Shriram Housing Finance Limited) (the company) for non-compliance with certain provisions of the Reserve Bank of India (Know Your Customer (KYC)) Directions issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under Section 52A of the National Housing Bank Act, 1987.

The Reserve Bank has today granted ‘in-principle’ approval to Fino Payments Bank Limited (FPBL) for conversion into a Small Finance Bank (SFB). Background RBI has issued the Guidelines for ‘on tap’ licensing of SFBs in the private sector (the guidelines). As per the guidelines, existing Payments Banks which are controlled by residents and have completed five years of operations are eligible for conversion into SFBs. The application of FPBL was assessed as per the procedure laid down in the guidelines.

The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year December 07, 2025 to June 06, 2026 shall be 6.52 per cent per annum. It may be recalled that FRB 2031 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield of last three auctions (from the rate fixing day i.e. December 07, 2025) of 182 Day T-Bills, plus a fixed spread of One per cent.

As announced vide the Press Release 2025-26/1635 dated December 05, 2025, the Reserve Bank will be conducting OMO purchase for an aggregate amount of ₹50,000 crore on December 11, 2025. 2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method:

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

The Reserve Bank of India today released on its website the results of the following Surveys: Urban Consumer Confidence Survey (UCCS) – November 2025 Rural Consumer Confidence Survey (RCCS) – November 2025 Inflation Expectations Survey of Households (IESH) – November 2025 Survey of Professional Forecasters on Macroeconomic Indicators – Round1 97th The Survey results are based on the feedback received from the respondents to the Surveys and do not necessarily reflect the views of the Reserve Bank of India.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Nov. 29 Nov. 21 Nov. 28 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 16465 27060 18966 -8094 2501 * Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank of India had issued draft circular on ‘Forms of Business and Prudential Regulation for Investments’ on October 04, 2024, seeking feedback from banks and other stakeholders. The objective of the draft circular was to review regulations on ringfencing of banks’ core business from other risk bearing non-core businesses as also to provide level playing field.

(Amount in ₹ Crore) Auction Results 6.48% GS 2035 I. Notified Amount 32,000 II. Competitive Bids Received (i) Number 334 (ii) Amount 65,371.890 III. Cut-off price / Yield 99.93 (YTM: 6.4881%)

6.48% GS 2035 I. Notified Amount ₹32,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 99.93 /6.4881% III. Amount accepted in the auction ₹32,000 crore IV. Devolvement on Primary Dealers NIL

Tenor 3-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 1,07,887 Amount accepted (in ₹ crore) 1,00,024 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate 91.06

In the underwriting auction conducted on December 05, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government security, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct the following operations during December 2025 to inject liquidity into the banking system: a. OMO purchase auctions of Government of India securities for an aggregate amount of ₹1,00,000 crore in two tranches of ₹50,000 crore each to be held on December 11, 2025, and December 18, 2025 b. USD/INR Buy/Sell Swap auction of USD 5 billion for a tenor of three years to be held on December 16, 2025

Good morning and Namaskar. We are in the last month of an eventful and a challenging 2025. We look back at the year so far with satisfaction. The economy witnessed robust growth and benign inflation; the banking system further consolidated and the regulatory framework was refined to strengthen the financial system, enhance ease of doing business, and improve consumer protection. At the same time, we approach the new year with hope, vigour and determination to further support the economy and accelerate progress.

The Monetary Policy Committee (MPC) held its 58th meeting from December 3 to 5, 2025, under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India. The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta and Shri Indranil Bhattacharyya attended the meeting.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,41,845.75 5.30 4.00-6.40 I. Call Money 20,174.68 5.43 4.75-5.55 II. Triparty Repo 4,03,694.65 5.25 5.19-5.35 III. Market Repo 2,13,993.12 5.38 4.00-5.55 IV. Repo in Corporate Bond 3,983.30 5.47 5.40-6.40