Press Releases

The 618th meeting of the Central Board of Directors of Reserve Bank of India was held today in Lucknow under the Chairmanship of Shri Sanjay Malhotra, Governor. The Board assessed the emerging global and domestic economic landscape, including the geopolitical and financial market developments and associated challenges. The Board reviewed the functioning of select Central Office Departments of the Bank and also of Committees of Central Board and the Ombudsman Scheme.

(Amount in ₹ Crore) Auction Results 5.91% GS 2028 6.33% GS 2035 I. Notified Amount 6,000 30,000 II. Competitive Bids Received (i) Number 83 400 (ii) Amount 21,922.000 70,397.283 III. Cut-off price / Yield 99.75 98.39 (YTM: 6.0032%) (YTM: 6.5553%)

5.91% GS 2028 6.33% GS 2035 I. Notified Amount ₹6,000 crore ₹30,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 99.75/6.0032% 98.39/6.5553% III. Amount accepted in the auction ₹6,000 crore ₹30,000 crore IV. Devolvement on Primary Dealers NIL NIL

In terms of Para 13 of the Consolidated Procedural Guidelines on the Sovereign Gold Bond (SGB) Scheme issued by the Reserve Bank of India vide circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021, premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds. 2. Accordingly, the details of tranches falling due for premature redemption during the period October 01, 2025 – March 31, 2026, along with the window available for submission of request for premature redemption by the investors are as under:

Tenor 7-day Notified Amount (in ₹ crore) 1,25,000 Total amount of offers received (in ₹ crore) 75,781 Amount accepted (in ₹ crore) 75,781 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 Partial Acceptance Percentage of offers received at cut off rate NA

In the underwriting auction conducted on August 22, 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)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,34,112.67 5.42 0.20-6.55 I. Call Money 19,022.22 5.52 4.75-5.75 II. Triparty Repo 4,15,978.15 5.55 5.40-5.77 III. Market Repo 1,96,101.80 5.13 0.20-5.90 IV. Repo in Corporate Bond 3,010.50 5.72 5.60-6.55

In May 2016, the Reserve Bank of India Act, 1934 was amended to provide a statutory basis for the implementation of the flexible inflation targeting (FIT) framework in India. As per Section 45ZA of the RBI Act, 1934, the Central Government shall, in consultation with the Reserve Bank, determine the inflation target in terms of the CPI, once in every five years. The Central Government initially notified the inflation target with the tolerance band on August 5, 2016, for the period 2016-2021. In the first review conducted in March 2021, this target was retained for the subsequent five years till March 2026. A second review of the target is now due by end-March 2026.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, August 22, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,25,000 7 9:30 AM to 10:00 AM August 29, 2025 (Friday)

The Reserve Bank of India (RBI) has, by an order dated August 14, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Ayodhya Finlease Limited (the company) for non-compliance with certain provisions of 'Master Direction - Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016' read with ‘Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023’ issued by RBI. 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 of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of July 2025.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 09-Aug-2024 25-Jul-2025* 08-Aug-2025* 09-Aug-2024 25-Jul-2025* 08-Aug-2025* LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 291422.53 342422.14 341955.78 295618.64 347963.84 349533.04** b) Borrowings from banks 130962.87 105206.09 100840.03 130982.37 105216.43 100849.93 c) Other demand & time liabilities 76963.73 22326.92 25575.97 77260.46 22827.68 26107.24 LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 21329643.09 23349826.99 23473888.12 21780903.56 23843714.65 23970007.08

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on August 22, 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,

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 31,025 Amount allotted (in ₹ crore) 31,025 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 Partial Allotment Percentage of bids received at cut off rate (%) NA

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,19,310.65 5.26 0.01-6.45 I. Call Money 16,699.90 5.47 4.75-5.55 II. Triparty Repo 4,00,321.15 5.40 5.34-5.75 III. Market Repo 1,98,968.05 4.96 0.01-5.80 IV. Repo in Corporate Bond 3,321.55 5.56 5.50-6.45

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Thursday, August 21, 2025, as under:

Please refer to instructions on Counterparty Credit Risk (CCR) as contained in paragraph 5.15.3 of the Master Circular DOR.CAP.REC.2/21.06.201/2025-26 dated April 1, 2025 on ‘Basel III Capital Regulations’. Reserve Bank has released today the draft circular on Counterparty Credit Risk: Add-on factors for computation of Potential Future Exposure – Revised Instructions which modifies the aforementioned instructions.

The Reserve Bank has today released data on Reserve Money for the week ended August 15, 2025 and Money Supply for the fortnight ended August 08, 2025.

[Under Section 45ZL of the Reserve Bank of India Act, 1934] The fifty-sixth meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during August 4 to 6, 2025. 2. The meeting was chaired by Shri Sanjay Malhotra, Governor and was attended by all the members – Dr. Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development, New Delhi; Shri Saugata Bhattacharya, Economist, Mumbai; Professor Ram Singh, Director, Delhi School of Economics, Delhi; Dr. Poonam Gupta, Deputy Governor in charge of monetary policy and Dr. Rajiv Ranjan, Executive Director (the officer of the Reserve Bank nominated by the Central Board under Section 45ZB(2)(c) of the Reserve Bank of India Act, 1934).