Press Releases

On a review of current and evolving liquidity conditions, it has been decided to conduct Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice. The reversal of VRR auction conducted on a Friday will take place on the ensuing Monday or the next working day, if Monday is a holiday in Mumbai. The auction will be conducted between 10:00 AM and 10:30 AM every day.

In terms of GOI Notification F.No.4(7)–B(W&M) /2019 dated May 30, 2019 (SGB 2019-20 Series II -Issue date July 16, 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 tranche shall be January 16, 2025.

The Reserve Bank has today released data on Reserve Money for the week ended January 10, 2025.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹8000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 100 85 114 (ii) Amount ₹31166.080 Crore ₹19631.300 Crore ₹24784.350 Crore III. Cut-off price / Yield 98.3803 96.7585 93.7335 (YTM:6.6036%) (YTM:6.7186%) (YTM:6.7038%) IV. Competitive Bids Accepted (i) Number 45 44 45 (ii) Amount ₹11966.226 Crore ₹7970.328 Crore ₹7966.973 Crore V. Partial Allotment Percentage of Competitive Bids 42.03% 18.06% 94.57%

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 98.3803 (YTM:6.6036%) 96.7585 (YTM: 6.7186%) 93.7335

The Reserve Bank has launched the 44th round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period January-March 2025. The survey assesses the business situation for the current quarter (Q4:2024-25) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q1:2025-26) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q2:2025-26 and Q3:2025-26) are also covered.

The Reserve Bank has launched the 109th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period January-March 2025. The survey assesses business sentiment for the current quarter (Q4:2024-25) and expectations for the ensuing quarter (Q1:2025-26), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q2:2025-26 and Q3:2025-26) are also covered.

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 December 2024.

Tenor 5-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 3,980 Amount allotted (in ₹ crore) 3,980 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 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) 5,68,236.52 6.36 5.50-6.91 I. Call Money 7,195.50 6.53 5.50-6.75 II. Triparty Repo 3,96,078.65 6.30 6.08-6.60 III. Market Repo 1,63,156.67 6.51 6.00-6.75 IV. Repo in Corporate Bond 1,805.70 6.86 6.80-6.91

Effective 15th January 2025, the distribution of portfolios among the Deputy Governors will be the following:

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.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on January 15, 2025, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 5 10:00 AM to 10:30 AM January 20, 2025 (Monday)

The result of the auction of State Government Securities held on January 14, 2025 is as under: (Amount in ₹ Crore) BIHAR 2035 BIHAR 2040 GUJARAT 2035 HARYANA 2038 Notified Amount 1000 1000 2000 1000 Tenure 10 15 10 13 Competitive Bids Received (i) No. 60 36 100 72 (ii) Amount 3810 2835 2785 4310 Cut off Yield (%) 7.22 7.22 7.22 7.22 Competitive Bids Accepted (i) No. 10 8 76 20 (ii) Amount 978.441 994.995 1968.453 990.899

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Bihar 1000 1000 7.22 10 1000 1000 7.22 15 2 Gujarat 2000 2000 7.22 10 3 Haryana 1000 1000 7.22 13 4 Jammu and Kashmir 300 300 7.20 22 5 Karnataka 2000 2000 7.22 11 6 Kerala 2500 2500 7.24 19 7 Maharashtra 2500 2500 7.23 16

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,75,368.39 6.59 5.00-7.10 I. Call Money 9,243.74 6.81 5.80-7.10 II. Triparty Repo 3,96,520.80 6.49 5.95-6.75 III. Market Repo 1,67,788.15 6.79 5.00-7.10 IV. Repo in Corporate Bond 1,815.70 7.04 7.00-7.06 B. Term Segment I. Notice Money** 4,344.08 6.82 5.70-7.05 II. Term Money@@ 22.50 - 6.70-7.00 III. Triparty Repo 765.25 6.52 6.05-6.74 IV. Market Repo 7,874.00 6.80 6.75-6.95 V. Repo in Corporate Bond 0.00 - -

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.