Press Releases

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 31,331.38 6.04 3.50-6.65 I. Call Money 1,388.90 6.24 5.50-6.65 II. Triparty Repo 29,352.60 6.06 5.00-6.55 III. Market Repo 589.88 4.60 3.50-6.00 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 25.00 6.10 6.10-6.10 II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 48,785 Amount allotted (in ₹ crore) 48,785 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 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) 12,919.45 6.54 5.50-6.90 I. Call Money 2,607.70 6.53 5.50-6.70 II. Triparty Repo 8,450.45 6.49 6.25-6.70 III. Market Repo 0.00 - - IV. Repo in Corporate Bond 1,861.30 6.78 6.75-6.90 B. Term Segment I. Notice Money** 10,435.20 6.60 5.10-6.70 II. Term Money@@ 121.50 - 6.65-7.50 III. Triparty Repo 3,29,263.55 6.58 6.20-6.80 IV. Market Repo 1,50,257.25 6.66 5.00-6.90 V. Repo in Corporate Bond 0.00 - -

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹33,600 Crore (Face Value).

The Reserve Bank of India (RBI) has, by an order dated January 15, 2025, imposed a monetary penalty of ₹26.70 lakh (Rupees Twenty Six Lakh Seventy Thousand only) on India Post Payments Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Customer Service in Banks’. This penalty has been imposed in exercise 

The Reserve Bank of India (RBI) has, by an order dated January 20, 2025, imposed a monetary penalty of ₹65 lakh (Rupees Sixty Five Lakh only) on Equitas Small Finance Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Levy of Foreclosure Charges/Pre-payment Penalty on Floating Rate Term Loans’ and ‘Credit Flow to Agriculture – Collateral free agricultural loans’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during January 2025 are set out in Tables 1 to 7.

The Reserve Bank today released data on India’s invisibles as per the IMF’s Balance of Payments and International Investment Position Manual (BPM6) format for July-September of 2024-25.

The value of exports and imports of services during December 2024 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) October – 2024 34,309 (22.3) 17,215 (27.9) November – 2024 32,014 (13.9) 17,229 (26.0) December – 2024 36,857 (16.5) 17,781 (13.8) Notes: (i) Figures in parentheses are growth rates over the corresponding month of the previous year which have been revised on the basis of balance of payments statistics.

The Reserve Bank of India (RBI) has, by an order dated January 20, 2025, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Aptus Finance India Private Limited (the company) for non-compliance with certain provisions of the ‘Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016’ issued by RBI, relating to ‘Governance Issues’. This penalty has been imposed in exercise of powers conferred on RBI under clause (b) of sub-section (1) of Section 58G read with clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934.

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 February 05, 2025 (Wednesday) February 06, 2025 (Thursday) 2 182 Days 8,000 3 364 Days 8,000 Total 28,000

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice. 2. Based on assessment of the liquidity conditions, it is decided that the notified amount for the daily Variable Rate Repo (VRR) auction to be conducted on February 03, 2025, Monday, will be ₹75,000 crore.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Jan. 26 Jan. 17 Jan. 24 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 12810 23623 20495 -3128 7685 * Data are provisional; difference, if any, is due to rounding off.

Data on sectoral deployment of bank credit for the month of December 20241 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. On a year-on-year (y-o-y) basis, non-food bank credit2 as on the fortnight ended December 27, 20243 grew at 12.4 per cent as compared to 15.8 per cent for the corresponding fortnight of the previous year (December 29, 2023).

Auction Results 6.79% GS 2031 6.79% GOI SGrB 2034 7.34% GS 2064 I. Notified Amount ₹10,000 crore ₹5,000 crore ₹15,000 crore II. Underwriting Notified Amount ₹10,000 crore ₹5,000 crore ₹15,000 crore III. Competitive Bids Received (i) Number 145 59 219 (ii) Amount ₹ 26468.000 Crore ₹ 7718.895 Crore ₹ 31118.000 Crore IV. Cut-off price / Yield 100.46 100.67 103.73 (YTM:6.7042%) (YTM:6.6941%) (YTM:7.0570%) V. Competitive Bids Accepted

6.79% GS 2031 6.79% GOI SGrB 2034 7.34% GS 2064 I. Notified Amount ₹10,000 crore ₹5,000 crore ₹15,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.46/6.7042% 100.67/6.6941% 103.73/7.0570% III. Amount accepted in the auction ₹10,000 crore ₹1,054.491 crore ₹15,000 crore IV. Devolvement on Primary Dealers NIL ₹3,945.509 crore NIL

Today, the Reserve Bank conducted a USD/INR Buy Sell swap auction for a notified amount of USD 5 billion as announced vide press release dated January 28, 2025.

Tenor 3-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 1,28,059 Amount allotted (in ₹ crore) 1,00,013 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 Partial Allotment Percentage of bids received at cut off rate (%) 51.04

In the underwriting auction conducted on January 31, 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:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,45,691.61 6.56 4.00-6.95 I. Call Money 14,941.07 6.58 5.10-6.65 II. Triparty Repo 3,85,768.80 6.55 6.49-6.75 III. Market Repo 1,43,070.44 6.59 4.00-6.95 IV. Repo in Corporate Bond 1,911.30 6.76 6.75-6.80

I. SUMMARY OMO PURCHASE RESULTS Aggregate Amount (Face value) notified by RBI : ₹20,000 crore Total amount offered (Face value) by participants : ₹1,20,626 crore Total amount accepted (Face value) by RBI : ₹20,020 crore

The Reserve Bank of India (RBI) has, by an order dated January 28, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Kosamba Mercantile Co-operative Bank Ltd., Dist. Surat, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred in RBI under 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 27, 2025, imposed a monetary penalty of ₹2.10 lakh (Rupees Two Lakh Ten Thousand only) on Shree Savli Nagrik Sahakari Bank Ltd., Dist. Vadodara, Gujarat (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and for non-compliance with certain directions issued by RBI on ‘Investment by Primary (Urban) Co-operative Banks’, ‘Know Your Customer (KYC)’ and ‘Membership of Credit Information Companies (CICs) by 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 and Section 25 of the Credit Information Companies (Regulation) Act, 2005.

The Reserve Bank of India (RBI) has, by an order dated January 28, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Vadali Nagarik Sahakari Bank Ltd., Dist. Sabarkantha, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances to directors, relatives

The Reserve Bank of India (RBI) has, by an order dated January 28, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on The Odisha State Co-operative Bank Ltd., (the bank) for non-compliance with the provisions of Section 9 and Section 26A of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and 56 of BR Act.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

Security 7.59% GS 2029 7.18% GS 2033 7.10% GS 2034 6.79% GS 2034 7.18% GS 2037 Total amount notified Aggregate amount of ₹20,000 crore (no security-wise notified amount) Total amount (face value) accepted by RBI (₹ in crores) NIL 4,375 4,125 5,000 6,520 Cut off yield (%) NA 6.7764 6.7448 6.6747 6.8521 Cut off price (₹) NA 102.58 102.39 100.80 102.72

The Reserve Bank of India, on January 27, 2025, has superseded the board of directors of Aviom India Housing Finance Private Limited, and appointed Shri Ram Kumar, ex-Chief General Manager, Punjab National Bank, as the Administrator. In exercise of powers conferred under Section 45-IE (5) (a) of the RBI Act 1934, the Reserve Bank has constituted a three-member Advisory Committee to assist the Administrator in discharge of his duties. The members of the Advisory Committee are as follows:

The Reserve Bank of India has today (January 30, 2025) filed an application for initiation of CIRP against Aviom India Housing Finance Private Limited, under Section 227 read with clause (zk) of sub-section (2) of Section 239 of the Insolvency and Bankruptcy Code (“IBC”), 2016 read with Rules 5 and 6 of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudication Authority) Rules, 2019 (“FSP Insolvency Rules”) at the New Delhi Bench of the Hon’ble National Company Law Tribunal.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 31, 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) 1,50,000 Total amount of bids received (in ₹ crore) 1,17,354 Amount allotted (in ₹ crore) 1,17,354 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) 5,28,986.59 6.50 3.95-6.90 I. Call Money 13,598.84 6.58 5.10-6.65 II. Triparty Repo 3,58,446.55 6.46 6.14-6.59 III. Market Repo 1,55,029.90 6.59 3.95-6.85 IV. Repo in Corporate Bond 1,911.30 6.85 6.80-6.90

The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) since January 1, 2021 with March 2018 as base to capture the extent of digitisation of payments across the country. The index for September 2024 stands at 465.33 as against 445.5 for March 2024, which was announced on July 26, 2024.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The Reserve Bank has today released data on Reserve Money for the week ended January 24, 2025.

Under the ‘On Tap’ application facility for the theme ‘Retail Payments’ of the Regulatory Sandbox (RS), Exto India Technologies Pvt. Ltd. was selected for the Test Phase.

The Reserve Bank of India had issued Directions to The Karmala Urban Co-operative Bank Ltd., Solapur, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No. CO.DOS.SED.No.S2729/12-07-005/2022-2023 dated July 29, 2022 for a period of six months up to the close of business on January 29, 2023, which were last extended up to the close of business on January 29, 2025 vide Directive No. DOR.MON.D-67/12.22.130/2024-25 dated October 23, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹8000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 131 81 134 (ii) Amount ₹39832.670 Crore ₹25021.500 Crore ₹41006.000 Crore III. Cut-off price / Yield 98.3902 96.7816 93.7943 (YTM:6.5625%) (YTM:6.6691%) (YTM:6.6345%) IV. Competitive Bids Accepted (i) Number 37 38 23 (ii) Amount ₹11959.038 Crore ₹7980.789 Crore ₹7989.820 Crore V. Partial Allotment Percentage of Competitive Bids 19.35% 11.49% 38.14% (1 Bid) (1 Bid) (2 Bids)

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 98.3902 (YTM: 6.5625%) 96.7816 (YTM: 6.6691%) 93.7943 (YTM: 6.6345%) IV. Total Face Value Accepted ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore

Tenor 1-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 1,66,833 Amount allotted (in ₹ crore) 1,66,833 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,60,557.39 6.55 5.10-6.90 I. Call Money 14,705.14 6.55 5.10-6.65 II. Triparty Repo 3,91,434.90 6.53 6.40-6.65 III. Market Repo 1,52,590.05 6.58 5.75-6.80 IV. Repo in Corporate Bond 1,827.30 6.73 6.65-6.90

As announced vide the Press Release 2024-2025/2013 dated January 27, 2025, the Reserve Bank will be conducting a USD/INR Buy/Sell swap auction of USD 5 billion for a tenor of 6 months.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The result of the auction of State Government Securities held on January 28, 2025 is as under: (Amount in ₹ Crore) ASSAM 2045 BIHAR 2037 BIHAR 2045 GUJARAT 2034 Notified Amount 500 1000 1000 1000 Tenure 20 12 20 9 Competitive Bids Received (i) No. 8 38 3 67 (ii) Amount 1245 2880 2150 4890 Cut off Price (₹)/ Yield (%) 7.11 7.12 7.11 7.05 Competitive Bids Accepted (i) No. 2 25 2 7 (ii) Amount 494.984 982.995 999.993 974.950

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Assam 500 500 7.11 20 2. Bihar 1000 1000 7.12 12 1000 1000 7.11 20 3. Gujarat 1000 1000 7.05 09 1000 1000 7.03 10 4. Haryana 2000 2000 7.14 13 5. Jammu and Kashmir 300 300 7.08 30 6. Karnataka 2000 2000 7.13 16

Tenor 1-day Notified Amount (in ₹ crore) 2,00,000 Total amount of bids received (in ₹ crore) 1,39,281 Amount allotted (in ₹ crore) 1,39,281 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) 5,48,635.18 6.55 5.10-6.85 I. Call Money 12,208.54 6.57 5.10-6.65 II. Triparty Repo 3,82,808.20 6.53 6.25-6.58 III. Market Repo 1,51,866.04 6.60 5.95-6.75 IV. Repo in Corporate Bond 1,752.40 6.80 6.80-6.85

The Reserve Bank has today published the Payment System Report, December 2024. This report, in addition to analysing the trends in payment transactions carried out using various payment systems in India during the last five calendar years up to CY-2024, covers important developments in the payment ecosystem and provides an in-depth analysis into UPI. Henceforth, the Report will be published on RBI website on half yearly basis.

The Governor, Reserve Bank of India held meetings with the MD & CEOs of Public Sector Banks and select Private Sector Banks on January 27, 2025 in Mumbai. These interactions are part of the Reserve Bank's continuous engagement with the Senior Management of its Supervised Entities. The meetings were also attended by Deputy Governors Shri M. Rajeshwar Rao, Shri T. Rabi Sankar and Shri Swaminathan J., along with Executive Directors-in-Charge of Regulation and Supervision. The previous such meeting was held on July 3, 2024.

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹30,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.79% GS 2031 Dec 30, 2031 10,000 F.No.4(3)-B(W&M)/2024 dated January 27, 2025 January 31, 2025 (Friday) February 03, 2025 (Monday) 2 6.79% GOI SGrB 2034 Dec 02, 2034 5,000 3 7.34% GS 2064 Apr 22, 2064 15,000 Total 30,000