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) 8,819.35 5.80 5.00-6.10 I. Call Money 3,119.40 5.70 5.25-5.95 II. Triparty Repo 4,029.95 5.81 5.00-5.95 III. Market Repo 41.00 5.60 5.60-5.60 IV. Repo in Corporate Bond 1,629.00 5.97 5.95-6.10

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹23,000 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1. Andhra Pradesh 1000 07 Yield 2000 09 Yield 2000 10 Yield 1000 11 Yield 1000 12 Yield

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹21,000 Crore (Face Value).

In terms of GOI Notification F. No. 4(8) - W&M/2017 dated April 20, 2017 (SGB 2017-18 Series I - Issue date May 12, 2017) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final

In terms of GOI Notification F. No.4(8)-(W&M)/2018 dated April 13, 2018 (SGB 2018-19 Series I - Issue date May 04, 2018) 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 May 03, 2025 (May 04, 2025 being a holiday).

The Reserve Bank of India (RBI) has, by an order dated April 29, 2025, imposed a monetary penalty of ₹29.60 lakh (Rupees Twenty nine lakh sixty thousand only) on Axis Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Un-authorized Operation of lnternal / Office Accounts’. 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 Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated April 29, 2025, imposed a monetary penalty of ₹97.80 lakh (Rupees Ninety seven lakh eighty thousand only) on ICICI Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘Cyber Security Framework in Banks’, ‘Know Your Customer (KYC)’, and ‘Credit Card and Debit Card – Issuance and Conduct’. 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 Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated April 30, 2025, imposed a monetary penalty of ₹31.80 lakh (Rupees Thirty one lakh eighty thousand only) on Bank of Maharashtra (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 51(1) of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated April 30, 2025, imposed a monetary penalty of ₹31.80 lakh (Rupees Thirty one lakh eighty thousand only) on IDBI Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘lnterest Subvention Scheme

The Reserve Bank of India (RBI) has, by an order dated April 29, 2025, imposed a monetary penalty of ₹61.40 lakh (Rupees Sixty One Lakh Forty Thousand only) on Bank of Baroda (the bank) for non-compliance with certain directions issued by RBI on ‘Financial Services provided by Banks’ and ‘Customer Service in Banks’ read with ‘Interest Rate on Deposits’. 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 51(1) of the Banking Regulation Act, 1949.

Government of India has been undertaking conversion/switch operations with market participants as well as with the Reserve Bank with the objective of smoothening its liability profile as well as for market development. As part of these operations, Government has undertaken

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 9,000 May 07, 2025 (Wednesday) May 08, 2025 (Thursday) 2 182 Days 5,000 3 364 Days 5,000 Total 19,000

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.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Apr. 26 Apr. 18 Apr. 25 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 13284 36792 22324 -14467 9040 * Data are provisional; difference, if any, is due to rounding off.

Dr. Poonam Gupta took over as the Deputy Governor of the Reserve Bank of India today. The Government of India on April 02, 2025, appointed her to the post of Deputy Governor for a period of three years from the date of joining the post or until further orders, whichever is earlier.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 19-Apr-2024 04-Apr-2025* 18-Apr-2025* 19-Apr-2024 04-Apr-2025* 18-Apr-2025* LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 292789.19 351074.23 346509.08 297191.96 357631.44 352736.84** b) Borrowings from banks 172085.67 105753.34 105133.47 172085.67 105753.34 105135.36 c) Other demand & time liabilities 74776.62 23065.11 23924.91 75015.17 23376.65 24210.23 LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 20753393.98 23115693.06 22860857.29 21216637.71 23616475.06 23356673.93 i) Demand 2461946.55 2781234.31 2637202.46 2512203.40 2834337.87 2689244.87 ii) Time 18291447.43 20334458.76 20223654.82 18704434.31 20782137.19 20667429.06 b) Borrowings @ 775338.10 920596.05 868605.09 779549.01 924884.82 873320.89

The Reserve Bank set up a Working Group to undertake a comprehensive review of trading and settlement timings of markets regulated by the Reserve Bank, as announced in the ‘Statement on Developmental and Regulatory Policies’ dated February 07, 2025. The Working Group was chaired by Shri Radha Shyam Ratho, Executive Director, RBI. It was tasked with reviewing existing market timings, identifying operational challenges, examining global practices and recommending the way forward.

Auction Results 6.64% GS 2027 New GS 2035 I. Notified Amount ₹6,000 crore ₹30,000 crore II. Underwriting Notified Amount ₹6,000 crore ₹30,000 crore III. Competitive Bids Received (i) Number 92 312 (ii) Amount ₹33,530.927 crore ₹1,29,617.000 crore IV. Cut-off price / Yield 101.49 - (YTM: 6.0080%) (YTM: 6.33%)

6.64% GS 2027 New GS 2035 I. Notified Amount ₹6,000 crore ₹30,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 101.49/6.0080% 6.33% III. Amount accepted in the auction ₹6,000 crore ₹30,000 crore IV. Devolvement on Primary Dealers NIL NIL

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 April 01, 2025.

Consequent on the appointment and assumption of charge by Dr. Poonam Gupta as Deputy Governor, the distribution of portfolios among the Deputy Governors with effect from May 2, 2025 will be the following: Name Departments

Tenor 14-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 149 Amount allotted (in ₹ crore) 149 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 Partial Allotment Percentage of bids received at cut off rate (%) NA

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 - -

Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 6,231 Amount allotted (in ₹ crore) 6,231 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 Partial Allotment Percentage of bids received at cut off rate (%) NA

In the underwriting auction conducted on May 02, 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

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,03,530.26 5.96 0.01-6.30 I. Call Money 17,990.81 5.94 5.00-6.05 II. Triparty Repo 3,94,904.10 5.95 5.70-6.05 III. Market Repo 1,89,156.35 5.99 0.01-6.30 IV. Repo in Corporate Bond 1,479.00 6.15 5.95-6.25

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of April 2025 are set out in Tables 1 to 7. Highlights: Lending Rates:

The value of exports and imports of services during March 2025 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) January – 2025 34,726 (12.0) 16,706 (12.6) February – 2025 31,625 (11.6) 14,506 (-4.8) March – 2025 35,600 (18.6) 17,475 (5.3) Notes: (i) Data for January-March are provisional; and (ii) 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 today released data on India’s invisibles as per the IMF’s Balance of Payments and International Investment Position Manual (BPM6) format for October-December of 2024-25.

The Reserve Bank has today released data on Reserve Money for the week ended April 25, 2025 and Money Supply for the fortnight ended April 18, 2025.

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.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 02, 2025, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 14 11:00 AM to 11:30 AM May 16, 2025 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

Data on sectoral deployment of bank credit for the month of March 2025 collected from 41 select scheduled commercial banks (SCBs), accounting for about 95 per cent of the total non-food credit deployed by all SCBs, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit as on the fortnight ended March 21, 2025, grew by 12.0 per cent as compared to 16.3 per cent during the corresponding fortnight of the previous year (i.e., March 22, 2024).

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore II. Competitive Bids Received (i) Number 68 78 87 (ii) Amount ₹21082.255 Crore ₹19716.700 Crore ₹23359.200 Crore III. Cut-off price / Yield 98.5495 97.1300 94.4301

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.5495 (YTM:5.9036%) 97.1300 (YTM: 5.9258%) 94.4301 (YTM: 5.9146%) IV. Total Face Value Accepted ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on May 02, 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: (₹ crore) Security Notified Amount MUC amount per PD Minimum bidding commitment per PD under ACU auction

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 14,952 Amount allotted (in ₹ crore) 14,952 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 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) 6,14,702.89 5.85 0.01-6.30 I. Call Money 16,789.55 5.90 4.95-6.10 II. Triparty Repo 4,07,447.80 5.85 5.73-6.20 III. Market Repo 1,88,703.54 5.84 0.01-6.30 IV. Repo in Corporate Bond 1,762.00 5.96 5.95-6.00

The rate of interest on Government of India Floating Rate Bond 2034 (GOI FRB 2034) applicable for the half year April 30, 2025 to October 29, 2025 shall be 6.99 per cent per annum. It may be recalled that FRB 2034 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., April 30, 2025) of 182 Day T-Bills, plus a fixed spread (0.98 per cent).

In terms of GOI Notification F.No. 4(25)-(W&M)/2017 dated October 06, 2017 (SGB 2017-18 Series V - Issue date October 30, 2017) and GOI Notification F. No. 4(7)-B(W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series VI - Issue date October 30, 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 April 30, 2025.

As announced vide the Press release 2025-26/197 dated April 28, 2025, the Reserve Bank will be conducting OMO purchase for an aggregate amount of ₹50,000 crore on May 06, 2025. 2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method:

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 of India has been regularly conducting Rural Consumer Confidence Survey (RCCS). The May 2025 round of the survey is being launched. The survey collects current perceptions and one year ahead expectations of households on general economic situation, employment scenario, overall price situation, own income and spending from the households residing in the rural and semi-urban areas across 31 states/ UTs viz., NCT of Delhi, Telangana, Assam, Bihar, Gujarat, Haryana, Uttar Pradesh, Jammu and Kashmir, Kerala, Madhya Pradesh, Karnataka, Maharashtra, Chhattisgarh, Odisha, Punjab, Rajasthan, Tamil Nadu, Jharkhand, West Bengal, Tripura, Meghalaya, Andhra Pradesh, Sikkim, Goa, Himachal Pradesh, Uttarakhand, Manipur, Nagaland, Arunachal Pradesh, Mizoram and Union Territory of Ladakh. The results of this survey provide useful inputs for monetary policy.

The Reserve Bank of India has been regularly conducting Urban Consumer Confidence Survey (UCCS). The May 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, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram. The results of this survey

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The May 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 result of the auction of State Government Securities held on April 29, 2025, is as under: (Amount in ₹ Crore) HARYANA SGS 2038 HIMACHAL PR SGS 2032 HIMACHAL PR SGS 2034 KERALA SGS 2046 Notified Amount 1000 500 800 2000 Tenure 13 7 9 21 Competitive Bids Received (i) No. 42 14 15 13 (ii) Amount 3040 1825 1340 4260

I. Summary OMO Purchase Results Aggregate Amount (Face value) notified by RBI : ₹20,000 crore Total amount offered (Face value) by participants : ₹39,218 crore Total amount accepted (Face value) by RBI : ₹20,000 crore II. Details of OMO Purchase Issue

Security 7.04% GS 2029 6.10% GS 2031 7.26% GS 2032 6.19% GS 2034 8.33% GS 2036 Total amount notified Aggregate amount of ₹20,000 crore (no security-wise notified amount) Total amount (face value) accepted by RBI (₹ in crore) 1,605 9,869 2,656 1,610 4,260 Cut off yield (%) 6.0975 6.2238 6.2570 6.3476 6.5005 Cut off price (₹) 103.36 99.36 105.80 98.89 114.30 Detailed results will be issued shortly.

Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Haryana 1000 1000 6.75 13 2. Himachal Pradesh 500 500 6.65 7 800 800 6.79 9 3. Kerala 2000 2000 6.78 21 4. Maharashtra 2000 2000 6.77 12

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 5,901 Amount allotted (in ₹ crore) 5,901 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 Partial Allotment Percentage of bids received at cut off rate (%) NA