The Reserve Bank of India (RBI) has, by an order dated July 22, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jharkhand State Co-operative Bank Ltd, Ranchi (the bank) for non-compliance with certain directions issued by RBI on ‘Know your Customer (KYC) norms’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 26, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 14 10:30 AM to 11:00 AM August 09, 2024 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

The Reserve Bank has today released data on Money Supply for the fortnight ended July 12, 2024.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on July 26, 2024. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD)

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 594,258.49 6.63 4.00-6.95 I. Call Money 9,887.54 6.68 5.10-6.80 II. Triparty Repo 418,089.80 6.62 6.25-6.74 III. Market Repo 165,513.15 6.65 4.00-6.90 IV. Repo in Corporate Bond 768.00 6.91 6.90-6.95 B. Term Segment I. Notice Money** 127.75 6.55 6.20-6.75 II. Term Money@@ 303.00 - 6.75-7.00 III. Triparty Repo 1,140.00 6.67 6.60-6.70 IV. Market Repo 50.97 6.65 6.65-6.65 V. Repo in Corporate Bond 100.00 6.90 6.90-6.90

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Durga Co-operative Urban Bank Ltd., Vijayawada vide Directive No. HYD.DOS.INSP4.No.S241/15-36-070/2022-2023 dated July 28, 2022 for a period of six months up to January 29, 2023 as modified from time to time, which were last extended up to July 29, 2024 vide Directive No. DOR.MON/D-06/12.24.020/2024-25 dated April 18, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of Directive beyond July 29, 2024

The Reserve Bank has today released data on Reserve Money for the week ended July 19, 2024. Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/xxx

The Reserve Bank of India (RBI), vide order dated July 23, 2024, has cancelled the licence of “The Mahabhairab Cooperative Urban Bank Ltd., Tezpur, Assam”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 24, 2024. The Registrar of Cooperative Societies, Assam has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹ 8000 Crore ₹ 6000 Crore ₹ 6000 Crore II. Competitive Bids Received (i) Number 94 113 125 (ii) Amount ₹ 30785.839 Crore ₹ 19853.800 Crore ₹ 27277.030 Crore III. Cut-off price / Yield 98.3539 96.7089 93.6174 (YTM: 6.7130%) (YTM: 6.8249%) (YTM: 6.8365%)

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3539 (YTM: 6.7130%) 96.7089 (YTM: 6.8249%) 93.6174 (YTM: 6.8365%) IV. Total Face Value Accepted ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore

The following Eight Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 3,860 Amount accepted (in ₹ crore) 3,860 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

The Reserve Bank of India, vide directive DOS.CO.OCCD/185569/12.28.007/ 2021-2022 dated January 28, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P) under Directions from the close of business on January 28, 2022. The validity of these Directions was extended time-to-time, last being up to July 27, 2024.

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 599,076.46 6.66 0.50-7.00 I. Call Money 10,660.09 6.67 5.10-6.80 II. Triparty Repo 419,338.75 6.67 6.35-6.74 III. Market Repo 167,906.62 6.64 0.50-6.85 IV. Repo in Corporate Bond 1,171.00 6.92 6.90-7.00 B. Term Segment I. Notice Money** 160.00 6.46 5.95-6.75 II. Term Money@@ 619.50 - 6.85-7.10 III. Triparty Repo 1,200.00 6.70 6.70-6.70 IV. Market Repo 59.88 6.72 6.72-6.72 V. Repo in Corporate Bond 0.00 - -

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 24, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 10:30 AM to 11:00 AM July 26, 2024 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

The result of the auction of State Government Securities held on July 23, 2024 is as under: (Amount in ₹Crore) ASSAM 2039 GOA 2034 KERALA 2054 RAJASTHAN 2034 Notified Amount 1000 100 1000 1000 Tenure 15 10 30 10 Competitive Bids Received (i) No. 55 15 29 59 (ii) Amount 3655 399 3955 3465 Cut-off Yield (%) 7.35 7.36 7.33 7.36 Competitive Bids Accepted

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The National Co-operative Bank Ltd., Bangalore vide Directive No. BLR.DOS.SSMS.No.S836/09-01-112/2023-2024 dated July 24, 2023, for a period of six months up to close of business on January 24, 2024, as modified from time to time which were last extended up to close of business on July 24, 2024 vide Directive DOR.MON/D-05/12-23-112/2024-2025 dated April 18, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on July 24, 2024.

Sr. No. State/UT Amount to be raised (₹Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Assam 1000 1000 7.35 15 2 Goa 100 100 7.36 10 3 Kerala 1000 1000 7.33 30 4 Rajasthan 1000 1000 7.36 10 5 Tamil Nadu 1000 1000 7.33 8 2000 2000 7.34 10 6 Telangana 1000 1000 7.34 13 1000 1000 7.35 16 1000 1000 7.33 18 7 West Bengal 3000 3000 7.36 16 Total 12100 12100

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 588,291.86 6.59 4.00-6.90 I. Call Money 11,462.43 6.60 5.10-6.75 II. Triparty Repo 403,412.00 6.59 6.35-6.76 III. Market Repo 172,781.43 6.57 4.00-6.85 IV. Repo in Corporate Bond 636.00 6.85 6.80-6.90 B. Term Segment I. Notice Money** 150.40 6.48 6.25-6.65 II. Term Money@@ 381.00 - 6.60-7.25 III. Triparty Repo 1,190.00 6.59 6.50-6.60 IV. Market Repo 1,100.57 6.76 6.70-6.78 V. Repo in Corporate Bond 0.00 - -

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Suri Friends' Union Co-operative Bank Limited, Suri (West Bengal) vide Directive No. CO.DOS.SED.No.S-2574/12-07-005/2022-23 dated July 21, 2022 for a period of six months up to January 22, 2023 as modified from time to time, which were last extended up to July 22, 2024 vide Directive No. DOR.MON.D-07/12.29.046/ 2024-25 dated April 18, 2024.