I. T-Bill 91 days182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹10,000 Crore ₹9,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price ₹98.2920 (YTM: 6.9698%)

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 530,981.62 6.77 5.00-7.00 I. Call Money 12,850.53    6.76 5.00-6.85 II. Triparty Repo 375,180.30 6.76 6.66-6.77 III. Market Repo 142,765.08 6.79 5.42-6.90 IV. Repo in Corporate Bond 185.71 6.95 6.90-7.00

The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018, had placed The City Co-operative Bank Ltd, Mumbai under Directions from the close of business on April 17, 2018. The validity of the directions was extended from time-to-time, the last being up to close of business on January 16, 2024.

The Reserve Bank of India today placed on its website the Report of the Working Group on State Government Guarantees.   During the 32nd Conference of the State Finance Secretaries held on July 07, 2022, it was decided to constitute a Working Group comprising members drawn from the Ministry of Finance, Government of India; Comptroller and Auditor General of India; and some State Governments.

The result of the auction of State Government Securities held on January 16, 2024 is as under:

Sr. No. State Amount to be raised (₹ Cr) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 ; Andhra Pradesh 450 450 7.64 7 1000 1000 7.67 14 1000 1000 7.60 20 2 Assam 750 750 7.68 7 3 Bihar 2000 2000 7.73

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 522,630.80 6.76 0.01-7.25 I. Call Money 11,226.35    6.78 5.00-6.86 II. Triparty Repo 369,144.50 6.75    6.71-6.80 III. Market Repo 142,229.95 6.78 0.01-6.95 IV. Repo in Corporate Bond    30.00 7.25 7.25-7.25

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on October 06, 2023, the Reserve Bank has today placed on its website, a ‘Draft Omnibus Framework for recognising Self-Regulatory Organisations for Regulated Entities’.  The draft omnibus framework contains broad parameters applicable to any Self-Regulatory Organisation (SRO) viz., objectives, responsibilities, eligibility criteria, governance standards, application process and other basic conditions for grant of recognition to the SRO.

The Reserve Bank of India today released the draft circular on ‘Review of regulatory framework for HFCs and harmonisation of regulations applicable to HFCs and NBFCs’. Comments on the draft circular are invited from NBFCs (including HFCs) and other stakeholders by February 29, 2024. 

Government of India (GOI) has announced the sale (issue/re-issue) of four dated securities for a notified amount of ₹35,000 crore as per the following details:

A. Source Security 8.40% GS 2024 8.40% GS 2024 GOI FRB, 2024 GOI FRB, 2024 GOI FRB, 2024 GOI FRB, 2024 B. Notified Amount (amount in ₹ cr) 1,000 1,000 3,000 1,000 2,000 1,000 Destination Security 8.97% GS 2030 6.76% GS 2061 8.32% GS 2032 7.73% GS 2034 8.33% GS 2036 8.17% GS 2044 C. i. No. of offers received 4 0 6 5 5 5 ii. Total amount of Source Security offered (Face value in ₹ cr) 1,695.750 0.000 4,800.000 1,485.000 695.000 840.000 iii. No of offers accepted 2 0 4 5 5 5 iv. Total amount of source security accepted (Face value in ₹ cr) 1,000.000 0 3,000.000 1,000.000 695.000 840.000 v. Total amount of destination security issued (Face value in ₹ cr) 917.193 0 2,799.633 965.324 641.069 772.508 vi. Cut-off price (₹) / yield (%) for destination security 109.72/7.1551 NA 107.09/7.1939 103.50/7.2593 108.32/7.2969 108.52/7.3633 

FinTechs are significantly reshaping the landscape of financial services by streamlining processes, improving accessibility, and reducing costs. Achieving a healthy balance between facilitating innovation by the industry on the one hand, and meeting regulatory priorities in a manner that protects consumers and contains risk, on the other, is crucial to optimising the contribution of the FinTech sector.

(Amount in ₹ Crore, Rate in Per cent) 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 - - IV. Repo in Corporate Bond 0.00 - -

(Amount in ₹ Crore, Rate in Per cent)  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  -  -  IV. Repo in Corporate Bond   0.00  -  -  B.  Term Segment I. Notice Money**     0.00  -  -  II. Term Money@@  0.00  -  -

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A.  Overnight Segment (I+II+III+IV)  5,17,222.87  6.73  0.01-7.25  I. Call Money 11,190.51 6.78  5.00-6.85 II. Triparty Repo 3,69,718.70 6.72 6.25-6.77 III. Market Repo 1,36,283.66  6.75  0.01-6.87 IV. Repo in Corporate Bond 30.00 7.25 7.25-7.25

The Central Government has re-appointed Dr. Michael Debabrata Patra as Deputy Governor, Reserve Bank of India for a further period of one year with effect from January 15, 2024, or until further orders, whichever is earlier.

The Reserve Bank of India (RBI), vide order dated January 12, 2024, has cancelled the license of “Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Dabhoi”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on January 12, 2024. Registrar of Cooperative Societies, Gujarat has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

The Reserve Bank of India (RBI), vide order dated January 12, 2024, has cancelled the licence of “The Hiriyur Urban Co-operative Bank Ltd., Hiriyur”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on January 12, 2024. The Registrar of Cooperative Societies, Karnataka has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

The Reserve Bank of India (RBI) has, by an order dated January 03, 2024 imposed a monetary penalty of ₹1 crore (Rupees One Crore only) on Punjab and Sind Bank (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47 A (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 January 08, 2024, imposed a monetary penalty of ₹120.47 lakh (Rupees One crore twenty lakh and forty-seven thousand only) on Dhanlaxmi Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’, ‘Reserve Bank of lndia (Know Your Customer (KYC)) Directions, 2016’ and ‘Reserve Bank of lndia (Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.