Press Releases

In the Fourth Cohort of the Regulatory Sandbox (RS) with ‘Prevention and Mitigation of Financial Frauds’ as its theme, six entities were to commence testing of their products which was communicated vide Press Release dated January 05, 2023.

The result of the auction of State Government Securities held on June 18, 2024 is as under: (Amount in ₹Crore) GUJARAT 2027 HARYANA 2034 JAMMU AND KASHMIR UT 2051 PUNJAB 2033 Notified Amount 2000 1500 500 1500 Tenure 3 10 27 9 Competitive Bids Received (i) No. 92 83 14 65 (ii) Amount 12470 7826.5 1650 5515 Cut off Yield (%) 7.23 7.36 7.33 7.39 Competitive Bids Accepted (i) No. 9 6 1 16 (ii) Amount 1910.294 1431.654 499.79 1451.808

Sr. No. State/UT Amount to be raised (₹Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1. Gujarat 2000 2000 7.23 03 2. Haryana 1500 1500 7.36 10 3. Jammu and Kashmir 500 500 7.33 27

Tenor 3-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 1,57,800 Amount allotted (in ₹ crore) 1,00,002 Cut off Rate (%) 6.57 Weighted Average Rate (%) 6.61 Partial Allotment Percentage of bids received at cut off rate (%) 74.56

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on June 18, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 3 11:15 AM to 11:45 AM June 21, 2024 (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.   (Puneet Pancholy)    Chief General Manager Press Release: 2024-2025/513

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 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - 

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 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. 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) 17,942.82 6.74 5.50-7.25 I. Call Money 740.65 6.31 5.50-6.72 II. Triparty Repo 16,839.00 6.76 6.50-6.92 III. Market Repo 363.17 6.58 5.50-7.25 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) 11,432.30 6.54 5.50-7.05 I. Call Money 857.40 6.13 5.50-6.50 II. Triparty Repo 9,199.90 6.52 6.25-6.83 III. Market Repo 133.00 6.33 6.25-6.95 IV. Repo in Corporate Bond 1,242.00 6.98 6.93-7.05

The Reserve Bank of India (RBI), vide order dated June 14, 2024, has cancelled the licence of “Purvanchal Co-operative Bank Ltd., Ghazipur, Uttar Pradesh.” Consequently, the bank ceases to carry on banking business, with effect from the close of business on June 15, 2024. The Commissioner for Cooperation and Registrar of Cooperative Societies, Uttar Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.