Press Releases

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 8,000 July 03,2024 (Wednesday) July 04,2024 (Thursday) 2 182 Days 6,000 3 364 Days 6,000 Total 20,000

In terms of GOI Notifications F. No. 4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18, Series XIV - Issue date January 01, 2018) and F. No. 4(22) – B(W&M)/2018 dated October 08, 2018 (SGB 2018-19, Series IV - Issue date January 01, 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 tranches shall be July 01, 2024.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹14,100 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenure (Year) Type of Auction 1. Andhra Pradesh 1000 - 09 Yield 1000 - 12 Yield 1000 - 17 Yield 1000 - 21 Yield 1000 - 24 Yield 2. Jammu and Kashmir 500 - 22 Yield 3. Kerala 1500 - 22 Yield 4. Manipur 200 - 12 Yield 5. Meghalaya 400 - 10 Yield . 6. Punjab 1000 - 9 Yield 1500 - 10 Yield 7. Tamil Nadu 2000 - 10 Yield 8. Telangana 1000 - 13 Yield 1000 - 18 Yield Total 14,100

(For the Quarter ending September 2024) After reviewing the cash position of the Central Government, the Reserve Bank of India, in consultation with the Government of India, hereby, notifies the calendar for issuance of Treasury Bills for the quarter ending September 2024 as under: Notified Amount for Auction of Treasury Bills (July 01, 2024 to September 30, 2024) (₹ Crore) Date of Auction Date of Issue 91 Days 182 Days 364 Days Total July 3, 2024 July 4, 2024 8,000 6,000 6,000 20,000 July 10, 2024 July 11, 2024 8,000 6,000 6,000 20,000

The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter July – September 2024, is expected to be ₹2,63,562 Crore. The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts indicated by them is as under

The limits for financial accommodation extended by the Reserve Bank of India to State Governments / Union Territories (UTs) through Special Drawing Facility (SDF), Ways and Means Advances (WMA), and Overdraft (OD) schemes were last reviewed and announced on April 01, 2022.

Today, the Reserve Bank released data on the performance of the private corporate sector during 2023-24 drawn from abridged financial results of 3,281 listed non-government non-financial (NGNF) companies. These also include data for 2022-23 to enable comparison (web-link https://data.rbi.org.in/DBIE) Highlights Sales Annual sales growth of listed private non-financial companies moderated to 4.7 per cent during 2023-24 from the high of 19.8 per cent in 2022-23, which included the post-pandemic recovery period (Table 1A). Among major sectors, sales of manufacturing, information technology (IT) and non-IT services companies rose by 3.5 per cent, 5.5 per cent and 7.9 per cent, respectively, during 2023 

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of June 2024 are set out in Tables 1 to 7. Highlights: Lending Rates: • The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 9.39 per cent in May 2024 (9.55 per cent in April 2024). • The WALR on outstanding rupee loans of SCBs was unchanged at 9.83 per cent in May 2024. • 1-Year median Marginal Cost of fund-based Lending Rate (MCLR) of SCBs moved to 8.85 per cent in June 2024 from 8.79 per cent in May 2024.

The value of exports and imports of services during May 2024 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) January – 2024 31,009 (10.7) 14,842 (0.1) February – 2024 28,335 (3.4) 15,231 (1.7) March – 2024 30,014 (-1.4) 16,599 (-2.1) April – 2024 

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 16-Jun-23 31-May-2024* 14-Jun-2024* 16-Jun-23 31-May-2024* 14-Jun-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 244966.09 283850.22 273343.39 247408.55 287696.36 277132.61 b) Borrowings from banks 39769.92 163095.32 151774.70 39846.04 163135.01 151776.70 c) Other demand & time liabilities 61063.21 76511.12 75822.77 61719.33 76934.48 76088.94 

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Jun. 23 Jun. 14 Jun. 21 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 12339 7994 4039 -3955 -8300 * Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The July 2024 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 Reserve Bank of India has been regularly conducting Consumer Confidence Survey (CCS). The July 2024 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 provide useful inputs for monetary policy. The agency, M/s Hansa Research Group Pvt. Ltd., Mumbai has been engaged to conduct the survey of this round on behalf of the Reserve Bank of India. For this purpose, the selected households will be approached by the agency and they are requested to provide their responses. Other individuals, who are not approached by the agency, can also participate in this survey by providing their responses using the linked survey schedule. The filled in survey schedule may be e-mailed as per the contact details given below. In case of any query/clarification, kindly contact at the following address: The Director, Division of Household Surveys, Department of Statistics and Information Management, Reserve Bank of India, C-8, 2nd Floor, Bandra- Kurla Complex, Bandra (East), Mumbai-400 051; Phone: 022-2657 8398, 022-2657 8332; E-mail: helpieshdsim@rbi.org.in

Today, the Reserve Bank held its 18th Annual Statistics Day Conference with the theme ‘RBI Statistics@90’ as a part of the ‘National Statistics Day’ celebrations in the memory of late Professor Prasanta Chandra Mahalanobis, who made pioneering contributions in laying the foundations of modern day official statistics in India.

Data on sectoral deployment of bank credit for the month of May 2024 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 credit registered a growth of 16.2 per cent in May 2024 as compared with 15.5 per cent a year ago.

The Reserve Bank of India (RBI) has, by an order dated June 24, 2024, imposed a monetary penalty of ₹29.60 lakh (Rupees Twenty-Nine lakh and Sixty thousand only) on The Hongkong and Shanghai Banking Corporation Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Credit Card, Debit Card and Rupee Denominated Co-branded Pre-paid Card operations of Banks’ reiterated in ‘Reserve Bank of India (Credit Card and Debit Card – Issuance and Conduct) Directions, 2022’.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.

Auction Results 7.10% GS 2034 7.34% GS 2064 I. Notified Amount ₹20,000 Crore ₹11,000 Crore II. Underwriting Notified Amount ₹20,000 Crore ₹11,000 Crore III. Competitive Bids Received (i) Number 267 209 (ii) Amount ₹47776.500 Crore ₹25570.000 Crore IV. Cut-off price / Yield 100.55 103.15 (YTM: 7.0191%) (YTM: 7.1004%) V. Competitive Bids Accepted (i) Number 146 109 (ii) Amount ₹19988.089 Crore ₹10993.528 Crore

7.10% GS 2034 7.34% GS 2064 I. Notified Amount ₹20,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.55/7.0191% 103.15/7.1004% III. Amount accepted in the auction ₹20,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 88,625 Amount allotted (in ₹ crore) 50,003 Cut off Rate (%) 6.65 Weighted Average Rate (%) 6.69 Partial Allotment Percentage of bids received at cut off rate (%) 18.37

In the underwriting auctions conducted on June 28, 2024, 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: (₹ crore) Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate (paise per ₹100) 7.10% GS 2034 20,000 10,017 9,983 20,000 0.08 7.34% GS 2064 11,000 5,502 5,498 11,000 0.10 Auction for the sale of securities will be held on June 28, 2024.