The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹48,615 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Assam 1000 - 20 Yield 2. Bihar 1500 - 13 Yield 1500 - 26 Yield

In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-XI-Issue date February 09, 2021) 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 due date of premature redemption of the above tranche shall be on February 09, 2026.

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated October 01, 2025, Deposit Insurance and Credit Guarantee Corporation (DICGC), with approval of Reserve Bank of India (RBI), has today advised the insured banks on implementation of Risk Based Premium (RBP) framework. The framework aims to incentivise sound risk management by banks and reduce premium to be paid by better rated banks.

The names of the following six Regional Rural Banks (RRBs) have been altered in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S7704/16.13.300/2025-26 dated January 12, 2026 and published in the Gazette of India (Part III - Section 4) dated February 03, 2026. The old and new names are as follows:

The Assam Co-operative Apex Bank Ltd has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification CO.DOR.RAUG.No.S7656/07-12-000/2025-2026 dated January 12, 2026 and published in the Gazette of India (Part III - Section 4) dated January 29, 2026.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

The Reserve Bank of India has released today the draft revised Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2022. Comments on the draft revised Directions are invited from market participants, stakeholders and other interested parties by February 27, 2026.

The Reserve Bank of India today released on its website the results of the following Surveys: i) Urban Consumer Confidence Survey (UCCS) – January 2026 ii) Inflation Expectations Survey of Households (IESH) – January 2026 iii) Rural Consumer Confidence Survey (RCCS) – January 2026 iv) OBICUS Survey on manufacturing sector – Q2:2025-26 v) Industrial Outlook Survey of the Manufacturing Sector for Q3:2025-26 vi) Survey of Professional Forecasters on Macroeconomic Indicators – Round 98th vii) Bank Lending Survey for Q3:2025-26 viii) Services and Infrastructure Outlook Survey for Q3:2025-26 The Survey results are based on the feedback received from the respondents to the Surveys and do not necessarily reflect the views of the Reserve Bank of India.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Jan. 31 Jan. 23 Jan. 30 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 19332 16817 13448 -3370 -5884 * Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank had issued the Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Directions, 2025 (hereafter referred as the ‘Master Directions’), on November 28, 2025, which inter alia prescribes regulations on opening and closure of branches of Non-Banking Financial Companies (NBFCs). As announced in the Governor’s Statement on February 06, 2026, the Reserve Bank has today published the Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026. Consequently, relevant paragraphs of the Reserve Bank of India (Non-Banking Financial Companies - Acceptance of Public Deposits) Directions, 2025 and the Reserve Bank of India (Housing Finance Companies) Directions, 2025, shall be amended suitably.

(Amount in ₹ Crore) Auction Results 6.68% GS 2040 6.90% GS 2065 I. Notified Amount 16,000 13,000 II. Competitive Bids Received (i) Number 264 156 (ii) Amount 40,282.000 24,335.000 III. Cut-off price / Yield 95.67 92.53 (YTM: 7.1658%) (YTM: 7.4917%) IV. Competitive Bids Accepted (i) Number 118 113 (ii) Amount 15,976.010 12,975.876

6.68% GS 2040 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹13,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 95.67/7.1658% 92.53/7.4917% III. Amount accepted in the auction ₹16,000 crore ₹13,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on February 06, 2026, 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 Competitive Underwriting Amount Accepted (₹crore) Total Amount underwritten (₹crore) ACU Commission Cut-off rate (Paise per ₹100) 6.68% GS 2040 16,000 8,001 7,999 16,000 0.80 6.90% GS 2065 13,000 6,510 6,490 13,000 0.92

Statement on Developmental and Regulatory Policies This Statement sets out various developmental and regulatory policy measures relating to (i) Regulations; (ii) Payments System; (iii) Financial Inclusion; (iv) Financial Markets; and (v) Capacity Building. I. Regulations 1. Advertising, Marketing and Sales of Financial Products and Services by Regulated Entities (REs)

Good morning. I welcome you all to the first policy of 2026. We are only in the second month of the new year and have already witnessed momentous actions on the geopolitical and trade-tariff fronts. 2. Amidst heightened geo-political tensions and elevated uncertainty, the Indian economy is in a good spot with strong growth and low inflation. Inflation remains below the tolerance band and its outlook continues to be benign. High frequency indicators suggest continuation of the strong growth momentum in Q3:2025-26 and beyond. With the signing of a landmark trade deal with the European Union and the US trade agreement in sight, growth momentum is likely to be sustained for a longer period.

Monetary Policy Decisions The Monetary Policy Committee (MPC) held its 59th meeting from February 4 to 6, 2026, under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India. The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta and Shri Indranil Bhattacharyya attended the meeting.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,58,580.59 4.30 0.01-5.70 I. Call Money 14,402.18 5.03 4.40-5.15 II. Triparty Repo 4,72,526.15 4.30 4.00-4.95 III. Market Repo 1,66,385.26 4.21 0.01-5.70 IV. Repo in Corporate Bond 5,267.00 4.79 4.37-5.50 B. Term Segment I. Notice Money** 121.50 5.02 4.45-5.10 II. Term Money@@ 788.00 - 5.40-5.75 III. Triparty Repo 765.00 4.74 4.55-5.09

The Reserve Bank of India (RBI) has, by an order dated February 02, 2026, imposed a monetary penalty of ₹5,000/- (Rupees Five Thousand only) on Daund Urban Co-operative Bank Limited, Daund, Pune, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Credit Information Reporting’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 25 read with Section 23 of the Credit Information Companies (Regulation) Act, 2005.

The Reserve Bank of India (RBI) has, by an Order dated February 03, 2026, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on Agartala Co-operative Urban Bank Limited, Agartala, Tripura (bank) for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory/ Other Restrictions - UCBs’. 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 56 of the Banking Regulation Act, 1949.

I. Summary OMO Purchase Results Aggregate Amount (Face value) notified by RBI : ₹50,000 crore Total amount offered (Face value) by participants : ₹87,161 crore Total amount accepted (Face value) by RBI : ₹50,000 crore

Security 6.75% GS 2029 6.28% GS 2032 7.18% GS 2033 6.79% GS 2034 6.33% GS 2035 6.92% GS 2039 7.09% GS 2054 Total amount notified Aggregate amount of ₹50,000 crore (No security-wise notified amount) Total amount (Face Value) accepted by RBI (₹ in crore) 9,873 3,562 20,346 4,091 6,768 1,780 3,580

The Reserve Bank of India (RBI) has, by an order dated February 04, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Vinayaka Capsec Private Limited (the company) for non-compliance with certain directions issued by RBI on ‘Acquisition of Shareholding or Control’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on February 06, 2026 (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) Securities Notified Amount MUC amount per PD Minimum bidding commitment per PD under ACU auction 6.68% GS 2040 16,000 381 381 6.90% GS 2065 13,000 310 310

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,62,893.87 4.33 0.01-5.70 I. Call Money 12,305.09 4.98 4.40-5.65 II. Triparty Repo 4,68,035.05 4.24 4.00-5.02 III. Market Repo 1,77,676.73 4.50 0.01-5.70 IV. Repo in Corporate Bond 4,877.00 4.97 4.75-5.50

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sikar Urban Co-operative Bank Ltd, Sikar   vide Directive No. DCBS. CO BSD-I/D-2/ 12.27.215/ 2018-19 dated October 26, 2018, for a period of six months. The same were modified from time to time and were last extended up to close of business on March 09, 2026.

Today, the Reserve Bank conducted a USD/INR Buy/Sell swap auction for a notified amount of USD 10 billion as announced vide press release dated January 23, 2026. I. SUMMARY RESULTS Aggregate amount notified (USD billion) 10.00 Total amount bid by participants (USD billion) 25.03 Total amount accepted (USD billion) 10.00 Cut-off premium (in paisa) 748.00 II. OTHER DETAILS USD/INR Buy/Sell Swap auction

(Amount in ₹ crore) Auction Results 91-Day 182-Day 364-Day I. Notified Amount 9,000 12,000 8,000 II. Competitive Bids Received (i) Number 119 110 140 (ii) Amount 30,827.905 51,285.000 36,735.000 III. Cut-off price / Yield 98.6850 97.2848 94.6683 (YTM: 5.3447%) (YTM: 5.5973%) (YTM: 5.6475%) IV. Competitive Bids Accepted

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru vide Directive No. DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20 dated January 02, 2020, for a period of six months up to close of business on July 10, 2020. 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 February 10, 2026.

T-Bill 91-Day 182-Day 364-Day I. Total Face Value Notified ₹9,000 Crore ₹12,000 Crore ₹8,000 Crore II. Cut-off Price and Implicit Yield at Cut-Off Price 98.6850 (YTM:5.3447%) 97.2848 (YTM: 5.5973%) 94.6683 (YTM: 5.6475%) III. Total Face Value Accepted ₹9,000 Crore ₹12,000 Crore ₹8,000 Crore

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,79,402.77 4.49 0.01-7.75 I. Call Money 13,967.13 5.06 4.40-5.26 II. Triparty Repo 4,90,010.35 4.40 3.95-5.00 III. Market Repo 1,70,516.89 4.67 0.01-5.10 IV. Repo in Corporate Bond 4,908.40 5.46 5.40-7.75

The result of the auction of State Government Securities held on February 03, 2026 is as under: (Amount in ₹ Crore) ANDHRA PRADESH SGS 2035    ANDHRA PRADESH SGS 2039    ANDHRA PRADESH SGS 2041    ASSAM SGS 2041 Notified Amount    1000    1200    1100    1000 Tenor    Re-issue of 7.48% ANDHRA SGS 2035 issued on 28-JAN-2026    13 -Years    15 -Years    15 -Years Competitive Bids Received    

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Andhra Pradesh 1000 1000 99.60/7.5418 Re-issue of 7.48% Andhra Pradesh SGS 2035, issued on January 28, 2026 1200 1200 7.68 13 1100 1100 7.71 15 2. Assam 1000 1000 7.68 15 3. Chhattisgarh 1000 1000 97.72/7.5406 Re-issue of 7.19% Chhattisgarh SGS 2035, issued on February 27, 2025 1000 1000 7.75 16 4. Gujarat* 1000 1500 7.17 06 5. Haryana 1000 1000 7.69 15

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,96,620.63 4.70 3.50-6.10 I. Call Money 14,162.12 5.20 4.25-5.30 II. Triparty Repo 4,97,242.60 4.57 3.75-5.06 III. Market Repo 1,79,840.36 5.00 3.50-5.50 IV. Repo in Corporate Bond 5,375.55 5.22 5.18-6.10

Analysis of the performance under the Citizen’s Charter during the month of January 2026 has been carried out, and the summary thereof is given below – Description No. of Applications A Applications pending at the beginning of the month 3,392 B Applications received during the month 19,850 C Referred back to applicants for additional information 477 Total (A+B-C) 22,765 D Applications processed during the month – Within timeline – Beyond timeline 19,932 19,916 16 (99.9%) (0.1%)

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 January 01, 2026.

Government of India (GoI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹29,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.68% GS 2040 Jul 07, 2040 16,000 F.No.4(1)-B(W&M)/2025 dated February 02, 2026 February 06, 2026 (Friday) February 09, 2026 (Monday) 2 6.90% GS 2065 Apr 15, 2065 13,000 Total 29,000

The Reserve Bank of India (RBI) has, by an order dated January 30, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Jaipur Central Co-operative Bank Ltd., Rajasthan (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 56 of the Banking Regulation Act.

The Reserve Bank of India (RBI) has, by an order dated January 30, 2026, imposed a monetary penalty of ₹3 lakh (Rupees Three Lakh only) on the Jilla Sahkari Bank Limited, Kanpur, Uttar Pradesh (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 56 of the Banking Regulation Act.

(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) 22,534.93 4.55 3.50-5.55 I. Call Money 3,158.15 5.28 4.50-5.55 II. Triparty Repo 19,183.85 4.43 3.50-5.30 III. Market Repo 192.93 4.24 4.00-4.50 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) 14,491.82 4.97 4.20-6.45 I. Call Money 1,251.50 4.92 4.50-5.55 II. Triparty Repo 7,893.95 4.67 4.20-5.25 III. Market Repo 250.82 4.63 4.25-4.75 IV. Repo in Corporate Bond 5,095.55 5.47 5.40-6.45

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹36,500 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 - Re-issue of 7.48% Andhra Pradesh SGS 2035, issued on January 28, 2026 Price 1200 - 13 Yield 1100 - 15 Yield 2. Assam 1000 - 15 Yield

The Reserve Bank of India (RBI) has, by an order dated January 29, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Northern Arc Capital Limited (the company) for non-compliance with certain provisions of the ‘Reserve Bank of India [Know Your Customer (KYC)] Directions’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of January 2026 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 8.28 per cent in December 2025 (8.71 per cent in November 2025). • The WALR on outstanding rupee loans of SCBs declined to 9.06 per cent in December 2025 from 9.21 per cent in November 2025. • 1-Year median Marginal Cost of Funds based Lending Rate (MCLR) of SCBs moderated to 8.40 per cent in January 2026 from 8.45 per cent in December 2025.

The value of exports and imports of services during December 2025 are presented in the following table.

As announced vide the Press Release 2025-26/1995 dated January 27, 2026, the Reserve Bank will be conducting OMO purchase auction of Government of India securities for an aggregate amount of ₹50,000 crore on February 05, 2026. 2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method:

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Jan. 24 Jan. 16 Jan. 23 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 20495 20162 16817 -3345 -3678 * Data are provisional; difference, if any, is due to rounding off.

Data on sectoral deployment of bank credit for the month of December 2025, collected from 41 select scheduled commercial banks (SCBs) which together account for about 95 per cent of the total non-food credit by all SCBs, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit grew by 14.4 per cent as on the fortnight ended December 31, 2025, compared to 11.1 per cent during the corresponding fortnight of the previous year (i.e., December 27, 2024). Highlights of the sectoral deployment of bank credit as on the fortnight ended December 31, 2025, are given below: • Credit to agriculture and allied activities registered a y-o-y growth of 12.1 per cent (12.5 per cent in the corresponding fortnight of the previous year).

(Amount in ₹ Crore) Auction Results 6.48% GS 2035 I. Notified Amount 32,000 II. Competitive Bids Received (i) Number 394 (ii) Amount 75,494.200 III. Cut-off price / Yield 98.28 (YTM: 6.7229%)

Tenor 90-day Notified Amount (in ₹ crore) 2,00,000 Total amount of bids received (in ₹ crore) 1,11,500 Amount allotted (in ₹ crore) 1,11,500 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

6.48% GS 2035 I. Notified Amount ₹32,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 98.28 / 6.7229% III. Amount accepted in the auction ₹32,000 crore IV. Devolvement on Primary Dealers NIL

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on Friday, January 30, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,00,000 90 1:00 PM to 01:30 PM April 30, 2026 (Thursday) 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. 3. Participants will also have an option to prepay the amount borrowed in the above auction, and the operational guidelines for the same are as under: i) Prepayment requests can be placed only through the Ekuber portal during 09:00–17:00 hours on working days in Mumbai.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 10-Jan-2025# 31-Dec-2025 15-Jan-2026 10-Jan-2025# 31-Dec-2025 15-Jan-2026 I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 271703.78 340111.14 334594.98 276454.35 347493.56 342296.21** b) Borrowings from banks 143463.79 84009.60 80440.83 143532.02 84135.04 80507.15 c) Other demand & time 

Tenor 90-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 95,062

In the underwriting auction conducted on January 30, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government security, 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 Competitive Underwriting Amount Accepted (₹crore) Total Amount underwritten (₹crore) ACU Commission Cut-off rate (Paise per ₹100) 6.48% GS 2035 32,000 16,002 15,998 32,000 0.75 Auction for the sale of security will be held on January 30, 2026.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 7,45,436.74 5.27 1.00-6.30 I. Call Money 19,688.01 5.31 4.50-5.50 II. Triparty Repo 5,21,347.75 5.27 5.18-5.50 III. Market Repo 2,00,879.68 5.26 1.00-5.91 IV. Repo in Corporate Bond 3,521.30 5.41 5.35-6.30 B. Term Segment I. Notice Money** 491.50 5.32 4.85-5.35

The Reserve Bank of India (RBI) has, by an order dated January 23, 2026, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Rajapur Urban Co-operative Bank Ltd., Rajapur, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors 

I. Summary OMO Purchase Results Aggregate Amount (Face value) notified by RBI : ₹50,000 crore Total amount offered (Face value) by participants : ₹80,780 crore Total amount accepted (Face value) by RBI : ₹50,000 crore

Security 6.75% GS 2029 7.17% GS 2030 7.95% GS 2032 7.26% GS 2033 6.22% GS 2035 7.18% GS 2037 7.30% GS 2053 Total amount notified Aggregate amount of ₹50,000 crore (No security-wise notified amount) Total amount (Face Value) accepted by RBI (₹ in crore) 5,254 11,264 9,185 14,150 2,304 2,583 5,260 Cut off yield (%) 6.1798 6.4219 6.7099 6.7503 6.7109 6.9509 7.3605 Cut off price (₹) 101.94 102.71 106.50 102.81 96.68 101.79 99.28

Government of India has announced the sale (re-issue) of Government Security, as detailed below, through auction to be held on January 30, 2026 (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 6.48% GS 2035 32,000 762 762

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 7,47,373.17 5.16 0.01-6.20 I. Call Money 21,164.47 5.26 4.50-5.40 II. Triparty Repo 5,36,068.95 5.16 5.05-5.60 III. Market Repo 1,86,185.75 5.15 0.01-5.55 IV. Repo in Corporate Bond 3,954.00 5.38 5.29-6.20 B. Term Segment I. Notice Money** 75.00 5.14 4.85-5.30 II. Term Money@@ 559.30 - 5.40-6.10

(Amount in ₹ crore) Auction Results 91-Day 182-Day 364-Day I. Notified Amount 9,000 12,000 8,000 II. Competitive Bids Received (i) Number 104 79 102 (ii) Amount 23,280.460 35,406.780 24,003.000 III. Cut-off price / Yield 98.6474 97.2461 94.5865 (YTM: 5.4997%) (YTM: 5.6793%) (YTM: 5.7391%) IV. Competitive Bids Accepted

T-Bill 91-Day 182-Day 364-Day I. Total Face Value Notified ₹9,000 Crore ₹12,000 Crore ₹8,000 Crore II. Cut-off Price and Implicit Yield at Cut-Off Price 98.6474 (YTM:5.4997%) 97.2461 (YTM: 5.6793%) 94.5865 (YTM: 5.7391%) III. Total Face Value Accepted ₹9,000 Crore ₹12,000 Crore ₹8,000 Crore

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Lokapavani Mahila Sahakari Bank Niyamitha, Mandya vide Directive No. BLR.DOS.SSMS.No.S628/09-01-242/2025-2026 dated July 29, 2025, for a period of six months up to close of business on January 30, 2026. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend

The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, Dist. Parbhani, Maharashtra, vide Directive No. NGP.DOS.SSM 3.No.S403/15-04-395 /2025-2026 dated July 29, 2025, for a period of six months up to the close of business on January 30, 2026. 2. 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 the close of business on January 30, 2026.

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 6,235 Amount allotted (in ₹ crore) 6,235 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 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) 7,38,231.48 5.17 0.01-6.30 I. Call Money 14,136.04 5.40 4.60-5.50 II. Triparty Repo 5,26,795.00 5.16 4.55-5.28 III. Market Repo 1,92,569.49 5.18 0.01-5.75 IV. Repo in Corporate Bond 4,730.95 5.43 5.30-6.30 B. Term Segment I. Notice Money** 541.90 5.44 4.80-5.50

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, January 28, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 9:30 AM to 10:00 AM January 30, 2026 (Friday)

As announced vide the Press Release 2025-2026/1984 dated January 23, 2026, the Reserve Bank will be conducting a Variable Rate Repo (VRR) auction on Friday, January 30, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 90 9:30 AM to 10:00 AM April 30, 2026 (Thursday)

The Reserve Bank of India (RBI) and the European Securities and Markets Authority (ESMA) have signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information in relation to Central Counterparties (CCPs) regulated and supervised by RBI. This MoU

Reserve Bank had announced, as part of the Statement on Developmental and Regulatory Policies dated June 08, 2023, to issue guidelines rationalising the extant prudential norms for implementation of resolution plans in respect of exposures affected by natural calamities, inter alia harmonising the regulatory instructions applicable to different Regulated Entities (REs). Based on a comprehensive review of the existing regulatory instructions, including the scope, coverage and prudential requirements, the following draft Directions are being issued for public comments.

Please refer to the Press Release 2025-26/1984 dated January 23, 2026 wherein it was announced that the Reserve Bank would conduct OMO purchase auctions of Government of India securities for an aggregate amount of ₹1,00,000 crore in two tranches of ₹50,000 crore each to be held on February 05, 2026, and February 12, 2026. 2. On a review, it has now been decided to conduct the OMO auctions on January 29, 2026 and February 05, 2026 instead of the dates mentioned above. All other operations mentioned in the captioned press release remain unchanged.

As announced vide the Press Release 2025-2026/1984 dated January 23, 2026, the Reserve Bank will be conducting a USD/INR Buy/Sell swap auction of USD 10 billion for a tenor of three years. The details of the auction are as under:

The Reserve Bank has today released data on Money Supply for the fortnight ended January 15, 2026.

The result of the auction of State Government Securities held on January 27, 2026 is as under: (Amount in ₹ Crore) ANDHRA PRADESH SGS 2035 ANDHRA PRADESH SGS 2043 ASSAM SGS 2036 BIHAR SGS 2040 Notified Amount 1000 1500 1000 1500 Tenor 9 -Years 17 -Years 10 -Years 14 -Years Competitive Bids Received (i) No. 62 63 49 128

Sr. No. State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Andhra Pradesh 1000 1000 7.48 09 1500 1500 7.59 17 2. Assam 1000 1000 7.59 10 3. Bihar 1500 1500 7.63 14 1500 1500 7.60 24 4. Gujarat 2000 2000 7.47 10 5. Haryana 1000 1000 7.57 14 6. Karnataka 2000 2000 7.15 05 year and 06 months 2000 2000 99.88/7.3407 Re-issue of 7.32% Karnataka SGS 2033, issued on January 21,2026

(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 - -

(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 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - - RBI OPERATIONS@ Auction Date Tenor (Days) Maturity Date Amount Current Rate/Cut off Rate C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) I Today's Operations 1. Fixed Rate 2. Variable Rate& (a) Repo Operation

(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

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 7,20,283.44 5.15 3.00-6.35 I. Call Money 15,722.95 5.39 4.50-5.45 II. Triparty Repo 5,18,956.15 5.11 4.76-5.50 III. Market Repo 1,81,143.39 5.24 3.00-5.42 IV. Repo in Corporate Bond 4,460.95 5.45 5.40-6.35 B. Term Segment I. Notice Money** 349.93 5.26 4.60-5.45

Government of India (GoI) has announced the sale (re-issue) of one dated security for a notified amount of ₹32,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.48% GS 2035 October 06, 2035 32,000 F.No.4(1)-B(W&M)/2025 dated January 23, 2026 January 30, 2026 (Friday) February 02, 2026 (Monday)

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 9,000 January 28, 2026 (Wednesday) January 29, 2026 (Thursday) 2 182-Day 12,000 3 364-Day 8,000 Total 29,000

On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct the following operations to inject liquidity into the banking system: • 90-day Variable Rate Repo (VRR) operation for an amount of ₹25,000 crore to be conducted on January 30, 2026.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Jan. 17 Jan. 09 Jan. 16 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 23623 13012 20162 7150 -3461 * Data are provisional; difference, if any, is due to rounding off.

Today, the Reserve Bank of India (RBI) released the Report ‘State Finances: A Study of Budgets of 2025-26’. The theme of this year’s Report is ‘Demographic Transition in India - Implications for State Finances’. It provides a comprehensive assessment of the finances of State governments for 2025-26 against the backdrop of actual and revised/provisional accounts for 2023-24 and 2024-25, respectively.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Irinjalakuda Town Co-operative Bank Ltd., Kerala vide Directive No. CO.DOS.SED.No.D-01/12-22-350/2025-2026 dated July 29, 2025 for a period of six months up to close of business on January 30, 2026. 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 January 30, 2026.

(Amount in ₹ Crore) Auction Results New GS 2029 New GS 2033 7.24% GS 2055 I. Notified Amount 9,000 11,000 13,000 II. Competitive Bids Received (i) Number 78 159 204 (ii) Amount 19,105.000 37,986.000 38,051.000 III. Cut-off price / Yield 100.00 100.00 97.78 (YTM: 6.0300%) (YTM: 6.6800%) (YTM: 7.4259%) IV. Competitive Bids Accepted

New GS 2029 New GS 2033 7.24% GS 2055 I. Notified Amount ₹9,000 crore ₹11,000 crore ₹13,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 6.03% 6.68% 97.78 / 7.4259% III. Amount accepted in the auction ₹9,000 crore ₹11,000 crore ₹13,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, to Indian Mercantile Co-operative Bank Limited (IMCBL), Lucknow vide Directive DOS.CO.OCCD.185569/12.28.007/2021-22 dated January 28, 2022 for a period of six months up to close of business on July 27, 2022, as modified from time to time, which were last extended up to close of business on January 27, 2026 vide Directive DOR.MON.No.D-34/12.28.007/2025-26 dated October 14, 2025. The Reserve Bank of India is satisfied that in public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on January 27, 2026.

In the underwriting auction conducted on January 23, 2026, 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 Competitive Underwriting Amount Accepted (₹crore) Total Amount underwritten (₹crore) ACU Commission Cut-off rate (Paise per ₹100) New GS 2029 9,000 4,515 4,485 9,000 0.25 New GS 2033 11,000 5,502 5,498 11,000 0.49 7.24% GS 2055 13,000 6,510 6,490 13,000 0.84 Auction for the sale of securities will be held on January 23, 2026.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,98,720.68 5.24 1.00-6.40 I. Call Money 17,853.30 5.52 4.50-5.65 II. Triparty Repo 4,92,727.90 5.19 4.80-5.35 III. Market Repo 1,83,521.98 5.33 1.00-5.55 IV. Repo in Corporate Bond 4,617.50 5.55 5.50-6.40

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹39,800 Crore (Face Value)

I. Summary OMO Purchase Results Aggregate Amount (Face value) notified by RBI: ₹50,000 crore Total amount offered (Face value) by participants: ₹98,568 crore Total amount accepted (Face value) by RBI: ₹50,000 crore

The Reserve Bank of India (RBl) has, by an order dated January 20, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal, Madhya Pradesh (the bank), for non-compliance with certain directions

The Reserve Bank of India (RBl) has, by an order dated January 20, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on Shri Kanyaka Nagari Sahakari Bank Ltd., Chandrapur, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Advances to Builders/Contractors’. 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 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated January 20, 2026, imposed a monetary penalty of ₹2.10 lakh (Rupees Two Lakh Ten Thousand only) on Pimpri Chinchwad Sahakari Bank Maryadit, Pimpri, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions’

The Reserve Bank of India (RBI) has, by an order dated January 20, 2026, imposed a monetary penalty of ₹80,000/- (Rupees Eighty Thousand only) on VSJ Investments Private Limited, Mumbai, Maharashtra (the company), for non-compliance with certain directions issued by RBI on ‘Transfer of Loan Exposures’. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.