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 Ltd., Suri, (West Bengal) vide Directive No. CO.DOS.SED.No.S2574/12-07-005/2022-23 dated July 21, 2022 for a period of six months up to close of business on January 22, 2023 as modified from time to time, which were last extended up to close of business on January

Security 7.10% GS 2029 6.10% GS 2031 Total amount notified Aggregate amount of ₹50,000 crore (No security-wise notified amount) Total amount (Face Value) accepted by RBI (₹ in crore) 13,620 425

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auction to be held on January 23, 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

Tenor 5-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 64,071 Amount allotted (in ₹ crore) 50,010 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) 72.53

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Thursday, January 22, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 5 10:15 AM to 10:45 AM January 27, 2026 (Tuesday) 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.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,96,749.48 5.28 1.99-6.40 I. Call Money 18,454.62 5.44 4.50-5.50 II. Triparty Repo 4,85,016.85 5.27 5.00-5.42 III. Market Repo 1,88,726.51 5.31 1.99-5.50 IV. Repo in Corporate Bond 4,551.50 5.47 5.40-6.40 B. Term Segment I. Notice Money** 121.60 5.29 4.95-5.50

In terms of GOI notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series-V-Issue date January 22, 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 tranche shall be on January 22, 2026.

Today, the Reserve Bank released the January 2026 issue of its monthly Bulletin. The Bulletin includes three speeches, two articles and current statistics. The two articles are: I. State of the Economy; and II. Financial Stocks and Flow of Funds of the Indian Economy 2023-24.

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

(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    76    81    94 (ii) Amount    17,439.745    29,587.500    23,200.120 III.    Cut-off price / Yield    98.6500    97.2539    94.6035 (YTM: 5.4889%)    (YTM: 5.6628%)    (YTM: 5.7200%) 

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of November 2025.

I. T-Bill 91-Day 182-Day 364-Day II. Total Face Value Notified ₹9,000 Crore ₹12,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.6500 (YTM:5.4889%) 97.2539 (YTM: 5.6628%) 94.6035 (YTM: 5.7200%)

Tenor 8-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 26,535 Amount allotted (in ₹ crore) 26,535

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,86,310.36 5.18 4.00-6.35 I. Call Money 15,456.37 5.42 4.50-5.50 II. Triparty Repo 4,69,748.15 5.12 4.85-5.23 III. Market Repo 1,96,598.44 5.29 4.00-5.50 IV. Repo in Corporate Bond 4,507.40 5.46 5.41-6.35

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, January 21, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 8 9:30 AM to 10:00 AM January 29, 2026 (Thursday)

In terms of GOI notification F.No.4(7)-B(W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series-VIII-Issue date January 21, 2020) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue

The result of the auction of State Government Securities held on January 20, 2026, is as under: (Amount in ₹ Crore) ASSAM SGS 2046 JAMMU AND KASHMIR UT SGS 2041 KARNATAKA SGS 2032 KARNATAKA SGS 2033 Notified Amount 1000 500 2000 2000 Tenor 20 -Years 15 -Years Re-issue of 7.25% KARNATAKA SGS 2032 issued on 14-JAN-2026 7 -Years 6 -Months Competitive Bids Received (i) No. 95 94 47 65

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Assam 1000 1000 7.62 20 2. Jammu and Kashmir 500 500 7.62 15 3. Karnataka 2000 2000 100.21/7.2084 Re-issue of 7.25% Karnataka SGS 2032, issued on January 14, 2026 2000 2000 7.32 07 year and 06 months

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Konark Urban Co-operative Bank Ltd., Ulhasnagar vide Directive No. CO.DOS.SED.No.S592/45-11-001/2024-25 dated April 23, 2024 for a period of six months up to close of business on October 23, 2024, which was last extended up to close of business on January 23, 2026 vide Directive No. DOR.MON/D-37/12.22.805/2025-26 dated October 17, 2025. 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 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) 6,98,862.56 5.18 2.10-6.40 I. Call Money 13,619.35 5.40 4.50-5.50 II. Triparty Repo 4,87,279.30 5.13 4.80-5.27 III. Market Repo 1,93,306.51 5.27 2.10-6.00 IV. Repo in Corporate Bond 4,657.40 5.44 5.38-6.40

Government of India (GoI) has announced the sale (issue / re-issue) of three dated securities for a notified amount of ₹33,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 New GS 2029 Jan 27, 2029 9,000 F.No.4(1)-B(W&M)/2025 dated January 19, 2026 January 23, 2026 (Friday) January 27, 2026 (Tuesday)

As part of the Reserve Bank of India’s continued engagement with regulated entities, the Governor held a meeting today in Mumbai with the Chairpersons and Managing Directors & Chief Executive Officers (MDs & CEOs) of select Urban Cooperative Banks (UCBs). The previous such meeting was held on March 19, 2025.

The Reserve Bank of India has today issued the Reserve Bank of India (Priority Sector Lending – Targets and Classification) (Amendment) Directions, 2026. These amendment directions modify certain provisions of the Master Directions - Reserve Bank of India (Priority Sector Lending – Targets and Classification) Directions, 2025.

The Reserve Bank of India (RBl) has, by an order dated January 13, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Nandura Urban Co-operative Bank Ltd., Nandura, Maharashtra (the 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.

(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) 10,450.34 5.07 4.25-5.50 I. Call Money 802.25 4.82 4.50-4.95 II. Triparty Repo 9,401.75 5.11 4.65-5.50 III. Market Repo 246.34 4.49 4.25-5.00

Tenor 4-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 58,740 Amount allotted (in ₹ crore) 58,740 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) 11,402.72 5.18 4.30-6.30 I. Call Money 1,001.05 4.89 4.50-5.47 II. Triparty Repo 5,510.00 5.05 4.60-5.25 III. Market Repo 254.27 4.42 4.30-4.75 IV. Repo in Corporate Bond 4,637.40 5.44 5.38-6.30

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Monday, January 19, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 4 9:30 AM to 10:00 AM January 23, 2026 (Friday)

In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-X-Issue date January 19, 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 next due date of premature redemption of the above tranche shall be on January 19, 2026.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹13,000 Crore (Face Value) Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Assam 1000 20 Yield 2. Jammu and Kashmir 500 15 Yield 3. Karnataka 2000 Re-issue of 7.25% Karnataka SGS 2032, issued on January 14, 2026 Price 2000 07 year and 06 months Yield 2000 11 year and 06 months Yield

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 21, 2026 (Wednesday)    January 22, 2026 (Thursday) 2    182-Day    12,000 3    364-Day    8,000 Total    29,000    The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or 

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Jan. 10 Jan. 02 Jan. 09 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 14620 35042 13012 -22030 -1608 * Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank of India had on October 07, 2025, issued the draft Reserve Bank – Ombudsman Scheme, 2025, seeking feedback from the stakeholders and the public. 2. Feedback received on the draft Scheme has been examined and necessary modifications have been suitably incorporated in the final Scheme. A statement on the feedback received for the draft Scheme and action taken is provided in the Annex.

(Amount in ₹ Crore) Auction Results    6.01% GS 2030    New GS 2076 I.    Notified Amount 18,000    13,000 II.    Competitive Bids Received    (i) Number 255    134 (ii) Amount    54,460.227    37,390.000 

6.01% GS 2030 New GS 2076 I. Notified Amount ₹18,000 crore ₹13,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 98.21 /6.4743% 7.43% III. Amount accepted in the auction ₹18,000 crore ₹13,000 crore IV. Devolvement on Primary Dealers NIL NIL

The Reserve Bank of India has issued the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 and Directions on Export and Import of Goods and Services, which shall come into force from October 01, 2026. The regulations are primarily principle based and intended to promote ease of doing business, especially for small exporters and importers. They are also intended to empower Authorised Dealers to provide quicker and more efficient service to their customers.

(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

The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of December 2025.

In the underwriting auction conducted on January 16, 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) 6.01% GS 2030 18,000 9,009 8,991 18,000 0.60

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,75,587.11 5.31 0.01-5.98 I. Call Money 16,343.12 5.39 4.60-5.50 II. Triparty Repo 4,64,481.15 5.29 5.21-5.50 III. Market Repo 1,90,595.44 5.34 0.01-5.60 IV. Repo in Corporate Bond 4,167.40 5.47 5.40-5.98

In terms of GOI notification F.No.4(7)-B(W&M)/2019 dated May 30, 2019 (SGB 2019-20 Series-II-Issue date July 16, 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 tranche shall be on January 16, 2026.

As announced vide the Press Release 2025-26/1759 dated December 23, 2025, the Reserve Bank will be conducting OMO purchase for an aggregate amount of ₹50,000 crore on January 22, 2026. 2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method:

Foreign Exchange Dealers’ Association of India (FEDAI) had submitted an application under the Omnibus Framework for recognition of Self-Regulatory Organisations (SROs) for Regulated Entities of the Reserve Bank, issued vide Press Release dated March 21, 2024 for recognition as an SRO. After examining the application and considering the fact that FEDAI has been functioning akin to an SRO through its rules governing the conduct of its members, it has been decided to recognise FEDAI as an SRO for all Authorised Dealers.

Please refer to the FMRD Master Direction No. 1/2016-17 - Master Direction - Risk Management and Inter-Bank Dealings and the Prudential Norms on Capital Adequacy Directions, 2025 applicable to the different Regulated Entities (REs) which inter alia specify the methodology for computation of Net Open Position and calculation of capital charge on foreign exchange risk. Reserve Bank has released today the following draft Amendment Directions which modify the aforementioned instructions.

The Reserve Bank of India (RBI) has decided to grant ‘in-principle’ approval to Sumitomo Mitsui Banking Corporation (SMBC), Japan for setting up a Wholly Owned Subsidiary (WOS) in India, under the Reserve Bank of India (Setting Up of Wholly Owned Subsidiaries by Foreign Banks) Guidelines, 2025. SMBC is currently carrying on

The Reserve Bank has launched the 48th round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period January-March 2026. The survey assesses the business situation for the current quarter (Q4:2025-26) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q1:2026-27) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q2:2026-27 and Q3:2026-27) are also covered.

The Reserve Bank has launched the 113th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period January-March 2026. The survey assesses business sentiments for the current quarter (Q4:2025-26) and expectations for the ensuing quarter (Q1:2026-27), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q2:2026-27 and Q3:2026-27) are also covered.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 27-Dec-2024# 15-Dec-2025 31-Dec-2025 27-Dec-2024# 15-Dec-2025 31-Dec-2025 I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 291575.28 308549.36 337365.07 296174.25 315719.18 344747.49** b) Borrowings from banks 138334.17 83821.58 84013.30 138393.41 83903.92 84138.74 c) Other demand & time liabilities 26605.84 34245.87 32844.28 26928.62 34761.43 33323.55 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 22062591.24 24131870.09 24859857.16 22522348.55 24642171.83 25376795.22 i) Demand 2569572.55 2919952.48 3275197.79 2617452.24 2971583.16 3328280.24 ii) Time 19493018.69 21211917.61 21584659.37 19904896.31 21670588.67 22048514.98 b) Borrowings @ 955100.33 842291.95 825578.41 959774.67 847946.53 830784.11 c) Other demand & time liabilities 996625.80 1283932.29 1060701.99 1009761.24 1299846.30 1076607.31

Auction Results 91-Day 182-Day 364-Day I. Notified Amount 9,000 12,000 8,000 II. Competitive Bids Received (i) Number 94 74 108 (ii) Amount 21,370.400 27,752.650 27,107.700 III. Cut-off price / Yield 98.6850 97.2853 94.6859 (YTM: 5.3447%) (YTM: 5.5962%) (YTM: 5.6278%) IV. Competitive Bids Accepted (i) Number 47 53 71 (ii) Amount 8,977.354 11,991.699 7,772.370 V.