Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 24, 2025 (Friday).

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 20,668 Amount allotted (in ₹ crore) 20,668 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on January 23, 2025, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 11:30 AM to 12:00 Noon January 24, 2025 (Friday)

Tenor 1-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,69,262 Amount allotted (in ₹ crore) 1,25,015 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.54 Partial Allotment Percentage of bids received at cut off rate (%) 71.62%

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,39,682.80 6.61 4.00-7.00 I. Call Money 11,489.71 6.56 5.10-6.70 II. Triparty Repo 3,65,275.25 6.59 6.21-6.70 III. Market Repo 1,61,059.79 6.66 4.00-6.85 IV. Repo in Corporate Bond 1,858.05 6.89 6.75-7.00 B. Term Segment I. Notice Money** 1,054.90 6.58 5.85-6.65 II. Term Money@@ 261.50 - 6.65-7.50 III. Triparty Repo 205.00 6.70 6.70-6.70 IV. Market Repo 200.00 6.78 6.78-6.78 V. Repo in Corporate Bond 0.00 - -

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The Reserve Bank has today released data on Reserve Money for the week ended January 17, 2025 and Money Supply for the fortnight ended January 10, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹8000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 121 98 127 (ii) Amount ₹32847.030 Crore ₹20279.050 Crore ₹38751.500 Crore III. Cut-off price / Yield 98.3790 96.7640 93.7553 (YTM:6.6089%) (YTM:6.7068%) (YTM:6.6789%) IV. Competitive Bids Accepted

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3790 (YTM:6.6089%) 96.7640 (YTM: 6.7068%) 93.7553 (YTM: 6.6789%) IV. Total Face Value Accepted ₹12,000 Crore ₹8,000 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 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 22, 2025 vide Directive DOR.MON.D-61/12.29.046/2024-25 dated October 17, 2024. 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 22, 2025.

Tenor 1-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,72,528 Amount allotted (in ₹ crore) 1,25,009 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 Partial Allotment Percentage of bids received at cut off rate (%) 47.90%

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,65,058.42 6.59 5.10-6.90 I. Call Money 13,600.69 6.58 5.10-6.90 II. Triparty Repo 3,97,847.20 6.58 6.48-6.90 III. Market Repo 1,51,849.83 6.60 6.15-6.89 IV. Repo in Corporate Bond 1,760.70 6.73 6.70-6.85

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 January 22, 2025.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The result of the auction of State Government Securities held on January 21, 2025 is as under:

In exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to the following Non-Banking Financial Company (NBFC):

Sr. No    State    Amount to be raised (₹ Crore)    Amount Accepted (₹ Crore)    Cut off Price (₹)/ Yield (%)    Tenure (Year) 1.    Bihar    1000    1000    7.15    12 1000    1000    7.14    20 2.    Gujarat    1000    1000    7.12    10 3.    Haryana    1000    1000    7.14    13 4.    Karnataka    2000    2000    7.15    13 2000    2000    100.10/7.1391    Re-issue of 7.15% Karnataka SGS 2042, issued on January 01, 2025 5.    Kerala    1500    1500    7.14    20 6.    Maharashtra    2500    2500    99.50/7.1693    Re-issue of 7.11% Maharashtra SGS 2038, issued on January 08, 2025 2500    2500    100.01/7.1386    Re-issue of 7.14% Maharashtra SGS 2043, issued on January 08, 2025 

Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 71,900 Amount allotted (in ₹ crore) 71,900 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 Partial Allotment Percentage of bids received at cut off rate (%)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,81,800.16 6.46 0.01-6.99 I. Call Money 13,346.10 6.63 5.10-6.85 II. Triparty Repo 3,99,532.90 6.41 6.05-6.55 III. Market Repo 1,67,130.46 6.56 0.01-6.99 IV. Repo in Corporate Bond 1,790.70 6.76 6.75-6.80

The Reserve Bank of India has today announced the names of the members of the Standing External Advisory Committee (SEAC) for evaluating applications for Universal Banks as well as Small Finance Banks. The tenure of the SEAC will be for three years. The composition of SEAC is: 1. Shri M. K. Jain, former Deputy Governor, Reserve Bank of India Chairperson 2. Ms. Revathy Iyer, Director, Central Board, Reserve Bank of India Member

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 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 January 21, 2025.

Government of India (GOI) has announced the sale (re-issue) of two dated securities 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 6.79% GS 2034 Oct 07, 2034 22,000 F.No.4(3)-B(W&M)/2024 dated January 20, 2025 January 24, 2025 (Friday) January 27, 2025 (Monday)

The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹20,000 crore (face value). The security-wise details of the buyback are as under: S.No. Security Date of Maturity 1 7.72% GS 2025 May 25, 2025 2 5.22% GS 2025 June 15, 2025 3 8.20% GS 2025 September 24, 2025 4 5.15% GS 2025 November 09, 2025 5 7.59% GS 2026 January 11, 2026

The Reserve Bank of India, had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Thodupuzha Urban Co-operative Bank Ltd. Kerala vide Directive No.CO.DOS.SED.No.S3361/12.07.005/2022-23 dated August 23, 2022, for a period of six months.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

(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 - -

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 20,469.59    6.24    5.20-6.70 I. Call Money 1,168.15    6.12    5.75-6.70

Tenor 1-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 75,772 Amount allotted (in ₹ crore) 75,772 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 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) 4,432.75 6.49 5.50-7.00 I. Call Money 1,298.30 6.26 5.75-6.70 II. Triparty Repo 1,281.75 6.33 5.50-7.00 III. Market Repo 37.00 6.20 6.20-6.20 IV. Repo in Corporate Bond 1,815.70 6.76 6.72-6.78

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹1.75 lakh (Rupees One Lakh Seventy Five Thousand only) on Mukkuperi Co-operative Urban Bank Limited, Tamil Nadu (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’, certain directions issued on ‘Loans and advances to directors, their relatives, and firms / concerns in which they are interested’, and ‘Know Your Customer (KYC)’.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹17,500 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Bihar 1000 12 Yield 1000 20 Yield 2 Gujarat 1000 10 Yield

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

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 12,000 January 22, 2025 (Wednesday) January 23, 2025 (Thursday) 2 182 Days 8,000 3 364 Days 8,000 Total 28,000

Today, the Reserve Bank released the January 2025 issue of its monthly Bulletin. The Bulletin includes seven articles and current statistics. Report on Trend and Progress of Banking 2023-24 and Financial Stability Report December 2024 are supplements to the January 2025 Bulletin.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Jan. 12 Jan. 3 Jan. 10 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 16087 36637 14620 -22017 -1467 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 6.75% GS 2029 6.92% GS 2039 7.09% GS 2054 I. Notified Amount ₹14,000 crore ₹12,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹14,000 crore ₹12,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 124 211 240 (ii) Amount ₹22572.940 Crore ₹27947.193 Crore ₹28141.898 Crore IV. Cut-off price / Yield 100.08 100.28 100.27 (YTM: 6.7289%) (YTM: 6.8881%) (YTM: 7.0677%)

6.75% GS 2029 6.92% GS 2039 7.09% GS 2054 I. Notified Amount ₹14,000 crore ₹12,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.08/6.7289% 100.28/6.8881% 100.27/7.0677% III. Amount accepted in the auction ₹14,000 crore ₹12,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 33,467 Amount allotted (in ₹ crore) 33,467 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 Partial Allotment Percentage of bids received at cut off rate (%) NA

In the underwriting auction conducted on January 17, 2025, 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:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,68,031.51 6.43 5.10-7.52 I. Call Money 12,689.22 6.55 5.10-6.80 II. Triparty Repo 3,89,524.45 6.41 6.00-6.58 III. Market Repo 1,64,054.14 6.49 5.50-7.52 IV. Repo in Corporate Bond 1,763.70 6.65 6.60-6.70

The Reserve Bank of India (RBl) has, by an order dated January 08, 2025, imposed a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Parbhani District Central Co-operative Bank Ltd., Parbhani, Maharashtra (the bank) for contravention of provisions of Section 20 and Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act). 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 BR Act

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

To encourage greater use of Indian Rupee (INR) for trade transactions, in July 2022, an additional arrangement in the form of Special Rupee Vostro Account (SRVA) was introduced. Several foreign banks have since opened SRVAs with banks in India. The Reserve Bank has also signed Memorandum of Understanding (MoU) with the central banks of the United Arab Emirates, Indonesia and Maldives, to encourage cross-border transactions in local currencies. Further, in December 2023 the Foreign Exchange Management (Manner of Receipt and Payment) Regulations were revised to enable cross border transactions in all foreign currencies (including local currencies of trading partner countries) and INR.

The Reserve Bank of India announced today the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs for the year 2024-25. 2. The Reserve Bank had issued the Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs (the framework) on October 22, 2021. The framework categorises NBFCs in Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL) and gives the methodology to identify the NBFCs in the Upper Layer as per their asset size and scoring methodology. Accordingly, the 2024-25 list of NBFC-UL is as under:

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Defence Accounts Co-operative Bank Ltd., Pune vide Directive No.CO.DOS.SED.No.S8241/12-22-316/2022-23 dated March 09, 2023, for a period of six months. The same were modified from time to time and were last extended up to the close of business on March 10, 2025.

I SUMMARY RESULTS Aggregate amount (Face Value) notified by RBI ₹ 30,000.000 crore Total amount offered (Face Value) by participants ₹ 36,051.619 crore Total amount accepted (Face Value) by RBI ₹ 9,892.474 crore

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 17, 2025 (Friday).

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 30,760 Amount allotted (in ₹ crore) 30,760 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 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) 5,47,006.59 6.38 0.01-6.85 I. Call Money 11,280.02 6.45 5.10-6.70 II. Triparty Repo 3,75,991.85 6.37 6.25-6.76 III. Market Repo 1,57,929.02 6.40 0.01-6.85 IV. Repo in Corporate Bond 1,805.70 6.57 6.50-6.70

On a review of current and evolving liquidity conditions, it has been decided to conduct Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice. The reversal of VRR auction conducted on a Friday will take place on the ensuing Monday or the next working day, if Monday is a holiday in Mumbai. The auction will be conducted between 10:00 AM and 10:30 AM every day.