I. T-Bill 91-Day 182-Day 364-Day II. Total Face Value Notified ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.7012 (YTM:5.2780%) 97.3326 (YTM: 5.4961%) 94.7963 (YTM: 5.5044%) IV. Total Face Value Accepted ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 57,175 Amount allotted (in ₹ crore) 57,175 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, December 17, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 10:15 AM to 10:45 AM December 18, 2025 (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.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,82,778.62 5.33 0.01-6.50 I. Call Money 22,735.79 5.41 4.50-5.70 II. Triparty Repo 4,46,366.65 5.32 5.15-5.60 III. Market Repo 2,11,013.88 5.36 0.01-6.00 IV. Repo in Corporate Bond 2,662.30 5.41 5.35-6.50 B. Term Segment I. Notice Money** 720.88 5.57 4.95-5.70

It is hereby notified for the information of the public that in exercise of powers vested in it under sub-section (1) of Section 35 A, read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No.S6986/12-22-482/2025-2026 dated December 15, 2025, has issued certain Directions to Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd, Niphad Tal. Niphad, Dist. Nashik, (“the bank”), whereby, as from the close of business on December 16, 2025, the bank shall not, without prior approval of RBI in writing, grant or renew any loans and

The result of the auction of State Government Securities held on December 16, 2025, is as under: (Amount in ₹ Crore)

Today, the Reserve Bank conducted a USD/INR Buy/Sell swap auction for a notified amount of USD 5 billion as announced vide press release dated December 08, 2025. I. Summary Results Aggregate amount notified (USD billion) 5.00 Total amount bid by participants (USD billion) 10.35 Total amount accepted (USD billion) 5.07 Cut-off premium (in paisa) 765.00

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 November 2025.

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 49,791 Amount allotted (in ₹ crore) 49,791 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.27 Partial Allotment Percentage of bids received at cut off rate (%) NA

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on Tuesday, December 16, 2025, as under:

Tenor 10-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 77,379 Amount allotted (in ₹ crore) 77,379 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) 6,71,225.92 5.12 1.00-5.60 I. Call Money 22,923.06 5.25 4.50-5.40 II. Triparty Repo 4,39,057.70 5.09 4.97-5.60 III. Market Repo 2,06,657.86 5.16 1.00-5.40 IV. Repo in Corporate Bond 2,587.30 5.30 5.21-5.50 B. Term Segment I. Notice Money** 466.30 5.20 4.85-5.25

Please refer to the press release 2025-2026/1697 dated December 12, 2025. On a review of current and evolving liquidity conditions, it has been decided to increase the notified amount for the

In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series III Issue date June 16, 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 on December 16, 2025.

Government of India (GoI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹30,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.01% GS 2030 Jul 21, 2030 18,000 F.No.4(1)-B(W&M)/2025 dated December 15, 2025 December 19, 2025 (Friday) December 22, 2025 (Monday)

The Reserve Bank of India (RBI) has, by an order dated December 10, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One lakh only) on The Kovilpatti Co-operative Urban Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (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.

A. Source Security 8.24% GS 2027 7.38% GS 2027 6.64% GS 2027 7.17% GS 2028 8.60% GS 2028 7.59% GS 2029 B. Notified Amount (in ₹ crore) 2,000 2,000 2,000 3,000 3,000 3,000 Destination Security 7.50% GS 2034 6.67% GS 2035 6.57% GS 2033 7.57% GS 2033 6.57% GS 2033 6.19% GS 2034 C. i. No. of offers received 16 25 4 29 28 17 ii. Total amount of Source Security offered (Face value, in ₹ crore) 3,057.559 3,269.369 2,480.000 6,092.932 7,058.109 4,517.363

(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 - -

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 - -

Tenor 11-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 24,969 Amount allotted (in ₹ crore) 24,969 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) 6,82,981.07 5.06 0.01-6.15 I. Call Money 16,746.03 5.18 4.50-5.25 II. Triparty Repo 4,47,405.90 5.01 4.80-5.10 III. Market Repo 2,14,982.84 5.12 0.01-5.25 IV. Repo in Corporate Bond 3,846.30 6.00 5.25-6.15 B. Term Segment I. Notice Money** 110.00 5.12 4.80-5.23

On a review of current and evolving liquidity conditions, it has been decided to conduct Variable Rate Repo (VRR) auctions as under: Sl. No. Date of Auction Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1. December 15, 2025 (Monday) 75,000 11 09:30 AM to 10:00 AM December 26, 2025 (Friday) 2. December 16, 2025 (Tuesday) 75,000 10 09:30 AM to 10:00 AM December 26, 2025 (Friday)

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹17,850 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Assam 900 14 Yield 2. Chhattisgarh 1000 08 Yield 1000 Re-issue of 7.29% Chhattisgarh SGS 2030, issued on June 07, 2023 Price

The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of Amarnath Co-operative Bank Ltd., Ahmedabad, Gujarat with The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad, Gujarat.

The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of The Amod Nagric Co-operative Bank Ltd., Amod, Gujarat with The Bhuj Mercantile Co-operative Bank Ltd.,

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 7,000 December 17, 2025 (Wednesday) December 18, 2025 (Thursday) 2 182-Day 6,000 3 364-Day 6,000 Total 19,000

As announced vide the Press Release 2025-26/1635 dated December 05, 2025, the Reserve Bank will be conducting OMO purchase for an aggregate amount of ₹50,000 crore on December 18, 2025. 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 2024 2025 Variation Dec. 06 Nov. 28 Dec. 05 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 11131 0 0 0 -11131 4.2 State Governments 34432 18966 40349 21383 5917 * Data are provisional; difference, if any, is due to rounding off.

(Amount in ₹ Crore) Auction Results 6.68% GS 2040 6.90% GS 2065 I. Notified Amount 16,000 12,000 II. Competitive Bids Received (i) Number 260 170 (ii) Amount 36,063.000 32,398.000 III. Cut-off price / Yield 96.88 93.21 (YTM: 7.0250%) (YTM: 7.4340%) IV. Competitive Bids Accepted (i) Number 116 9 (ii) Amount 15,985.191 11,954.740

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 29-Nov-2024 14-Nov-2025* 28-Nov-2025* 29-Nov-2024 14-Nov-2025* 28-Nov-2025* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 273721.88 350935.17 322854.52 278500.30 357857.15 330191.04** b) Borrowings from banks 137597.04 81533.54 79669.56 137620.00 81560.54 79747.56 c) Other demand & time liabilities 24717.72 26997.34 31145.33 25053.36 27514.50 31611.67 II LIABILITIES TO OTHERS (A)

6.68% GS 2040 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹12,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 96.88/7.0250% 93.21/7.4340% III. Amount accepted in the auction ₹16,000 crore ₹12,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on December 12, 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: 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 1.80 6.90% GS 2065 12,000 6,006 5,994 12,000 1.34

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 7,11,545.29 5.09 3.00-6.25 I. Call Money 19,185.40 5.20 4.50-5.25 II. Triparty Repo 4,71,602.50 5.06 4.50-5.15 III. Market Repo 2,16,721.09 5.15 3.00-5.30 IV. Repo in Corporate Bond 4,036.30 5.34 5.30-6.25 B. Term Segment I. Notice Money** 246.33 5.17 4.80-5.25

The Reserve Bank of India (RBI) has, by an order dated December 9, 2025, imposed a monetary penalty of ₹13,000/- (Rupees Thirteen Thousand Only) on The Co-operative Urban Bank Limited, Parlakhemundi, Odisha (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’ and certain directions issued by RBI on ‘Membership of Credit Information Companies by Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI

The Reserve Bank of India had, on October 1 2025, issued seven draft Directions on Transaction Accounts, viz., (i) Reserve Bank of India (Commercial Banks – Transaction Accounts) Directions, 2025; (ii) Reserve Bank of India (Small Finance Banks – Transaction Accounts) Directions, 2025; (iii) Reserve Bank of India (Payments Banks – Transaction Accounts) Directions, 2025; (iv) Reserve Bank of India (Local Area Banks – Transaction Accounts) Directions, 2025; (v) Reserve Bank of India (Regional Rural Banks – Transaction Accounts) Directions, 2025; (vi) Reserve Bank of India (Urban Co-operative Banks – Transaction Accounts) Directions, 2025; and (vii) Reserve Bank of India (Rural Co-operative Banks – Transaction Accounts) Directions, 2025 seeking feedback from stakeholders. The draft directions were aimed primarily at rationalising the extant provisions to provide greater flexibility to banks for opening and maintaining cash credit accounts, current accounts and overdraft accounts.

I. SUMMARY OMO PURCHASE RESULTS Aggregate Amount (Face value) notified by RBI    : ₹50,000 crore Total amount offered (Face value) by participants    : ₹1,11,615 crore Total amount accepted (Face value) by RBI    : ₹50,000 crore II. DETAILS OF OMO PURCHASE ISSUE

Today, the Reserve Bank of India released the 10th edition of its statistical publication, “Handbook of Statistics on Indian States, 2024-25”. Through this publication, the Reserve Bank disseminates wide-ranging data on the regional economies of India.

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.

The following 4 Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on December 12, 2025 (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:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 7,14,282.23 5.13 2.00-6.25 I. Call Money 21,047.97 5.20 4.50-5.28 II. Triparty Repo   4,75,856.95 5.11 4.90-5.15 III. Market Repo 2,13,376.01 5.17 2.00-5.35

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹15,000 crore (face value). The security-wise details of the conversion/switch are given as under: Date of Auction Source Securities Amount (FV) of Source Securities (in ₹ crore) Destination Securities December 15, 2025 (Monday) 8.24% GS 2027 (Maturing on Feb 15, 2027) 2,000 7.50% GS 2034 (Maturing on Aug 10, 2034) 7.38% GS 2027 (Maturing on Jun 20, 2027) 2,000 6.67% GS 2035 (Maturing on Dec 15, 2035) 6.64% GS 2027 (Maturing on Dec 09, 2027) 2,000 6.57% GS 2033 (Maturing on Dec 05, 2033) 7.17% GS 2028 (Maturing on Jan 08, 2028) 3,000 7.57% GS 2033 (Maturing on Jun 17, 2033) 8.60% GS 2028 (Maturing on Jun 02, 2028) 3,000 6.57% GS 2033 (Maturing on Dec 05, 2033) 7.59% GS 2029 (Maturing on Mar 20, 2029) 3,000 6.19% GS 2034 (Maturing on Sep 16, 2034) Total 15,000

In terms of GOI notification F.No.4(25)-(W&M)/2017 dated October 06, 2017 (SGB 2017-18 Series-XI-Issue date December 11, 2017) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be December 11, 2025.

In terms of GOI notification F.No. 4(7)-B(W&M)/2019 dated May 30, 2019 (SGB 2019-20 Series I Issue date June 11, 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 due date of premature redemption of the above tranche shall be on December 11, 2025.

The Reserve Bank has today released data on Reserve Money for the week ended December 05, 2025

(Amount in ₹ crore) Auction Results 91-Day 182-Day 364-Day I. Notified Amount 7,000 6,000 6,000 II. Competitive Bids Received (i) Number 127 70 95 (ii) Amount 26,089.010 15,185.000 16,425.000 III. Cut-off price / Yield 98.7031 97.3409 94.8048 (YTM: 5.2702%) (YTM: 5.4785%) (YTM: 5.4949%) IV. Competitive Bids Accepted (i) Number 43 39 42 (ii) Amount 6,983.897 5,989.002 5,971.290

I. T-Bill 91-Day 182-Day 364-Day II. Total Face Value Notified ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.7031 (YTM:5.2702%) 97.3409 (YTM: 5.4785%) 94.8048 (YTM: 5.4949%)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,93,452.85 5.12 3.00-6.25 I. Call Money 21,210.13 5.19 4.50-5.25 II. Triparty Repo 4,58,259.05 5.09 4.75-5.15 III. Market Repo 2,10,093.37 5.18 3.00-5.30 IV. Repo in Corporate Bond 3,890.30 5.35 5.25-6.25