Press Releases

The Reserve Bank of India has sanctioned the Scheme of Amalgamation of The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati (Maharashtra) with The Jalgaon Peoples Co-operative Bank Limited, Jalgaon (Maharashtra). The Scheme has been sanctioned in exercise of the powers conferred under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of December 2024 are set out in Tables 1 to 7.

The value of exports and imports of services during November 2024 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) July – 2024 30,578 (16.6) 15,939 (16.0) August – 2024 30,338 (5.7) 16,460 (9.1)

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The January 2025 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 January 2025 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

The result of the auction of State Government Securities held on December 31, 2024 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2037 ANDHRA PRADESH 2038 ANDHRA PRADESH 2039 HARYANA 2038 Notified Amount 1500 1500 2000 1000 Tenure 12 13 14 13 Competitive Bids Received (i) No. 55 53 39 49 (ii) Amount 2895 4325 3987 2176

Today the Reserve Bank of India placed on its website a Working Paper titled, “State-Level Inflation Forecasts for India: Based on Data from Inflation Expectations Survey of Households” under the Reserve Bank of India Working Paper Series . The paper is co-authored by Purnima Shaw and R. K. Sinha. The Inflation Expectations Survey of Households (IESH) of the Reserve Bank of India (RBI) completed its 90th round in March 2024. Using the historical series from this survey, this paper provides state-level inflation forecasts. Deviating from the conventional regression-based forecasting, this

Today, the Reserve Bank of India releases Volume 45, No.1, 2024 of its Occasional Papers, a research journal containing contributions from its staff. This issue contains three articles and three book reviews. Articles: 1. Determinants of Household Saving Portfolio in India: Evidence from Survey Data This paper provides an assessment of the household saving and investment behaviour by studying both household-specific determinants and time-varying macroeconomic

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Andhra Pradesh 1500 1500 7.17 12 1500 1500 7.17 13 2000 2000 7.17 14 2. Haryana 1000 1000 7.18 13 3. Jammu and Kashmir 320 320 7.11 30

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 58,521 Amount allotted (in ₹ crore) 50,004 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.54 Partial Allotment Percentage of bids received at cut off rate (%) 41.34