Press Releases

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation May 26 May 17 May 24 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 13742 17624 18822 1199 5080 * Data are provisional; difference, if any, is due to rounding off.

Data on sectoral deployment of bank credit for the month of April 2024[1] collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit[2] registered a growth of 15.3 per cent in April 2024[3] as compared with 16.2 per cent a year ago.

Auction Results New GS 2029 New GOI SGrB 2034 7.34% GS 2064 I. Notified Amount ₹12,000 crore ₹6,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹12,000 crore ₹6,000 crore ₹11,000 crore III. Competitive Bids Received (i) Number 178 99 293 (ii) Amount ₹ 37264 Crore ₹ 12677 Crore ₹ 28926 Crore IV. Cut-off price / Yield - NA 102.35 (YTM:7.04%) (YTM: NA) (YTM: 7.1601%) V. Competitive Bids Accepted (i) Number 56 0 99 (ii) Amount ₹ 11991.509 Crore NIL

New GS 2029 New GOI SGrB 2034 7.34% GS 2064 I. Notified Amount ₹12,000 crore ₹6,000 crore ₹11,000 crore II. Cut off Price / Implicit Yield at cut-off 7.04% - 102.35 / 7.1601% III. Amount accepted in the auction ₹12,000 crore NIL ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/411

Tenor    14-day    Notified Amount (in ₹ crore)    50,000    Total amount of bids received (in ₹ crore)    1,13,915    Amount allotted (in ₹ crore)    50,004    Cut off Rate (%)    6.59    Weighted Average Rate (%)    6.63    Partial Allotment Percentage of bids received at cut off rate (%)    39.19    

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 19-May-23    03-MAY-2024 *    17-MAY-2024 *    19-May-23    03-MAY-2024 *    17-MAY-2024 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 243149.05    291055.4    289684.94    245652.1    292732.12    293567.66 ** b) Borrowings from banks 56459.38    167685.78    162652.29    56588.09    170176.71    162655.65 c) Other demand & time liabilities 59167.93    76526.45    74441.56    59826.67    76795.5    74668.36 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 18376356.29    20938381 (20835743.37)    20814091.81 (20714644.03)    18815257.1    21400918.13 (21298280.50)    21272866.45 (21173418.67) 

In the underwriting auctions conducted on May 31, 2024, 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) 522,344.45 6.38 0.01-7.50 I. Call Money 11,296.09 6.47 5.40-6.55 II. Triparty Repo 348,641.85 6.36 6.10-6.42 III. Market Repo 161,469.76 6.41 0.01-6.56 IV. Repo in Corporate Bond 936.75 6.69 6.66-7.50

The Reserve Bank of India, vide Directive LKO.DOS.SED.No.S850/10-03-030/2022-2023 dated March 02, 2023 had placed Banaras Merchantile Co-operative Bank Ltd., Varanasi (U.P) under Directions for the period of six months from the close of business on March 03, 2023. The validity of the directions has been extended from time-to-time, last being up to close of business on June 03, 2024. 

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 31, 2024, Friday, as under: Sl. No.    Notified Amount (₹ crore)    Tenor (day)    Window Timing Date of Reversal 1    50,000    14    10:30 AM to 11:00 AM    June 14, 2024 (Friday) 

I. Summary Results  Aggregate amount (Face Value) notified by RBI ₹ 40,000.000 crore Total amount offered (Face Value) by participants ₹ 10,989.096 crore Total amount accepted (Face Value) by RBI ₹ 5,111.290 crore  II. Details of Each Security  Security 7.35% GS 2024 8.40% GS 2024 FRB 2024 9.15% GS 2024 No. of offers received 7 2 8 4 Total amount (Face Value) offered (₹ Crore) 2,349.113 1,510.000 5,860.806 1,269.177 No of offers accepted 4 2 4 2 Total amount (Face Value) accepted by RBI (₹ Crore) 1,816.113 1,510.000 535.000 1,250.177

To encourage self-regulation in the FinTech sector, the Reserve Bank of India (RBI) had released a 'Draft framework for recognising Self-Regulatory Organisations (SRO) for FinTech Sector' on January 15, 2024, inviting comments and feedback from the stakeholders. Based on the inputs received and examination thereof, the 'Framework for Recognising Self-Regulatory Organisation(s) for FinTech Sector' (SRO-FT framework) has been finalised and is enclosed.

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on May 31, 2024. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:

Today, the Reserve Bank of India released its Annual Report for 2023-24, a statutory report of its Central Board of Directors. The Report covers the working and functions of the Reserve Bank of India for the period April 2023 - March 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 536,424.70 6.42 5.40-7.50 I. Call Money 11,728.59 6.49 5.40-6.60 II. Triparty Repo 357,693.55 6.41 6.30-6.50 III. Market Repo 166,091.56 6.43 6.00-6.75 IV. Repo in Corporate Bond 911.00 6.73 6.65-7.50

The Reserve Bank of India has imposed a monetary penalty of Rs. 36,38,000/- (Rupees Thirty Six Lakh Thirty Eight Thousand only) on The HSBC Limited in exercise of powers vested in the Reserve Bank under the provisions of Section 11(3) of FEMA, 1999, for violation of Reserve Bank of India’s instructions on reporting requirements under Liberalised Remittance Scheme of FEMA 1999.

The Reserve Bank has today released data on Reserve Money for the week ended May 24, 2024 and Money Supply for the fortnight ended May 17, 2024.

The Reserve Bank of India has today, in exercise of its powers under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) and the Reserve Bank of India Act, 1934 imposed business restrictions on the following supervised entities respectively, belonging to the Edelweiss Group. The Reserve Bank has directed: (i) ECL Finance Ltd (ECL) to cease and desist, with immediate effect, from undertaking any structured transactions in respect of its wholesale exposures, other than repayment and/ or closure of accounts in its normal course of business. (ii) Edelweiss Asset Reconstruction Company Limited (EARCL) to cease and desist from acquisition of financial assets including security receipts (SRs) and reorganising the existing SRs into senior and subordinate tranches.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹4000 Crore ₹4000 Crore ₹4000 Crore II. Competitive Bids Received (i) Number 65 106 101 (ii) Amount ₹ 14436.030 Crore ₹ 15743 Crore ₹ 13643.350 Crore III. Cut-off price / Yield 98.3214 96.6236 93.4430 (YTM:6.8478%) (YTM:7.0080%) (YTM:7.0364%) IV. Competitive Bids Accepted (i) Number 8 15 40 (ii) Amount ₹ 3970.741 Crore ₹ 3966.484 Crore ₹ 3978.704 Crore V. Partial Allotment Percentage of Competitive Bids 84.65% 59.46% 18.54% (2 Bids) (1 Bid) (1 Bid) VI. Weighted Average Price/Yield 98.3228 96.6519 93.4500 (WAY: 6.8420%) (WAY: 6.9472%) (WAY: 7.0284%) VII. Non-Competitive Bids Received (i) Number 5 6 3 (ii) Amount ₹ 1529.259 Crore ₹ 1033.516 Crore ₹ 32.196 Crore VIII. Non-Competitive Bids Accepted   (i)  Number 5 6 3 (ii) Amount ₹ 1529.259 Crore ₹ 1033.516 Crore ₹ 32.196 Crore (iii) Partial Allotment Percentage - - -

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified   ₹4,000 Crore   ₹4,000 Crore   ₹4,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3214 (YTM:6.8478%) 96.6236 (YTM:7.0080%) 93.4430 (YTM:7.0364%) IV. Total Face Value Accepted   ₹4,000 Crore   ₹4,000 Crore   ₹4,000 Crore