Press Releases

The following 13 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.

Auction Results 7.02% GS 2031 7.46% GS 2073 I. Notified Amount ₹11,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹11,000 crore ₹11,000 crore III. Competitive Bids Received (i) Number 179 220 (ii) Amount ₹37960.000 crore ₹29993.000 crore IV. Cut-off price / Yield 101.39 106.67 (YTM: 6.7575%) (YTM: 6.9771%) V. Competitive Bids Accepted (i) Number 22 47

7.02% GS 2031 7.46% GS 2073 I. Notified Amount ₹11,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 101.39/6.7575% 106.67/6.9771% III. Amount accepted in the auction ₹11,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL

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 August 2024.

In the underwriting auctions conducted on September 13, 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) 517,518.25 6.32 5.00-7.40 I. Call Money 11,270.59 6.52 5.10-6.60 II. Triparty Repo 350,744.70 6.27 6.00-6.37 III. Market Repo 154,422.96 6.41 5.00-6.65 IV. Repo in Corporate Bond 1,080.00 6.59 6.55-7.40

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹13,500 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Assam 500 10 Yield 2 Bihar 2000 9 Yield 3 Chhattisgarh 1000 5 Yield 4 Haryana 1000 12 Yield 5 Kerala 1500 23 Yield 6 Maharashtra 1500 9 Yield 1500 12 Yield 1500 13 Yield 1500 19 Yield 7 Tamil Nadu 1000 10 Yield 8 Telangana 500 12 Yield Total 13,500 

As per the Calendar for Auction of Government of India Treasury Bills for the Quarter ending September 2024 issued on June 28, 2024, the next two auctions are scheduled to be held on September 18, 2024 and September 25, 2024. On a review, it has been decided, in consultation with the Government of India, to cancel the auctions of Treasury Bills scheduled on September 18, 2024 and September 25, 2024.

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 72,240 Amount accepted (in ₹ crore) 72,240 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 13, 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:

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on September 12, 2024, Thursday, 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) 556,012.63 6.43 5.10-7.55 I. Call Money 12,058.45 6.54 5.10-6.65 II. Triparty Repo 388,368.40 6.40 5.65-6.54 III. Market Repo 154,527.78 6.49 5.25-6.80 IV. Repo in Corporate Bond 1,058.00 6.70 6.60-7.55 B. Term Segment I. Notice Money** 154.50 6.36 6.10-6.60 II. Term Money@@ 561.00 - 6.70-7.20 III. Triparty Repo 605.70 6.49 6.25-6.65 IV. Market Repo 1,671.70 6.65 6.55-6.70 V. Repo in Corporate Bond 0.00 - -

The Reserve Bank has today released data on Reserve Money for the week ended September 06, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 79 88 104 (ii) Amount ₹ 17251.290 Crore ₹ 15990.200 Crore ₹ 28815.000 Crore III. Cut-off price / Yield 98.3700 96.7568 93.7336 (YTM:6.6462%) (YTM:6.7222%) (YTM:6.7037%) IV. Competitive Bids Accepted

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3700 (YTM: 6.6462%) 96.7568 (YTM: 6.7222%) 93.7336 (YTM: 6.7037%) IV. Total Face Value Accepted ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore

Tenor 2-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 25,000 Amount accepted (in ₹ crore) 25,000 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers 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) 537,006.33 6.36 5.10-7.45 I. Call Money 8,197.21 6.50 5.10-6.60 II. Triparty Repo 371,916.80 6.33 6.26-6.40 III. Market Repo 155,889.32 6.42 5.50-6.70 IV. Repo in Corporate Bond 1,003.00 6.56 6.50-7.45

The Reserve Bank of India (RBI) has, by an order dated September 3, 2024, imposed a monetary penalty of ₹1.91 crore (Rupees One crore and ninety-one lakh only) on Axis Bank Limited (the bank) for contravention of provisions of Section 19 (1) (a) of the Banking Regulation Act, 1949 (BR Act), and non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’, ‘Know Your Customer (KYC)’ and ‘Credit Flow to Agriculture- Collateral free agricultural loans’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of BR Act.

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, had placed Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra under Directions from the close of business on March 10, 2023, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to September 10, 2024.

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8241/12-22-316/2022-2023 dated March 09, 2023, had placed Defence Accounts Cooperative Bank ltd, Pune under Directions from the close of business on March 10, 2023