Press Releases

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 13, 2024, Monday, as under:  Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 4 11:30 AM to 12:00 Noon May 17, 2024 (Friday)  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. (Puneet Pancholy) Chief General Manager Press Release: 2024-2025/292

(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 - -

(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 - -

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 474,459.81 6.69 3.01-7.10 I. Call Money 10,213.83 6.73 5.50-6.85 II. Triparty Repo 299,050.05 6.71 6.67-6.87 III. Market Repo 164,279.93 6.67 3.01-6.90 IV. Repo in Corporate Bond 916.00 6.89 6.85-7.10 B. Term Segment I. Notice Money** 1,242.54 6.65 5.40-6.80 II. Term Money@@ 643.00 - 6.90-7.05 III. Triparty Repo 2,925.40 6.87 6.55-7.05 IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

The Reserve Bank of India (RBI) has appointed Shri R. Lakshmi Kanth Rao as Executive Director (ED) with effect from May 10, 2024. Prior to being promoted as ED, Shri Rao was serving as Chief General Manager-in-Charge in the Department of Regulation.

The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹60,000 crore (face value). The following securities will be offered for buyback:

In terms of GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VII - Issue date November 13, 2017) and F.No.4(22) – B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series III - Issue date November 13, 2018) 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 tranches shall be May 13, 2024

In terms of GOI Notification F.No. 4(16) - W&M/2016 dated October 20, 2016 (SGB 2016-17 Series III- Issue date November 17, 2016) 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 May 17, 2024.

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 May 15,2024 (Wednesday) May 16,2024 (Thursday) 2 182 Days 7,000 3 364 Days 8,000 Total 27,000

The Reserve Bank of India (RBI) has, by an order dated May 09, 2024, imposed a monetary penalty of ₹1,50,000/- (Rupees One Lakh Fifty Thousand only) on Sundaram Home Finance Limited (the company) for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Direction, 2016’ issued by RBI. This penalty has been imposed in exercise of powers vested in RBI conferred under section 52A of the National Housing Bank Act, 1987. The statutory inspection of the company was conducted by the National Housing Bank with reference to its financial position as on March 31, 2022. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.