Press Releases

In the underwriting auctions conducted on September 22, 2023 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:

(₹ crore)

Nomenclature of the SecurityNotified AmountMinimum Underwriting Commitment (MUC) AmountAdditional Competitive Underwriting Amount AcceptedTotal Amount underwrittenACU Commission Cut-off rate
(paise per ₹100)

7.06% GS 20288,0004,0113,9898,0000.15

7.18% GS 203314,0007,0146,98614,0000.15

7.30% GS 205311,0005,5025,49811,0000.17

Auction for the sale of securities will be held on September 22, 2023.

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/968

The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2322/12-07-005/2022-23 dated July 07, 2022, had placed Sangli Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 08, 2022, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to October 08, 2023.

2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directions for a further period of three months from close of business on October 08, 2023, to close of business on January 08, 2024 as per the Directive DOR.MON.D-74/12.22.225/2023-24 dated September 21, 2023, subject to review.

3. All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated September 21, 2023, notifying the above extension is displayed at the bank’s premises for the perusal of the public.

4. The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that the Reserve Bank of India is satisfied with the financial position of the bank.

(Shweta Sharma)     
Deputy General Manager

Press Release: 2023-2024/976

MONEY MARKETS@ Volume (One Leg)Weighted Average RateRange A. Overnight Segment (I+II+III+IV)511,625.166.770.02-6.95 I. Call Money8,368.306.755.00-6.95 II. Triparty Repo355,691.556.766.75-6.79 III. Market Repo147,415.316.810.02-6.92 IV. Repo in Corporate Bond150.006.826.75-6.85 B. Term Segment

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2022 2023 Variation Sep. 16 Sep. 8 Sep. 15 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government   0 0 0 0 0 4.2 State Governments 6178 24915 16939 -7976 10761 * Data are provisional. 2. Foreign Exchange Reserves* Item As on September 15,2023 Variation over Week End-March 2023 Year ₹Cr.US$ Mn.  

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹27,000 Crore (Face Value). Sr. No.StateAmount to be raised (₹ Cr)Additional Borrowing (Greenshoe) Option (₹ Cr)Tenure (Year)Type of Auction 1Bihar2000-8Yield 2Chhattisgarh1000-7Yield

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  10,000 September 27, 2023 (Wednesday) September 29, 2023 (Friday) 2 182 Days 8,000 3 364 Days 6,000 Total 24,000 The sale will be subject to the terms and conditions specified in the General Notification

Auction Results7.06% GS 20287.18% GS 20337.30% GS 2053  I. Notified Amount ₹8000 Crore ₹14000 Crore ₹11000 Crore II.Underwriting Notified Amount₹8000 Crore₹14000 Crore₹11000 Crore III.Competitive Bids Received (i) Number110205169

7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount ₹8,000 crore ₹14,000 crore ₹11,000 crore II.Cut off Price / Implicit Yield at cut -  off  99.54/7.1792%100.31/7.1342%99.55/7.3360% III. Amount accepted in the auction ₹8,000 crore ₹14,000 crore ₹11,000 crore IV.Devolvement on Primary Dealers

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/970

Tenor 14-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore)5,995 Amount accepted (in ₹ crore) 5,995 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rateNA Ajit Prasad Director (Communications) Press Release: 2023-2024/969

In terms of GOI notifications F.No.4(19) - W&M/2014 dated March 04, 2016 (SGB 2016, Series II - Issue date March 29, 2016) and F.No.4(7) - W&M/2016 dated August 29, 2016 (SGB 2016-17 Series II - Issue date September 30, 2016) on Sovereign Gold Bond (SGB) 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 September 29, 2023 and September 30, 2023, respectively.

2. Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity [published by the India Bullion and Jewellers Association Ltd (IBJA)] of the week (Monday-Friday) preceding the date of redemption. Accordingly, the redemption price for the premature redemption due on September 29, 2023 and September 30, 2023 shall be ₹5921/- (Rupees Five Thousand Nine Hundred Twenty-one only) per unit of SGB based on the simple average of closing gold price for the week September 18-22, 2023.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/977