Press Releases

The result of the auction of State Government Securities held on January 14, 2025 is as under: (Amount in ₹ Crore) BIHAR 2035 BIHAR 2040 GUJARAT 2035 HARYANA 2038 Notified Amount 1000 1000 2000 1000 Tenure 10 15 10 13 Competitive Bids Received (i) No. 60 36 100 72 (ii) Amount 3810 2835 2785 4310 Cut off Yield (%) 7.22 7.22 7.22 7.22 Competitive Bids Accepted (i) No. 10 8 76 20 (ii) Amount 978.441 994.995 1968.453 990.899

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Bihar 1000 1000 7.22 10 1000 1000 7.22 15 2 Gujarat 2000 2000 7.22 10 3 Haryana 1000 1000 7.22 13 4 Jammu and Kashmir 300 300 7.20 22 5 Karnataka 2000 2000 7.22 11 6 Kerala 2500 2500 7.24 19 7 Maharashtra 2500 2500 7.23 16

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,75,368.39 6.59 5.00-7.10 I. Call Money 9,243.74 6.81 5.80-7.10 II. Triparty Repo 3,96,520.80 6.49 5.95-6.75 III. Market Repo 1,67,788.15 6.79 5.00-7.10 IV. Repo in Corporate Bond 1,815.70 7.04 7.00-7.06 B. Term Segment I. Notice Money** 4,344.08 6.82 5.70-7.05 II. Term Money@@ 22.50 - 6.70-7.00 III. Triparty Repo 765.25 6.52 6.05-6.74 IV. Market Repo 7,874.00 6.80 6.75-6.95 V. Repo in Corporate Bond 0.00 - -

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Kamaraj Co-operative Town Bank Limited, Tamil Nadu (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’, certain directions on ‘Prudential Norms on Capital Adequacy - UCBs’, and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Cordite Factory Co-operative Bank Ltd., Aravankadu, Nilgiris, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-five thousand only) on The Arcot Co-operative Urban Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Tamilnadu Circle Postal Co-operative Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated January 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Virudhunagar Co-operative Urban Bank Limited, Virudhunagar, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹36,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.75% GS 2029 Dec 23, 2029 14,000 F.No.4(3)-B(W&M)/2024 dated January 13, 2025 January 17, 2025 (Friday) January 20, 2025 (Monday) 2 6.92% GS 2039 Nov 18, 2039 12,000 3 7.09% GS 2054 Aug 05, 2054 10,000 Total 36,000

The Reserve Bank of India vide directive CO.DOS.SED. No. S370/45-11-001/2024-2025 dated April 15, 2024, had placed Sarvodaya Co-operative Bank Ltd., Mumbai under Directions for a period of six months up to the close of business on October 15, 2024, which was modified from time to time and the latest being upto January 15, 2025.

The following seven 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.

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 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 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 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 86,155 Amount allotted (in ₹ crore) 50,008 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.53 Partial Allotment Percentage of bids received at cut off rate (%) 32.03

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on January 13, 2025, Monday, 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) 5,53,412.76 6.78 4.00-7.14 I. Call Money 9,049.26 6.88 5.10-7.10 II. Triparty Repo 3,73,967.40 6.73 6.32-6.85 III. Market Repo 1,68,607.40 6.89 4.00-7.10 IV. Repo in Corporate Bond 1,788.70 7.08 7.05-7.14

The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹30,000 crore (face value). The security-wise details of the buyback are as under:

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 January 15, 2025 (Wednesday) January 16, 2025 (Thursday) 2 182 Days 8,000 3 364 Days 8,000 Total 28,000 The sale will be subject to the terms and conditions specified in the
 

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹17,919 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Bihar 1000 10 Yield 1000 15 Yield 2 Gujarat 2000 10 Yield 3 Haryana 1000 13 Yield

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to National Urban Co-operative Bank Ltd., Pratapgarh, Uttar Pradesh vide Directive CO.DOS.SED.No.S369/45-11-001/2024-25 dated April 15, 2024, for a period of six months up to October 15, 2024, which was subsequently extended for a period of three months, up to close of business on January 15, 2025 vide Directive DOR.MON/D-60/12.28.017/2024-25 dated October 14, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond the close of business on January 15, 2025.