Press Releases

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 563,648.52 6.25 5.00-6.55 I. Call Money 9,244.78 6.45 5.10-6.55 II. Triparty Repo 407,466.70 6.22 5.91-6.35 III. Market Repo 145,760.14 6.32 5.00-6.50 IV. Repo in Corporate Bond 1,176.90 6.49 6.45-6.51

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹20,000 crore (face value). The security-wise details of the conversion/switch are given as under: Date of Auction Source Securities Amount (FV) of Source Securities (in ₹ crore) Destination Securities November 18, 2024 (Monday) 7.27% GS 2026 (Maturing on Apr 08, 2026) 1,000 7.40% GS 2035 (Maturing on Sep 09, 2035) 6.99% GS 2026 (Maturing on Apr 17, 2026) 3,000 6.22% GS 2035 (Maturing on Mar 16, 2035) 6.99% GS 2026 (Maturing on Apr 17, 2026) 1,000 8.32% GS 2032 (Maturing on Aug 02, 2032) 8.33% GS 2026 (Maturing on Jul 09, 2026) 1,000 7.40% GS 2035

In terms of GOI Notifications 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 November 13, 2024

The Reserve Bank of India (RBI), vide order dated November 08, 2024, has cancelled the licence of “The Durga Co-operative Urban Bank Ltd., Vijayawada”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on November 12, 2024. The Commissioner for Cooperation and Registrar of Cooperative Societies, Andhra Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 13, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 10:00 AM to 10:30 AM November 14, 2024 (Thursday)

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of September 2024.

The result of the auction of State Government Securities held on November 12, 2024 is as under: (Amount in ₹Crore) GUJARAT 2031 GUJARAT 2033 HARYANA 2037 HIMACHAL PRADESH 2039 Notified Amount 1000 1000 1500 500 Tenure 7 9 13 15 Competitive Bids Received (i) No. 53 97 70 37 (ii) Amount 4570 6395 7690 3229 Cut off Price (₹) / Yield (%) 7.05 7.08 7.12 7.13

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Gujarat 1000 1000 7.05 07 1000 1000 7.08 09 2 Haryana 1500 1500 7.12 13 3 Himachal Pradesh 500 500 7.13 15 4 Jammu and Kashmir 400 400 100.43/7.0604 Re-issue of 7.17% Jammu and Kashmir SDL 2029 issued on September 18, 2019 5 Telangana 1000 1000 7.13 15 Total 5400 5400

Tenor 2-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 29,150 Amount accepted (in ₹ crore) 29,150 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) 573,996.61 6.30 5.00-7.21 I. Call Money 9,449.82 6.45 5.10-6.55 II. Triparty Repo 417,572.25 6.29 5.50-6.40 III. Market Repo 145,562.64 6.32 5.00-7.21 IV. Repo in Corporate Bond 1,411.90 6.53 6.49-6.60

Government of India (GOI) has announced the sale (issue / re-issue) of three dated securities for a notified amount of ₹37,000 crore as per the following details:Sr NoSecurityDate of RepaymentNotified Amount(₹ Crore)GoI specific NotificationAuctionDateSettlement Date

The Reserve Bank of India (RBI) has, by an order dated November 05, 2024, imposed a monetary penalty of ₹50,000 (Rupees Fifty thousand only) on The Sathamba People's Co-operative Bank Ltd., Aravalli, Gujarat (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 vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 12, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 2 10:00 AM to 10:30 AM November 14, 2024 (Thursday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

The Reserve Bank of India (RBl) has, by an order dated November 06, 2024, imposed a monetary penalty of ₹1.10 lakh (Rupees One Lakh Ten Thousand only) on Bally Co-operative Bank Ltd., Howrah, West Bengal (the bank), for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

In consultation with the Government of India and SEBI, the Reserve Bank of India has finalised an operational framework for reclassification of Foreign Portfolio Investment made by Foreign Portfolio Investors (FPI) to Foreign Direct Investment (FDI) under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 in case of any breach of the investment limit by the FPIs concerned. This would further enhance the ease of doing business in India. 

(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 - -

(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 - -

Tenor 3-day Notified Amount (in ₹ crore) 1,75,000 Total amount of offers received (in ₹ crore) 61,960 Amount accepted (in ₹ crore) 61,960 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) 542,956.36 6.35 5.00-6.85 I. Call Money 11,266.68 6.44 5.10-6.55 II. Triparty Repo 376,823.20 6.37 6.26-6.85 III. Market Repo 153,624.58 6.32 5.00-6.80 IV. Repo in Corporate Bond 1,241.90 6.49 6.45-6.51

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, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds.  Accordingly, the final redemption date of the above tranche shall be November 16, 2024 (November 17, 2024 being a holiday).