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) 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) 14,318.83 5.66 3.50-6.50 I. Call Money 803.45 5.89 5.25-6.50 II. Triparty Repo 12,985.10 5.67 5.00-6.05 III. Market Repo 530.28 4.84 3.50-5.25 IV. Repo in Corporate Bond 0.00 - -

Tenor 1-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 1,34,675 Amount allotted (in ₹ crore) 1,00,014 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.27 Partial Allotment Percentage of bids received at cut off rate (%) 43.37

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,109.80 6.24 5.25-6.60 I. Call Money 878.15 5.90 5.25-6.25 II. Triparty Repo 3,291.45 6.15 5.80-6.40 III. Market Repo 61.00 6.00 6.00-6.00 IV. Repo in Corporate Bond 1,879.20 6.56 6.45-6.60 B. Term Segment I. Notice Money** 12,421.97 6.38 5.15-6.50 II. Term Money@@ 728.50 - 6.35-6.75 III. Triparty Repo 390,865.35 6.32 5.95-6.45 IV. Market Repo 163,925.15 6.36 5.75-6.60 V. Repo in Corporate Bond 0.00 - -

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹29,800 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Assam 900 10 Yield 2 Bihar 1000 12 Yield 1000 20 Yield

The Reserve Bank of India (RBI) has, by an order dated February 10, 2025, imposed a monetary penalty of ₹5.80 lakh (Rupees Five Lakh Eighty Thousand only) on Shriram Finance Limited (the company) for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’, ‘Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016’ and directions on ‘Data Format for Furnishing of Credit Information to Credit Information Companies’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under clause (b) of sub-section (1) of Section 58G read with clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934, and Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005

The Reserve Bank of India (RBI) has, by an order dated February 12, 2025, imposed a monetary penalty of ₹61.40 lakh (Rupees Sixty One Lakh Forty Thousand only) on The Nainital Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Interest Rate on Advances’ and ‘Customer Service in Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated February 10, 2025, imposed a monetary penalty of ₹6.70 lakh (Rupees Six Lakh Seventy Thousand only) on Ujjivan Small Finance Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances - Statutory and Other Restrictions’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

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 14,000 February 20, 2025 (Thursday) February 21, 2025 (Friday) 2 182 Days 12,000 3 364 Days 7,000 Total 33,000

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 17, 2025, Monday, as under:

The Reserve Bank has announced OMO purchase of Government securities for an aggregate amount of ₹20,000 crore on February 20, 2025 vide the Press Release 2024-2025/2013 dated January 27, 2025. On a review of current and evolving liquidity conditions, the aggregate amount of OMO purchase has now been revised to ₹40,000 crore.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Feb. 9 Jan. 31 Feb. 7 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 20255 19332 35454 16122 15199 * Data are provisional; difference, if any, is due to rounding off.

The Certificate of Registration issued to the following Non-Banking   Financial Company (NBFC) has been restored after considering the orders   passed by the Appellate Authority/Courts. This NBFC is advised to adhere   to the applicable provisions of the RBI Act, 1934, and   guidelines/directions issued by the RBI including reporting   requirements.

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.

The following 20 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.

In exercise of the powers conferred under Section 36 AAA read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), the Reserve Bank has today superseded the Board of Directors of New India Cooperative Bank Ltd., Mumbai, for a period of 12 months. Consequently, the Reserve Bank has appointed Shri Shreekant, former Chief General Manager of State Bank of India (SBI) as ‘Administrator’ to manage the affairs of the bank during this period. The Reserve Bank has also appointed a ‘Committee of Advisors’ to assist the Administrator in discharging his duties. The members of the Committee of Advisors are Shri Ravindra Sapra (former General Manager, SBI) and Shri Abhijeet Deshmukh (Chartered Accountant).

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 January 2025.

Auction Results 6.64% GS 2027 6.79% GS 2034 7.09% GS 2074 I. Notified Amount ₹7,000 crore ₹22,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹7,000 crore ₹22,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 86 355 190 (ii) Amount ₹22637.000 Crore ₹52976.000 Crore ₹25104.000 Crore

6.64% GS 2027 6.79% GS 2034 7.09% GS 2074 I. Notified Amount ₹7,000 crore ₹22,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.06/6.6112% 100.56/6.7086% 100.21/7.0735% III. Amount accepted in the auction ₹7,000 crore ₹22,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

Tenor 49-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 99,692 Amount allotted (in ₹ crore) 75,003 Cut off Rate (%) 6.28 Weighted Average Rate (%) 6.32 Partial Allotment Percentage of bids received at cut off rate (%) 57.30

Tenor 3-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 1,93,363 Amount allotted (in ₹ crore) 1,50,016 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.27 Partial Allotment Percentage of bids received at cut off rate (%) 46.98

In the underwriting auction conducted on February 14, 2025, 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) 5,60,389.95 6.32 5.15-6.58 I. Call Money 17,096.91 6.34 5.15-6.50 II. Triparty Repo 3,75,991.85 6.31 6.24-6.50 III. Market Repo 1,65,791.99 6.35 6.00-6.58 IV. Repo in Corporate Bond 1,509.20 6.47 6.45-6.50 B. Term Segment I. Notice Money** 301.80 6.36 5.90-6.40 II. Term Money@@ 620.00 - 6.40-7.95 III. Triparty Repo 187.00 6.38 6.25-6.40 IV. Market Repo 782.66 6.60 6.50-6.65 V. Repo in Corporate Bond 0.00 - -

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949, read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No.D-01/12-22-350/2024-2025 dated February 13, 2025, has issued certain Directions to New India Co-operative Bank Limited, Mumbai (“the bank”), whereby, as from the close of business on February 13, 2025, the bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in the RBI Direction dated February 13, 2025, a copy of which is displayed on the bank's website / premises for perusal by interested members of the public. Considering the bank's present liquidity position, the bank has been directed not to allow withdrawal of any amount from savings bank or current accounts or any other account of a depositor but is allowed to set off loans against deposits subject to the conditions stated in the above RBI Directions. The bank may incur expenditure in respect of certain essential items such as salaries of employees, rent, electricity bills, etc., as specified in the said Directions.

The Reserve Bank of India (RBI) has, by an order dated February 07, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Tiruppur Co-operative Urban Bank Ltd., Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – 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 February 07, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Ramanathapuram Co-operative Urban Bank Ltd., Ramanathapuram, 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 February 07, 2025, imposed a monetary penalty of ₹1.75 lakh (Rupees One Lakh Seventy Five Thousand only) on The Salem Urban Co-operative Bank Ltd., Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms / concerns in which they are interested’, ‘Exposure Norms and Statutory / Other Restrictions – 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.

In terms of GOI Notification F.No.4 (7) – B (W&M)/2019 dated May 30, 2019 (SGB 2019-20 Series III -Issue date August 14, 2019) 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 February 14, 2025.

The Reserve Bank of India (RBI) has, by an order dated February 11, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Mumbai Mahanagarpalika Shikshan Vibhag Sahakari Bank Ltd., Mumbai (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.

I. SUMMARY OMO PURCHASE RESULTS Aggregate Amount (Face value) notified by RBI : ₹40,000 crore Total amount offered (Face value) by participants : ₹1,81,116 crore Total amount accepted (Face value) by RBI : ₹40,000 crore

The Reserve Bank of India (RBI) has, by an order dated February 10, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on Sulaimani Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks’ and ‘Interest Rate on Deposits’. 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.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

Security 7.17% GS 2030 7.18% GS 2033 7.10% GS 2034 7.54% GS 2036 7.18% GS 2037 Total amount notified Aggregate amount of ₹40,000 crore (no security-wise notified amount) Total amount (face value) accepted by RBI (₹ in crores) 7,315 8,840 4,105 10,000 9,740 Cut off yield (%) 6.7306 6.8051 6.7643 6.8866 6.8914 Cut off price (₹) 101.88 102.39 102.25 105.05 102.38

The Governor, Reserve Bank of India today held a meeting with the Managing Director & Chief Executive Officers of select Non-Banking Financial Companies (NBFCs) across all layers, including Government NBFCs, Housing Finance Companies and Micro-Finance Institutions. These NBFCs constitute nearly 50 per cent of the total assets of the NBFC sector. Representatives from Self-Regulatory Organizations (SROs), Sa-Dhan and Micro Finance Institutions Network (MFIN), as well as from Finance Industry Development Council (FIDC) also participated in the meeting.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on February 14, 2025 (Friday).

Tenor 1-day Notified Amount (in ₹ crore) 2,75,000 Total amount of bids received (in ₹ crore) 2,35,619 Amount allotted (in ₹ crore) 2,35,619 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,77,339.01 6.27 5.15-6.60 I. Call Money 13,411.47 6.29 5.15-6.40 II. Triparty Repo 4,03,454.35 6.26 6.20-6.51 III. Market Repo 1,58,648.59 6.30 5.75-6.60 IV. Repo in Corporate Bond 1,824.60 6.44 6.40-6.49

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

On April 24, 2024, the Reserve Bank of India had, in exercise of its powers under Section 35A of the Banking Regulation Act, 1949, imposed certain business restrictions on Kotak Mahindra Bank Limited (hereinafter referred to as ‘the bank’). The bank was directed to cease and desist from:

On a review of current and evolving liquidity conditions, the Reserve Bank has decided to conduct a 49-day Variable Rate Repo (VRR) auction on February 14, 2025, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 49 11:00 AM to 11:30 AM April 04, 2025 (Friday)

The Reserve Bank has today released data on Reserve Money for the week ended February 07, 2025.

Reserve Bank of India today placed on its website an updated circular (hyperlink to updated circular) on Operation of Pre-Sanctioned Credit Lines at Banks through Unified Payments Interface (UPI).

The Reserve Bank of India will shortly issue ₹50 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor. The design of these notes is similar in all respects to ₹50 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹50 issued by the Reserve Bank in the past will continue to be legal tender.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹8000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 110 67 85 (ii) Amount ₹32651.760 Crore ₹16516.150 Crore ₹26315.000 Crore III. Cut-off price / Yield 98.4187 96.8279 93.8685 (YTM:6.4445%) (YTM:6.5700%) (YTM:6.5500%)

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.4187 (YTM: 6.4445%) 96.8279 (YTM: 6.5700%) 93.8685 (YTM: 6.5500%) IV. Total Face Value Accepted ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore

Tenor 1-day Notified Amount (in ₹ crore) 2,50,000 Total amount of bids received (in ₹ crore) 1,93,865 Amount allotted (in ₹ crore) 1,93,865 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,87,196.10 6.25 5.15-6.70 I. Call Money 12,933.60 6.33 5.15-6.42 II. Triparty Repo 4,15,256.05 6.23 5.80-6.35 III. Market Repo 1,57,425.85 6.32 5.99-6.55 IV. Repo in Corporate Bond 1,580.60 6.50 6.45-6.70 B. Term Segment I. Notice Money** 381.10 6.13 5.50-6.37 II. Term Money@@ 555.00 - 6.40-6.75 III. Triparty Repo 800.00 6.23 6.15-6.35 IV. Market Repo 3,298.72 6.37 6.25-6.45 V. Repo in Corporate Bond 0.00 - -

In terms of GOI Notification F.No.4 (22) – B (W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series VI -Issue date February 12, 2019) 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 February 12, 2025. 2. Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption, as published by the India Bullion

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.