On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct the following operations to inject liquidity into the banking system: • OMO purchase auctions of Government of India securities for an aggregate amount of ₹2,00,000 crore in four tranches of ₹50,000

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Bihar 1500 1500 7.65 08 2. Gujarat* 1500 1500 7.07 05 1000 1500 7.16 06 3. Haryana 1000 1000 105.21/6.4731 Re-issue of 8.62% Haryana SDL 2028, issued on September 03, 2018 4. Jammu and Kashmir 570 570 7.60 20

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 37,622 Amount allotted (in ₹ crore) 37,622 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak (Karnataka) vide Directive No. CO.DOS.SED.No.S4800/12-23-151/2024-25 dated September 26, 2024, for a period of six months up to close of business on March 27, 2025. 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 close of business on December 27, 2025.

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on Tuesday, December 23, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 11:30 AM to 12:00 Noon December 24, 2025 (Wednesday) 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.

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 1,16,349 Amount allotted (in ₹ crore) 75,033 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) 54.34

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 7,25,101.26 5.29 1.25-6.35 I. Call Money 18,149.59 5.38 4.50-5.50 II. Triparty Repo 5,03,670.60 5.30 5.10-5.70 III. Market Repo 1,99,071.77 5.26 1.25-5.95 IV. Repo in Corporate Bond 4,209.30 5.46 5.40-6.35

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, December 23, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal

Today, the Reserve Bank released the December 2025 issue of its monthly Bulletin. The Bulletin includes bi-monthly monetary policy statement (December 2025), four speeches, four articles and current statistics. The four articles are: I. State of the Economy; II. Government Finances 2025-26: A Half-Yearly Review; III. Composite Leading Indicator for GVA - Manufacturing for India; IV. Decoding Safe Asset Volatility Amid Geopolitical Risks Using Neural Networks.

Government of India (GoI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹32,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 5.91% GS 2028 Jun 30, 2028 9,000 F.No.4(1)-B(W&M)/2025 dated December 22, 2025 December 26, 2025 (Friday) December 29, 2025 (Monday) 2 6.28% GS 2032 Jul 14, 2032 11,000 3 7.24% GS 2055 Aug 18, 2055 12,000 Total 32,000

(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) 13,451.90 5.14 4.00-6.30 I. Call Money 726.50 4.87 4.50-5.05 II. Triparty Repo 8,267.50 5.06 4.50-5.25 III. Market Repo 259.60 4.00 4.00-4.00 IV. Repo in Corporate Bond 4,198.30 5.41 5.37-6.30 B. Term Segment I. Notice Money** 16,937.35 5.38 4.60-5.70 II. Term Money@@ 411.50 - 5.50-6.80

Tenor 2-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 15,507 Amount allotted (in ₹ crore) 15,507 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids 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) 13,451.90 5.14 4.00-6.30 I. Call Money 726.50 4.87 4.50-5.05 II. Triparty Repo 8,267.50 5.06 4.50-5.25 III. Market Repo 259.60 4.00 4.00-4.00 IV. Repo in Corporate Bond 4,198.30 5.41 5.37-6.30 B. Term Segment I. Notice Money** 16,937.35 5.38 4.60-5.70

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Monday, December 22, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 2 9:30 AM to 10:00 AM December 24, 2025 (Wednesday)

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹33,220 Crore (Face Value)

The Reserve Bank of India (RBI) has, by an order dated December 11, 2025, imposed a monetary penalty of ₹61.95 lakh (Rupees Sixty One Lakh Ninety Five Thousand only) on Kotak Mahindra Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Access to Banking Services - Basic Savings Bank Deposit Account’ and ‘Scope of activities to be undertaken of Business Correspondents (BCs)’

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Dec. 13 Dec. 05 Dec. 12 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 28744 40349 26355 -13995 -2389 * Data are provisional; difference, if any, is due to rounding off.