The Reserve Bank of India issued Directions to Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive NGP.DOS.SSM 2.No.S1389/15-04-616/2022-2023 dated February 23, 2023, for a period of six months up to August 24, 2023 as modified from time to time which were last extended up to close of business on May 24, 2024 vide Directive DOR.MON/D-128/12.22.275/2023-24 dated February 15, 2024.

New GS 2027 7.23% GS 2039 7.46% GS 2073 I. Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore II. Cut off Price / Implicit Yield at cut-off 7.02% 101.69 / 7.0437% 104.18 / 7.1510 III. Amount accepted in the auction ₹6,000 crore ₹12,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

Tenor 3-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,39,365 Amount allotted (in ₹ crore) 1,25,008 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.56 Partial Allotment Percentage of bids received at cut off rate (%) 21.51

(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 - -

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 24, 2024, Friday, as under: Sl. No.    Notified Amount (₹ crore)    Tenor (day)    Window Timing    Date of Reversal 1    1,25,000    3    11:00 AM to 11:30 AM    May 27, 2024 (Monday) 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.

In the underwriting auctions conducted on May 24, 2024, 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 Security  Notified Amount  Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten  ACU Commission Cut-off rate (paise per ₹100) New GS 2027 6,000 3,003 2,997 6,000 0.08 7.23% GS 2039 12,000 6,006 5,994 12,000 0.09 7.46% GS 2073 11,000 5,502 5,498 11,000 0.14  Auction for the sale of securities will be held on May 24, 2024. Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/362

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@  Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 526,063.00 6.66 3.00-6.95 I. Call Money 12,123.74 6.75 5.40-6.85 II. Triparty Repo 344,387.40 6.63 6.19-6.75 III. Market Repo 168,664.86 6.71 3.00-6.90 IV. Repo in Corporate Bond 887.00 6.90 6.90-6.95

The Reserve Bank of India issued Directions to Thodupuzha Urban Co-operative Bank Ltd, Kerala under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS), vide Directive No. CO.DOS.SED.No.S3361/12-07-005/2022-2023 dated August 23, 2022, from close of business on August 23, 2022, for a period of six months, which were extended from time to time, last being up to close of business on May 23, 2024, vide Directive No. DOR.MON.D-125/12.16.051/2023-24 dated February 14, 2024.

The Reserve Bank has today released data on Reserve Money for the week ended May 17, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period April 22 – April 26, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period April 15 – April 19, 2024. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 15-04-2024 4,818 1,504 1,812 453 263 188 15,854 12,892 1,690 7,728 3,420 765 16-04-2024 5,306 2,650 799 372 307 173 18,465 15,137 2,030 7,531 2,379 506 18-04-2024 7,246 1,008 839 487 622 612 18,336 15,372 1,813 9,419 3,061 628 19-04-2024 7,316 961 766 244 324 352 15,893 18,153 2,432 8,038 2,267 282 Sales 15-04-2024 6,561 2,877 592 456 379 188 14,137 14,284 1,215 7,595 3,340 765 16-04-2024 6,140 2,342 1,547 374 457 173 16,287 16,025 2,675 7,533 2,293 507 18-04-2024 6,338 3,241 483 492 606 630 16,729 16,789 2,862 9,467 3,038 632 19-04-2024 4,388 3,896 1,002 241 303 354 13,955 18,803 3,725 8,081 2,248 280

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period April 08 – April 12, 2024.

Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY  Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 04-02-2024 7,797 1,377 736 363 283 167 17,135 14,513 1,472 6,706 3,665 862 04-03-2024 4,539 2,140 852 298 114 78 20,387 20,960 2,141 6,937 2,663 159 04-04-2024 5,292 1,069 849 248 207 148 15,882 14,809 1,901 5,838 2,343 188 04-05-2024 7,268 960 955 284 226 138 18,683 16,947 1,811 6,332 2,433 372

The 608th meeting of the Central Board of Directors of Reserve Bank of India was held today at Mumbai under the Chairmanship of Shri Shaktikanta Das, Governor.  The Board reviewed the global and domestic economic scenario, including risks to the outlook. The Board also discussed the working of the Reserve Bank during the year April 2023 – March 2024 and approved the Reserve Bank’s Annual Report and Financial Statements for the year 2023-24. The transferable surplus for the year (2023-24) has been arrived at on the basis of the Economic Capital Framework (ECF) adopted by the Reserve Bank on August 26, 2019 as per recommendations of the Expert Committee to Review the extant Economic Capital Framework of the Reserve Bank of India (Chairman: Dr. Bimal Jalan). The Committee had recommended that the risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 6.5 to 5.5 per cent of the RBI’s balance sheet.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹4000 Crore ₹4000 Crore ₹4000 Crore II. Competitive Bids Received   (i)  Number 96 85 110 (ii) Amount ₹32087.930 Crore ₹11060.390 Crore ₹18336.740 Crore III. Cut-off price / Yield 98.3200 96.6208 93.4557 (YTM:6.8536%) (YTM:7.014%) (YTM:7.0218%) IV. Competitive Bids Accepted   (i)  Number 3 31 19 (ii) Amount ₹3969.202 Crore ₹3979.525 Crore ₹3977.928 Crore V. Partial Allotment Percentage of Competitive Bids 84.12% 16.54% 69.62% (1 Bid) (1 Bid) (1 Bid) VI. Weighted Average Price/Yield 98.3212 96.6281 93.4608 (WAY: 6.8486%) (WAY: 6.9983%) (WAY: 7.0160%)

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on May 24, 2024. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹4,000 Crore ₹4,000 Crore ₹4,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3200 (YTM: 6.8536%) 96.6208 (YTM: 7.0140%) 93.4557 (YTM: 7.0218%) IV. Total Face Value Accepted ₹4,000 Crore ₹4,000 Crore ₹4,000 Crore

Tenor 2-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 71,830 Amount allotted (in ₹ crore) 71,830 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.63 Partial Allotment Percentage of bids received at cut off rate (%) NA

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 22, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 2 11:30 AM to 12:00 Noon May 24, 2024 (Friday) 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.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 528,731.85 6.72 4.50-7.50 I. Call Money 13,262.43 6.76 5.10-6.85 II. Triparty Repo 351,544.90 6.72 6.50-6.80 III. Market Repo 162,818.52 6.72 4.50-7.00 IV. Repo in Corporate Bond 1,106.00 6.94 6.90-7.50 B. Term Segment I. Notice Money** 200.75 6.57 5.85-6.80 II. Term Money@@ 813.00 - 6.70-7.10

Today, the Reserve Bank released the May 2024 issue of its monthly Bulletin. The Bulletin includes three speeches, four articles, and current statistics. The four articles are: I. State of the Economy; II. Decentralised Finance: Implications for Financial System; III. Currency Swaps of the Reserve Bank of India: Role in the GFSN and Fostering International Financial Cooperation; IV. Consumer Confidence in India: A Regional Perspective.

The Reserve Bank of India (RBI) has, by an order dated May 14, 2024, imposed a monetary penalty of ₹2.50 lakh (Rupees Two Lakh Fifty Thousand only) on Noida Commercial Co-operative Bank Ltd., Ghaziabad, Uttar Pradesh (the bank) for contravention of the provisions of section 26 A (2) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms/ concerns in which they are interested’ and ‘Master Circular on Frauds- Classification and Reporting’. 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 BR Act.

The Reserve Bank of India (RBI) has, by an order dated May 14, 2024, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh Only) on The Bhadohi Urban Co-operative Bank Ltd., Bhadohi, Uttar Pradesh (the bank) for contravention of the provisions of section 26 A (2) read with section 56 of the Banking Regulation Act, 1949 (BR Act). 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 BR Act.

The Reserve Bank of India (RBI) has, by an order dated May 14, 2024, imposed a monetary penalty of ₹7.00 lakh (Rupees Seven lakh only) on The Urban Co-operative Bank Ltd., Budaun (the bank) for contravention of the provisions of section 26 A (2) read with section 56 of the Banking Regulation Act, 1949 (BR Act), for non-compliance with the specific directions issued by RBI under Supervisory Action Framework (SAF) and with the direction issued by RBI on ‘Investments by Primary (Urban) Co-operative Banks’. 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 BR Act.

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹22,000 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 May 27, 2024 (Monday) 8.20% GS 2025 (Maturing on Sep 24, 2025) 1,000 8.17% GS 2044 (Maturing on Dec 01, 2044) 8.20% GS 2025 (Maturing on Sep 24, 2025) 5,000 7.50% GS 2034 (Maturing on Aug 10, 2034) 7.59% GS 2026 (Maturing on Jan 11, 2026) 2,500 6.68% GS 2031 (Maturing on Sep 17, 2031) 7.27% GS 2026 (Maturing on Apr 08, 2026) 2,000 8.24% GS 2033 (Maturing on Nov 10, 2033) 6.99% GS 2026 (Maturing on Apr 17, 2026) 1,000 6.95% GS 2061 (Maturing on Dec 16, 2061) 8.24% GS 2027 (Maturing on Feb 15, 2027) 1,000 6.95% GS 2061 (Maturing on Dec 16, 2061) 7.38% GS 2027 (Maturing on Jun 20, 2027) 2,000 7.40% GS 2035 (Maturing on Sep 09, 2035) 7.38% GS 2027 (Maturing on Jun 20, 2027) 3,000 6.83% GS 2039 (Maturing on Jan 19, 2039) 7.38% GS 2027 (Maturing on Jun 20, 2027) 2,000 6.95% GS 2061 (Maturing on Dec 16, 2061) 8.26% GS 2027 (Maturing on Aug 02, 2027) 1,500 6.67% GS 2035 (Maturing on Dec 15, 2035) 8.26% GS 2027 (Maturing on Aug 02, 2027) 1,000 7.69% GS 2043 (Maturing on Jun 17, 2043) Total 22,000

The Reserve Bank of India, vide Directive: LKO.DOS.SED.No.S842/10-12-133/2022-23 dated February 23, 2023 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the HCBL Co-operative Bank Ltd., Lucknow (U.P) under Directions from the close of business on February 24, 2023. The validity of these Directions was extended time-to-time, last being up to May 24, 2024.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District vide Directive BLR.DOS.SSMS.No.S2174/12-08-295/2022-23 dated February 23, 2023 for a period of six months up to August 24, 2023, as modified from time to time, which were last extended up to close of business on May 24, 2024 vide Directive DOR.MON/D-127/12.23.292/2023-24 dated February 15, 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 May 24, 2024.

The result of the auction of State Government Securities held on May 21, 2024 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2041 ANDHRA PRADESH 2044 HARYANA 2034 JAMMU AND KASHMIR UT 2051 Notified Amount 1000 1000 1000 500 Tenure 17 20 10 27 Competitive Bids Received (i) No. 51 27 119 15 (ii) Amount 4335 4085 4342 2175 Cut off Yield (%) 7.40 7.38 7.42 7.38

I. SUMMARY RESULTS Aggregate amount (Face Value) notified by RBI ₹ 60,000.000 crore Total amount offered (Face Value) by participants ₹ 19,279.445 crore Total amount accepted (Face Value) by RBI ₹ 5,266.041 crore II. DETAILS OF EACH SECURITY

Tenor 3-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,97,142 Amount allotted (in ₹ crore) 1,25,002 Cut off Rate (%) 6.70 Weighted Average Rate (%) 6.72 Partial Allotment Percentage of bids received at cut off rate (%) 75.63

Sr. No. State / UT Amount to be raised (₹Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.40 17 1000 1000 7.38 20 2 Haryana 1000 1000 7.42 10 3 Jammu & Kashmir 500 500 7.38 27 4 Manipur 200 200 7.43 12 5 Rajasthan 750 750 7.42 08 750 750 7.41 10 Total 5200 5200 

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 21, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,25,000 3 01:15 PM to 01:45 PM May 24, 2024 (Friday) 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.

(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) 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) 11,075.82 6.68 5.50-6.81 I. Call Money 501.90 6.10 5.50-6.35 II. Triparty Repo 10,306.95 6.71 6.25-6.81 III. Market Repo 266.97 6.63 6.50-6.80 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 30.00 6.24 6.24-6.24 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) 10,933.05 6.57 5.75-7.00 I. Call Money 847.75 6.11 5.75-6.24 II. Triparty Repo 8,968.55 6.58 6.25-6.85 III. Market Repo 110.75 6.49 6.25-6.50 IV. Repo in Corporate Bond 1,006.00 6.93 6.89-7.00 B. Term Segment I. Notice Money** 10,940.00 6.73 5.40-6.85 II. Term Money@@ 150.00 - 6.85-6.95 III. Triparty Repo 322,020.60 6.72 6.50-6.80 IV. Market Repo 160,279.23 6.65 3.50-7.00 V. Repo in Corporate Bond 0.00 - -

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Uravakonda Co-operative Town Bank Ltd., Uravakonda (Anantapur District) vide Directive No. AP.DOS.INSP1.No.S89/03-02-097/2022-2023 dated February 23, 2023, for a period of six months up to the close of business on August 24, 2023 as modified from time to time, which was last extended up to the close of business on May 24, 2024 vide Directive DOR.MON/D-126/12.22.789/2023-24 dated February 15, 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 May 24, 2024.

In terms of GOI Notification F.No. 4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VIII-Issue date November 20, 2017) 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 May 18, 2024 (May 19 and 20 being Sunday and Holiday respectively).

Government of India (GOI) has announced the sale (issue/re-issue) of three dated securities for a notified amount of ₹29,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (Rs. crore) GoI specific Notification Auction Date Settlement Date 1 New GS 2027 May 27, 2027 6,000 F.No.4(3)-B(W&M)/2024 dated May 17, 2024 May 24, 2024 (Friday) May 27, 2024 (Monday) 2 7.23% GS 2039 Apr 15, 2039 12,000 3 7.46% GS 2073 Nov 06, 2073 11,000 Total 29,000 

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 4,000 May 22,2024 (Wednesday) May 24,2024 (Friday) 2 182 Days 4,000 3 364 Days 4,000 Total 12,000

The Reserve Bank today held a Conference in Mumbai for the Directors and MD/ CEOs of Asset Reconstruction Companies (ARCs). The conference was attended by over 80 participants representing all 27 ARCs. This event, with the theme ‘Governance in ARCs – Towards Effective Resolutions’, is a part of the series of supervisory engagements the Reserve Bank has been organising over the last one year with its Regulated Entities. As part of this series, the Conference for the Board of Directors and MD/ CEOs of Scheduled Commercial Banks and Urban Co-operative Banks were held earlier.

The Reserve Bank of India (RBI) has, by an order dated May 14, 2024 imposed a monetary penalty of ₹59,10,000 (Rupees Fifty Nine Lakh Ten Thousand only) on Karnataka Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’ and ‘Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) of the Banking Regulation Act, 1949

The Reserve Bank of India, in consultation with the Government of India, hereby, notifies the calendar for the issuance of Treasury Bills for the remaining period of Q1: 2024-25 as under:

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item    2023    2024    Variation May 12    May 3    May 10    Week    Year 1    2    3    4    5 4 Loans and Advances    4.1 Central Government    0    0    0    0    0 4.2 State Governments    12451    19755    11584    -8170    -866 * Data are provisional; difference, if any, is due to rounding off. 

Auction Results 7.10% GS 2034 7.34% GS 2064 I. Notified Amount ₹20,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹20,000 crore ₹11,000 crore III. Competitive Bids Received  (i)  Number 361 322 (ii) Amount ₹ 52959.953 Crore ₹ 33389.473 Crore IV. Cut-off price / Yield 100.37 101.95 (YTM:7.0458%) (YTM:7.1902%) V. Competitive Bids Accepted  (i)  Number 137 84

7.10% GS 2034 7.34% GS 2064 I. Notified Amount ₹20,000 crore ₹11,000 crore II. Cut off Price / Implicit Yield at cut-off 100.37/ 7.0458% 101.95/ 7.1902% III. Amount accepted in the auction ₹20,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Limited, Nashik, Maharashtravide Directive DCBS.CO.BSD-I/D-7/12.22.395/2017-18 dated May 18, 2018, for a period of six months up to November 18, 2018 as modified from time to time, which were last extended up to close of business on May 17, 2024 vide Directive DOR.MON.D-124/12.22.395/2023-24 dated February 14, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive beyond May 17, 2024.

Tenor 14-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,95,115 Amount allotted (in ₹ crore) 1,25,009 Cut off Rate (%) 6.65 Weighted Average Rate (%) 6.68 Partial Allotment Percentage of bids received at cut off rate (%) 61.43

In the underwriting auctions conducted on May 17, 2024, 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 Security  Notified Amount  Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten  ACU Commission Cut-off rate (paise per ₹100) 7.10% GS 2034 20,000 10,017 9,983 20,000 0.12 7.34% GS 2064 11,000 5,502 5,498 11,000 0.17

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@  Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 489,608.60 6.28 0.01-7.35 I. Call Money 12,716.71 6.48 4.75-6.65 II. Triparty Repo 303,732.00 6.25 6.10-6.36 III. Market Repo 172,199.89 6.31 0.01-7.35 IV. Repo in Corporate Bond 960.00 6.52 6.50-6.75