Press Releases

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹9,500 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenure (Year) Type of Auction 1 Gujarat 2000 - 03 Yield 2 Haryana 1500 - 10 Yield 3 Jammu and Kashmir 500 - 27 Yield 4 Punjab 1500 - 09 Yield 5 Rajasthan 2000 - 09 Yield 6 Telangana 1000 - 12 Yield 1000 - 14 Yield

The Reserve Bank of India (RBI) has, by an order dated June 07, 2024, imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh only) on Nandani Sahakari Bank Ltd., Kolhapur (the bank) for non-compliance with directions issued by RBI on ‘Gold Loan – Bullet Repayment – UCBs’ and ‘Management of Advances – UCBs‘. This penalty has been imposed in exercise of powers vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

Today, the Reserve Bank released data on the performance of the private corporate sector during the fourth quarter of 2023-24 drawn from abridged quarterly financial results of 2,823 listed non-government non-financial companies. These also include comparable data for Q4:2022-23 and Q3:2023-24 to enable study of sequential (q-o-q) and annual (y-o-y) changes (web-link https://cimsdbie.rbi.org.in ).

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on June 14, 2024, Friday, as under : Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 14 10:30 AM to 11:00 AM June 28, 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.

The Reserve Bank of India (RBI) has, by an order dated June 11, 2024, imposed a monetary penalty of ₹75,000/- (Rupees Seventy Five Thousand only) on Ramanagaram Urban Co-operative Bank Limited, Karnataka (the bank) for non-compliance with certain provisions of RBI directions on ‘Exposure Norms & Statutory/Other Restrictions-UCBs’. 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.

The Reserve Bank of India (RBI) has, by an order dated June 11, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Kancheepuram Central Co-operative Bank Ltd., Kancheepuram, Tamil Nadu (the bank) for non-compliance with the directions issued by the National Bank for Agriculture and Rural Development (NABARD) on ‘Frauds - Guidelines for Classification, Reporting and Monitoring’. 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.

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

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 April 2024.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 2-Jun-23 17-MAY-2024 * 31-MAY-2024 * 2-Jun-23 17-MAY-2024 * 31-MAY-2024 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 249775.87 289665.6 283876.16 252304.65 293548.32 287722.30 ** b) Borrowings from banks 34758.63 162652.29 162542.44 34820.26 162655.65 162582.13 c) Other demand & time liabilities 60062.35 74638.61 76467.45 60726.23 74865.41 76890.82 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 18703434.6 20814780.09 (20715332.31) 21087595.54 (20992416.71) 19143125.25 21273554.73 (21174106.95) 21545011.17 (21449832.34)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 550,003.96 6.43 3.00-6.70 I. Call Money 11,680.88 6.52 5.40-6.60 II. Triparty Repo 376,105.60 6.43 6.25-6.65 III. Market Repo 161,339.48 6.43 3.00-6.62 IV. Repo in Corporate Bond 878.00 6.65 6.65-6.70