Press Releases

The Reserve Bank of India (RBI) has, by an order dated October 29, 2024, imposed a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Shree Mahabaleshwar Co-operative Bank Ltd., Karnataka (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’. 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.

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 08, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 10:00 AM to 10:30 AM November 11, 2024 (Monday)

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 51,230 Amount accepted (in ₹ crore) 51,230 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on November 08, 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

On a review of the current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Reverse Repo (VRRR) auction on November 07, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 11:30 AM to 12:00 Noon November 08, 2024 (Friday) 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.

Tenor 4-day Notified Amount (in ₹ crore) 1,75,000 Total amount of offers received (in ₹ crore) 1,03,355 Amount accepted (in ₹ crore) 1,03,355 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) 538,661.37 6.23 4.00-6.60 I. Call Money 9,289.46 6.34 5.10-6.40 II. Triparty Repo 380,224.25 6.22 6.10-6.31 III. Market Repo 147,464.45 6.23 4.00-6.60 IV. Repo in Corporate Bond 1,683.21 6.41 6.38-6.50

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 07, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,75,000 4 10:00 AM to 10:30 AM November 11, 2024 (Monday) 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 has today released data on Reserve Money for the week ended November 01, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹7000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 98 77 78 (ii) Amount ₹ 30332.160 Crore ₹ 15931.500 Crore ₹ 25665.500 Crore III. Cut-off price / Yield 98.4189 96.8008 93.8253 (YTM: 6.4437%) (YTM: 6.6280%) (YTM: 6.5991%)