Press Releases

The fifty second meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during December 4 to 6, 2024.

The 612th meeting of the Central Board of Directors of the Reserve Bank of India was held today in Guwahati under the Chairmanship of Shri Sanjay Malhotra, Governor.

Auction Results New GS 2029 7.34% GS 2064 I. Notified Amount ₹14,000 crore ₹15,000 crore II. Underwriting Notified Amount ₹14,000 crore ₹15,000 crore III. Competitive Bids Received (i) Number 148 312 (ii) Amount ₹ 41417.000 Crore ₹ 39200.020 Crore IV. Cut-off price / Yield - 103.62 (YTM:6.75%) (YTM:7.0653%) V. Competitive Bids Accepted (i) Number 47 100 (ii) Amount ₹ 13988.940 Crore ₹ 14982.955 Crore VI. Partial Allotment Percentage of Competitive Bids 95.56% 99.73%

New GS 2029 7.34% GS 2064 I. Notified Amount ₹14,000 crore ₹15,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 6.75% 103.62/7.0653% III. Amount accepted in the auction ₹14,000 crore ₹15,000 crore IV. Devolvement on Primary Dealers NIL NIL

Tenor 7-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 2,00,795 Amount allotted (in ₹ crore) 1,50,004 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.57 Partial Allotment Percentage of bids received at cut off rate (%) 51.59

In the underwriting auction conducted on December 20, 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:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,85,390.11 6.57 0.01-6.90 I. Call Money 13,055.23 6.71 5.10-6.85 II. Triparty Repo 4,25,855.40 6.55 6.38-6.88 III. Market Repo 1,44,755.78 6.60 0.01-6.85 IV. Repo in Corporate Bond 1,723.70 6.81 6.80-6.90

The Reserve Bank of India (RBl) has, by an order dated December 12, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Guna Nagarik Sahakari Bank Maryadit, Guna, Madhya Pradesh (the bank), for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific direction issued by RBI on making contribution to the Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. 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 (RBl) has, by an order dated December 12, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Shri Vaibhav Lakshmi Mahila Nagrik Sahakari Bank Maryadit, Jhabua, Madhya Pradesh (the bank), for non-compliance with the  directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific direction issued by RBI on making contribution to the Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. 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 (RBl) has, by an order dated December 12, 2024, imposed a monetary penalty of ₹1.10 lakh (Rupees One Lakh Ten Thousand only) on Raj Rajeshwari Mahila Nagrik Sahakari Bank Maryadit, Shajapur (MP) (the bank), for non-compliance with certain direction issued by RBI on ‘Priority Sector Lending (PSL) - Targets and classification’, and specific directions issued by RBI on making contribution to the Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. 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.