Press Releases

Auction Results New GS 2031 7.23% GS 2039 7.34% GS 2064 I. Notified Amount ₹11,000 crore ₹12,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹11,000 crore ₹12,000 crore ₹11,000 crore III. Competitive Bids Received (i) Number 181 181 240 (ii) Amount ₹ 35814.500 Crore ₹ 22816.500 Crore ₹ 30102.569 Crore

New GS 2031 7.23% GS 2039 7.34% GS 2064 I. Notified Amount ₹11,000 crore ₹12,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 7.02% 101.77/ 7.0343% 102.92/ 7.1175% III. Amount accepted in the auction ₹11,000 crore ₹12,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

In terms of GOI Notification F.No. 4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series XII -Issue date December 18, 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 on June 18, 2024.

Tenor 14-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 1,35,514 Amount allotted (in ₹ crore) 75,001 Cut off Rate (%) 6.59 Weighted Average Rate (%) 6.62 Partial Allotment Percentage of bids received at cut off rate (%) 12.99

In the underwriting auctions conducted on June 14, 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 2031 11,000 5502 5498 11,000 0.08 7.23% GS 2039 12,000 6006 5994 12,000 0.09 7.34% GS 2064 11,000 5502 5498 11,000 0.12 Auction for the sale of securities will be held on June 14, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 550,225.40 6.42 1.00-7.55 I. Call Money 11,242.86 6.48 5.40-6.58 II. Triparty Repo 374,826.25 6.42 6.25-6.75 III. Market Repo 163,301.29 6.41 1.00-6.75 IV. Repo in Corporate Bond 855.00 6.67 6.60-7.55

The Reserve Bank of India (RBI) has, by an order dated May 28, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Gujarat Ambuja Co-operative Bank Ltd., Ahmedabad, Gujarat (the bank) for non-compliance with the directions issued by RBI on 'Loans and Advances to directors, relatives and firms/concerns in which they are Interested' read with 'Loans and Advances to directors etc. - directors as surety/guarantors – Clarification'. 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 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.

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)

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 ).

(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

The Reserve Bank of India, vide directive CO.DOS.SED.No.S1918/12-22-283/2023-2024 dated June 13, 2023, had placed Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi under Directions for a period of six months from the close of business on June 14, 2023. The validity of the directions was extended from time-to-time, the last being up to June 14, 2024.

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No.S1932/12-23-065/2024-2025 dated June 12, 2024, has issued certain Directions to The Karwar Urban Co-operative Bank Ltd., Karwar, (the bank) whereby, as from the close of business on June 12, 2024, the bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in the said RBI Direction dated June 12, 2024. Considering the bank's present liquidity position, the bank has been directed not to allow withdrawal of any amount   from  savings bank,  current accounts or any other account of a depositor, but set off of loans against deposits is allowed, subject to the conditions stated in the above RBI Directions. The bank may incur expenditure in respect of certain essential items such as salaries of employees, rent, electricity bills, etc. as specified in the said Directions.

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No.S1931/12-23-001/2024-2025 dated June 12, 2024, has issued certain Directions to The Amanath Urban Co-operative Bank Ltd., Karwar, (the bank) whereby, as from the close of business on June 12, 2024, the bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in the RBI Direction dated June 12, 2024. In particular, a sum not exceeding ₹60,000 (Rupees Sixty thousand only) of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn subject to the conditions stated in the above RBI Directions. The bank may incur expenditure in respect of certain essential items such as salaries of employees, rent, electricity bills, etc. as specified in the said Directions.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹4000 Crore ₹4000 Crore ₹4000 Crore II. Competitive Bids Received (i) Number 88 119 137 (ii) Amount ₹ 17221.280 Crore ₹ 20217.000 Crore ₹ 24630.125 Crore

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 98.3240 (YTM: 6.8370%) 96.6308 (YTM: 6.9925%) 93.4650 (YTM: 7.0111%) IV. Total Face Value Accepted ₹4,000 Crore ₹4,000 Crore ₹4,000 Crore

The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of May 2024.

The Reserve Bank has today released data on Reserve Money for the week ended June 07, 2024 and Money Supply for the fortnight ended May 31, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,67,983.84 6.44 2.00-6.70 I. Call Money 10,847.61 6.52 5.40-6.65 II. Triparty Repo 3,84,524.85 6.45 6.15-6.50 III. Market Repo 1,71,473.38 6.43 2.00-6.60 IV. Repo in Corporate Bond 1,138.00 6.67 6.65-6.70

The result of the auction of State Government Securities held on June 11, 2024 is as under: (Amount in ₹Crore) ANDHRA PRADESH 2039* ANDHRA PRADESH 2043* ANDHRA PRADESH 2045* HARYANA 2034 Notified Amount 500 500 1000 1000 Tenure 15 19 21 10 Competitive Bids Received (i) No. 48 29 23 88 (ii) Amount 3925 2540.5 4220 6055 Cut off Yield (%) - - - 7.38 Competitive Bids Accepted (i) No. - - - 5 (ii) Amount - - - 909.022

Sr. No. State / UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1. Andhra Pradesh* 500 - - 15 500 - - 19 1000 - - 21

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Dist. Vaishali vide Directive No. DoS(Patna).Co-op.Bk./No.S50/04.01.009/2023-24 dated June 13, 2023, for a period of six months up to close of business on December 14, 2023, as modified from time to time, which were last extended up to close of business on June 14, 2024 vide Directive DOR.MON/D-140/12.28.207/2023-24 dated March 12, 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 close of business on June 14, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,69,717.26 6.44 1.00-6.75 I. Call Money 11,175.01 6.51 5.40-6.60 II. Triparty Repo 3,80,669.15 6.44 6.25-6.65 III. Market Repo 1,76,745.10 6.43 1.00-6.75 IV. Repo in Corporate Bond 1,128.00 6.66 6.65-6.70

The Reserve Bank of India (RBI) has, by an order dated June 05, 2024, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-five thousand only) on Vishwakalyan Sahakara Bank Niyamit, Hubli, Karnataka (the bank) for non-compliance with certain directions issued by RBI 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 05, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Prakasam District Co-operative Central Bank Ltd, Ongole, Andhra Pradesh (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 (GOI) has announced the sale (issue/re-issue) of three dated securities for a notified amount of ₹34,000 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 2031 Jun 18, 2031 11,000 F.No.4(3)-B(W&M)/2024 dated June 10, 2024 June 14, 2024 (Friday) June 18, 2024 (Tuesday) 2 7.23% GS 2039 Apr 15, 2039 12,000 3 7.34% GS 2064 Apr 22, 2064 11,000 Total 34,000

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8241/12-22-316/2022-2023 dated March 09, 2023, had placed Defence Accounts Cooperative Bank ltd, Pune under Directions from the close of business on March 10, 2023.

The Reserve Bank of India, vide directive CO.DOS.SED.No.S1917/12.22.212/2023-24 dated June 13, 2023, had placed The Rajapur Sahakari Bank Ltd, Mumbai under Directions for a period of six months from the close of business on June 14, 2023 till close of business on December 14, 2023. The validity of the directions was extended from time-to-time, the last being up to June 14, 2024.

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, had placed Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra under Directions from the close of business on March 10, 2023, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to June 10, 2024

The Reserve Bank of India (RBI) has, by an order dated June 03, 2024, imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on India Home Loan Limited (the company) for non-compliance with certain provisions of ‘The Housing Finance Companies (NHB) Directions,2010’ issued by the National Housing Bank (NHB) read with Master Direction on ‘Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause (b) of sub-section (1) of Section 52A read with clause (aa) of sub-section (3) of Section 49 of the National Housing Bank Act, 1987.

The Reserve Bank of India (RBI) has, by an order dated June 03, 2024, imposed a monetary penalty of ₹1,00,000/- (Rupees One Lakh only) on The Angul United Central Co-operative Bank Ltd., Odisha (the bank) for non-compliance with the Master Direction issued by RBI on ‘Know your Customer (KYC) Direction, 2016’. 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) and 56 of the Banking Regulation Act, 1949.

In terms of GOI Notification F.No. 4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series XI-Issue date December 11, 2017) and in terms of GOI Notification F.No.4(7) – B(W&M)/2019 dated May 30, 2019 (SGB 2019-20 Series I-Issue date June 11, 2019) 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 tranches shall be on June 11, 2024.

(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) 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) 5,83,905.04 6.41 1.25-6.70 I. Call Money  12,678.47 6.52 5.40-6.60 II. Triparty Repo 3,98,377.00 6.40 6.15-6.50 III. Market Repo  1,72,106.57 6.40 1.25-6.62 IV. Repo in Corporate Bond 743.00 6.66 6.65-6.70

Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months, subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated March 07, 2024, for three months up to close of business June 09, 2024, subject to review

The Reserve Bank of India has sanctioned the Scheme of Amalgamation of The Yadagiri Lakshmi Narasimha Swamy Co-operative Urban Bank Ltd., Yadadri Bhuvanagiri, Telangana with The Gayatri Co-operative Urban Bank Ltd., Jagtial, Telangana. The Scheme has been sanctioned in exercise of the powers conferred under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The Scheme will come into force with effect from June 10, 2024. The branches of The Yadagiri Lakshmi Narasimha Swamy Co-operative Urban Bank Ltd., Yadadri Bhuvanagiri (Telangana) will function as branches of The Gayatri Co-operative Urban Bank Ltd., Jagtial (Telangana) with effect from June 10, 2024.

Reserve Bank is organising its third global hackathon – ‘HaRBInger 2024 – Innovation for Transformation’. The Hackathon invites participants to develop solutions using technology and innovative approaches under the following themes and problem statements:

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹ 7,750 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹Crore) Additional Borrowing (Greenshoe) Option (₹Crore) Tenure (Year) Type of Auction 1 Andhra Pradesh 500 - 15 Yield 500 - 19 Yield 1000 - 21 Yield 2 Haryana 1000 - 10 Yield 3 Jammu and Kashmir 500 - 25 Yield

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 June 12, 2024 (Wednesday) June 13, 2024 (Thursday) 2 182 Days 4,000 3 364 Days 4,000 Total 12,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount.  Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).

The Reserve Bank of India today released on its website the results of the following Surveys: i) Consumer Confidence Survey (CCS) – May 2024 ii) Inflation Expectations Survey of Households (IESH) – May 2024 iii) Survey of Professional Forecasters on Macroeconomic Indicators – Round 88th The Survey results are based on the feedback received from the respondents to the Surveys and do not necessarily reflect the views of the Reserve Bank of India

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Jun 2 May 24 May 31 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 16049 18822 10723 -8099 -5325 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 7.10% GS 2034 7.30% GS 2053 I. Notified Amount ₹20,000 crore ₹9,000 crore II. Underwriting Notified Amount ₹20,000 crore ₹9,000 crore III. Competitive Bids Received  (i)  Number 338 259 (ii) Amount ₹49,274 Crore ₹27,845 Crore IV. Cut-off price / Yield 100.54 101.96 (YTM:7.0210%) (YTM: 7.1388%) V. Competitive Bids Accepted  (i)  Number 169 68 (ii) Amount ₹19,993.441 Crore ₹8,992.564 Crore

7.10% GS 2034 7.30% GS 2053 I. Notified Amount ₹20,000 crore ₹9,000 crore II. Cut off Price / Implicit Yield at cut-off 100.54 / 7.0210% 101.96 / 7.1388% III. Amount accepted in the auction ₹20,000 crore ₹9,000 crore IV. Devolvement on Primary Dealers NIL NIL