Press Releases

Security 7.04% GS 2029 7.17% GS 2030 7.26% GS 2032 7.26% GS 2033 7.50% GS 2034 7.18% GS 2037 Total amount notified Aggregate amount of ₹50,000 crore (no security-wise notified amount) Total amount (face value) accepted by RBI (₹ in crore) 1,795 5,000 4,499 13,635 5,646 13,966 Cut off yield (%) 6.5160 6.5819 6.6353 6.6672 6.6902 6.7732 Cut off price (₹) 101.88 102.49 103.60 103.57 105.56 103.35

Tenor 1-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 95,653 Amount allotted (in ₹ crore) 95,653 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.27 Partial Allotment Percentage of bids 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) 5,95,535.92 6.33 5.15-6.70 I. Call Money 17,773.82 6.31 5.15-6.50 II. Triparty Repo 4,10,927.65 6.31 6.11-6.55 III. Market Repo 1,64,847.55 6.37 5.50-6.70 IV. Repo in Corporate Bond 1,986.90 6.52 6.50-6.70

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹74,655 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1. Andhra Pradesh 400 08 Yield 1148 10 Yield 1000 11 Yield 2000 12 Yield

Reserve Bank of India has issued the revised guidelines on Priority Sector Lending (PSL) today after a comprehensive review of existing provisions taking into account feedback from stakeholders. The new guidelines which come into effect from April 01, 2025, include the following major changes:

The Financial Sector Assessment Program (FSAP), a joint program of the International Monetary Fund (IMF) and the World Bank (WB), undertakes a comprehensive and in-depth analysis of a country’s financial sector. Since September 2010 the exercise has become mandatory for jurisdictions with systemically important financial sectors. Currently, it is mandatory for 32 jurisdictions including India, every five years, and for another 15 jurisdictions every ten years. Last FSAP for India was conducted in 2017 and the Financial System Stability Assessment (FSSA) report was published by IMF on 21st December, 2017.

In exercise of powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934 (the Act), the Reserve Bank of India by its order dated March 24, 2025 has cancelled the Certificate of Registration No. B-03.00016 dated February 20, 1998 issued to M/s. Unitara Finance Limited, CIN No. U65921MP1994PLC008248, having its Registered Office at 70, Transport Nagar Indore, Madhya Pradesh- 452001 for carrying on the business of a Non-Banking Financial Institution as defined in section 45-I(a) of the Act. The company therefore cannot carry on the business of a Non-Banking Financial Institution under the Act.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

Today, the Reserve Bank conducted a USD/INR Buy/Sell swap auction for a notified amount of USD 10 billion as announced vide press release dated March 10, 2025. I. Summary Results Aggregate amount notified (USD Billion) 10.00 Total amount bid by participants (USD Billion) 22.28 Total amount accepted (USD Billion) 10.04 Cut-off premium (in paisa) 586.00

(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) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - -

Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 66,215 Amount allotted (in ₹ crore) 66,215 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids 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) 5,71,400.25 6.33 5.15-6.65 I. Call Money 16,518.82 6.33 5.15-6.50 II. Triparty Repo 3,90,123.95 6.30 6.00-6.65 III. Market Repo 1,62,325.58 6.39 5.50-6.50 IV. Repo in Corporate Bond 2,431.90 6.63 6.60-6.65

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹56,621 Crore (Face Value). Sr. No. State Amount to be raised (₹Crore) Tenure (Year) Type of Auction 1. Assam 500 05 years and 06 months Yield 1000 20 Yield 2. Chhattisgarh 1000 Re-issue of 7.29% Chhattisgarh SGS 2030, issued on June 07, 2023 Price 1000 Re-issue of 7.03% Chhattisgarh SGS 2030, issued on September 25, 2024 Price 1000 Re-issue of 7.38% Chhattisgarh SGS 2032, issued on March 13, 2024 Price 3. Gujarat 1500 03 years and 06 months Yield 1500 08 Yield 4. Haryana 2000 10 Yield 2000 12 Yield

The Reserve Bank of India has imposed a monetary penalty of ₹36,30,000/- (Rupees Thirty-Six Lakhs Thirty Thousand only) on IDBI Bank Limited in exercise of powers vested in the Reserve Bank under the provisions of Section 11(3) of FEMA, 1999, for not undertaking due diligence while processing the inward remittances from a Foreign Currency Account opened by a constituent, resulting in contravention of Section 10 (4) of FEMA, 1999.

The Reserve Bank of India has imposed a monetary penalty of ₹36,28,000/- (Rupees Thirty-Six Lakhs Twenty Eight Thousand only) on Citibank N.A. in exercise of powers vested in the Reserve Bank under the provisions of Section 11(3) of FEMA, 1999, for contravention of the directions issued by the Reserve Bank of India related to reporting of transactions undertaken under the Liberalized Remittance Scheme.

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 14,000 March 26, 2025 (Wednesday) March 27, 2025 (Thursday) 2 182 Days 12,000

The rate of interest on Government of India Floating Rate Bond 2033 (GOI FRB 2033) applicable for the half year March 22, 2025 to September 21, 2025 shall be 7.81 percent per annum

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Mar. 15 Mar. 7 Mar. 14 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 - 0 - 4.2 State Governments 19929 39684 23828 -15856 3899 * Data are provisional; difference, if any, is due to rounding off.

The 614th meeting of the Central Board of Directors of Reserve Bank of India was held today in Thiruvananthapuram under the Chairmanship of Shri Sanjay Malhotra, Governor. The Board assessed the emerging global and domestic economic landscape, including the evolving geopolitical and financial market developments and associated challenges. Further, the Board discussed the Reserve Bank’s activities during the current accounting year 2024-25. The Board also approved the Bank’s budget for the accounting year 2025-26.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs)    ALL SCHEDULED BANKS 08-Mar-2024    21-Feb-2025*    07-Mar-2025*    08-Mar-2024    21-Feb-2025*    07-Mar-2025* I    LIABILITIES TO THE BKG.SYSTEM (A)    a) Demand & Time deposits from banks    293601.63    272677.28    284322.07    297409.87    279042.72    289252.63** b) Borrowings from banks    180434.60    112778.14    113375.74    181080.82    112884.38 

Tenor 5-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 46,204 Amount allotted (in ₹ crore) 46,204 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids received at cut off rate (%) NA

Tenor 3-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 96,581 Amount allotted (in ₹ crore) 96,581 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids 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) 5,42,442.39 6.26 5.00-6.70 I. Call Money 17,169.61 6.36 5.15-6.50 II. Triparty Repo 3,51,382.05 6.16 5.90-6.34 III. Market Repo 1,71,771.83 6.46 5.00-6.65 IV. Repo in Corporate Bond 2,118.90 6.65 6.60-6.70

The Reserve Bank of India (RBI) has, by an order dated March 18, 2025, imposed a monetary penalty of ₹1.20 lakh (Rupees One Lakh Twenty Thousand only) on Sreenivasa Padmavathi Co-operative Urban Bank Ltd., Telangana (the bank) for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to 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 (RBI) has, by an order dated March 18, 2025, imposed a monetary penalty of ₹1.30 lakh (Rupees One Lakh Thirty Thousand only) on Sind Co-operative Urban Bank Ltd., Telangana (the bank) for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to 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 (RBI) has, by an order dated March 18, 2025, imposed a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on The Karnataka Co-operative Bank Ltd., Muddebihal, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to 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 (RBI) has, by an order dated March 18, 2025, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on The Karimnagar Co-operative Urban Bank Ltd., Telangana (the bank) for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to 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 bank was directed by RBI through specific direction to deposit a certain amount in the MSE Refinance Fund administered by Small Industries Development Bank of India (SIDBI) against the shortfall in achievement of PSL target for the Financial Year (FY) 2022-23. On failure to deposit the specified amount, a cautionary letter was issued by RBI advising the bank to deposit the specified amount, but the bank failed to deposit the same. Based on the above-mentioned non-compliance and related correspondence in that

The Reserve Bank of India (RBI) has, by an order dated March 18, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Karaikudi Co-operative Town Bank Ltd., Tamil Nadu (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a 5-day Variable Rate Repo (VRR) auction on March 21, 2025. It has been decided not to conduct the 14-day main operation for the ensuing fortnight. The details of the 5-day VRR operation are as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 5 11:00 AM to 11:30 AM March 26, 2025 (Wednesday) 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 has today released data on Money Supply for the fortnight ended March 07, 2025.

Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 1,24,009 Amount allotted (in ₹ crore) 1,24,009 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids 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) 5,55,965.16 6.31 5.15-6.75 I. Call Money 18,500.02 6.37 5.15-6.50 II. Triparty Repo 3,53,387.05 6.20 5.70-6.39 III. Market Repo 1,81,673.09 6.50 5.85-6.65 IV. Repo in Corporate Bond 2,405.00 6.64 6.60-6.75

The Reserve Bank of India (RBI) has appointed Shri Indranil Bhattacharyya as Executive Director (ED) with effect from March 19, 2025. Prior to his promotion as ED, Shri Bhattacharyya was serving as Adviser in the Monetary Policy Department of the Bank.

Today, the Reserve Bank released the March 2025 issue of its monthly Bulletin. The Bulletin includes four speeches, five articles and current statistics. The five articles are: I. State of the Economy; II. Spatial Distribution of Monsoon and Agricultural Production; III. Changing Dynamics of India’s Remittances – Insights from the Sixth Round of India’s Remittances Survey; IV. Decoupling Economic Growth from Emissions: A LMDI Decomposition Analysis; and V. Market Access and IMF Arrangements: Evidence from Across the Globe.

The Reserve Bank has today released data on Reserve Money for the week ended March 14, 2025.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The Governor, Reserve Bank of India today held a meeting with the Chairmen, Managing Director & Chief Executive Officers of select Urban Cooperative Banks (UCBs) across all Tiers operating in different parts of the country. The representatives from industry bodies viz., National Urban Cooperative Finance and Development Corporation Limited (NUCFDC) and National Federation of Urban Co-operative Banks & Credit Societies Limited (NAFCUB) also participated in the meeting. The meeting was a part of the Reserve Bank's series of engagement with its Regulated Entities.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹14,000 Crore ₹12,000 Crore ₹7,000 Crore II. Competitive Bids Received (i) Number 93 93 125 (ii) Amount ₹29487.790 Crore ₹28823.700 Crore ₹33136.150 Crore III. Cut-off price / Yield 98.4041 96.8102 93.8775 (YTM:6.5050%) (YTM:6.6079%) (YTM:6.5397%)

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹14,000 Crore ₹12,000 Crore ₹7,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.4041 (YTM:6.5050%) 96.8102 (YTM: 6.6079%) 93.8775 (YTM: 6.5397%) IV. Total Face Value Accepted ₹14,000 Crore ₹12,000 Crore ₹7,000 Crore

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 39,138 Amount allotted (in ₹ crore) 39,138 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.27 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 second Variable Rate Repo (VRR) auction on March 19, 2025, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 11:30 AM to 12:00 Noon March 20, 2025 (Thursday)

Tenor 1-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 1,48,687 Amount allotted (in ₹ crore) 1,00,024 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.28 Partial Allotment Percentage of bids received at cut off rate (%) 0.22

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,91,889.07 6.37 5.15-6.70 I. Call Money 19,571.59 6.33 5.15-6.50 II. Triparty Repo 3,95,087.15 6.34 6.20-6.70 III. Market Repo 1,75,111.43 6.45 5.75-6.65 IV. Repo in Corporate Bond 2,118.90 6.53 6.50-6.60

On a review of current and evolving liquidity conditions, the Reserve Bank has decided to conduct OMO purchase auction of Government of India securities for an aggregate amount of ₹50,000 crore to be held on March 25, 2025 (Tuesday).

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The result of the auction of State Government Securities held on March 18, 2025, is as under: (Amount in ₹ Crore) CHHATTISGARH 2032 CHHATTISGARH 2033 CHHATTISGARH 2034 JHARKHAND 2028 Notified Amount 1000 2000 2000 1500 Tenure 07 years and 06 months 08 years and 06 months 09 years and 06 months 3 Competitive Bids Received (i) No. 55 65 79 21 (ii) Amount 6815 9170 13095 4590 Cut off Price (₹)/ Yield (%) 7.14 7.16 7.16 6.92 Competitive Bids Accepted (i) No. 4 7 7 6 (ii) Amount 999.989 1968.287 1824.375 1499.976 Partial Allotment Percentage of Competitive Bids (i) Percentage 72.73 58.40 34.29 32.89 (ii) No. (2 bids) (3 bids) (4 bids) (2 bids) Non - Competitive Bids Received (i) No. 1 5 10 2 (ii) Amount 0.011 31.713 175.625 0.024 Non-Competitive Price (₹) 100.02 100.03 100.02 100.07 Non-Competitive Bids Accepted

I. SUMMARY OMO PURCHASE RESULTS Aggregate Amount (Face value) notified by RBI : ₹50,000 crore Total amount offered (Face value) by participants : ₹1,01,114 crore Total amount accepted (Face value) by RBI : ₹50,000 crore II. DETAILS OF OMO PURCHASE ISSUE Security 7.10% GS 2029 7.26% GS 2032 7.26% GS 2033 7.73% GS 2034 7.40% GS 2035 7.41% GS 2036 No. of offers received 40 56 80 21 41 26 Total amount (face value) offered (₹ in crore) 16,217 17,082 28,147 17,705 13,214 8,749