Press Releases

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 Reserve Bank has today released data on Reserve Money for the week ended February 28, 2025 and Money Supply for the fortnight ended February 21, 2025.

The Reserve Bank of India (RBI) has appointed Dr. Ajit Ratnakar Joshi as Executive Director (ED) with effect from March 03, 2025.

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 113 86 85 (ii) Amount ₹31323.710 Crore ₹30736.500 Crore ₹21815.150 Crore III. Cut-off price / Yield 98.4078 96.8106 93.8500 (YTM:6.4896%) (YTM:6.6070%) (YTM:6.5710%)

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 98.4078 (YTM: 6.4896%) 96.8106 (YTM: 6.6070%) 93.8500 (YTM: 6.5710%) IV. Total Face Value Accepted ₹14,000 Crore ₹12,000 Crore ₹7,000 Crore

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 5,089 Amount allotted (in ₹ crore) 5,089 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,66,314.76 5.97 4.99-6.50 I. Call Money 13,610.28 6.27 5.15-6.40 II. Triparty Repo 3,82,192.65 5.93 5.65-6.18 III. Market Repo 1,68,859.58 6.05 4.99-6.50 IV. Repo in Corporate Bond 1,652.25 6.29 6.25-6.50

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 04, 2025, is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2034 ANDHRA PRADESH 2035 ANDHRA PRADESH 2036 ASSAM 2035 Notified Amount 1000 1000 1600 900 Tenure 9 10 11 10 Competitive Bids Received (i) No. 38 39 49 21 (ii) Amount 3151 5020 3685 1430

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.22 09 1000 1000 7.22 10 1600 1600 7.28 11 2 Assam 900 900 7.34 10

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 5,855 Amount allotted (in ₹ crore) 5,855 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.27 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,77,489.16 6.11 5.15-6.75 I. Call Money 12,742.85 6.32 5.15-6.45 II. Triparty Repo 3,90,173.80 6.04 5.25-6.28 III. Market Repo 1,72,735.61 6.23 5.70-6.75 IV. Repo in Corporate Bond 1,836.90 6.42 6.35-6.50

The Reserve Bank of India (RBI) has, by an  order dated February 27, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees  One Lakh only) on The Magadh Central Co-operative Bank Limited, Bihar (the  bank) for non-compliance with certain directions issued by RBI

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 29th Meeting of the Standing Advisory Committee (SAC) to review the flow of credit to Micro, Small and Medium Enterprises (MSME) sector was held in Ahmedabad, on March 3, 2025, under the chairmanship of Shri Swaminathan J, Deputy Governor, Reserve Bank of India. The meeting was attended by Executive Director, RBI, Senior Officials from Ministry of MSME and Department of Financial Services, Ministry of Finance, Government of India; Chairman, SIDBI, Senior Management of major banks and NABARD, senior executives of Credit Guarantee Fund Trust for Micro and Small Enterprises, National Credit Guarantee Trustee Company Limited, Khadi & Village Industries Commission, Indian Banks’ Association, Finance Industry Development Council and MSME Associations.

(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 - -

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 20,058.59 5.99 3.50-6.45 I. Call Money 965.50 5.91 5.70-6.45 II. Triparty Repo 18,439.75 6.05 5.90-6.32 III. Market Repo 653.34 4.53 3.50-5.75 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 16,557 Amount allotted (in ₹ crore) 16,557 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.27 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,261.85 6.33 5.25-6.80 I. Call Money 1,111.65 6.18 5.25-6.40 II. Triparty Repo 3,591.00 6.34 5.85-6.80 III. Market Repo 0.00 - - IV. Repo in Corporate Bond 1,559.20 6.41 6.40-6.45

The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on February 03, 2025. 2. The facility for deposit and / or exchange of the ₹2000 banknotes was available at all bank branches in the country upto October 07, 2023.

The value of exports and imports of services during January 2025 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) October – 2024 34,309 (22.3) 17,215 (27.9) November – 2024 32,014 (13.9) 17,229 (26.0)

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹50,500 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹Crore) Tenure (Year) Type of Auction 1 Andhra Pradesh 1000 09 Yield 1000 10 Yield 1600 11 Yield 2 Assam 900 10 Yield 3 Chhattisgarh 1000 09 Yield 2000 10 Yield 2000 12 Yield 4 Gujarat 500 05 Yield

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of February 2025 are set out in Tables 1 to 7.

The Reserve Bank of India (RBI) has, by an order dated February 24, 2025, imposed a monetary penalty of ₹33.10 lakh (Rupees Thirty Three Lakh Ten Thousand only) on IIFL Samasta Finance Limited (the company) for non-compliance with certain provisions of the 'Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 ' and 'Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016 '

The Reserve Bank of India (RBI) has, by an order dated February 24, 2025, imposed a monetary penalty of ₹66.60 lakh (Rupees Sixty Six Lakh Sixty Thousand only) on The Hongkong and Shanghai Banking Corporation Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer ’, ‘Reporting of Information on Unhedged Foreign Currency Exposures of the Borrowers to Credit Information Companies’ and ‘Interest Rates on Deposits’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section

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 05, 2025 (Wednesday) March 06, 2025 (Thursday) 2 182 Days 12,000 3 364 Days 7,000 Total 33,000

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 Feb. 23 Feb. 14 Feb. 21 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 14809 25646 22112 -3534 7303 * Data are provisional; difference, if any, is due to rounding off.

Data on sectoral deployment of bank credit for the month of January 2025 collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit as on the fortnight ended January 24, 2025 grew at 12.5 per cent (a three-month high) as compared to 16.2 per cent for the corresponding fortnight of the previous year (January 26, 2024).

Auction Results 6.79% GS 2031 6.92% GS 2039 7.09% GS 2054 I. Notified Amount ₹10,000 crore ₹12,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹10,000 crore ₹12,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 134 188 237 (ii) Amount ₹23824.000 Crore ₹32585.000 Crore ₹25094.276 Crore IV. Cut-off price / Yield 100.27 100.12 99.35 (YTM:6.7376%) (YTM:6.9053%) (YTM:7.1425%)

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 February 21, 2025.

6.79% GS 2031 6.92% GS 2039 7.09% GS 2054 I. Notified Amount ₹10,000 crore ₹12,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.27/6.7376% 100.12/6.9053% 99.35/7.1425%

Japan and India renewed the Bilateral Swap Arrangement (BSA) effective today (Feb. 28, 2025).  

     The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Reserve Bank of India signed the second Amendment and Restatement Agreement of the BSA. The BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for the US Dollar. The size of the BSA remains unchanged, that is, up to 75 billion US Dollars.

Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 16,258 Amount allotted (in ₹ crore) 16,258 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.27 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

In the underwriting auction conducted on February 28, 2025, 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) 5,68,518.08 6.23 5.15-6.65 I. Call Money 18,397.29 6.31 5.15-6.40 II. Triparty Repo 3,97,349.95 6.21 5.90-6.32 III. Market Repo 1,51,241.64 6.27 5.75-6.45 IV. Repo in Corporate Bond 1,529.20 6.41 6.40-6.65

The Reserve Bank of India (RBI) has, by an order dated February 24, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Business Co-operative Bank Ltd., Nashik, Maharashtra (the bank) for contravention of the provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act). 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 BR Act.

The Reserve Bank of India (RBI) has, by an order dated February 17, 2025, imposed a monetary penalty of ₹33.30 lakh (Rupees Thirty Three Lakh Thirty Thousand only) on Bombay Mercantile Co-operative Bank Ltd., Mumbai (the bank), for contravention of the provisions of Section 6(2) read with Section 56 of The Banking Regulation Act, 1949

The Reserve Bank of India (RBI) has, by an order dated February 24, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Lasalgaon Merchants Co-operative Bank Ltd., Nashik, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Income Recognition, Asset Cla

Today, the Reserve Bank released its quarterly house price index (HPI) (base: 2010-11=100) for Q3:2024-25, based on transaction-level data received from the registration authorities in ten major cities . Time series data on all-India and city-wise HPIs are available at the Bank’s database on Indian economy (DBIE) portal (https://data.rbi.org.in/DBIE/#/dbie/home> Statistics > Real Sector > Prices & Wages).

The Reserve Bank had constituted the Regulations Review Authority 2.0 (RRA 2.0) in 2021 to review the regulatory prescriptions with a view to their simplification and ease of implementation. Based on detailed deliberation, RRA 2.0 finalized its report on June 10, 2022. One of the important recommendations of the RRA 2.0 report was:

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 Reserve Bank has today released data on Reserve Money for the week ended February 21, 2025.

     The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The March 2025 round of the survey is being launched. The survey aims at capturing subjective assessments on price movements and inflation, based on their individual consumption baskets, across 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata

The Reserve Bank of India has been regularly conducting Consumer Confidence Survey (CCS). The March 2025 round of the survey is being launched. The survey seeks qualitative responses from households, regarding their sentiments on general economic situation, employment scenario, price level, households’ income and spending. The survey is conducted regularly in 19

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹14000 Crore ₹12000 Crore ₹7000 Crore II. Competitive Bids Received (i) Number 127 89 99 (ii) Amount ₹34623.720 Crore ₹23642.150 Crore ₹27673.320 Crore III. Cut-off price / Yield 98.4176 96.8144 93.8765 (YTM:6.4490%) (YTM:6.5989%) (YTM:6.5409%)

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on February 28, 2025 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under

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 98.4176 (YTM: 6.4490%) 96.8144 (YTM: 6.5989%) 93.8765 (YTM: 6.5409%) IV. Total Face Value Accepted ₹14,000 Crore ₹12,000 Crore ₹7,000 Crore

(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 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 49,955 Amount allotted (in ₹ crore) 49,955 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.27 Partial Allotment Percentage of bids received at cut off rate (%) N.A.f