The Reserve Bank of India (RBI) has, by an order dated January 28, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on The Odisha State Co-operative Bank Ltd., (the bank) for non-compliance with the provisions of Section 9 and Section 26A 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 Section 46(4)(i) and 56 of BR 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.

Security 7.59% GS 2029 7.18% GS 2033 7.10% GS 2034 6.79% GS 2034 7.18% GS 2037 Total amount notified Aggregate amount of ₹20,000 crore (no security-wise notified amount) Total amount (face value) accepted by RBI (₹ in crores) NIL 4,375 4,125 5,000 6,520 Cut off yield (%) NA 6.7764 6.7448 6.6747 6.8521 Cut off price (₹) NA 102.58 102.39 100.80 102.72

The Reserve Bank of India, on January 27, 2025, has superseded the board of directors of Aviom India Housing Finance Private Limited, and appointed Shri Ram Kumar, ex-Chief General Manager, Punjab National Bank, as the Administrator. In exercise of powers conferred under Section 45-IE (5) (a) of the RBI Act 1934, the Reserve Bank has constituted a three-member Advisory Committee to assist the Administrator in discharge of his duties. The members of the Advisory Committee are as follows:

The Reserve Bank of India has today (January 30, 2025) filed an application for initiation of CIRP against Aviom India Housing Finance Private Limited, under Section 227 read with clause (zk) of sub-section (2) of Section 239 of the Insolvency and Bankruptcy Code (“IBC”), 2016 read with Rules 5 and 6 of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudication Authority) Rules, 2019 (“FSP Insolvency Rules”) at the New Delhi Bench of the Hon’ble National Company Law Tribunal.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 31, 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:

Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 1,17,354 Amount allotted (in ₹ crore) 1,17,354 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.51 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) 5,28,986.59 6.50 3.95-6.90 I. Call Money 13,598.84 6.58 5.10-6.65 II. Triparty Repo 3,58,446.55 6.46 6.14-6.59 III. Market Repo 1,55,029.90 6.59 3.95-6.85 IV. Repo in Corporate Bond 1,911.30 6.85 6.80-6.90

The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) since January 1, 2021 with March 2018 as base to capture the extent of digitisation of payments across the country. The index for September 2024 stands at 465.33 as against 445.5 for March 2024, which was announced on July 26, 2024.

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.