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  10,000 September 27, 2023 (Wednesday) September 29, 2023 (Friday) 2 182 Days 8,000 3 364 Days 6,000 Total 24,000 The sale will be subject to the terms and conditions specified in the General Notification

Auction Results7.06% GS 20287.18% GS 20337.30% GS 2053  I. Notified Amount ₹8000 Crore ₹14000 Crore ₹11000 Crore II.Underwriting Notified Amount₹8000 Crore₹14000 Crore₹11000 Crore III.Competitive Bids Received (i) Number110205169

7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount ₹8,000 crore ₹14,000 crore ₹11,000 crore II.Cut off Price / Implicit Yield at cut -  off  99.54/7.1792%100.31/7.1342%99.55/7.3360% III. Amount accepted in the auction ₹8,000 crore ₹14,000 crore ₹11,000 crore IV.Devolvement on Primary Dealers

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/970

In terms of GOI notifications F.No.4(19) - W&M/2014 dated March 04, 2016 (SGB 2016, Series II - Issue date March 29, 2016) and F.No.4(7) - W&M/2016 dated August 29, 2016 (SGB 2016-17 Series II - Issue date September 30, 2016) on Sovereign Gold Bond (SGB) 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 September 29, 2023 and September 30, 2023, respectively.

2. Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity [published by the India Bullion and Jewellers Association Ltd (IBJA)] of the week (Monday-Friday) preceding the date of redemption. Accordingly, the redemption price for the premature redemption due on September 29, 2023 and September 30, 2023 shall be ₹5921/- (Rupees Five Thousand Nine Hundred Twenty-one only) per unit of SGB based on the simple average of closing gold price for the week September 18-22, 2023.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/977

The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The National Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts-Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

The result of the auction of State Government Securities held on September 21, 2023 is as under:  (Amount in ₹ Crore)   ANDHRA PRADESH 2036BIHAR 2031CHHATTISGARH 2030GOA 2033  Notified Amount100020001000100  Tenure138710 Competitive Bids Received (i) No.4724215 (ii) Amount572532902600325 Cut-off Yield (%)7.447.497.477.46 Competitive Bids Accepted (i) No.31572 (ii) Amount964.3571940.870939.98296.547 Partial Allotment Percentage of 

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 22, 2023.  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, 

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year)  1 Andhra Pradesh100010007.4413  2 Bihar200020007.498 3 Chhattisgarh100010007.477  4 Goa1001007.4610  5 Gujarat100010007.404  6 Haryana100010007.4510  100010007.4512  7 Jammu and Kashmir3733737.4130  8 Madhya Pradesh5005007.4412  500500100.30/7.4273Reissue of 7.46% Madhya Pradesh SGS 2039 issued on September 13, 2023  

Auction Results91 Days182 Days364 DaysI.Notified Amount₹10000 Crore₹8000 Crore₹6000 Crore II.Competitive Bids Received (i) Number241173176 (ii) Amount₹47506.755 Crore₹21528.5 Crore₹20035 Crore III.Cut-off price / Yield98.321596.604393.4225

T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3215 (YTM: 6.8474%) 96.6043 (YTM: 7.0494%)93.4225 (YTM: 7.0599%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore