Press Releases

(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 - -

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 15, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 12:15 PM to 12:45 PM July 19, 2024 (Friday)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 530,060.22 6.36 5.10-7.41 I. Call Money 9,999.47 6.46 5.10-6.55 II. Triparty Repo 362,994.55 6.33 6.20-6.41 III. Market Repo 156,043.20 6.41 6.00-7.41 IV. Repo in Corporate Bond 1,023.00 6.65 6.65-6.75

The Reserve Bank of India (RBl) has, by an order dated June 28, 2024, imposed a monetary penalty of ₹2.50 lakh (Rupees Two lakh Fifty thousand only) on Jilla Sahakari Kendriya Bank Maryadit, Chhattarpur, Madhya Pradesh (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 vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act.

The Reserve Bank of India (RBl) has, by an order dated June 28, 2024, imposed a monetary penalty of ₹2.50 lakh (Rupees Two lakh Fifty thousand only) on Pusad Urban Co-operative Bank Ltd., Pusad, Maharashtra (the bank), for contravention of specific directions issued by RBI under ‘Supervisory Action Framework (SAF) for Primary (Urban) Co-operative Banks (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

The Reserve Bank of India (RBI) has, by an order dated July 03, 2024, imposed a monetary penalty of ₹5,93,30,000/- (Rupees Five Crore Ninety Three Lakh and Thirty Thousand only) on The Mehsana Urban Co-operative Bank Ltd., Gujarat (the bank), for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors and their relatives, and firms / concerns in which they are interested’, ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’, ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’, ‘Know Your Customer (KYC) Norms’ and ‘Donations to Trusts and Institutions where Directors, their relatives hold position or are interested’. This penalty has been imposed in exercise of powers conferred on RBI under 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 ₹6,590 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Andhra Pradesh 1000 16 Yield 1000 19 Yield 2 Haryana 1000 12 Yield 3 Himachal Pradesh 500 10 Yield 4 Jammu & Kashmir 1000 27 Yield 5 Mizoram 90 13 Yield 6 Telangana 1000 12 Yield 1000 16 Yield Total 6590

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 8,000 July 18,2024 (Thursday) July 19,2024 (Friday) 2 182 Days 6,000 3 364 Days 6,000 Total 20,000

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Jul. 7 Jun. 28 Jul. 5 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 25446 7286 25838 18552 392 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 7.02% GS 2031 7.34% GS 2064 I. Notified Amount ₹11,000 Crore ₹11,000 Crore II. Underwriting Notified Amount ₹11,000 Crore ₹11,000 Crore III. Competitive Bids Received (i) Number 209 350 (ii) Amount ₹ 42357 Crore ₹ 34784.750 Crore IV. Cut-off price / Yield 100.16 103.12 (YTM:6.9890%) (YTM:7.1025%)

7.02% GS 2031 7.34% GS 2064 I. Notified Amount ₹11,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.16/6.9890% 103.12/7.1025% III. Amount accepted in the auction ₹11,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL

Tenor 14-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 9,581 Amount accepted (in ₹ crore) 9,581 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

In the underwriting auctions conducted on July 12, 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) 7.02% GS 2031 11,000 5,502 5,498 11,000 0.06 7.34% GS 2064 11,000 5,502 5,498 11,000 0.10 Auction for the sale of securities will be held on July 12, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 503,776.75 6.40 5.10-7.15 I. Call Money 10,082.55 6.47 5.10-6.60 II. Triparty Repo 343,655.00 6.38 6.15-6.46 III. Market Repo 148,834.20 6.45 6.00-7.15 IV. Repo in Corporate Bond 1,205.00 6.65 6.60-6.68

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 12, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 14 10:30 AM to 11:00 AM July 26, 2024 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 30-Jun-2023 14-Jun-2024* 28-Jun-2024* 30-Jun-2023 14-Jun-2024* 28-Jun-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 257646.38 273308.26 281655.77 260058.33 278408.28 287360.27 b) Borrowings from banks 39731.20 152174.16 158498.40 39861.10 152178.16 158504.40 c) Other demand & time liabilities 61504.46 76032.19 76535.85 62178.02 76525.91 77044.23 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 19156018.40 20902918.07 (20809913.89) 21285327.41 21195930.64) 19598266.83 21569931.53 21476927.35) 22058064.18 21968667.41) i) Demand 2448921.30 2390694.05 2601198.84 2494898.41 2459861.36 2677831.05

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Mahabhairab Co-operative Urban. Bank Ltd. Tezpur, Assam vide Directive GWH.DOS.ADM.No.S163/01-10-101/2023-24 dated October 12, 2023, for a period of six months from the close of business on October 12, 2023, as modified from to time, which were last extended up to close of business on July 12, 2024 vide Directive DOR.MON.D-02/12.22.804/2024-25 dated April 10, 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 July 12, 2024.

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 May 2024.

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 26,560 Amount accepted (in ₹ crore) 25,006 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 93.2

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 11, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 1 11:30 AM to 12:00 Noon July 12, 2024 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.