Press Releases

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified   ₹4,000 Crore   ₹4,000 Crore   ₹4,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3214 (YTM:6.8478%) 96.6236 (YTM:7.0080%) 93.4430 (YTM:7.0364%) IV. Total Face Value Accepted   ₹4,000 Crore   ₹4,000 Crore   ₹4,000 Crore

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,48,045.14    6.43    5.00-7.50 I. Call Money 11,377.24    6.49    5.40-6.60 II. Triparty Repo 3,66,219.10    6.42    6.27-6.60 III. Market Repo 1,69,537.80    6.44    5.00-6.75 IV. Repo in Corporate Bond 911.00    6.74    6.65-7.50 

Shri Shaktikanta Das, Governor, Reserve Bank of India today launched three major initiatives of the Reserve Bank of India, namely the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository in the presence of Shri Satish Kashinath Marathe, Prof. Sachin Chaturvedi, Directors on the Central Board of the Reserve Bank; Prof. H. Krishnamurthy, member of Board, Reserve Bank Innovation Hub (RBIH); Dr. M D Patra, Shri M Rajeshwar Rao, Shri T Rabi Sankar, Shri Swaminathan J, Deputy Governors of the Reserve Bank; MD & CEOs of select banks and NBFCs; Chief Executive, IBA ; MD/CEOs of Clearing Corporation of India Limited (CCIL), Reserve Bank Information Technology Ltd. (ReBIT), Indian Financial Technology and Allied Services (IFTAS) and RBIH; representatives of Fintechs and other senior officials of the Reserve Bank.

The result of the auction of State Government Securities held on May 28, 2024 is as under: (Amount in ₹Crore)  ANDHRA PRADESH 2048 ANDHRA PRADESH 2049 ASSAM 2034 JAMMU AND KASHMIR UT 2054 Notified Amount 1000 1000 1000 1000 Tenure 24 25 10 30 Competitive Bids Received   (i) No. 21 16 70 8 (ii) Amount 2515 2915 2740.25 1820 Cut off Yield (%) 7.34 7.34 7.37 7.34 Competitive Bids Accepted   (i) No. 5 6 10 3 (ii) Amount 999.891 999.938 959.598 999.928 Partial Allotment Percentage of Competitive Bids   (i) Percentage 89.84 45.69 70.93 66.66

Sr. No. State / UT Amount to be raised (₹Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.34 24 1000 1000 7.34 25 2 Assam 1000 1000 7.37 10 3 Jammu and Kashmir 1000 1000 7.34 30 4 Kerala 2000 2000 7.36 12 1500 1500 7.34 31 5 Mizoram 200 200 7.37 15 6 Punjab 1500 1500 7.37 12 7 Rajasthan 1500 1500 7.37 10 1000 1000 7.36 13 1000 1000 7.37 15 1500 1500 7.34 21 8 Tamil Nadu 1000 1000 7.34 05 2000 2000 7.38 09 2000 2000 7.38 10 9 West Bengal 2000 2000 7.37 16 Total 21,200 21,200

The Reserve Bank of India, vide Directive:LKO.DoS.SED.No.S-381/10.12.359/2023-24 dated August 28, 2023 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the Purvanchal Co-operative Bank Ltd., Ghazipur (U.P) under Directions from the close of business on August 29, 2023. The validity of these Directions was extended time-to-time, last being up to May 29, 2024.

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 547,791.21 6.58 3.55-7.60 I. Call Money 13,623.47 6.68 4.75-6.77 II. Triparty Repo 372,777.25 6.56 6.00-6.70 III. Market Repo 160,484.49 6.62 3.55-6.75 IV. Repo in Corporate Bond 906.00 6.89 6.80-7.60

The Reserve Bank of India had issued Directions to Ajantha Urban Co-operative Bank Maryadit, Aurangabad, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No. NGP.DoS.SSM 3.No.S675/15.03.302/2023-2024 dated August 28, 2023, for a period of six months up to the close of business on February 29, 2024, which were last extended up to the close of business on May 29, 2024 vide Directive DOR.MON.D-130/12.22.740/2023-24 dated February 23, 2024.

Government of India (GOI) has announced the sale ( issue / re-issue ) of three dated securities for a notified amount of ₹ 29,000 crore as per the following details:

The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹40,000 crore (face value). The following securities will be offered for buyback: Sr. No. Security Date of Maturity 1 7.35% GS 2024 June 22, 2024 2 8.40% GS 2024 July 28, 2024 3 FRB 2024 November 7, 2024 4 9.15% GS 2024 November 14, 2024

The Reserve Bank of India (RBI) has, by an order dated May 21, 2024, imposed a monetary penalty of ₹1.00 crore (Rupees One Crore only) on ICICI Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated May 17, 2024, imposed a monetary penalty of ₹91.00 lakh (Rupees Ninety One Lakh only) on Yes Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on 'Customer Service in Banks', and ‘Un-authorized Operation of lnternal/Office Accounts’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated May 24, 2024, imposed a monetary penalty of ₹20.00 lakh (Rupees Twenty Lakh only) on Bharati Sahakari Bank Limited, Pune (the bank) for non-compliance with certain directions issued by RBI on ‘Frauds monitoring and reporting mechanism’. This penalty has been imposed in exercise of powers vested in RBI, conferred 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 May 22­, 2024, imposed a monetary penalty of ₹25.00 lakh (Rupees Twenty Five Lakh only) on The Greater Bombay Co-operative Bank Limited, Mumbai (the bank) for non-compliance with certain 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, conferred 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 May 22, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Gandhinagar Urban Co-operative Bank Ltd., Gandhinagar, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are Interested’ read with ‘Loans and Advances to directors etc. - directors as surety/guarantors – Clarification’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

Today, the Reserve Bank released the data[1] relating to financial performance of non-government non-financial (NGNF) foreign direct investment (FDI) companies in India during 2022-23 (https://cimsdbie.rbi.org.in/DBIE/#/dbie/reports/Statistics/Corporate%20Sector/Finances%20of%20FDI%20Companies) based on audited annual accounts of 2,272 companies, which reported in the Indian Accounting Standards (Ind-AS) format for three accounting years from 2020-21 to 2022-23. Their economic sector classification is based on their principal business activity reported in MGT-7 form (https://www.mca.gov.in/MinistryV2/companyformsdownload.html) of the Ministry of Corporate Affairs, Government of India, which is the primary source of these data. The paid-up capital (PUC) of these companies amounted to ₹5,44,014 crore, which accounted for 56.9 per cent of the total PUC of FDI companies that had reported in the 2022-23 round of the Reserve Bank’s annual census of foreign liabilities and assets of Indian direct investment companies.

A. Source Security 8.20% GS 2025 8.20% GS 2025 7.59% GS 2026 7.27% GS 2026 6.99% GS 2026 8.24% GS 2027 B. Notified Amount (amount in ₹ cr) 1,000 5,000 2,500 2,000 1,000 1,000 Destination Security 8.17% GS 2044 7.50% GS 2034 6.68% GS 2031 8.24% GS 2033 6.95% GS 2061 6.95% GS 2061 C. i. No. of offers received 3 5 3 5 4 4 ii. Total amount of Source Security offered (Face value in ₹ cr) 1,021.123 4,350.256 2,707.733 2,979.788 494.538 1,824.560 iii. No of offers accepted 3 3 1 1 3 4 iv. Total amount of source security accepted (Face value in ₹ cr) 1,000.000 2,350.256 2,500.000 2,000.000 445.963 1,000.000 v. Total amount of destination security issued (Face value in ₹ cr) 913.066 2,315.571 2,576.911 1,861.180 457.413 1,055.201 vi. Cut-off price (₹) / yield (%) for destination security 111.11/ 7.1307 103.00/ 7.0799 97.84/ 7.0612 107.91/ 7.0770 97.48/ 7.1435 97.48/ 7.1435

Tenor 4-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 97,885 Amount allotted (in ₹ crore) 75,007 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.54 Partial Allotment Percentage of bids received at cut off rate (%) 78.53 Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/378

(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 - -

(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 - -

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 27, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 11:45 AM to 12:15 PM May 31, 2024 (Friday) 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.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@  Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 547,167.17 6.64 3.50-6.90 I. Call Money 14,776.56 6.72 5.40-6.85 II. Triparty Repo 363,166.45 6.62 6.21-6.74 III. Market Repo 168,498.16 6.67 3.50-6.80 IV. Repo in Corporate Bond 726.00 6.82 6.80-6.90

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹21,200 Crore (Face Value). Sr. No.    State/UT    Amount to be raised (₹ Crore)    Additional Borrowing (Greenshoe) Option (₹ Crore)    Tenure (Year)    Type of Auction 1    Andhra Pradesh    1000    -    24    Yield 1000    -    25    Yield 2    Assam    1000    -    10    Yield 3    Jammu and Kashmir    1000    -    30    Yield 4    Kerala    2000    -    12    Yield 

In terms of GOI Notification F.No. 4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series IX-Issue date November 27, 2017) on Sovereign Gold Bond 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 tranche shall be May 27, 2024.

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 4,000 May 29,2024 (Wednesday) May 30,2024 (Thursday) 2 182 Days 4,000 3 364 Days 4,000 Total 12,000

The Reserve Bank of India (RBI) has, by an order dated May 22, 2024, imposed a monetary penalty of ₹3,10,000/- (Rupees Three Lakh Ten Thousand only) on Hero FinCorp 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’ issued by RBI, relating to Fair Practices Code. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause (b) of sub-section (1) of section 58G read with clause (aa) of sub-section (5) of section 58B of the Reserve Bank of India Act, 1934. 

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation May 19 May 10 May 17 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 12194 11584 17624 6039 5430 * Data are provisional; difference, if any, is due to rounding off. 

Auction Results New GS 2027 7.23% GS 2039 7.46% GS 2073 I. Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore III. Competitive Bids Received   (i)  Number 119 229 215 (ii) Amount ₹ 22888 Crore ₹ 36358.469 Crore ₹ 25787 Crore IV. Cut-off price / Yield - 101.69 104.18 (YTM: 7.02%) (YTM: 7.0437%) (YTM: 7.1510%)

The Reserve Bank of India issued Directions to Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive NGP.DOS.SSM 2.No.S1389/15-04-616/2022-2023 dated February 23, 2023, for a period of six months up to August 24, 2023 as modified from time to time which were last extended up to close of business on May 24, 2024 vide Directive DOR.MON/D-128/12.22.275/2023-24 dated February 15, 2024.

New GS 2027 7.23% GS 2039 7.46% GS 2073 I. Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore II. Cut off Price / Implicit Yield at cut-off 7.02% 101.69 / 7.0437% 104.18 / 7.1510 III. Amount accepted in the auction ₹6,000 crore ₹12,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

Tenor 3-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,39,365 Amount allotted (in ₹ crore) 1,25,008 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.56 Partial Allotment Percentage of bids received at cut off rate (%) 21.51

(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 - -

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 24, 2024, Friday, as under: Sl. No.    Notified Amount (₹ crore)    Tenor (day)    Window Timing    Date of Reversal 1    1,25,000    3    11:00 AM to 11:30 AM    May 27, 2024 (Monday) 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.

In the underwriting auctions conducted on May 24, 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) New GS 2027 6,000 3,003 2,997 6,000 0.08 7.23% GS 2039 12,000 6,006 5,994 12,000 0.09 7.46% GS 2073 11,000 5,502 5,498 11,000 0.14  Auction for the sale of securities will be held on May 24, 2024. Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/362

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@  Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 526,063.00 6.66 3.00-6.95 I. Call Money 12,123.74 6.75 5.40-6.85 II. Triparty Repo 344,387.40 6.63 6.19-6.75 III. Market Repo 168,664.86 6.71 3.00-6.90 IV. Repo in Corporate Bond 887.00 6.90 6.90-6.95

The Reserve Bank of India issued Directions to Thodupuzha Urban Co-operative Bank Ltd, Kerala under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS), vide Directive No. CO.DOS.SED.No.S3361/12-07-005/2022-2023 dated August 23, 2022, from close of business on August 23, 2022, for a period of six months, which were extended from time to time, last being up to close of business on May 23, 2024, vide Directive No. DOR.MON.D-125/12.16.051/2023-24 dated February 14, 2024.

The Reserve Bank has today released data on Reserve Money for the week ended May 17, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period April 22 – April 26, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period April 15 – April 19, 2024. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 15-04-2024 4,818 1,504 1,812 453 263 188 15,854 12,892 1,690 7,728 3,420 765 16-04-2024 5,306 2,650 799 372 307 173 18,465 15,137 2,030 7,531 2,379 506 18-04-2024 7,246 1,008 839 487 622 612 18,336 15,372 1,813 9,419 3,061 628 19-04-2024 7,316 961 766 244 324 352 15,893 18,153 2,432 8,038 2,267 282 Sales 15-04-2024 6,561 2,877 592 456 379 188 14,137 14,284 1,215 7,595 3,340 765 16-04-2024 6,140 2,342 1,547 374 457 173 16,287 16,025 2,675 7,533 2,293 507 18-04-2024 6,338 3,241 483 492 606 630 16,729 16,789 2,862 9,467 3,038 632 19-04-2024 4,388 3,896 1,002 241 303 354 13,955 18,803 3,725 8,081 2,248 280

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period April 08 – April 12, 2024.

Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY  Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 04-02-2024 7,797 1,377 736 363 283 167 17,135 14,513 1,472 6,706 3,665 862 04-03-2024 4,539 2,140 852 298 114 78 20,387 20,960 2,141 6,937 2,663 159 04-04-2024 5,292 1,069 849 248 207 148 15,882 14,809 1,901 5,838 2,343 188 04-05-2024 7,268 960 955 284 226 138 18,683 16,947 1,811 6,332 2,433 372

The 608th meeting of the Central Board of Directors of Reserve Bank of India was held today at Mumbai under the Chairmanship of Shri Shaktikanta Das, Governor.  The Board reviewed the global and domestic economic scenario, including risks to the outlook. The Board also discussed the working of the Reserve Bank during the year April 2023 – March 2024 and approved the Reserve Bank’s Annual Report and Financial Statements for the year 2023-24. The transferable surplus for the year (2023-24) has been arrived at on the basis of the Economic Capital Framework (ECF) adopted by the Reserve Bank on August 26, 2019 as per recommendations of the Expert Committee to Review the extant Economic Capital Framework of the Reserve Bank of India (Chairman: Dr. Bimal Jalan). The Committee had recommended that the risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 6.5 to 5.5 per cent of the RBI’s balance sheet.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹4000 Crore ₹4000 Crore ₹4000 Crore II. Competitive Bids Received   (i)  Number 96 85 110 (ii) Amount ₹32087.930 Crore ₹11060.390 Crore ₹18336.740 Crore III. Cut-off price / Yield 98.3200 96.6208 93.4557 (YTM:6.8536%) (YTM:7.014%) (YTM:7.0218%) IV. Competitive Bids Accepted   (i)  Number 3 31 19 (ii) Amount ₹3969.202 Crore ₹3979.525 Crore ₹3977.928 Crore V. Partial Allotment Percentage of Competitive Bids 84.12% 16.54% 69.62% (1 Bid) (1 Bid) (1 Bid) VI. Weighted Average Price/Yield 98.3212 96.6281 93.4608 (WAY: 6.8486%) (WAY: 6.9983%) (WAY: 7.0160%)

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on May 24, 2024. 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, applicable to each Primary Dealer (PD), are as under

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹4,000 Crore ₹4,000 Crore ₹4,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3200 (YTM: 6.8536%) 96.6208 (YTM: 7.0140%) 93.4557 (YTM: 7.0218%) IV. Total Face Value Accepted ₹4,000 Crore ₹4,000 Crore ₹4,000 Crore

Tenor 2-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 71,830 Amount allotted (in ₹ crore) 71,830 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.63 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 Variable Rate Repo (VRR) auction on May 22, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 2 11:30 AM to 12:00 Noon May 24, 2024 (Friday) 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.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 528,731.85 6.72 4.50-7.50 I. Call Money 13,262.43 6.76 5.10-6.85 II. Triparty Repo 351,544.90 6.72 6.50-6.80 III. Market Repo 162,818.52 6.72 4.50-7.00 IV. Repo in Corporate Bond 1,106.00 6.94 6.90-7.50 B. Term Segment I. Notice Money** 200.75 6.57 5.85-6.80 II. Term Money@@ 813.00 - 6.70-7.10

Today, the Reserve Bank released the May 2024 issue of its monthly Bulletin. The Bulletin includes three speeches, four articles, and current statistics. The four articles are: I. State of the Economy; II. Decentralised Finance: Implications for Financial System; III. Currency Swaps of the Reserve Bank of India: Role in the GFSN and Fostering International Financial Cooperation; IV. Consumer Confidence in India: A Regional Perspective.

The Reserve Bank of India (RBI) has, by an order dated May 14, 2024, imposed a monetary penalty of ₹2.50 lakh (Rupees Two Lakh Fifty Thousand only) on Noida Commercial Co-operative Bank Ltd., Ghaziabad, Uttar Pradesh (the bank) for contravention of the provisions of section 26 A (2) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms/ concerns in which they are interested’ and ‘Master Circular on Frauds- Classification and Reporting’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act.