Press Releases

The Reserve Bank of India (RBI), vide order dated July 22, 2025, has cancelled the licence of “The Karwar Urban Co-operative Bank Ltd., Karwar”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 23, 2025. The Registrar of Cooperative Societies, Karnataka has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

The Reserve Bank has today released data on Reserve Money for the week ended July 18, 2025 and Money Supply for the fortnight ended July 11, 2025.

Today, the Reserve Bank released the July 2025 issue of its monthly Bulletin. The Bulletin includes four speeches, four articles and current statistics. The four articles are: I. State of the Economy; II. Revisiting the Oil Price and Inflation Nexus in India; III. Determinants of Overnight Uncollateralised Money Market Volume- An Empirical Assessment; and IV. Household Inflation Expectations in India: Emerging Trends, Determinants and Impact of Monetary Policy.

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 71,902 Amount allotted (in ₹ crore) 50,001 Cut off Rate (%) 5.53 Weighted Average Rate (%) 5.58 Partial Allotment Percentage of bids received at cut off rate (%) 51.89

Auction Results 91-Day 182-Day 364-Day I. Notified Amount 9,000 6,000 5,000 II. Competitive Bids Received (i) Number 153 140 117 (ii) Amount 37,547.500 33,760.300 29,165.000 III. Cut-off price / Yield 98.6747 97.3170 94.7375 (YTM: 5.3872%) (YTM: 5.5291%) (YTM: 5.5701%)

I. T-Bill 91-Day 182-Day 364-Day II. Total Face Value Notified ₹9,000 Crore ₹6,000 Crore ₹5,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.6747 (YTM:5.3872%) 97.3170 (YTM: 5.5291%) 94.7375 (YTM: 5.5701%)

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, July 23, 2025, as under:

The Reserve Bank of India, vide directive CO.DOS.SED.No.S592/45-11-001/2024-25 dated April 23, 2024, had placed the Konark Urban Co-operative Bank Ltd., Ulhasnagar, under Directions from the close of business on April 23, 2024, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to July 23, 2025.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,13,605.52 5.69 4.75-6.60 I. Call Money 17,157.62 5.62 4.75-5.80 II. Triparty Repo 4,17,073.80 5.69 5.50-5.83 III. Market Repo 1,76,684.55 5.69 5.00-5.90 IV. Repo in Corporate Bond 2,689.55 5.90 5.84-6.60

The result of the auction of State Government Securities held on July 22, 2025, is as under: (Amount in ₹ Crore) BIHAR SGS 2037 KERALA SGS 2045 MAHARASHTRA SGS 2047 MAHARASHTRA SGS 2048 Notified Amount 2000 1000 1000 1000 Tenor 12 -Years 20 -Years Re-issue of 7.12% MAHARASHTRA SGS 2047 issued on July 16, 2025 Re-issue of 7.13% MAHARASHTRA SGS 2048 issued on July 16, 2025 Competitive Bids Received