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

Sr. No. State Notified Amount (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Bihar 2000 2000 7.01 12 2. Kerala 1000 1000 7.10 20 3. Maharashtra 1000 1000 100.31/7.0917 Re-issue of 7.12% Maharashtra SGS 2047, issued on July 16, 2025 1000 1000 100.34/7.0996 Re-issue of 7.13% Maharashtra SGS 2048, issued on July 16, 2025 1000 1000 100.58/7.0991 Re-issue of 7.15% Maharashtra SGS 2049, issued on July 16, 2025 1000 1000 100.74/7.0961 Re-issue of 7.16% Maharashtra SGS 2050, issued on July 16, 2025

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal vide Directive No. CO.DOS.SED.No.S2574/12-07-005/2022-23 dated July 21, 2022 for a period of six months up to close of business on January 22, 2023

The Reserve Bank of India had constructed a composite Financial Inclusion Index (FI-Index) in consultation with the concerned stakeholders including the Government, to capture the extent of financial inclusion across the country, which was first published in August 2021 for the FY ending March 2021.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,19,575.62 5.51 4.75-6.50 I. Call Money 18,053.92 5.48 4.75-5.70 II. Triparty Repo 4,14,235.80 5.51 5.32-5.90 III. Market Repo 1,84,961.35 5.51 5.00-6.00 IV. Repo in Corporate Bond 2,324.55 5.65 5.50-6.50

In terms of GOI notification F.No. 4(22) -B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series-V- Issue date January 22, 2019) 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 on July 22, 2025.

Government of India (GoI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹36,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 5.91% GS 2028 Jun 30, 2028 6,000 F.No.4(1)-B(W&M)/2025 dated July 21, 2025 July 25, 2025 (Friday) July 28, 2025 (Monday) 2 6.33% GS 2035 May 05, 2035 30,000 Total 36,000

The Reserve Bank of India (RBl) has, by an order dated July 16, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Shahada Peoples Co-operative Bank Ltd., Shahada, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs’. This penalty has been imposed in exercise of powers conferred on RBI 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 (RBl) has, by an order dated July 16, 2025, imposed a monetary penalty of ₹6 lakh (Rupees Six Lakh only) on Motiram Agrawal Jalna Merchants Co-operative Bank Limited, Jalna, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’ and ‘Limits on exposure to single and group borrowers / parties and large exposures and Revision in the target for priority sector lending - UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(

The Reserve Bank of India (RBI) has, by an order dated July 18, 2025, imposed a monetary penalty of ₹20,000 (Rupees Twenty Thousand only) on Sahyadri Sahakari Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the specific directions issued by RBI under Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act.

The Reserve Bank has released the draft Master Direction on ‘Digital Banking Channels Authorisation’. The comments on the draft Directions are invited from public/stakeholders till August 11, 2025. Comments/feedback may be submitted through the respective link under the ‘Connect 2 Regulate’ Section available on the RBI’s website or may alternatively be forwarded to: