Press Releases

Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 29,080 Amount accepted (in ₹ crore) 29,080 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/975

(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 - -

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 the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on August 26, 2024, Monday, as under:  Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 4 11:30 AM to 12:00 Noon August 30, 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. (Puneet Pancholy) Chief General Manager Press Release: 2024-2025/972

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 543,753.55 6.35 2.00-6.75 I. Call Money 7,616.48 6.53 5.50-6.60 II. Triparty Repo 388,232.70 6.32 6.20-6.42 III. Market Repo 146,866.37 6.41 2.00-6.55 IV. Repo in Corporate Bond 1,038.00 6.63 6.60-6.75

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹30,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 7.10% GS 2034 Apr 08, 2034 20,000 F.No.4(3)-B(W&M)/2024 dated August 23, 2024 August 30, 2024 (Friday) September 02, 2024 (Monday) 2 7.09% GS 2054 Aug 05, 2054 10,000 Total 30,000

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 August 24, 2024 vide Directive DOR.MON/D-17/12.22.275/2024-25 dated May 21, 2024.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹36,250 Crore (Face Value). Sr. No. State / UT Amount to be raised (₹Crore) Tenure (Year) Type of Auction 1. Andhra Pradesh 1000 12 Yield 1000 17 Yield 1000 22 Yield 2. Assam 1000 15 Yield 3. Bihar 2000 09 Yield 4. Goa 150 10 Yield

In terms of Para 13 of the Consolidated Procedural Guidelines on the Sovereign Gold Bond (SGB) Scheme issued by the Reserve Bank of India vide circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021, premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds.

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 August 28,2024 (Wednesday) August 29,2024 (Thursday) 2 182 Days 6,000 3 364 Days 6,000 Total 20,000

The Reserve Bank of India (RBI) has, by an order dated August 21, 2024, imposed a monetary penalty of ₹1,99,50,000/- (Rupees One crore ninety-nine lakh and fifty thousand only) on Innofin Solutions Private Limited (the company) (also referred to as “LenDen Club”) for non-compliance with certain provisions of the ‘Non-Banking Financial Company - Peer to Peer Lending Platform (Reserve Bank) Directions, 2017’ and “Guidelines on Digital Lending” issued by RBI. 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.

The Reserve Bank of India (RBI) has, by an order dated August 21, 2024, imposed a monetary penalty of ₹1,92,00,000/- (Rupees One crore ninety-two lakh only) on NDX P2P Private Limited (the company) (also referred to as ‘LiquiLoans’) for non-compliance with certain provisions of the ‘Non-Banking Financial Company - Peer to Peer Lending Platform (Reserve Bank) Directions, 2017’ and “Guidelines on Digital Lending” issued by RBI. 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. A scrutiny of the company was conducted by RBI in June 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.  After considering the company’s reply to the notice, additional submissions made by it and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the company were sustained, warranting imposition of monetary penalty:  The company:  i) did not disclose required personal details including credit assessment and risk profile of the borrowers to the prospective lenders; ii) disbursed loans without specific approval of individual lenders; iii) routed the amounts disbursed and collected in loan accounts in the P2P Platform through a ‘co-lending escrow account’ in violation of the laid down ‘Fund Transfer Mechanism’; iv) allowed repayments in Merchant Finance Loans to be routed through the nodal account of a third party, which was acting as a Lending Service Provider for the company; and v) took partial credit risk by foregoing the service fee partially/ fully, which was not provided under the scope of activities for NBFC-P2P companies.  This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.  (Puneet Pancholy)      Chief General Manager Press Release: 2024-2025/964

(Amount in ₹ crore)  SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 11-Aug-2023 26-Jul-2024* 09-Aug-2024* 11-Aug-2023 26-Jul-2024* 09-Aug-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 252628.38 281244.55 291409.31 254828.96 285332.96 295605.42** b) Borrowings from banks 190016.45 138751.80 130893.83 190103.13 138778.69 130913.33 c) Other demand & time liabilities 67598.24 75507.30 76787.54 68310.20 75768.13 77084.27 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 19237925.20 21193710.22 21328461.29 19678912.96 21647187.77 21779721.76

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Aug. 18 Aug. 9 Aug. 16 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 15343 32993 26767 -6227 11424 * Data are provisional; difference, if any, is due to rounding off. 

Auction Results 7.04% GS 2029 7.34% GS 2064 I. Notified Amount ₹12,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹12,000 crore ₹11,000 crore III. Competitive Bids Received (i) Number 181 375 (ii) Amount ₹34,253.470 crore ₹42,647.150 crore IV. Cut-off price / Yield 101.02 104.35 (YTM: 6.7825%) (YTM: 7.0127%)

In exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to the following Non-Banking Financial Company (NBFC): Name of the NBFC Registered Office Address CoR No. & Date Date of Cancellation Margdarshak Financial Services Limited 118, Dayal Farms, Ganeshpur - Rehmanpur, Chinhat-Deva Road, Lucknow, Uttar Pradesh – 226019 B-12.00364 dated March 22, 2011 August 20, 2024

7.04% GS 2029 7.34% GS 2064 I. Notified Amount ₹12,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 101.02/6.7825% 104.35/7.0127% III. Amount accepted in the auction ₹12,000 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) 20,377 Amount accepted (in ₹ crore) 20,377 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 August 23, 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:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 539,824.66 6.41 2.00-6.75 I. Call Money 9,575.57 6.52 5.10-6.65 II. Triparty Repo 382,238.90 6.38 6.22-6.47 III. Market Repo 146,922.19 6.46 2.00-6.65 IV. Repo in Corporate Bond 1,088.00 6.65 6.60-6.75