Press Releases

The Reserve Bank of India (RBI) has, by an order dated February 10, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on Sulaimani Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks’ and ‘Interest Rate on Deposits’. 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.

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

Security 7.17% GS 2030 7.18% GS 2033 7.10% GS 2034 7.54% GS 2036 7.18% GS 2037 Total amount notified Aggregate amount of ₹40,000 crore (no security-wise notified amount) Total amount (face value) accepted by RBI (₹ in crores) 7,315 8,840 4,105 10,000 9,740 Cut off yield (%) 6.7306 6.8051 6.7643 6.8866 6.8914 Cut off price (₹) 101.88 102.39 102.25 105.05 102.38

The Governor, Reserve Bank of India today held a meeting with the Managing Director & Chief Executive Officers of select Non-Banking Financial Companies (NBFCs) across all layers, including Government NBFCs, Housing Finance Companies and Micro-Finance Institutions. These NBFCs constitute nearly 50 per cent of the total assets of the NBFC sector. Representatives from Self-Regulatory Organizations (SROs), Sa-Dhan and Micro Finance Institutions Network (MFIN), as well as from Finance Industry Development Council (FIDC) also participated in the meeting.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on February 14, 2025 (Friday).

Tenor 1-day Notified Amount (in ₹ crore) 2,75,000 Total amount of bids received (in ₹ crore) 2,35,619 Amount allotted (in ₹ crore) 2,35,619 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,77,339.01 6.27 5.15-6.60 I. Call Money 13,411.47 6.29 5.15-6.40 II. Triparty Repo 4,03,454.35 6.26 6.20-6.51 III. Market Repo 1,58,648.59 6.30 5.75-6.60 IV. Repo in Corporate Bond 1,824.60 6.44 6.40-6.49

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

On April 24, 2024, the Reserve Bank of India had, in exercise of its powers under Section 35A of the Banking Regulation Act, 1949, imposed certain business restrictions on Kotak Mahindra Bank Limited (hereinafter referred to as ‘the bank’). The bank was directed to cease and desist from:

On a review of current and evolving liquidity conditions, the Reserve Bank has decided to conduct a 49-day Variable Rate Repo (VRR) auction on February 14, 2025, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 49 11:00 AM to 11:30 AM April 04, 2025 (Friday)

The Reserve Bank has today released data on Reserve Money for the week ended February 07, 2025.

Reserve Bank of India today placed on its website an updated circular (hyperlink to updated circular) on Operation of Pre-Sanctioned Credit Lines at Banks through Unified Payments Interface (UPI).

The Reserve Bank of India will shortly issue ₹50 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor. The design of these notes is similar in all respects to ₹50 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹50 issued by the Reserve Bank in the past will continue to be legal tender.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹8000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 110 67 85 (ii) Amount ₹32651.760 Crore ₹16516.150 Crore ₹26315.000 Crore III. Cut-off price / Yield 98.4187 96.8279 93.8685 (YTM:6.4445%) (YTM:6.5700%) (YTM:6.5500%)

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.4187 (YTM: 6.4445%) 96.8279 (YTM: 6.5700%) 93.8685 (YTM: 6.5500%) IV. Total Face Value Accepted ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore

Tenor 1-day Notified Amount (in ₹ crore) 2,50,000 Total amount of bids received (in ₹ crore) 1,93,865 Amount allotted (in ₹ crore) 1,93,865 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,87,196.10 6.25 5.15-6.70 I. Call Money 12,933.60 6.33 5.15-6.42 II. Triparty Repo 4,15,256.05 6.23 5.80-6.35 III. Market Repo 1,57,425.85 6.32 5.99-6.55 IV. Repo in Corporate Bond 1,580.60 6.50 6.45-6.70 B. Term Segment I. Notice Money** 381.10 6.13 5.50-6.37 II. Term Money@@ 555.00 - 6.40-6.75 III. Triparty Repo 800.00 6.23 6.15-6.35 IV. Market Repo 3,298.72 6.37 6.25-6.45 V. Repo in Corporate Bond 0.00 - -

In terms of GOI Notification F.No.4 (22) – B (W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series VI -Issue date February 12, 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 February 12, 2025. 2. Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption, as published by the India Bullion

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

The result of the auction of State Government Securities held on February 11, 2025, is as under: (Amount in ₹ Crore) BIHAR 2037 BIHAR 2045 CHHATTISGARH 2033 GUJARAT 2032 Notified Amount 1000 1000 1000 1000 Tenure 12 20 8 7 Competitive Bids Received