Today, the Reserve Bank of India (RBI) released the Report “State Finances: A Study of Budgets of 2024-25”. The theme of this year’s Report is “Fiscal Reforms by States”. It provides a comprehensive assessment of the finances of State governments for 2024-25 against the backdrop of actual and revised/provisional accounts for 2022-23 and 2023-24, respectively.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period November 25 – November 29, 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 Purchase 11-11-2024 2,004 852 596 553 497 434 10,898 9,237 938 5,355 1,061 193 12-11-2024 3,914 827 1,405 754 299 363 22,017 21,971 3,573 7,302 3,449 167

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period November 18 – November 22, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period November 11 – November 14, 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

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period November 04 – November 08, 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 04-11-2024 5,442 737 478 650 745 654 11,821 12,081 1,244 5,789 2,719 225 05-11-2024 4,768 1,507 1,020 570 275 399 13,096 13,768 1,673 5,757 2,041 273 06-11-2024 4,108 1,815 2,747 872 1,252 1,174 20,470 15,931 2,719 13,839 2,599 372 07-11-2024 3,822 1,549 746 786 574 526 13,468 17,201 2,218 7,438 3,191 486 08-11-2024 6,084 1,192 608 444 451 589 14,029 16,737 1,320 5,565 2,268 165

Government of India has announced the sale (issue / re-issue) of Government Securities, as detailed below, through auctions to be held on December 20, 2024 (Friday).

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,92,544.43 6.53 1.00-6.85 I. Call Money 12,890.15 6.69 5.10-6.85 II. Triparty Repo 4,27,799.35 6.51 6.28-6.65 III. Market Repo 1,50,350.73 6.59 1.00-6.80 IV. Repo in Corporate Bond 1,504.20 6.82 6.80-6.85

The Reserve Bank has today released data on Reserve Money for the week ended December 13, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹7000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 99 104 91 (ii) Amount ₹ 25391.000 Crore ₹ 20487.300 Crore ₹ 18029.130 Crore III. Cut-off price / Yield 98.4119 96.7952 93.7982 (YTM:6.4726%) (YTM:6.6400%) (YTM:6.6300%)

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.4119 (YTM: 6.4726%) 96.7952 (YTM: 6.6400%) 93.7982 (YTM: 6.6300%) IV. Total Face Value Accepted ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,78,187.72 6.64 5.10-6.95 I. Call Money 12,895.02 6.70 5.10-6.85 II. Triparty Repo 4,14,179.90 6.62 6.00-6.77 III. Market Repo 1,49,768.60 6.69 5.50-6.95 IV. Repo in Corporate Bond 1,344.20 6.86 6.85-6.90

On May 29, 2024, the Reserve Bank of India had, in exercise of its powers under the Reserve Bank of India Act, 1934 and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) imposed business restrictions on the following supervised entities respectively, belonging to the Edelweiss Group.

In terms of GOI Notification F.No.4(25)–W&M /2017 dated October 06, 2017 (SGB 2017-18 Series XII -Issue date December 18, 2017) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue

The result of the auction of State Government Securities held on December 17, 2024 is as under: (Amount in ₹ Crore) ARUNACHAL PRADESH 2044 BIHAR 2034 HIMACHAL PRADESH 2036 JAMMU AND KASHMIR UT 2049 Notified Amount 395 2000 500 400 Tenure 20 10 12 25 Competitive Bids Received

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Arunachal Pradesh 395 395 7.11 20 2. Bihar 2000 2000 7.12 10 3. Himachal Pradesh 500 500 7.12 12 4. Jammu and Kashmir 400 400 7.10 25 5. Karnataka 2000 2000 7.11 11 2000 2000 7.12 12 6. Kerala 1255 1255 7.10 18 7. Meghalaya 635 635 7.11 9

<p>Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 23,188 Amount allotted (in ₹ crore) 23,188 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.56 Partial Allotment Percentage of bids received at cut off rate (%) NA</p>
 

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of October 2024.

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on December 17, 2024, Tuesday, as under:

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 83,570 Amount allotted (in ₹ crore) 50,005 Cut off Rate (%) 6.54 Weighted Average Rate (%) 6.57 Partial Allotment Percentage of bids received at cut off rate (%) 50.42

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 564,432.69 6.67 3.50-7.10 I. Call Money 13,531.76 6.70 5.50-6.90 II. Triparty Repo 375,075.30 6.69 6.55-6.83 III. Market Repo 174,529.93 6.63 3.50-7.01 IV. Repo in Corporate Bond 1,295.70 6.83 6.80-7.10 B. Term Segment I. Notice Money** 464.05 6.74 6.10-6.80 II. Term Money@@ 760.00 - 7.00-7.10 III. Triparty Repo 2,948.00 6.81 6.70-6.85 IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

The Reserve Bank of India (RBI) has, by an order dated December 13, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Tarapur Co-operative Urban Bank Ltd., Dist. Anand, Gujarat (the bank) for non-compliance with the certain directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (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 (RBI) has, by an order dated December 13, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Bhadran People’s Co-operative Bank Ltd., Dist. Anand, Gujarat (the bank) for non-compliance with the certain directions issued by RBI on ‘Interest Rate on Deposits’ and ‘Know Your Customer (KYC)’. 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.

Government of India (GOI) has announced the sale (issue / re-issue) of two dated securities for a notified amount of ₹29,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 New GS 2029 Dec 23, 2029 14,000 F.No.4(3)-B(W&M)/2024 dated December 16, 2024 December 20, 2024 (Friday) December 23, 2024 (Monday) 2 7.34% GS 2064 Apr 22, 2064 15,000 Total 29,000

The Reserve Bank of India (RBI) has, by an order dated December 12, 2024, imposed a monetary penalty of ₹5.96 lakh (Rupees Five lakh ninety six thousand only) on Vaishya Sahakari Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to the Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. 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 (RBI) has, by an order dated December 13, 2024, imposed a monetary penalty of ₹15.00 lakh (Rupees Fifteen lakh only) on SBPP Co-operative Bank Limited, Killa Pardi (Dist. Valsad) (the bank), for non-compliance with the 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.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on December 17, 2024, Tuesday, as under:

(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 - -

(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 - -

Tenor 4-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 75,775 Amount allotted (in ₹ crore) 75,775 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.54 Partial Allotment Percentage of bids received at cut off rate (%) NA

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 552,236.40 6.59 0.01-7.10 I. Call Money 16,259.33 6.68 5.50-6.85 II. Triparty Repo 375,946.80 6.65 6.55-6.85 III. Market Repo 158,786.57 6.44 0.01-7.10 IV. Repo in Corporate Bond 1,243.70 6.87 6.85-7.00

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Dist. Vaishali vide Directive No. DoS(Patna).Co-op.Bk./No.S50/04.01.009/2023-24 dated June 13, 2023, for a period of six months up to close of business on December 14, 2023, as modified from time to time, which were last extended up to close of business on December 14, 2024 vide Directive DOR.MON/D-53/12.28.207/2024-25 dated September 10, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on December 14, 2024.

The Reserve Bank of India,  vide directive CO.DOS.SED.No.S1918/12-22-283/2023-24 dated June 13, 2023, had  placed Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi under Directions for  a period of six months up to the close of business on December 14, 2023. The  validity of the directions was extended from time-to-time, the last being up to  December 14, 2024.

The following State Governments/UT have offered to sell stock by way of auction, for an aggregate amount of ₹ 20,325 Crore (Face Value). Sr. No. State/UT Amount to be raised. (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Year) Type of Auction 1. Arunachal Pradesh 395 - 20 Yield 2. Bihar 2000 - 10 Yield 3. Himachal Pradesh 500 - 12 Yield 4. Jammu and Kashmir 400 - 25 Yield

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 7,000 December 18, 2024 (Wednesday) December 19, 2024 (Thursday) 2 182 Days 6,000 3 364 Days 6,000 Total 19,000

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on December 16, 2024, Monday, as under:

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Dec. 8 Nov. 29 Dec. 6 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - - 11131 11131 11131 4.2 State Governments 24583 16465 34432 17967 9849 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 6.79% GS 2034 New GOI SGrB 2054 7.09% GS 2074 I. Notified Amount ₹22,000 crore ₹5,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹22,000 crore ₹5,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 387 98 192 (ii) Amount ₹ 71330.400 Crore ₹ 15160.000 Crore ₹ 28784.000 Crore IV. Cut-off price / Yield 100.24 - 101.07 (YTM:6.7543%) (YTM:6.98%) (YTM:7.0120%) V. Competitive Bids Accepted (i) Number 101 31 22 (ii) Amount ₹ 21988.127 Crore ₹ 4998.649 Crore ₹ 9995.811 Crore VI. Partial Allotment Percentage of Competitive Bids 58.27% 17.54% 98.17% (44 Bids) (14 Bids) (9 Bids) VII. Weighted Average Price/Yield 100.25 100.16 101.08

6.79% GS 2034 New GOI SGrB 2054 7.09% GS 2074 I. Notified Amount ₹22,000 crore ₹5,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.24/6.7543% 6.98% 101.07/7.0120% III. Amount accepted in the auction ₹22,000 crore ₹5,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

Tenor 14-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 79,161 Amount allotted (in ₹ crore) 75,004 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.56 Partial Allotment Percentage of bids received at cut off rate (%) 78.26

In the underwriting auctions conducted on December 13, 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)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 592,800.28 6.49 3.75-6.90 I. Call Money 11,124.59 6.62 5.50-6.80 II. Triparty Repo 424,855.95 6.47 6.25-6.69 III. Market Repo 155,561.04 6.55 3.75-6.85 IV. Repo in Corporate Bond 1,258.70 6.80 6.75-6.90

The Reserve Bank of India (RBI) has, by an order dated December 6, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Mandya City Co-operative Bank Ltd., Mandya, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. 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 (RBI) has, by an order dated December 6, 2024, imposed a monetary penalty of ₹75,000/- (Rupees Seventy Five Thousand only) on The Udumalpet Co-operative Urban Bank Ltd., Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’ and ‘Exposure Norms and Statutory / Other Restrictions – 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 (RBI) has, by an order dated December 6, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Pondicherry Co-operative Urban Bank Ltd., Puducherry (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’ and certain directions issued by RBI on ‘Know Your Customer (KYC)’. 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.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on December 13, 2024, Friday, as under:

The Reserve Bank of India (RBI) has, by an order dated December 10, 2024, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Ropar Central Co-operative Bank Ltd., Ropar, Punjab (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act). 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 BR Act.

The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of November 2024.

Government of India has announced the sale (issue / re-issue) of Government Securities, as detailed below, through auctions to be held on December 13, 2024.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 01-Dec-2023 15-Nov-2024* 29-Nov-2024* 01-Dec-2023 15-Nov-2024* 29-Nov-2024* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 249012.95 286037.41 273721.88 252864.88 291221.79 278500.30** b) Borrowings from banks 200300.56 135263.61 136378.04 200371.41 135338.08 136401.00 c) Other demand & time liabilities 71526.81 24650.32 24840.15 72234.28 25006.84 25175.79