Press Releases

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 4,933.25 5.96 5.25-7.00 I. Call Money 1,522.60 5.87 5.25-6.35 II. Triparty Repo 1,680.75 5.82 5.40-6.39 III. Market Repo 62.00 5.75 5.75-5.75 IV. Repo in Corporate Bond 1,667.90 6.20 6.15-7.00

The Reserve Bank of India has been conducting public awareness campaigns across various mediums such as text messages, television and digital advertisements, under the ‘RBI Kehta Hai’ (RBI Says) initiative. 2. The RBI is now further expanding its outreach by adding WhatsApp as an additional means to deliver public awareness messages.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 22-Mar-2024 07-Mar-2025* 21-Mar-2025* 22-Mar-2024 07-Mar-2025* 21-Mar-2025* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 294470.87 284322.01 309413.40 298451.61 289252.56 315674.39** b) Borrowings from banks 182428.71 113375.74 112450.27 182565.72 113395.68 112501.44 c) Other demand & time liabilities 72451.70 38843.52 29906.64 73099.81 39214.14 30300.78

Reserve Bank of India had earlier invited comments/feedback from the public on draft Regulations and draft Directions to the Authorised Dealers on Export and Import of Goods and Services, vide Press Release dated July 02, 2024.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹3,500 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹Crore) Tenure (Year) Type of Auction 1. Haryana 1000 14 Yield 2. Jammu and Kashmir 500 17 Yield 3. Telangana 1000 22 Yield 1000 30 Yield Total 3500

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 9,000 April 09, 2025 (Wednesday) April 11, 2025 (Friday) 2 182 Days 5,000 3 364 Days 5,000 Total 19,000

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.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Mar. 29 Mar. 21 Mar. 28 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 2300 19192 26284 7092 23984 * Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank of India will shortly issue ₹10 and ₹500 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 ₹10 and ₹500 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹10 issued by the Reserve Bank in the past will continue to be legal tender. All banknotes in the denomination of ₹500 in Mahatma Gandhi (New) Series issued by the Reserve Bank in the past will also continue to be legal tender.

Auction Results 6.64% GS 2027 6.79% GS 2034 I. Notified Amount ₹6,000 crore ₹30,000 crore II. Underwriting Notified Amount ₹6,000 crore ₹30,000 crore III. Competitive Bids Received (i) Number 114 503 (ii) Amount ₹35376.000 Crore ₹96821.250 Crore

6.64% GS 20276.79% GS 2034I.Notified Amount₹6,000 crore₹30,000 croreII.Cut off Price (₹) / Implicit Yield at cut-off100.94/6.2478%102.10/6.4904%

Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 12,419 Amount allotted (in ₹ crore) 12,419 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids received at cut off rate (%) NA

In the underwriting auction conducted on April 04, 2025, 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: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive Underwriting Amount Accepted (₹ crore) Total Amount underwritten (₹ crore) ACU Commission Cut-off rate (paise per ₹100) 6.64% GS 2027 6,000 3,003 2,997 6,000 0.04 6.79% GS 2034 30,000 15,015 14,985 30,000 0.08 Auction for the sale of securities will be held on April 04, 2025.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,85,663.18 5.67 0.01-6.90 I. Call Money 16,939.32 5.99 5.00-6.10 II. Triparty Repo 3,88,306.40 5.61 5.02-6.00 III. Market Repo 1,78,887.56 5.76 0.01-6.90 IV. Repo in Corporate Bond 1,529.90 6.04 6.00-6.10

As announced vide the Press Release 2025-26/4 dated April 01, 2025, the Reserve Bank will be conducting OMO purchase for an aggregate amount of ₹20,000 crore on April 08, 2025. 2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method:

The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year April 04, 2025 to October 03, 2025 shall be 7.11 per cent per annum.

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 Reserve Bank has today released data on Money Supply for the fortnight ended March 21, 2025.

Government of India in exercise of the powers conferred by clause (a) of sub-section (1) read with sub-section (4) of section 8 of The Reserve Bank of India Act, 1934, has appointed Dr. Poonam Gupta, Director General, National Council of Applied Economic Research, New Delhi as Deputy Governor of Reserve Bank of India for a period of three years from the date of joining the post or until further orders, whichever is earlier.

The result of the auction of State Government Securities held on April 03, 2025, is as under: (Amount in ₹ Crore) ANDHRA SGS 2033 ANDHRA SGS 2034 ANDHRA SGS 2037 ANDHRA SGS 2040 Notified Amount 1000 1000 1000 1350 Tenure 8 9 12 15 Competitive Bids Received (i) No. 52 62 74 51 (ii) Amount 5150 4285 3490 2765 Cut off Price (₹)/ Yield (%) 6.78 6.79 6.84 6.88

The Reserve Bank of India (RBI) has, by an order dated March 28, 2025, imposed a monetary penalty of ₹36.40 lakh (Rupees Thirty Six Lakh and Forty Thousand only) on Aryavart Bank, Lucknow (the bank) for contravention of provisions of Section 26A read with Section 51(1) of 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 51(1) of the BR Act.

I. Summary OMO Purchase Results Aggregate Amount (Face value) notified by RBI : ₹20,000 crore Total amount offered (Face value) by participants : ₹80,820 crore Total amount accepted (Face value) by RBI : ₹20,000 crore

Security 7.04% GS 2029 6.54% GS 2032 8.24% GS 2033 7.50% GS 2034 7.54% GS 2036 7.23% GS 2039 Total amount notified Aggregate amount of ₹20,000 crore (no security-wise notified amount) Total amount (face value) accepted by RBI (₹ in crore) 1,050 3,128 6,660 1,335 4,002 3,825 Cut off yield (%) 6.3549 6.5007 6.5887 6.5837 6.6293 6.6388 Cut off price (₹) 102.46 100.20 110.70 106.31 107.08 105.34

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Andhra Pradesh 1000 1000 6.78 08 1000 1000 6.79 09 1000 1000 6.84 12 1350 1350 6.88 15 1400 1400 6.85 16 2. Himachal Pradesh 900 900 6.84 10 3. Jammu and Kashmir 500 500 6.76 06 4. Meghalaya 350 350 6.88 10 5. Punjab 2000 2000 6.88 20

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on April 04, 2025 (Friday)

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 6,012 Amount allotted (in ₹ crore) 6,012 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 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) 6,21,461.80 5.82 0.01-6.40 I. Call Money 16,354.78 6.19 5.15-6.35 II. Triparty Repo 4,25,750.50 5.75 4.00-6.25 III. Market Repo 1,78,131.62 5.96 0.01-6.40 IV. Repo in Corporate Bond 1,224.90 6.17 6.15-6.40 B. Term Segment

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctio

The Reserve Bank has today released data on Reserve Money for the week ended March 28, 2025.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore II. Competitive Bids Received (i) Number 90 81 94 (ii) Amount ₹22500 Crore ₹28266.500 Crore ₹36075 Crore III. Cut-off price / Yield 98.4532 96.9576 94.0910 (YTM: 6.3017%) (YTM: 6.2930%) (YTM: 6.2973%)

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.4532 (YTM: 6.3017%) 96.9576 (YTM: 6.2930%) 94.0910 (YTM: 6.2973%) IV. Total Face Value Accepted ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore

(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 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 9,170 Amount allotted (in ₹ crore) 9,170 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 Partial Allotment Percentage of bids received at cut off rate (%) NA

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹11,800 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1. Andhra Pradesh 1000 08 Yield 1000 09 Yield 1000 12 Yield 1350 15 Yield 1400 16 Yield

The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter April – June 2025, is expected to be ₹2,73,255 Crore. The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts indicated by them is as under:

The Reserve Bank of India (RBI) celebrated its 90th anniversary today. To recognize this important milestone, an event was organised by the Reserve Bank of India today with the Hon’ble President of India Smt. Droupadi Murmu as the Chief Guest. Hon’ble Governor of Maharashtra, Shri C.P. Radhakrishnan, Hon’ble Chief Minister of Maharashtra, Shri Devendra Fadnavis, Hon’ble Union Minister of Communications, Shri Jyotiraditya Scindia, Hon’ble Deputy Chief Ministers of Maharashtra, Shri Eknath Shinde and Shri Ajit Pawar also graced the event.

The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on March 01, 2025.

As announced vide the Press Release 2025-26/4 dated April 01, 2025, the Reserve Bank will be conducting OMO purchase for an aggregate amount of ₹20,000 crore on April 03, 2025.

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 a review of current and evolving liquidity conditions, the Reserve Bank has decided to conduct OMO purchase auctions of Government of India securities for an aggregate amount of ₹80,000 crore in four tranches of ₹20,000 crore each to be held on April 03, 2025, April 08, 2025, April 22, 2025, and April 29, 2025.

(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) 35,142.98 6.04 4.00-6.70 I. Call Money 457.45 5.89 5.70-6.30 II. Triparty Repo 34,317.45 6.06 5.05-6.70 III. Market Repo 368.08 4.75 4.00-5.25 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) 37,055.64 6.24 5.00-7.75 I. Call Money 2,813.50 6.03 5.50-6.60 II. Triparty Repo 30,904.55 6.18 5.00-6.65 III. Market Repo 2,295.69 6.74 5.50-7.25 IV. Repo in Corporate Bond 1,041.90 7.54 7.50-7.75

The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Kodungallur Town Co-operative Bank Ltd., Kerala (the bank) for non-compliance with certain directions issued by RBI on ‘Management of Advances – UCBs’, ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs’ 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.

The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Karnataka Gramin Bank, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Strengthening of Prudential Norms- Provisioning Asset Classification and Exposure Limit, 2001’ read with ‘Income Recognition, Asset Classification and Provisioning Norms-Guidelines, 1996’. 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 51(1) of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Savery Transport Finance Ltd., Chennai, Tamil Nadu (the company) for non-compliance with certain provisions of the ‘Master Direction- Reserve Bank of India (Non- Banking Financial Company-Scale Based Regulation) Directions, 2023’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58 G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934. The correspondence related to charging higher interest rate than the annualised interest rate mentioned in the loan agreement revealed, inter alia, non-compliance with the RBI directions. Based on the same, 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 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 had:

The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The South Canara District Central Co-operative Bank Ltd., Karnataka (the bank) for contravention of provisions of Section 20 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 statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023. Based on supervisory findings of contravention of statutory provisions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why pen

The Reserve Bank of India (RBI) has, by an order dated March 27, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Purvaja Fincap Pvt. Ltd., Tamil Nadu (the company) for non-compliance with certain provisions of

The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Mysore and Chamarajnagar District Co-operative Central Bank Ltd., Karnataka (the bank) for contravention of provisions of Section 20 read with Section 56 of the Bank

The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Habitat Micro Build India Housing Finance Company Private Ltd., Karnataka (the company) for non-compliance with certain provisions of the ‘Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 52A of the National Housing Bank Act, 1987. 

The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Vellore Co-operative Town Bank Ltd., Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI under ‘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 (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 6.64% GS 2027 Dec 09, 2027 6,000 F.No.4(1)-B(W&M)/2025 dated March 28, 2025 April 04, 2025 (Friday) April 07, 2025 (Monday) 2 6.79% GS 2034 Oct 07, 2034 30,000 Total 36,000

Today, the Reserve Bank released data relating to India’s International Investment Position for end-December 2024[1]. Key Features of IIP in end-December 2024: • Net claims of non-residents on India increased by US$ 11 billion during Q3:2024-25 and stood at US$ 364.5 billion in December 2024.

Based on an assessment of the prevailing and evolving liquidity conditions, the Reserve Bank of India has decided to increase the aggregate limit, made available to the Standalone Primary Dealers (SPDs) under the Standing Liquidity Facility at the prevailing repo rate, from ₹10,000 crore to ₹15,000 crore, starting from April 02, 2025. The limit for individual SPDs is being conveyed to them separately. All other terms and conditions of the facility shall remain unchanged.

The Reserve Bank of India (RBI) has, by an order dated March 27, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Porbandar Commercial Co-operative Bank Limited, Dist. Porbandar, Gujarat (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 March 27, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Santrampur Urban Co-operative Bank Ltd., Santrampur, Mahisagar District, Gujarat (the bank) for non-compl

The value of exports and imports of services during February 2025 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) October – 2024 34,411 (22.7) 17,232 (28.0) November – 2024 32,109 (14.2) 17,246 (26.1) December – 2024 36,967 (16.9) 17,799 (13.9)

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 9,000 April 02, 2025 (Wednesday) April 03, 2025 (Thursday) 2 182 Days 5,000 3 364 Days 5,000 Total 19,000

The Reserve Bank of India (RBI) has, by an order dated March 24, 2025, imposed a monetary penalty of ₹52.70 lakh (Rupees Fifty Two Lakh Seventy Thousand only) on Phoenix ARC Private Limited (the company) for non-compliance with directions on ‘Settlement of dues payable by the borrower’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under Section 12 read with sub-section (1) of Section 30A of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related

The Reserve Bank held a Conference for the large-sized Non-Banking Financial Companies (NBFCs) on March 28, 2025, in Chennai. Chairpersons of the Audit Committee of the Board (ACB), MD & CEOs and the Statutory Auditors of the NBFCs attended the Conference. The Conference was a part of the series of supervisory engagements that the Reserve Bank has been having with key stakeholders of its Regulated Entities. The theme of the Conference was ‘Shared Vision, Shared Responsibility: Strengthening the NBFCs’. The Conference was attended by over 200 participants.

The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of ₹3.20 lakh (Rupees Three Lakh Twenty Thousand only) on Mahindra Rural Housing Finance Limited (the company) for non-compliance with certain provisions of the

Today, the Reserve Bank of India released the balance of payments (BoP) data for the third quarter (Q3), i.e., October-December of 2024-25 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-December 2024 are detailed below in Table 1. Table 1: Sources of Variation in Foreign Exchange Reserves* (US$ billion) Items April-December 2023 April-December 2024 I. Current Account Balance -30.7 -37.1 II. Capital Account (net) (a to f) 63.6 23.3 a. Foreign Investment (i+ii) 40.5 11.0 (i) Foreign Direct Investment (FDI) 7.8 1.6 (ii)Portfolio Investment 32.7 9.4

Preliminary data on India’s balance of payments (BoP) for the third quarter (Q3), i.e., October-December 2024-25, are presented in Statements I and II. Key Features of India’s BoP in Q3:2024-25 • India’s current account deficit (CAD) increased to US$ 11.5 billion (1.1 per cent of GDP) in Q3:2024-25 from US$ 10.4 billion (1.1 per cent of GDP) in Q3:2023-24 but moderated from US$ 16.7 billion (1.8 per cent of GDP) in Q2:2024-25. Merchandise trad

The Reserve Bank of India (RBI) has, by an order dated March 27, 2025, imposed a monetary penalty of ₹15.00 lakh (Rupees Fifteen Lakh only) on The Citizens Urban Cooperative Bank Ltd., Jalandhar (the bank) for non-compliance with 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, 1949.

The Reserve Bank of India (RBI) has, by an order dated March 27, 2025, imposed a monetary penalty of ₹25.00 lakh (Rupees Twenty Five Lakh only) on The Kangra Central Co-operative Bank Ltd., Himachal Pradesh (the bank) for non-compliance with the conditions subject to which the banking license was issued to it by RBI. 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.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Mar. 22 Mar. 14 Mar. 21 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - - 0 0 0 4.2 State Governments 13251 23828 19192 -4636 5941 * Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank of India (RBI) has, by an order dated March 27, 2025, imposed a monetary penalty of ₹4.10 lakh (Rupees Four Lakh and Ten Thousand only) on UCA Finvest Private Limited (the company) for non-compliance with specific conditions under which the company was issued the Certificate of Registration (CoR) by RBI under section 45IA(5) of Reserve Bank of India Act, 1934 (RBI Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause (a) of sub-section (1) of Section 58G read with sub-section (6) of Section 58 B of the RBI Act.

Tenor 5-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 38,423 Amount allotted (in ₹ crore) 38,423 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.28 Partial Allotment Percentage of bids received at cut off rate (%) NA

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on March 28, 2025, Friday as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 5 11:30 AM to 12:00 Noon April 02, 2025 (Wednesday)

Tenor 5-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 85,380 Amount allotted (in ₹ crore) 50,001 Cut off Rate (%) 6.37 Weighted Average Rate (%) 6.57 Partial Allotment Percentage of bids received at cut off rate (%) 58.71

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,00,525.74 6.14 3.50-7.35 I. Call Money 16,238.23 6.16 5.15-6.35 II. Triparty Repo 4,06,476.50 6.14 6.00-6.99 III. Market Repo 1,76,079.11 6.14 3.50-6.35 IV. Repo in Corporate Bond 1,731.90 6.29 6.20-7.35

The Reserve Bank of India (RBI) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹2.50 lakh (Rupees Two lakh fifty thousand only) on Sri Ganesh Co-operative Bank Limited, Gulbarga, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and ‘Donations / Contributions for Public / Charitable purposes out of profits of 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 March 25, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Tumkur Veerashaiva Co-operative Bank Ltd., Karnataka (the bank) for non-compliance with 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, 1949.

The Reserve Bank of India (RBI) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Mikhael Capitalize Pvt. Ltd., Kerala (the company) for non-compliance with certain provisions of ‘Master Direction - Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 ’ read with ‘Master Direction- Reserve Bank of India (Non- Banking Financial Company-Scale Based Regulation) Directions, 2023 ’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Sholinghur Co-operative Urban Bank Limited, Vellore, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions - UCBs’ 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.

The Reserve Bank of India (RBI) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Nizamabad District Co-operative Central Bank Ltd., Telangana (the bank) for contravention of provisions of Section 20 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 (RBI) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Kerala Mercantile Co-operative Bank Ltd., Kozhikode, Kerala (the bank) for non-compliance with 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, 1949.

The Reserve Bank of India (RBI) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Bagalkot District Central Co-operative Bank Ltd., Bagalkot, Karnataka (the bank) for contravention of provisions of Section 20 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 statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2022 and March 31, 2023. Based on supervisory findings of contravention of statutory provisions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to

It has been decided, in consultation with the Government of India, that the limit for Ways and Means Advances (WMA) for the first half of the financial year 2025-26 (April to September 2025) will be ₹1,50,000 crore.

The Reserve Bank of India, in consultation with the Government of India, hereby, notifies the calendar for issuance of Treasury Bills for the quarter ending June 2025 as under:

In order to enable institutional and retail investors to plan their investments efficiently and to provide transparency and stability to the Government Securities Market, the Reserve Bank of India, in consultation with the Government of India, hereby, notifies the indicative calendar for issuance of Government dated securities, including Sovereign Green Bonds (SGrBs), for the first half of the fiscal year 2025-26 (April 01, 2025 to September 30, 2025). The issuance calendar is as under:

The Reserve Bank of India (RBl) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹0.75 lakh (Rupees Seventy Five Thousand only) on The Jalna People’s Cooperative Bank Ltd., Jalna, Maharashtra (the bank) for non-compliance with the RBI Directions on ‘Gold Loan – Bullet Repayment – 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 March 13, 2025, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on The Co-operative Urban Bank Ltd., Paralakhemundi, Odisha (the bank) for non-compliance with the certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions- UCBs’ and ‘Membership

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of March 2025 are set out in Tables 1 to 7.

The Reserve Bank of India (RBI) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹15.00 lakh (Rupees Fifteen Lakh only) on NKGSB Co-operative Bank Limited, Mumbai (the bank), for non-compliance with certain directions issued by RBI on ‘Management of Advances - 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.  

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.

Data on sectoral deployment of bank credit for the month of February 2025 collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit as on the fortnight ended February 21, 2025 grew at 12.0 per cent as compared to 16.6 per cent for the corresponding fortnight of the previous year (February 23, 2024).

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 21,392 Amount allotted (in ₹ crore) 21,392 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.26 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) 5,87,112.89 6.14 3.00-6.46 I. Call Money 13,209.17 6.20 5.15-6.35 II. Triparty Repo 4,14,106.80 6.10 5.60-6.26 III. Market Repo 1,58,230.02 6.23 3.00-6.40 IV. Repo in Corporate Bond 1,566.90 6.45 6.45-6.46

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak vide Directive No. CO.DOS.SED.No.S4800/12-23-151/2024-2025 dated September 26, 2024, for a period of six months up to close of business on March  27, 2025. The Reserve Bank of India is satisfied that in the pu

In terms of the paragraph 1(x) of the Statement on Developmental and Regulatory Policies dated February 06, 2020 , Standalone Primary Dealers (SPDs) were allowed to participate in all overnight liquidity management operations (except Marginal Standing Facility) under the current Liquidity Management Framework dated February 06, 2020 . SPDs were also allowed to participate in other operations such as long-term Variable Rate Repo (VRR) operations and daily VRRs on a case-to-case basis.

The Reserve Bank of India (RBI) has, by an order dated March 24, 2025, imposed a monetary penalty of ₹68.20 lakh (Rupees Sixty Eight Lakh Twenty Thousand only) on Punjab & Sind Bank (the bank) for non-compliance with certain directions issued by RBI on ‘Creation of a Central Repository of Large Common Exposures – Across Banks’ read with ‘Central Repository of lnformation on Large Credits (CRlLC) – Revision in Reporting’ and ‘Financial Inclusion - Access to Banking Services – Basic Savings Bank Deposit Account (BSBDA)’. 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 51(1) of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated March 24, 2025, imposed a monetary penalty of ₹75.00 lakh (Rupees Seventy Five Lakh only) on HDFC Bank Limited (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 Section 46(4)(i) of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated March 24, 2025, imposed a monetary penalty of ₹10 lakh (Rupees Ten Lakh only) on KLM Axiva Finvest Limited (the company) for non-compliance with

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 Reserve Bank has today released data on Reserve Money for the week ended March 21, 2025.

As per Section 45ZI of Reserve Bank of India Act, 1934, it has been decided that the Monetary Policy Committee will meet during the 2024-25 on the dates indicated below:

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹14,000 Crore ₹12,000 Crore ₹7,000 Crore II. Competitive Bids Received (i) Number 95 121 117 (ii) Amount ₹27422.500 Crore ₹43554 Crore ₹41076.550 Crore III. Cut-off price / Yield 98.4005 96.8523 93.9390 (YTM: 6.5199%) (YTM: 6.5179%) (YTM: 6.4698%) IV. Competitive Bids Accepted (i) Number 69 4 12 (ii) Amount ₹13973.590 Crore ₹11987.461 Crore ₹6995.594 Crore

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹14,000 Crore ₹12,000 Crore ₹7,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.4005 (YTM:6.5199%) 96.8523 (YTM: 6.5179%) 93.9390 (YTM: 6.4698%) IV. Total Face Value Accepted ₹14,000 Crore ₹12,000 Crore ₹7,000 Crore