Press Releases

Auction Results 6.79% GS 2034 7.46% GS 2073 I. Notified Amount ₹22,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹22,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 301 218 (ii) Amount ₹ 52368.443 Crore ₹ 27612.195 Crore IV. Cut-off price / Yield 99.96 106.33 (YTM:6.7948%) (YTM:7.0009%) V. Competitive Bids Accepted (i) Number 191 73 (ii) Amount ₹ 21991.129 Crore ₹ 9992.782 Crore VI. Partial Allotment Percentage of Competitive Bids 40.81% 93.78% (22 Bids) (12 Bids) VII. Weighted Average Price/Yield 99.99 106.36 (WAY: 6.7906%) (WAY: 6.9989%)

The Reserve Bank of India had issued Directions to The Karmala Urban Co-operative Bank Ltd., Solapur, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No. CO.DOS.SED.No.S2729/12-07-005/2022-2023 dated July 29, 2022 for a period of six months up to the close of business on January 29, 2023, which were last extended up to the close of business on October 29, 2024 vide Directive DOR.MON.D-38/12.22.130/2024-25 dated July 23, 2024.

6.79% GS 2034 7.46% GS 2073 I. Notified Amount ₹22,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 99.96/ 6.7948% 106.33/7.0009% III. Amount accepted in the auction ₹22,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL

The Reserve Bank of India, in exercise of the powers conferred on it under Section 8 of the Payment and Settlement Systems Act, 2007, has revoked the Certificate of Authorisation (CoA) of the below mentioned Payment System Operator (PSO):

Tenor 6-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 48,700 Amount allotted (in ₹ crore) 25,005 Cut off Rate (%) 6.55 Weighted Average Rate (%) 6.57 Partial Allotment Percentage of bids received at cut off rate (%) 17.12

The Reserve Bank of India (RBI) conducted an Art Competition, as part of the commemoration of its 90th year, for fine art students in India. 71 undergraduate fine arts students from 71 colleges in the country participated in the competition.

In the underwriting auctions conducted on October 25, 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:

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on October 25, 2024, Friday, 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) 586,241.55 6.66 0.01-7.60 I. Call Money 11,198.85 6.68 5.10-6.85 II. Triparty Repo 425,191.85 6.66 6.37-6.78 III. Market Repo 149,090.85 6.66 0.01-6.85 IV. Repo in Corporate Bond 760.00 6.92 6.79-7.60

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, to Indian Mercantile Co-operative Bank Limited (IMCBL), Lucknow vide Directive DOS.CO.OCCD.185569/12.28.007/2021-22 dated January 28, 2022 for a period of six months upto July 27, 2022, as modified from time to time, which were last extended upto October 27, 2024 vide Directive DOR.MON/D-36/12.28.007/2024-25 dated July 19, 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 October 27, 2024.

The Reserve Bank of India (RBI) has, by an order dated October 22, 2024, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on Vidyasagar Central Co-operative Bank Limited, Midnapore, West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Housing Finance’. This penalty has been imposed in exercise of powers vested in RBI, conferred under 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 October 22, 2024, imposed a monetary penalty of ₹1.25 lakh (Rupees One Lakh Twenty Five Thousand only) on The Aurangabad District Central Co-operative Bank Ltd., Bihar (the bank) for contravention of the provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of BR Act and section 25 of the Credit Information Companies (Regulation) Act, 2005.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on October 25, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 578,427.56 6.69 5.10-6.95 I. Call Money 11,484.88 6.75 5.10-6.90 II. Triparty Repo 424,741.25 6.69 6.55-6.80 III. Market Repo 141,021.43 6.67 6.25-6.90 IV. Repo in Corporate Bond 1,180.00 6.86 6.85-6.95

The Reserve Bank has today released data on Reserve Money for the week ended October 18, 2024.

The fifty first meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during October 7 to 9, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹7000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 87 87 72 (ii) Amount ₹ 24299.670 Crore ₹ 13089.150 Crore ₹ 19740.700 Crore III. Cut-off price / Yield 98.4102 96.8153 93.8253 (YTM:6.4797%) (YTM:6.5970%) (YTM:6.5991%) IV. Competitive Bids Accepted (i) Number 36 55 44 (ii) Amount ₹ 6940.169 Crore ₹ 5986.820 Crore ₹ 5983.157 Crore V. Partial Allotment Percentage of Competitive Bids 77.00% 42.92% 31.88%

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 98.4102 (YTM:6.4797%) 96.8153 (YTM: 6.5970%) 93.8253 (YTM: 6.5991%) IV. Total Face Value Accepted ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 563,557.45 6.65 5.10-6.85 I. Call Money 9,130.51 6.65 5.10-6.85 II. Triparty Repo 408,209.20 6.66 6.45-6.80 III. Market Repo 145,104.74 6.61 6.00-6.85 IV. Repo in Corporate Bond 1,113.00 6.75 6.70-6.85 B. Term Segment I. Notice Money** 281.00 6.65 6.00-6.90 II. Term Money@@ 501.50 - 6.45-6.95 III. Triparty Repo 657.00 6.70 6.60-6.75 IV. Market Repo 874.20 6.66 6.62-6.80 V. Repo in Corporate Bond 0.00 - -

In terms of GOI Notifications F. No. 4(25) – W&M /2017 dated October 06, 2017 (SGB 2017-18 Series IV - Issue date October 23, 2017) and F. No. 4(22) –B(W&M) /2018 dated October 08, 2018 (SGB 2018-19 Series II-Issue date October 23, 2018)  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 tranches shall be October 23, 2024.