Press Releases

The Reserve Bank of India (RBl) has, by an order dated October 03, 2024, imposed a monetary penalty of ₹1.10 lakh (Rupees One Lakh Ten Thousand only) on Nabapalli Co-operative Bank Limited (the bank), for non-compliance with specific directions issued by RBI on making contribution to Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of Priority Sector Lending (PSL). This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

Tenor 4-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 36,825 Amount accepted (in ₹ crore) 36,825 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers 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) 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) 19,155.37 6.23 5.01-6.50 I. Call Money 1,358.35 6.09 5.50-6.50 II. Triparty Repo 17,516.10 6.25 5.90-6.40 III. Market Repo 280.92 5.57 5.01-6.00 IV. 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 October 07, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 11:00 AM to 11:30 AM October 11, 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.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 8,155.65 6.13 5.50-6.85 I. Call Money 1,478.85 6.15 5.75-6.50 II. Triparty Repo 5,109.60 6.06 5.50-6.85 III. Market Repo 209.20 6.16 6.00-6.25 IV. Repo in Corporate Bond 1,358.00 6.40 6.39-6.45

The Reserve Bank of India (RBI) has appointed Shri Aviral Jain as Executive Director (ED) with effect from October 01, 2024. Prior to being promoted as ED, Shri Jain was serving as Regional Director for Maharashtra. Shri Jain has experience of more than three decades in areas of supervision, currency management, foreign exchange regulation and human resource management. As Executive Director, Shri Jain will look after 1. Legal Department, 2. Premises Department and 3. Right to Information Act (First Appellate Authority). Shri Jain is a post-graduate in economics. He also holds Certificates in AML / KYC and Capital Markets and is a Certified Associate of IIBF. 

The Reserve Bank of India, vide directive DEL.DOS.EXG_SSM No. S515/12-10- 013/2022-23 dated July 07, 2022, had placed Ramgarhia Co-operative Bank Ltd, New Delhi – under Directions from the close of business on July 08, 2022, for a period of six months up to January 08, 2023, the validity of which was last extended up to close of business on October 08, 2024 vide directive DOR.MON.D-30/12.28.115/2024-25 dated July 02, 2024.

The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹25,000 crore (face value). The security-wise details of the buyback are as under: S.No. Security Date of Maturity 1 7.72% GS 2025 May 25, 2025 2 5.22% GS 2025 June 15, 2025 3 8.20% GS 2025 September 24, 2025 4 5.15% GS 2025 November 09, 2025 5 7.59% GS 2026 January 11, 2026

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹18,700 Crore (Face Value). Sr. No. State/UT Amount to be raised. (₹Crore) Tenure (Year) Type of Auction 1 Assam 750 10 Yield 2 Bihar 2000 9 Yield 3 Chhattisgarh 1000 Re-issue of 7.54% Chhattisgarh SGS 2031 issued on October 04, 2023 Price

The Reserve Bank of India today released the draft circular on ‘Forms of Business and Prudential Regulation for Investments’. Comments on the draft circular are invited from banks and other stakeholders by November 20, 2024.

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 October 09, 2024 (Wednesday) October 10, 2024 (Thursday) 2 182 Days 6,000 3 364 Days 6,000 Total 19,000

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Sep. 29 Sep. 20 Sep. 27 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 11606 26447 24412 -2034 12806 * Data are provisional; difference, if any, is due to rounding off.

Auction Results 7.02% GS 2027 New GS 2034 7.46% GS 2073 I. Notified Amount ₹7,000 crore ₹22,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹7,000 crore ₹22,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 84 273 167 (ii) Amount ₹29587.000 crore ₹66692.000 crore ₹20108.238 crore IV. Cut-off price / Yield 100.78 - 106.67 (YTM: 6.6878%) (YTM: 6.79%) (YTM: 6.9773%) V. Competitive Bids Accepted (i) Number 18 186 122 (ii) Amount ₹6989.891 crore ₹21990.429 crore ₹9995.182 crore VI. Partial Allotment Percentage of Competitive Bids 3.33% 0.52% 45.14% (5 Bids) (81 Bids) (3 Bids) VII. Weighted Average Price/Yield 100.80 100.08 106.83 (WAY: 6.6795%) (WAY: 6.7790%) (WAY: 6.9665%)

7.02% GS 2027 New GS 2034 7.46% GS 2073 I. Notified Amount ₹7,000 crore ₹22,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.78/6.6878% 6.79% 106.67/6.9773% III. Amount accepted in the auction ₹7,000 crore ₹22,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

Tenor 14-day Notified Amount (in ₹ crore) 1,75,000 Total amount of offers received (in ₹ crore) 44,275 Amount accepted (in ₹ crore) 44,275 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 October 04, 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) 7.02% GS 2027 7,000 3,507 3,493 7,000 0.04 New GS 2034 22,000 11,004 10,996 22,000 0.08 7.46% GS 2073 10,000 5,019 4,981 10,000 0.10 Auction for the sale of securities will be held on October 04, 2024. 

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 543,858.34 6.23 1.11-6.65 I. Call Money 10,590.81 6.45 5.10-6.55 II. Triparty Repo 375,564.65 6.17 5.60-6.45 III. Market Repo 156,369.88 6.36 1.11-6.65 IV. Repo in Corporate Bond 1,333.00 6.50 6.50-6.50

The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year October 04, 2024 to April 03, 2025 shall be 7.30 per cent per annum.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on October 04, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,75,000 14 10:30 AM to 11:00 AM October 18, 2024 (Friday)