(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,06,871.68 5.70 0.01-6.85 I. Call Money 14,822.00 5.84 4.90-6.00 II. Triparty Repo 3,92,344.05 5.79 5.70-6.00 III. Market Repo 1,97,907.63 5.51 0.01-6.15 IV. Repo in Corporate Bond 1,798.00 5.96 5.90-6.85

In terms of GOI Notification F. No.4(25)-(W&M)/2017 dated October 06, 2017 (SGB 2017-18 Series VII - Issue date November 13, 2017) and GOI Notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series III - Issue date November 13, 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 May 13, 2025.

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 May 14, 2025 (Wednesday) May 15, 2025 (Thursday)

Auction of Government of India Dated Securities Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹25,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.79% GS 2031 Dec 30, 2031 11,000 F.No.4(1)-B(W&M)/2025 dated May 09, 2025 May 16, 2025 (Friday) May 19, 2025 (Monday) 2 7.09% GS 2074 Nov 25, 2074 14,000 Total 25,000

The Reserve Bank of India (RBI) has, by an order dated April 29, 2025, imposed a monetary penalty of ₹1,72,80,000 (Rupees One Crore Seventy Two Lakh Eighty Thousand only) on State Bank of India (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances- Statutory and Other Restrictions’, ‘Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’ and ‘Opening of Current Accounts by Banks - Need for Discipline’. 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 May 07, 2025, imposed a monetary penalty of ₹1.00 crore (Rupees One Crore only) on Jana Small Finance Bank Limited (the bank) for contravention of provision of Section 12B(5) 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 Section 46(4)(i) of the BR Act.

The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi (Maharashtra) with TJSB Sahakari Bank Ltd. (Maharashtra). The Scheme has been sanctioned in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The Scheme will

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 following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹11,500 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1. Assam 500 15 Yield 2. Gujarat 1000 09 Yield 1000 10 Yield

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation May 3 Apr. 25 May 2 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 19755 22324 38480 16156 18726 * Data are provisional; difference, if any, is due to rounding off.

I. Summary OMO Purchase Results Aggregate Amount (Face value) notified by RBI : ₹25,000 crore Total amount offered (Face value) by participants : ₹76,845 crore Total amount accepted (Face value) by RBI : ₹25,000 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 company. Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date 1 R.L. Investment and Finance Company Limited 61/211, Canal Road, Kanpur, Uttar Pradesh – 208001 12.00010 February 21, 1998 April 08, 2025

The following four Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

Security 6.54% GS 2032 7.57% GS 2033 6.19% GS 2034 6.64% GS 2035 7.54% GS 2036 Total amount notified Aggregate amount of ₹25,000 crore (no security-wise notified amount) Total amount (face value) accepted by RBI (₹ in crore) 3,300 7,124 1,850 10,510 2,216

Auction Results 6.92% GS 2039 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹16,000 crore II. Underwriting Notified Amount ₹16,000 crore ₹16,000 crore III. Competitive Bids Received (i) Number 281 268 (ii) Amount ₹42,553.500 crore ₹42,097.000 crore IV. Cut-off price / Yield 103.25 99.18 (YTM: 6.5691%) (YTM: 6.9605%)

6.92% GS 2039 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹16,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 103.25/6.5691% 99.18/6.9605% III. Amount accepted in the auction ₹16,000 crore ₹16,000 crore IV. Devolvement on Primary Dealers NIL NIL

Tenor 4-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 7,417 Amount allotted (in ₹ crore) 7,417 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 Partial Allotment Percentage of bids received at cut off rate (%) NA

In the underwriting auction conducted on May 09, 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)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,06,342.90 5.72 3.50-6.85 I. Call Money 15,220.70 5.82 4.90-5.90 II. Triparty Repo 3,79,886.45 5.73 5.60-5.77 III. Market Repo 2,09,827.75 5.71 3.50-6.81 IV. Repo in Corporate Bond 1,408.00 6.00 5.95-6.85

Reserve Bank of India has from time to time issued various directions and circulars on digital lending by Regulated Entities (REs). As part of the efforts to consolidate various regulatory instructions and streamline them, consolidated directions on the subject have been prepared and issued as the Reserve Bank of India (Digital Lending) Directions, 2025 today. 2. Further, instructions on the following two aspects have also been included as part of these Directions for the first time:

The Reserve Bank of India (RBI) has, by an order dated May 06, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Vishwakalyan Sahakara Bank Niyamit, Hubli, Karnataka (the bank) for contravention of provisions of Section 31 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 May 06, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Nicholson Co-operative Town 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 ‘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 May 06, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Sree Harihareshwara Urban Co-operative Bank Limited, Harihar, Karnataka (the bank) for contravention of provisions of Section 31 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 May 05, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on Shree Warana Sahakari Bank Limited, Warananagar, Maharashtra (the bank) for contravention of the 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.

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 of India (RBI) has, by an order dated May 06, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Jammu Central Co-operative Bank Ltd., Jammu and Kashmir (the bank) for non-compliance with specific directions issued by RBI under Section 35A 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.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on May 09, 2025 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under:

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 8,074 Amount allotted (in ₹ crore) 8,074 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 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) 5,98,270.16 5.75 3.00-6.85 I. Call Money 15,647.98 5.83 4.90-5.95 II. Triparty Repo 3,70,157.00 5.75 5.50-5.90 III. Market Repo 2,11,034.33 5.74 3.00-6.05 IV. Repo in Corporate Bond 1,430.85 6.04 5.95-6.85

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka vide Directive DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20 dated January 02, 2020, for a period of six months up to July 10, 2020, as modified from time to time, which were last extended up to the close of business on May 10, 2025 vide Directive DOR.MON/D-98/12.23.283/2024-25 dated February 07, 2025. 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 May 10, 2025.

The Reserve Bank has today issued Framework for Formulation of Regulations which outlines the broad principles for formulation of Regulations issued in exercise of the powers conferred on the Reserve Bank of India by or under the provisions of various Acts and Rules. It covers aspects regarding stakeholder consultation, impact analysis and review of Regulations. The Framework reinforces and demonstrates the Reserve Bank’s commitment to enhanced transparency and consultative approach for issuance of Regulations.

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 May 02, 2025.

The Reserve Bank had issued the Framework for Recognition of Self-Regulatory Organisations in Financial Markets regulated by the Reserve Bank (Framework) and invited applications for recognition as Self-Regulatory Organisation (SRO) in financial markets.

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 68 61 90 (ii) Amount ₹36730.090 Crore ₹23046.000 Crore ₹33225.000 Crore III. Cut-off price / Yield 98.5554 97.1517 94.4613 (YTM: 5.8792%) (YTM: 5.8797%) (YTM: 5.8796%) IV. Competitive Bids Accepted (i) Number 9 1 1 (ii) Amount ₹8973.404 Crore ₹4980.491 Crore ₹4963.533 Crore

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹9,000 Crore ₹5,000 Crore ₹5,000 Cror

The Reserve Bank of India has been conducting Survey of Professional Forecasters (SPF) since September 2007 and consolidated results have been regularly disseminated on the Bank’s website in the form of web-articles. To promote transparency and research initiatives, Reserve Bank of India will now start disseminating the individual respondent-level forecasts from recent rounds of SPF (from round 61 onwards) after anonymising the forecasters’ personally identifiable information.

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 5,192 Amount allotted (in ₹ crore) 5,192 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 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) 6,12,824.24 5.75 2.50-6.85 I. Call Money 18,781.54 5.84 4.95-5.95 II. Triparty Repo 3,86,686.15 5.75 5.60-5.85 III. Market Repo 2,05,367.55 5.73 2.50-6.12 IV. Repo in Corporate Bond 1,989.00 6.05 6.00-6.85

The Reserve Bank of India (RBI) has, by an order dated April 25, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Deccan Merchants Co-operative Bank Ltd., Mumbai (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’. 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 April 25, 2025, imposed a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on The Hindusthan Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks’. 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 (RBl) has, by an order dated May 02, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Siddheshwar Urban Co-operative Bank Maryadit, Sillod, Aurangabad, Maharashtra (the bank) for non-compliance with 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 BR Act.

The Reserve Bank of India (RBl) has, by an order dated May 02, 2025, imposed a monetary penalty of ₹7.50 lakh (Rupees Seven Lakh Fifty Thousand only) on The Pusad Urban Cooperative Bank Limited, Pusad, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’, ‘Co-operative Banks- Interest Rates on Deposits’, and 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 BR Act.

As announced vide the Press release 2025-26/197 dated April 28, 2025, the Reserve Bank will be conducting OMO purchase for an aggregate amount of ₹25,000 crore on May 09, 2025. 2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method: Sr. No ISIN Security Date of Maturity Aggregate Amount 1 IN0020210244 6.54% GS 2032 17-Jan-2032 ₹25,000 crore (There is no security-wise notified amount)

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 May 06, 2025, is as under: (Amount in ₹ Crore) ANDHRA SGS 2032 ANDHRA SGS 2034* ANDHRA SGS 2035 ANDHRA SGS 2036 Notified Amount 1000 2000 2000 1000 Tenure 7 9 10 11 Competitive Bids Received (i) No. 41 31 38 38 (ii) Amount 3455 1780 4645 1780 Cut off Price (₹)/ Yield (%) 6.67 6.83 6.71 6.79

I. Summary OMO Purchase Results Aggregate Amount (Face value) notified by RBI : ₹50,000 crore Total amount offered (Face value) by participants : ₹1,32,520 crore Total amount accepted (Face value) by RBI : ₹50,000 crore II. Details of OMO Purchase Issue Security 7.06% GS 2028 6.10% GS 2031 8.32% GS 2032 7.18% GS 2033 7.10% GS 2034 7.40% GS 2035 7.23% GS 2039 No. of offers received 55 72 20 64 100 41 99 Total amount (face value) offered (₹ in crore) 7,899 26,049 16,058 15,635 27,725 22,058 17,096 No. of offers accepted 40 36 5 24 36 21 40

Security 7.06% GS 2028 6.10% GS 2031 8.32% GS 2032 7.18% GS 2033 7.10% GS 2034 7.40% GS 2035 Total amount notified Aggregate amount of ₹50,000 crore (no security-wise notified amount) Total amount (face value) accepted by RBI (₹ in crore) 4,501 7,578 7,637 6,405 10,003 7,962

Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Andhra Pradesh* 1000 1000 6.67 07 2000 1822.03 6.83 09 2000 2000 6.71 10

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 6,428 Amount allotted (in ₹ crore) 6,428 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 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) 6,16,544.88 5.73 0.01-6.00 I. Call Money 20,121.34 5.89 4.95-6.00 II. Triparty Repo 3,93,130.00 5.76 5.70-5.89 III. Market Repo 2,01,954.54 5.66 0.01-6.00 IV. Repo in Corporate Bond 1,339.00 5.95 5.95-5.96

In terms of GOI Notification F. No.4(25)-W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VI - Issue date November 06, 2017) 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 May 06, 2025.

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹32,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.92% GS 2039 Nov 18, 2039 16,000 F.No.4(1)-B(W&M)/2025 dated May 05, 2025 May 09, 2025 (Friday) May 13, 2025 (Tuesday) 2 6.90% GS 2065 Apr 15, 2065 16,000 Total 32,000

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.

The Reserve Bank of India has today released the 44th half-yearly report on management of foreign exchange reserves with reference to end-March 2025. The position of foreign exchange reserves as on April 25, 2025 is as under: US $ Billion Foreign Exchange Reserves (i+ii+iii+iv)* 688.13

(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 - - 

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 15,299.26 5.55 4.01-5.95 I. Call Money 1,879.60 5.55 5.25-5.95 II. Triparty Repo 13,294.90 5.57 5.26-5.78 III. Market Repo 124.76 4.24 4.01-4.51

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 5,646 Amount allotted (in ₹ crore) 5,646 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 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) 8,819.35 5.80 5.00-6.10 I. Call Money 3,119.40 5.70 5.25-5.95 II. Triparty Repo 4,029.95 5.81 5.00-5.95 III. Market Repo 41.00 5.60 5.60-5.60 IV. Repo in Corporate Bond 1,629.00 5.97 5.95-6.10

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹23,000 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1. Andhra Pradesh 1000 07 Yield 2000 09 Yield 2000 10 Yield 1000 11 Yield 1000 12 Yield

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹21,000 Crore (Face Value).

In terms of GOI Notification F. No. 4(8) - W&M/2017 dated April 20, 2017 (SGB 2017-18 Series I - Issue date May 12, 2017) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final

In terms of GOI Notification F. No.4(8)-(W&M)/2018 dated April 13, 2018 (SGB 2018-19 Series I - Issue date May 04, 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 tranche shall be May 03, 2025 (May 04, 2025 being a holiday).

The Reserve Bank of India (RBI) has, by an order dated April 29, 2025, imposed a monetary penalty of ₹29.60 lakh (Rupees Twenty nine lakh sixty thousand only) on Axis Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Un-authorized Operation of lnternal / Office Accounts’. 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 April 29, 2025, imposed a monetary penalty of ₹97.80 lakh (Rupees Ninety seven lakh eighty thousand only) on ICICI Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘Cyber Security Framework in Banks’, ‘Know Your Customer (KYC)’, and ‘Credit Card and Debit Card – Issuance and Conduct’. 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 April 30, 2025, imposed a monetary penalty of ₹31.80 lakh (Rupees Thirty one lakh eighty thousand only) on Bank of Maharashtra (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 51(1) of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated April 30, 2025, imposed a monetary penalty of ₹31.80 lakh (Rupees Thirty one lakh eighty thousand only) on IDBI Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘lnterest Subvention Scheme

The Reserve Bank of India (RBI) has, by an order dated April 29, 2025, imposed a monetary penalty of ₹61.40 lakh (Rupees Sixty One Lakh Forty Thousand only) on Bank of Baroda (the bank) for non-compliance with certain directions issued by RBI on ‘Financial Services provided by Banks’ and ‘Customer Service in Banks’ read with ‘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 51(1) of the Banking Regulation Act, 1949.

Government of India has been undertaking conversion/switch operations with market participants as well as with the Reserve Bank with the objective of smoothening its liability profile as well as for market development. As part of these operations, Government has undertaken

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 May 07, 2025 (Wednesday) May 08, 2025 (Thursday) 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 Apr. 26 Apr. 18 Apr. 25 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 13284 36792 22324 -14467 9040 * Data are provisional; difference, if any, is due to rounding off.

Dr. Poonam Gupta took over as the Deputy Governor of the Reserve Bank of India today. The Government of India on April 02, 2025, appointed her to the post of Deputy Governor for a period of three years from the date of joining the post or until further orders, whichever is earlier.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 19-Apr-2024 04-Apr-2025* 18-Apr-2025* 19-Apr-2024 04-Apr-2025* 18-Apr-2025* LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 292789.19 351074.23 346509.08 297191.96 357631.44 352736.84** b) Borrowings from banks 172085.67 105753.34 105133.47 172085.67 105753.34 105135.36 c) Other demand & time liabilities 74776.62 23065.11 23924.91 75015.17 23376.65 24210.23 LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 20753393.98 23115693.06 22860857.29 21216637.71 23616475.06 23356673.93 i) Demand 2461946.55 2781234.31 2637202.46 2512203.40 2834337.87 2689244.87 ii) Time 18291447.43 20334458.76 20223654.82 18704434.31 20782137.19 20667429.06 b) Borrowings @ 775338.10 920596.05 868605.09 779549.01 924884.82 873320.89

The Reserve Bank set up a Working Group to undertake a comprehensive review of trading and settlement timings of markets regulated by the Reserve Bank, as announced in the ‘Statement on Developmental and Regulatory Policies’ dated February 07, 2025. The Working Group was chaired by Shri Radha Shyam Ratho, Executive Director, RBI. It was tasked with reviewing existing market timings, identifying operational challenges, examining global practices and recommending the way forward.

Auction Results 6.64% GS 2027 New GS 2035 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 92 312 (ii) Amount ₹33,530.927 crore ₹1,29,617.000 crore IV. Cut-off price / Yield 101.49 - (YTM: 6.0080%) (YTM: 6.33%)

6.64% GS 2027 New GS 2035 I. Notified Amount ₹6,000 crore ₹30,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 101.49/6.0080% 6.33% III. Amount accepted in the auction ₹6,000 crore ₹30,000 crore IV. Devolvement on Primary Dealers NIL NIL

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 April 01, 2025.

Consequent on the appointment and assumption of charge by Dr. Poonam Gupta as Deputy Governor, the distribution of portfolios among the Deputy Governors with effect from May 2, 2025 will be the following: Name Departments

Tenor 14-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 149 Amount allotted (in ₹ crore) 149 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 Partial Allotment Percentage of bids received at cut off rate (%) NA

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 - -

Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 6,231 Amount allotted (in ₹ crore) 6,231 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 Partial Allotment Percentage of bids received at cut off rate (%) NA

In the underwriting auction conducted on May 02, 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

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,03,530.26 5.96 0.01-6.30 I. Call Money 17,990.81 5.94 5.00-6.05 II. Triparty Repo 3,94,904.10 5.95 5.70-6.05 III. Market Repo 1,89,156.35 5.99 0.01-6.30 IV. Repo in Corporate Bond 1,479.00 6.15 5.95-6.25

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

The value of exports and imports of services during March 2025 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) January – 2025 34,726 (12.0) 16,706 (12.6) February – 2025 31,625 (11.6) 14,506 (-4.8) March – 2025 35,600 (18.6) 17,475 (5.3) Notes: (i) Data for January-March are provisional; and (ii) Figures in parentheses are growth rates over the corresponding month of the previous year which have been revised on the basis of balance of payments statistics.

The Reserve Bank today released data on India’s invisibles as per the IMF’s Balance of Payments and International Investment Position Manual (BPM6) format for October-December of 2024-25.

The Reserve Bank has today released data on Reserve Money for the week ended April 25, 2025 and Money Supply for the fortnight ended April 18, 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, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 02, 2025, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 14 11:00 AM to 11:30 AM May 16, 2025 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

Data on sectoral deployment of bank credit for the month of March 2025 collected from 41 select scheduled commercial banks (SCBs), accounting for about 95 per cent of the total non-food credit deployed by all SCBs, 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 March 21, 2025, grew by 12.0 per cent as compared to 16.3 per cent during the corresponding fortnight of the previous year (i.e., March 22, 2024).

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 68 78 87 (ii) Amount ₹21082.255 Crore ₹19716.700 Crore ₹23359.200 Crore III. Cut-off price / Yield 98.5495 97.1300 94.4301

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 98.5495 (YTM:5.9036%) 97.1300 (YTM: 5.9258%) 94.4301 (YTM: 5.9146%) IV. Total Face Value Accepted ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on May 02, 2025 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under: (₹ crore) Security Notified Amount MUC amount per PD Minimum bidding commitment per PD under ACU auction

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 14,952 Amount allotted (in ₹ crore) 14,952 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 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) 6,14,702.89 5.85 0.01-6.30 I. Call Money 16,789.55 5.90 4.95-6.10 II. Triparty Repo 4,07,447.80 5.85 5.73-6.20 III. Market Repo 1,88,703.54 5.84 0.01-6.30 IV. Repo in Corporate Bond 1,762.00 5.96 5.95-6.00

The rate of interest on Government of India Floating Rate Bond 2034 (GOI FRB 2034) applicable for the half year April 30, 2025 to October 29, 2025 shall be 6.99 per cent per annum. It may be recalled that FRB 2034 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., April 30, 2025) of 182 Day T-Bills, plus a fixed spread (0.98 per cent).

In terms of GOI Notification F.No. 4(25)-(W&M)/2017 dated October 06, 2017 (SGB 2017-18 Series V - Issue date October 30, 2017) and GOI Notification F. No. 4(7)-B(W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series VI - Issue date October 30, 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 April 30, 2025.

As announced vide the Press release 2025-26/197 dated April 28, 2025, the Reserve Bank will be conducting OMO purchase for an aggregate amount of ₹50,000 crore on May 06, 2025. 2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method:

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.