Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹10000 Crore ₹15000 Crore ₹9000 Crore II. Competitive Bids Received (i) Number 116    218 151 (ii) Amount ₹ 41059.761 Crore ₹ 45652 Crore ₹ 39700.400 Crore

I.    T-Bill    91 days    182 days    364 days II.    Total Face Value Notified      ₹10,000 Crore      ₹15,000 Crore      ₹9,000 Crore III.    Cut-off Price and Implicit Yield at Cut-Off Price    98.3141 (YTM: 6.8781%)     96.5645 (YTM: 7.1350%)    93.3963 (YTM: 7.0900%) IV.    Total Face Value Accepted      ₹10,000 Crore      ₹15,000 Crore      ₹9,000 Crore

(Amount in ₹ Crore, Rate in Per cent)  MONEY MARKETS@  Volume (One Leg)  Weighted Average Rate  Range  A.  Overnight Segment (I+II+III+IV)  5,65,866.35 6.51 5.10-6.90 I. Call Money  12,513.28 6.51 5.10-6.76 II. Triparty Repo  3,84,456.70 6.46 5.95-6.70 III. Market Repo  1,65,398.37 6.61 5.25-6.75 IV. Repo in Corporate Bond  3,498.00 6.85 6.85-6.90

The result of the auction of State Government Securities held on March 12, 2024 is as under: (Amount in ₹Crore)  ARUNACHAL PRADESH 2034 BIHAR 2039 CHHATTISGARH 2032 CHHATTISGARH 2033

Sr. No. State/UT Amount to be raised (₹Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Arunachal Pradesh 232 232 7.41 10 2 Bihar 1612 1612 7.39 15 3 Chhattisgarh 1000 1000 7.38 8 1000 1000 7.39 9

(Amount in ₹ Crore, Rate in Per cent)  MONEY MARKETS@  Volume (One Leg)  Weighted Average Rate  Range  A.  Overnight Segment (I+II+III+IV)  560,789.43  6.67  5.10-7.00  I. Call Money  13,691.88  6.59  5.10-6.82  II. Triparty Repo  365,222.20  6.67  6.25-6.75  III. Market Repo  181,102.35  6.69  5.25-6.80  IV. Repo in Corporate Bond  773.00  6.89  6.80-7.00

The Reserve Bank of India released the Annual Report of the Ombudsman Scheme for the period April 1, 2022 to March 31, 2023. This is the first full-year report after the launch of Reserve Bank – Integrated Ombudsman Scheme (RB-IOS), 2021 in November 2021. The Annual Report covers

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.  Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date 1 Nimisha Finance India Private Limited B 1/7, Sector 1, Jankipuram Extension, Lucknow, Uttar Pradesh – 226021 B-12.00291 March 29, 2001 February 08, 2024 2 R.M.B. Finance Company Limited Rajni Complex, 3rd Floor, Khagaul Road, Mithapur, Patna Sadar, Bihar - 800001 B-15.00036 November 08, 2001 February 14, 2024

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹35,544 Crore (Face Value). The revision is due to inclusion of the States of Kerala and Uttar Pradesh.

The following seven 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.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period February 20 – February 23, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period February 12 – February 16, 2024

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period February 05 – February 09, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period January 29 – February 02, 2024

(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 - - B. Term Segment    I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. 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 - -

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 549,495.72 6.59 5.10-7.60 I. Call Money 10,473.93 6.54 5.10-6.80 II. Triparty Repo 346,150.80 6.60 6.40-7.00 III. Market Repo 192,132.99 6.57 6.00-6.95 IV. Repo in Corporate Bond 738.00 6.84 6.75-7.60

(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 - -

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Mar. 3 Feb. 23 Mar. 1 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 14077 14809 3252 -11557 -10825 * Data are provisional; difference, if any, is due to rounding off. 

Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months’ subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated December 08, 2023, for three months up to close of business March 09, 2024, subject to review.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹26,544 Crore (Face Value).

In terms of GOI Notification F.No.4(16) - W&M/2016 dated February 23, 2017 (SGB 2016-17 Series IV-Issue date March 17, 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 March 16, 2024 (March 17, 2024 being Sunday).

The Reserve Bank of India, vide Directive: LKO.DOS.SED.No.S875/10.03.759/2022-23 dated March 09, 2023 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the National Mercantile Co-operative Bank Ltd., Lucknow (U.P)  under Directions from the close of business on March 10, 2023. The validity of these Directions was extended time-to-time, last being up to March 10, 2024.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8241/12-22-316/2022-2023 dated March 09, 2023, had placed Defence Accounts Cooperative Bank ltd, Pune under Directions from the close of business on March 10, 2023.

Scheduled Banks’ Statement of Position in India as on Friday, February 23, 2024

The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) today in Mumbai for establishing a framework to promote the use of local currencies viz., the Indian Rupee (INR) and the Indonesian Rupiah (IDR) for cross-border transactions. The MoU was signed by the Governor, Reserve Bank of India, Shri Shaktikanta Das and the Governor, Bank Indonesia, Mr. Perry Warjiyo.

Tenor Notified Amount (in ₹ crore) Total amount of bids received (in ₹ crore) Amount allotted (in ₹ crore) Cut off Rate (%) Weighted Average Rate (%)
 

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 490,334.69 6.37 0.01-6.74 I. Call Money 9,994.53 6.44 5.10-6.55 II. Triparty Repo 310,463.95 6.35 6.28-6.74 III. Market Repo 169,186.21 6.39 0.01-6.70

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, had placed Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra under Directions from the close of business on March 10, 2023, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to March 10, 2024.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on March 07, 2024, Thursday, as under

The Reserve Bank has today released data on Reserve Money for the week ended March 01, 2024 and Money Supply for the fortnight ended February 23, 2024.

Today the Reserve Bank of India placed on its website a Working Paper titled, “Drivers of Commercial Paper Rate Spread – An Empirical Assessment” under the Reserve Bank of India Working Paper Series[1]. The paper is co-authored by Priyanka Priyadarshini, Anshul, Srijashree Sardar, Dipak R. Chaudhari and Sangeeta Das.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹10000 Crore ₹15000 Crore ₹9000 Crore II. Competitive Bids Received (i) Number 103 214 137 (ii) Amount ₹31113 Crore ₹ 46996.100 Crore ₹ 37831.100 Crore III. Cut-off price / Yield 98.3091 96.5587 93.3834 (YTM:6.8988%) (YTM:7.1475%) (YTM:7.1049%) IV. Competitive Bids Accepted (i) Number 24 64 32 (ii) Amount ₹ 9948.016 Crore ₹ 14921.808 Crore ₹ 8985.315 Crore

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹10,000 Crore ₹15,000 Crore ₹9,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3091 (YTM: 6.8988%) 96.5587 (YTM: 7.1475%) 93.3834 (YTM: 7.1049%) IV. Total Face Value Accepted ₹10,000 Crore ₹15,000 Crore ₹9,000 Crore 

Tenor 1-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 1,29,793 Amount accepted (in ₹ crore) 1,00,027 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 76.07 Ajit Prasad Director (Communications) Press Release: 2023-2024/2008

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 503,017.35 6.33 5.00-6.65 I. Call Money 10,008.45 6.44 5.50-6.55 II. Triparty Repo 326,076.10 6.29 6.20-6.44 III. Market Repo 166,367.90 6.41 5.00-6.55 IV. Repo in Corporate Bond 564.90 6.60 6.60-6.65

The Reserve Bank of India has today, in exercise of its powers under section 45L(1)(b) of the Reserve Bank of India Act, 1934, directed JM Financial Products Limited (JMFPL or ‘the company’) to cease and desist, with immediate effect, from doing any form of financing against shares and debentures, including sanction and disbursal of loans against Initial Public Offering (IPO) of shares as well as against subscription to debentures. The Company shall, however, continue to service its existing loan accounts through the usual collection and recovery process.

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 January 2024.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on March 06, 2024, Wednesday, as under

Today the Reserve Bank of India placed on its website a Working Paper titled “Pricing of Interdealer OTC Derivatives in a Limit Order Market” under the Reserve Bank of India Working Paper Series[1]. The Paper is co-authored by Vidya Kamate and Abhishek Kumar.

The result of the auction of State Government Securities held on March 05, 2024 is as under:

Sr. No. State/UT Amount to be raised (₹Crore) Amount Accepted (₹ Crore)  Cut off Price (₹) / Yield (%)  Tenure (Year) 1 Assam 1000 1000 7.42 10 2 Bihar 2000 2000 7.40 15 3 Haryana 1500 1500 7.42 11 4 Jammu & Kashmir 400 400 7.40 20 5 Karnataka 3000 3000 7.42 11 3000 3000 7.41 12 6 Maharashtra 2000 2000 7.40 11 2000 2000 7.40 12

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 11,185 Amount accepted (in ₹ crore) 11,185 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA  Ajit Prasad Director (Communications) Press Release: 2023-2024/2000

On a review of the current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Reverse Repo (VRRR) auction on March 05, 2024, Tuesday, as under:

Tenor 1-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 72,840 Amount accepted (in ₹ crore) 72,840 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA 

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Imperial Urban Cooperative Bank Ltd., Jalandhar vide Directive No. CDG.DOS.RSG.No.S1645/16-03-46/2022-23 dated March 9, 2023 for a period of six months up to close of business on September 10, 2023, as modified from time to time which were last extended up to close of business on March 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 March 10, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 538,703.22 6.39 5.00-6.80 I. Call Money      10,252.07 6.49 5.10-6.65 II. Triparty Repo  358,252.70 6.34 6.00-6.54 III. Market Repo    169,638.55 6.49 5.00-6.70 IV. Repo in Corporate Bond  559.90 6.70 6.70-6.80

The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Fincare Small Finance Bank Ltd. (Transferor Bank) with AU Small Finance Bank Ltd. (Transferee Bank). The Scheme has been sanctioned in exercise of the powers contained in sub-section (4) of Section 44A of the Banking Regulation Act, 1949. The effective date of the amalgamation shall be April 01, 2024. All the branches of Fincare Small Finance Bank Ltd. will function as branches of AU Small Finance Bank Ltd. with effect from April 01, 2024.

The Reserve Bank of India has today, in exercise of its powers under Section 45L(1)(b) of the Reserve Bank of India Act, 1934, directed IIFL Finance Ltd. (“the company”) to cease and desist, with immediate effect, from sanctioning or disbursing gold loans or assigning/ securitising/ selling any of its gold loans. The company can, however, continue to service its existing gold loan portfolio through usual collection and recovery processes.