MUMBAI, India, July 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated July 17, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Manmad Urban Co-operative Bank Ltd., Manmad, Maharashtra (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...
MUMBAI, India, July 20 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, July 21, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 3 09:30 AM to 10:00 AM July 24, 2026 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-2022/...
MUMBAI, India, July 20 -- Reserve Bank of India issued the following press release: With a view to strengthen our balance of payments and incentivise capital inflows, RBI had announced a series of measures including a facility for offering concessional swaps for fresh FCNR(B) deposits, OFCB and ECB inflows, on June 5, 2026. This facility was operationalized on June 8, 2026, and is available upto September 30, 2026, for the FCNR(B) deposits and upto December 31, 2026, for the OFCBs and ECBs. 2....
MUMBAI, India, July 20 -- Reserve Bank of India issued the following press release: Government of India (GoI) has announced the sale (issue / re-issue) of two dated securities for a notified amount of ₹28,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 New GS 2041 Jul 27, 2041 17,000 F.No.4(1)-B(W&M)/2026 dated July 20, 2026 July 24, 2026 (Friday) July 27, 2026 (Monday) ...
MUMBAI, India, July 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated July 17, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen Lakh Thirty Thousand only) on Kolhapur District Central Co-op Bank Ltd., Maharashtra (the bank) for non-compliance with certain provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers confe...