MUMBAI, India, April 24 -- Reserve Bank of India issued the following press release: The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of The Mattancherry Mahajanik Co-operative Urban Bank Ltd, Cochin, Kerala with The Peoples' Urban Co-operative Bank Ltd., Tripunithura, Kerala. The Scheme will come into force with effect from April 27, 2026 (Monda...
MUMBAI, India, April 24 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Irinjalakuda Town Co-operative Bank Ltd., Kerala vide Directive No. CO.DOS.SED.No.D-01/12-22-350/2025-2026 dated July 29, 2025 for a period of six months up to close of business on January 30, 2026, which was extended up to close of business on April 30, 2026 vide Directive No. DOR.MON.N...
MUMBAI, India, April 24 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated April 21, 2026, imposed a monetary penalty of ₹80,000/- (Rupees Eighty Thousand only) on Muthoot Housing Finance Company Limited (the company) for non-compliance with certain directions issued by RBI on 'Fair Practice Code'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 52A of the National Housing...
MUMBAI, India, April 24 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated April 21, 2026 imposed a monetary penalty of ₹41.80 lakh (Rupees Forty One Lakh Eighty Thousand only) on Bandhan Bank Limited (the bank) for contravention of the provisions of section 20(1)(b)(iii) of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on 'Know Your Customer'. This penalty has been impose...
MUMBAI, India, April 24 -- Reserve Bank of India issued the following press release: The Reserve Bank has today released data on Money Supply for the fortnight ended April 15, 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/138 Disclaimer: Curated by HT Syndication....
MUMBAI, India, April 24 -- Reserve Bank of India issued the following press release: (Amount in ₹ Crore) Auction Results 6.03% GS 2029 6.68% GS 2033 7.24% GS 2055 New GOI SGrB 2056 I. Notified Amount 11,000 11,000 5,000 5,000 II. Competitive Bids Received (i) Number 70 206 171 85 (ii) Amount 17,597.150 34,543.115 19,710.000 12,530.000 III. Cut-off price / Yield 99.30 98.55 96.20 100.00 (YTM: 6.3065%) (YTM: 6.9501%) (YTM: 7.5628%) (YTM: 7.5000%) IV. Competitive Bids Accepted (i) Nu...
MUMBAI, India, April 24 -- Reserve Bank of India issued the following press release: 6.03% GS 2029 6.68% GS 2033 7.24% GS 2055 New GOI SGrB 2056 I. Notified Amount ₹11,000 crore ₹11,000 crore ₹5,000 crore ₹5,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 99.30/6.3065% 98.55/6.9501% 96.20/7.5628% 7.50% III. Amount accepted in the auction ₹11,000 crore ₹11,000 crore ₹5,000 crore ₹5,000 crore IV. Devolvement on Primary Dealers NI...
MUMBAI, India, April 24 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on April 24, 2026, 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...
MUMBAI, India, April 24 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,82,098.22 5.12 3.99-6.35 I. Call Money 25,006.16 5.25 4.20-5.30 II. Triparty Repo 4,86,312.80 5.12 4.00-5.30 III. Market Repo 1,64,476.01 5.10 3.99-5.35 IV. Repo in Corporate Bond 6,303.25 5.38 5.25-6.35 B. Term Segment I. Notice Money** 316.50 5.1...
India, April 22 -- The Government of India has issued a release: The Change of Guard Ceremony, which takes place every Saturday at the Forecourt of Rashtrapati Bhavan, will shift to a new timing, i.e., from 0730 a.m. to 0830 a.m. from this Saturday (April 25, 2026). More details at https://visit.rashtrapatibhavan.gov.in/ Disclaimer: Curated by HT Syndication....