JABALPUR, India, Sept. 12 -- Madhya Pradesh High Court issued the following judgment/order on Aug. 11: 1. In all these writ petitions, a common question of fact and law is involved and therefore, they are heard analogously and disposed of by this common order. 2. A com mon grievance of the petitioners in this batch of writ petitions is with regard to grant of annual increment which became due on completion of one year's service before attaining the age of superannuation. In some of the cases,...
MUMBAI, India, Sept. 12 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 10, 2025, imposed a monetary penalty of ₹21 lakh (Rupees Twenty One Lakh only) on PhonePe Limited (formerly known as PhonePe Private Limited) (the company) for non-compliance with certain directions issued by RBI on 'Prepaid Payment Instruments (PPIs)'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions...
MUMBAI, India, Sept. 12 -- Reserve Bank of India issued the following press release: 1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Sep. 06 Aug. 29 Sep. 05 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 35426 19623 44070 24447 8644 * Data are provisional; difference, if any, is due to rounding off. 2. Foreign Exchange Reserves* Item As on Sep. 05, 2025 Variation over Week End-March 2025 Year ...
MUMBAI, India, Sept. 12 -- Reserve Bank of India issued the following press release: The Certificate of Registration issued to the following Non-Banking Financial Companies (NBFC) has been restored after considering the orders passed by the Appellate Authority/Courts. The NBFCs are advised to adhere to the applicable provisions of the RBI Act, 1934, and guidelines/directions issued by the RBI including reporting requirements. Sr. No Name of the Company Registered Office Address CoR No. CoR res...
MUMBAI, India, Sept. 12 -- Reserve Bank of India issued the following press release: 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 Kamsco Industries Pvt Ltd 2, Minto Park, Kolkata, West Bengal 700027 05.02625 June 04, 1998 August 01, 2025 ...
MUMBAI, India, Sept. 12 -- Reserve Bank of India issued the following press release: The following nine 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. i) Cancellation of CoR due to exit from Non-Banking Financial Institution (NBFI) business Sr. No. Nam...
MUMBAI, India, Sept. 12 -- Reserve Bank of India issued the following press release: Tenor 3-day Notified Amount (in ₹ crore) 1,50,000 Total amount of offers received (in ₹ crore) 1,50,804 Amount accepted (in ₹ crore) 1,50,015 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.48 Partial Acceptance Percentage of offers received at cut off rate 98.95 Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/1086 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Sept. 12 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on September 12, 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 Competi...
MUMBAI, India, Sept. 12 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,42,613.69 5.31 4.75-6.43 I. Call Money 21,901.38 5.35 4.75-5.40 II. Triparty Repo 4,27,106.90 5.30 5.12-5.37 III. Market Repo 1,91,331.86 5.34 5.00-6.00 IV. Repo in Corporate Bond 2,273.55 5.54 5.45-6.43 B. Term Segment I. Notice Money** 259.34 5.24 5.00-5.40 II. ...
India, Sept. 11 -- The Government of India issued the following news release: Under the visionary leadership of Prime Minister Narender Modi, tribal empowerment and development have taken great strides, and several landmark initiatives like PMJANMAN, and DAJAGUA has been launched by the Prime Minister said Shri Durga Das Uikey, Union Minister of State, Tribal Affairs while delivering the keynote address at Two-day National Conference on Adi Karmayogi Abhiyan at Bharat Mandapam, New Delhi. Adi ...