ORISSA HIGH COURT ISSUES JUDGMENT ON BAO VIET INSURANCE CORPORATION V/S MV WORLD VIRTUE & ANOTHER

CUTTACK, India, April 2 -- Orissa High Court issued the following order on Jan. 15 : IN THE HIGH COURT OF ORISSA AT CUTTACK ADMLS No. 7 of 2025 BAO VIET INSURANCE CORPORATION .... Plaintiff Mr. S.J. Biswal, Advocate -Versus- MV World VIRTUE (IMO 9860374) & another .... Respondents Ms. B. Pati, Advocate CORAM: MR. JUSTICE R.K. PATTANAIK Order No. ORDER 15.01.2026 Considering the submission of learned counsel for the plaintiff in the immediate presence of learned counsel for the other side ...


MEMORANDUM OF INSTRUCTIONS GOVERNING MONEY CHANGING ACTIVITIES - LOCATION OF FOREX COUNTERS IN INTERNATIONAL AIRPORTS IN INDIA

MUMBAI, India, April 2 -- Reserve Bank of India issued the following notification: RBI/2026-27/05 A.P. (DIR Series) Circular No. 04 April 2, 2026 To All Authorised Persons Madam/Sir, Memorandum of Instructions governing money changing activities - Location of Forex Counters in International Airports in India Please refer to Paragraph 3 of A.P. (DIR Series) Circular No. 45 dated September 16, 2013, on the above subject. 2. On a review, it has been decided to allow residents (along with n...


RATE OF INTEREST ON GOVERNMENT OF INDIA FLOATING RATE BOND 2028

MUMBAI, India, April 2 -- Reserve Bank of India issued the following press release: The rate of interest on Government of India Floating Rate Bond 2028 (FRB 2028) applicable for the half year April 04, 2026 to October 03, 2026 shall be 6.17 per cent per annum. It may be recalled that FRB 2028 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 04, 2026) of 182 Day T-Bills, plus a fixe...


DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 (AS APPLICABLE TO CO-OPERATIVE SOCIETIES) - THE INDUSTRIAL CO-OPERATIVE BANK LTD., GUWAHATI - EXTENSION OF PERIOD

MUMBAI, India, April 2 -- 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 Industrial Co-operative Bank Ltd., Guwahati vide Directive No.GWH.DOS.ADM.No.S103/01-10-101/2025-26 dated July 03, 2025 for a period of six months up to close of business on January 04, 2026 which was last extended up to close of business on April 04, 2026 vide Directive No.DOR.MON./D-45/...


DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - SAMARTH URBAN CO-OPERATIVE BANK LTD., OSMANABAD (MAHARASHTRA) - EXTENSION OF PERIOD

MUMBAI, India, April 2 -- Reserve Bank of India issued the following press release: The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Samarth Urban Co-operative Bank Ltd., Osmanabad, Maharashtra, vide Directive No. NGP.DOS.SSM1.No.S581/15.04.381/2025-2026 dated October 06, 2025, for a period of six months up to the close of business on April 07, 2026. 2. The Reserve Bank of India is satisfied that in the public interes...


DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - SAMARTH SAHAKARI BANK LTD., SOLAPUR, DIST. SOLAPUR, MAHARASHTRA - EXTENSION OF PERIOD

MUMBAI, India, April 2 -- Reserve Bank of India issued the following press release: The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Samarth Sahakari Bank Ltd., Solapur, Dist. Solapur, Maharashtra, vide Directive No. NGP.DOS.SSM 2.No.S580/15-03-614/2025-2026 dated October 06, 2025, for a period of six months up to the close of business on April 07, 2026. 2. The Reserve Bank of India is satisfied that in the public int...


RESULT OF UNDERWRITING AUCTION CONDUCTED ON APRIL 02, 2026

MUMBAI, India, April 2 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on April 02, 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 ...


MONEY MARKET OPERATIONS AS ON APRIL 01, 2026

MUMBAI, India, April 2 -- 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) 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 ...


MONEY MARKET OPERATIONS AS ON MARCH 31, 2026

MUMBAI, India, April 2 -- 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) 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 ...


MEMORANDUM OF INSTRUCTIONS GOVERNING MONEY CHANGING ACTIVITIES - LOCATION OF FOREX COUNTERS IN INTERNATIONAL AIRPORTS IN INDIA

NEW DELHI, April 2 -- The Government of India issued the following FEMA circular: RBI/2026-27/05 A.P. (DIR Series) Circular No. 04 April 2, 2026 To All Authorised Persons Madam/Sir, Memorandum of Instructions governing money changing activities - Location of Forex Counters in International Airports in India Please refer to Paragraph 3 of A.P. (DIR Series) Circular No. 45 dated September 16, 2013, on the above subject. 2. On a review, it has been decided to allow residents (along with no...