MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year October 04, 2025 to April 03, 2026 shall be 6.22 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., October 04, 2025) of 182 Day T-Bills, plus a...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated October 01, 2025, imposed a monetary penalty of ₹4.20 lakh (Rupees Four lakh twenty thousand only) on HDB Financial Services Limited (the company) for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016' issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under ...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated September 30, 2025, imposed a monetary penalty of ₹3 lakh (Rupees Three Lakh only) on The Ranuj Nagrik Sahakari Bank Limited, Dist. Patan, Gujarat (the bank) for non-compliance with the certain directions issued by RBI on 'Management of Advances - UCBs' and 'Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorized Elec...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated October 01, 2025, imposed a monetary penalty of ₹31.80 lakh (Rupees Thirty One Lakh Eighty Thousand only) on American Express Banking Corp. (the bank) for non-compliance with certain directions of Reserve Bank of India (Credit Card and Debit Card - Issuance and Conduct) Directions, 2022 issued by RBI. This penalty has been imposed in exercise of powers ...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 7,000 October 08, 2025 (Wednesday) October 09, 2025 (Thursday) 2 182-Day 6,000 3 364-Day 6,000 Total 19,000 The sale will be subject to the terms and conditions specified in the General Notification F.N...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 29, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The Bagalkot District Central Co-operative Bank Limited, Bagalkot, Karnataka (the bank) for contravention of provisions of Sections 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued b...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 29, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Vaniyambadi Town Co-operative Bank Limited, Tamil Nadu (the bank) for non-compliance with specific directions issued by RBI under 'Supervisory Action Framework (SAF)' and certain directions issued by RBI on 'Know Your Customer (KYC)'. This penalty has been imposed in...
JABALPUR, India, Oct. 2 -- Madhya Pradesh High Court issued the following judgment/order on Sept. 3: There are several typographical errors in the petition. Learned counsel for the petitioner seeks leave to withdraw the petition reserving the right to file a fresh petition after removal of all typographical errors. Petition is dismissed as withdrawn with liberty as prayed for. Disclaimer: Curated by HT Syndication....
JABALPUR, India, Oct. 2 -- Madhya Pradesh High Court issued the following judgment/order on Sept. 3: 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 common 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, th...
JABALPUR, India, Oct. 2 -- Madhya Pradesh High Court issued the following judgment/order on Sept. 3: 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 common 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, th...