PREMATURE REDEMPTION UNDER SOVEREIGN GOLD BOND (SGB) SCHEME - REDEMPTION PRICE FOR PREMATURE REDEMPTION OF SGB 2019-20 SERIES-IX AND SGB 2020-21 SERIES-V DUE ON AUGUST 11, 2025

MUMBAI, India, Aug. 8 -- Reserve Bank of India issued the following press release: In terms of GOI Notification F. No. 4(7)-B(W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series-IX-Issue date February 11, 2020) and in terms of GOI Notification F. No. 4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-V-Issue date August 11, 2020) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on wh...


RBI IMPOSES MONETARY PENALTY ON ICICI BANK LIMITED

MUMBAI, India, Aug. 8 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 07, 2025, imposed a monetary penalty of ₹75.00 lakh (Rupees Seventy Five Lakh only) on ICICI Bank Limited (the bank) for non-compliance with certain directions issued by RBI on 'Valuation of Properties - Empanelment of Valuers' and 'Opening of Current Accounts by Banks - Need for discipline'. This penalty has been imposed in exercise of powers co...


AUCTION OF 91-DAY, 182-DAY AND 364-DAY TREASURY BILLS

MUMBAI, India, Aug. 8 -- 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 10,000 August 13, 2025 (Wednesday) August 14, 2025 (Thursday) 2 182-Day 6,000 3 364-Day 5,000 Total 21,000 The sale will be subject to the terms and conditions specified in the General Notification F.No...


RESULT OF THE 3-DAY VARIABLE RATE REVERSE REPO (VRRR) AUCTION HELD ON AUGUST 08, 2025

MUMBAI, India, Aug. 8 -- Reserve Bank of India issued the following press release: Tenor 3-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 13,045 Amount accepted (in ₹ crore) 13,045 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.48 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/867 Disclaimer: Curated by HT Syndication....


SCHEDULED BANKS' STATEMENT OF POSITION IN INDIA AS ON FRIDAY, JULY 25, 2025

MUMBAI, India, Aug. 8 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 26-Jul-2024 11-Jul-2025* 25-Jul-2025* 26-Jul-2024 11-Jul-2025* 25-Jul-2025* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 281386.40 341401.19 342422.12 285474.81 347250.78 348027.21** b) Borrowings from banks 138751.80 95570.56 105206.09 138778.69 95575.46 105216.43 c) Oth...


RESULT OF THE 6-DAY VARIABLE RATE REVERSE REPO (VRRR) AUCTION HELD ON AUGUST 08, 2025

MUMBAI, India, Aug. 8 -- Reserve Bank of India issued the following press release: Tenor 6-day Notified Amount (in ₹ crore) 2,00,000 Total amount of offers received (in ₹ crore) 1,46,044 Amount accepted (in ₹ crore) 1,46,044 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/865 Disclaimer: Curated by HT Syndication....


PATNA HIGH COURT ISSUES JUDGEMENT ON GIRJA SHANKER DUTT V/S M/S AMIT AND ASHISH RESTAURANT

PATNA, India, Aug. 7 -- Patna High Court issued the following judgment on July 6: The record taken up on mentioning being made on behalf of the petitioner. 2. Today, learned counsel for the petitioner has filed hard copy of supplementary affidavit in Court, which is taken on record. 3. Heard learned counsel for the petitioner. 4. The petitioner has approached this Court with limited prayer seeking direction to the learned Sub Judge-XIII, Patna to hear the Eviction Suit No. 34 of 2021 on day ...


PATNA HIGH COURT ISSUES JUDGEMENT ON AJAY KUMAR GUPTA V/S GAURAV KUMAR

PATNA, India, Aug. 7 -- Patna High Court issued the following judgment on July 16: Record taken up on mentioning being made on behalf of the petitioner. 2. Heard learned counsel for the petitioner. 3. The learned counsel for the petitioner submits that the petitioner has approached this Court with limited prayer seeking direction to the learned Sub Judge-II, Patna to pass an appropriate order on the objection petition dated 03.01.2025 filed by the petitioner in Misc. Case No. 86/2024. The lea...


PATNA HIGH COURT ISSUES JUDGEMENT ON SEEMA DEVI V/S SMT. SHASHI SHARMA AND OTHER

PATNA, India, Aug. 7 -- Patna High Court issued the following judgment on July 16: The record taken up on mentioning being made on behalf of the petitioner. 2. Heard learned counsel for the petitioner. 3. The petitioner has approached this Court with limited prayer seeking direction to the learned Sub Judge-I, Araria to dispose of the Title Suit No. 158/2010 preferably within a period of six months. 4. The learned counsel for the petitioner submits that the plaintiff/petitioner has completed...


PATNA HIGH COURT ISSUES JUDGEMENT ON PAPPU TANTI V/S THE STATE OF BIHAR

PATNA, India, Aug. 7 -- Patna High Court issued the following judgment on July 16: Heard Mr. Dhanendra Chaubey, learned counsel for the appellant and Mr. A. M. P. Mehta, learned APP for the State. 2. This appeal has been filed under Section 374(2) of the Code of Criminal Procedure Code, 1973 (hereinafter refereed as 'Cr.PC') against the judgment and order of conviction dated 14.07.2008 and 18.07.2008 respectively passed by the learned Sessions Judge, Bhagalpur in Sessions Trial No. 742 of 1999...