MUMBAI, India, May 12 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI), vide order dated May 12, 2026, has cancelled the licence of "Sarvodaya Co-operative Bank Ltd., Mumbai", under Section 22 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). Consequently, the bank ceases to carry on banking business, with effect from the close of business on May 12, 2026. The Commissioner for Cooperation and Registrar of Cooperative Societies, Mahara...
MUMBAI, India, May 12 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series-III-Issue date November 13, 2018) 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 which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on May 13, 2026. 2....
MUMBAI, India, May 12 -- Reserve Bank of India issued the following press release: Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 7,190 Amount allotted (in ₹ crore) 7,190 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/243 Disclaimer: Curated by HT Syndication....
MUMBAI, India, May 12 -- 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) 7,37,193.17 5.13 0.01-5.52 I. Call Money 16,111.14 5.31 4.20-5.40 II. Triparty Repo 5,25,740.85 5.14 4.90-5.25 III. Market Repo 1,89,200.78 5.10 0.01-5.52 IV. Repo in Corporate Bond 6,140.40 5.21 5.18-5.40 B. Term Segment I. Notice Money** 190.00 5.16 ...