MUMBAI, India, May 15 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated May 11, 2026, imposed a monetary penalty of ₹5.80 lakh (Rupees Five Lakh Eighty Thousand only) on Appnit Technologies Private Limited (the company) for non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)' and 'Prepaid Payment Instruments (PPI)'. This penalty has been imposed in exercise of powers conferred on RBI under the ...
MUMBAI, India, May 15 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated May 11, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on IIFL Finance Limited (the company) for non-compliance with certain provisions of the 'Master Direction- Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023' issued by RBI. This penalty has been imposed in exercise o...
MUMBAI, India, May 15 -- Reserve Bank of India issued the following press release: 1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation May 09 May 01 May 08 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 51342 28059 23957 -4102 -27386 * Data are provisional; difference, if any, is due to rounding off. 2. Foreign Exchange Reserves* Item As on May 08, 2026 Variation over Week End-March 2026 Year ₹...
MUMBAI, India, May 15 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on May 15, 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 Und...
MUMBAI, India, May 15 -- 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) 7,37,785.80 5.06 4.00-5.30 I. Call Money 15,463.05 5.21 4.50-5.30 II. Triparty Repo 5,40,321.75 5.05 4.96-5.20 III. Market Repo 1,75,888.60 5.06 4.00-5.20 IV. Repo in Corporate Bond 6,112.40 5.19 5.15-5.30 B. Term Segment I. Notice Money** 208.50 5.08 ...
PATNA, India, May 14 -- Patna High Court issued the following order on April 10: 1. Issue notice on I.A. No. 1 of 2024 to the concerned respondents through both modes i.e., under speed post as well as under ordinary process, for which requisites etc. be filed within three weeks. 2. Let the matter be listed on 25.06.2026. Disclaimer: Curated by HT Syndication....
India, May 14 -- A few years back, Rs.70,000 for 10 grams of 24-karat gold sounded like a stretch. Not impossible, just unlikely anytime soon. Now it has crept up to levels that would have felt unrealistic then, and the gold price today is sitting close to those highs across most Indian cities. The change is not abstract anymore. It is showing up in real decisions. Wedding budgets are shifting, and for many business owners, jewellery in lockers is no longer just sitting there, it is starting to ...
India, May 13 -- The Government of India has issued a release: The President of India, Smt Droupadi Murmu paid floral tributes to Shri Fakhruddin Ali Ahmed, former President of India on his birth anniversary at Rashtrapati Bhavan today (May 13, 2026). Disclaimer: Curated by HT Syndication....
India, May 13 -- The Government of India has issued a release: The National Human Rights Commission (NHRC), India organised a core group meeting on 'Protecting Migrant Workers' Rights: Shared Responsibility of Government and the Private Sector,' in hybrid mode at its premises in New Delhi. Chairing the meeting, the Chairperson, NHRC, Justice V. Ramasubramanian said that compared to others, the migrant workers face greater challenges because most belong to the unorganised sector. Language barrie...
India, May 13 -- The Government of India has issued a release: Key Takeaways JAM Trinity (Jan Dhan-Aadhaar-Mobile) BhashaDaan collects speech, text, and translations from people across India and uses them to train AI systems. Mule accounts, frequently used to launder money and facilitate cybercrime, have consistently posed difficulties for traditional detection approaches. Digital ShramSetu Digital Public Infrastructure (DPI) refers to interoperable digital systems- such as digital identit...