MUMBAI, India, May 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated May 12, 2026, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on Jilla Sahakari Kendriya Bank Maryadit, Seoni, Madhya Pradesh (the bank), for contravention of the provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on 'Know You...
MUMBAI, India, May 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated May 06, 2026, imposed a monetary penalty of ₹16.30 lakh (Rupees Sixteen Lakh Thirty Thousand only) on Shree Kadi Nagarik Sahakari Bank Ltd., Dist. Mehsana, Gujarat (the bank), for non-compliance with certain directions issued by RBI on 'Exposure Norms and Statutory / Other Restrictions - UCBs', and 'Management of Advances - UCBs'. This penalty has been ...
MUMBAI, India, May 14 -- Reserve Bank of India issued the following press release: The Certificate of Registration issued to the following Non-Banking Financial Company (NBFC) has been restored after considering the orders passed by the Appellate Authority/Courts. The NBFC is advised to adhere to the applicable provisions of the RBI Act, 1934, and guidelines/directions issued by the RBI including reporting requirements. Sr. No Name of the Company Registered Office Address CoR No. CoR restored ...
MUMBAI, India, May 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued on Cancellation Order Date 1 Akin Vincom Pvt Ltd House No. 1, Pocket 52 Chittranjan Park, New Delhi, Delhi, India, 110019 B.05.04246 July 2...
MUMBAI, India, May 14 -- Reserve Bank of India issued the following press release: The following seven Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR. i) Cancellation of CoR due to exit from Non-Banking Financial Institution (NBFI) business Sr. No. Name...
MUMBAI, India, May 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of March 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/255 Disclaimer: Curated by HT Syndication....
MUMBAI, India, May 14 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auction to be held on May 15, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary De...
MUMBAI, India, May 14 -- 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) 7,57,943.15 5.09 4.20-5.40 I. Call Money 15,770.95 5.24 4.20-5.35 II. Triparty Repo 5,53,550.75 5.08 4.95-5.14 III. Market Repo 1,82,849.05 5.10 4.50-5.25 IV. Repo in Corporate Bond 5,772.40 5.22 5.18-5.40 B. Term Segment I. Notice Money** 203.00 5.15 ...
India, May 13 -- Navratri in Surat is set to witness a striking transformation this season as OG Navratri returns with an ultra-premium format-crafted and curated by The Memories Event. Known for delivering large-scale, high-impact experiences, the company is once again pushing the boundaries of festive celebrations.Adding grandeur to this year's celebration, renowned folk artist Jaysinh Gadhvi will lead the Garba nights with his energetic live performances, bringing together traditional devotio...
CUTTACK, India, May 13 -- Orissa High Court issued the following order on April, 20: IN THE HIGH COURT OF ORISSA AT CUTTACK CMP No. 12of 2018 Shyam Sundar Das ... Petitioner Mr. A.P. Bose, Adv. -Versus - Kruparam Dasji @ Krushna Chandra Das ... Opp.Party Ms. P., Naidu, Adv. CORAM: JUSTICE SASHIKANTA MISHRA ORDER_ 20.04.2026 1. This matter is taken up through hybrid mode. 2. Ms. P. Naidu, learned counsel appearing for opposite party files a memo enclosing copy of order dated 21.08.202...