MUMBAI, India, May 22 -- 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 12,000 May 27, 2026 (Wednesday) May 29, 2026 (Friday) 2 182-Day 6,000 3 364-Day 6,000 Total 24,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-B(W...
MUMBAI, India, May 22 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Monday, May 25, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 4 09:30 AM to 10:00 AM May 29, 2026 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-2022/...
MUMBAI, India, May 22 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(5)-B(W&M)/2021 dated May 12, 2021 (SGB 2021-22 Series-I-Issue date May 25, 2021) 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 due date of premature redemption of the above tranche shall be on May 25, 2026. 2. Further, the red...
MUMBAI, India, May 22 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated May 15, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Newa Investments Private Limited (the company) for non-compliance with certain provisions of directions issued by RBI on 'Governance'. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1)(b) read with section 58B(5)(aa) ...
MUMBAI, India, May 22 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank released the May 2026 issue of its monthly Bulletin. The Bulletin includes five speeches, one article and current statistics. The article is on the State of the Economy. State of the Economy The global economy continued to be shadowed by uncertainties in West Asia. Domestic economic activity exhibited resilience in April, with industrial and services sectors maintaining strength across ...
MUMBAI, India, May 22 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated May 20, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh Ten Thousand only) on City Union Bank Limited (the bank) for non-compliance with certain provisions of directions issued by RBI on 'Priority Sector Loan accounts' and 'Reporting of Self Help Group (SHG) member level data to Credit Information Companies (CICs)'. This penalty has bee...
MUMBAI, India, May 22 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated May 15, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Mintifi Finserve Private Limited (the company) for non-compliance with certain provisions of directions issued by RBI on 'Know Your Customer (KYC)'. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1)(b) read with section...
India, May 21 -- One of India's widest currency portfolios on a prepaid forex card Reinforces focus on secure, seamless and digital-first payments for global travel Mumbai, May 20, 2026: As Indian travellers become increasingly global and digitally adept, expectations around overseas payments are evolving rapidly. Convenience, security and speed have become central considerations, particularly amid shorter booking cycles and a growing preference for cash‑light travel. Today's global India...
India, May 21 -- New Delhi: The Indian Phytopathological Society (IPS), a leading national body in plant pathology and agricultural sciences, has instituted the prestigious "Prof. L. V. Gangawane Young Scientist Award and Oration", a national platform to recognise and encourage outstanding young agricultural scientists. The new award commemorates Prof. L. V. Gangawane (1944-2018), an eminent Indian plant pathologist, soil microbiologist and former IPS President, celebrated for his steadfast comm...
India, May 21 -- A new analysis argues the mandate's intent is sound - but the financial infrastructure to support it does not yet exist for most of the industrial chain. A phased, data-led supply chain finance architecture is proposed as the path forward.AHMEDABAD, May 16 -India's 45-day payment mandate for MSME suppliers, which came into force in April 2024 under Section 43B(h) of the Income Tax Act, has brought into sharp relief a structural working capital crisis running through the country'...