MUMBAI, India, June 25 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated June 22, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Lalgudi Co-operative Urban Bank Ltd., Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on 'Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs)'. This penalty has been imposed in exercise of powers conferred on RB...
MUMBAI, India, June 25 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated June 23, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Modern Co-operative Bank Limited, Chalisgaon, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on 'Exposure Norms and Statutory / Other Restrictions - UCBs' and 'Know Your Customer (KYC)'. This penalty has been imposed in exercise of powers...
MUMBAI, India, June 25 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated June 22, 2026, imposed a monetary penalty of ₹3 lakh (Rupees Three Lakh only) on The Nabapalli Cooperative Bank Limited, West Bengal (the bank) for non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with S...
MUMBAI, India, June 25 -- Reserve Bank of India issued the following press release: In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated April 08, 2026, the Reserve Bank of India has released today the draft Master Direction - Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2026. Comments on the draft Directions are invited from banks, market participants and other interested stakeholders by July 17, 2026. Feedback on the...
MUMBAI, India, June 25 -- Reserve Bank of India issued the following press release: Governor, Reserve Bank of India, Shri Sanjay Malhotra today met in Mumbai with representatives of various Export Federations, Export Promotion Councils, Export Committee of Confederation of Indian Industry and Foreign Exchange Dealers' Association of India. The meeting was also attended by Deputy Governors Shri Swaminathan J., Dr. Poonam Gupta and Shri Rohit Jain and other senior officers of Reserve Bank of Ind...
MUMBAI, India, June 25 -- Reserve Bank of India issued the following press release: (For the Quarter ending September 2026) Reserve Bank of India, in consultation with the Government of India, hereby, releases the calendar for issuance of Treasury Bills for the quarter ending September 2026 as under: Notified Amount for Auction of Treasury Bills (July - September, 2026) (₹ crore) Date of Auction Date of Issue 91 Days 182 Days 364 Days Total July 01, 2026 July 02, 2026 9,000 8,000 7,000...
MUMBAI, India, June 25 -- 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, June 29, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 2 9:30 AM to 10:00 AM July 01, 2026 (Wednesday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-2022...
MUMBAI, India, June 25 -- Reserve Bank of India issued the following press release: In pursuance of the announcement made in the Union Budget for FY 2026-27 and as stated in the Statement on Developmental and Regulatory Policies dated February 06, 2026, to enable the introduction of derivatives on credit indices and total return swaps on corporate bonds, the Reserve Bank of India had issued Draft Directions on February 6, 2026, seeking feedback from market participants, stakeholders and other i...
MUMBAI, India, June 25 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released the draft Master Direction - Reserve Bank of India (Secondary Market Transactions in Government Securities) Directions, 2026. Comments on the draft Directions are invited from banks, market participants, investors and other interested stakeholders by July 17, 2026. Feedback on the draft Directions may be forwarded to: The Chief General Manager Reserve Bank of India Fi...
MUMBAI, India, June 25 -- Reserve Bank of India issued the following press release: The Reserve Bank has today released data on Money Supply for the fortnight ended on June 15, 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/540 Disclaimer: Curated by HT Syndication....