MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: (Amount in ₹ Crore) Auction Results 6.01% GS 2030 New GS 2055 I. Notified Amount 15,000 13,000 II. Competitive Bids Received (i) Number 165 259 (ii) Amount 34,811.000 46,545.000 III. Cut-off price / Yield 98.96 100.00 (YTM: 6.2572%) (YTM: 7.2400%) IV. Competitive Bids Accepted (i) Number 65 77 (ii) Amount 14,995.643 12,996.514 V. Partial Allotment Percentage of Competitive Bids 86.0085% 41.5335% (10 bi...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 12, 2025, imposed a monetary penalty of ₹4.20 lakh (Rupees Four Lakh Twenty Thousand only) on Maharashtra Gramin Bank, Aurangabad (the bank) for non-compliance with certain directions issued by National Bank for Agriculture and Rural Development (NABARD) on 'Offsite Surveillance System - Revision of Due dates for Submission of OSS/FMS Returns' a...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on August 14, 2025, 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 Competitiv...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,24,770.93 5.35 2.50-6.45 I. Call Money 13,293.67 5.46 4.75-5.55 II. Triparty Repo 4,13,411.25 5.36 5.10-5.50 III. Market Repo 1,94,366.96 5.33 2.50-6.00 IV. Repo in Corporate Bond 3,699.05 5.61 5.55-6.45 B. Term Segment I. Notice Money** 140.75 5.38 5.00-5.50 II. T...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Monday, August 18, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 3 9:30 AM to 10:00 AM August 21, 2025 (Thursday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Release...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: In the Fifth Cohort of the Regulatory Sandbox (RS) which was 'Theme Neutral', five entities were shortlisted to commence testing of their products, which was communicated vide Press Release dated July 26, 2024. 2. Products of the entities which completed the 'Test Phase' were evaluated based on mutually agreed test scenarios and expected outcomes. Accordingly, one product outlined below has been found viable wi...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: Reserve Bank of India has been reviewing and rationalising the regulations issued under FEMA, 1999 with an intent to promote ease of doing business. On a review, it has been decided to rationalise regulations pertaining to guarantees issued under FEMA, 1999. Salient features of proposed regulations are as under: * The regulations are principle based and in general guarantees involving cross border transaction...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated August 08, 2025, imposed a monetary penalty of ₹2.50 lakh (Rupees Two Lakh Fifty Thousand only) on Shree Bharat Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on 'Inspection & Audit Systems in Primary (Urban) Co- operative Banks', 'Income Recognition, Asset Classification, Provisioning and ...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated August 08, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Sardargunj Mercantile Co-operative Bank Limited, Patan, Gujarat (the bank) for non-compliance with certain directions issued by RBI on 'Co-operative Banks - Interest Rate on Deposits'. This penalty has been imposed in exercise of powers conferred on RBI under the provision...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated August 08, 2025, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Sarvodaya Commercial Cooperative Bank Ltd., Dist. Mehsana, Gujarat (the bank) for non-compliance with certain directions issued by RBI on 'Donations / Contributions for public / charitable purposes out of profits of UCBs', 'Financial Statements - Presentation and Disclosu...