MUMBAI, India, April 6 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Baghat Urban Co-operative Bank Limited, Solan vide Directive SML.DCBS.CRRB.No.S79/02-31-005/2025-2026 dated October 06, 2025, for a period of six months from close of business on October 08, 2025 up to close of business on April 08, 2026. The Reserve Bank of India is satisfied that in the...
MUMBAI, India, April 6 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Ramgarhia Co-operative Bank Ltd., New Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 dated July 07, 2022 for a period of six months up to close of business on January 08, 2023, which was last extended up to close of business on April 08, 2026 vide Directive No. DOR.MON.D...
MUMBAI, India, April 6 -- Reserve Bank of India issued the following press release: Government of India (GoI) has announced the sale (re-issue) of one dated security for a notified amount of ₹34,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.48% GS 2035 October 06, 2035 34,000 F.No.4(1)-B(W&M)/2026 dated April 06, 2026 April 10, 2026 (Friday) April 13, 2026 (Monday) ...
MUMBAI, India, April 6 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated April 2, 2026, imposed a monetary penalty of ₹1.09 lakh (Rupees One Lakh Nine Thousand only) on Dr. Panjabrao Deshmukh Urban Cooperative Bank Ltd., Amravati, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on 'Classification, Valuation and Operation of Investment Portfolio of Primary (Urban) Co-operative Banks', 'Exposu...
MUMBAI, India, April 6 -- Reserve Bank of India issued the following press release: Business Correspondents have been functioning as critical enablers of last mile access to financial services, particularly in respect of underserved, rural, and remote locations. Reserve Bank had set up a committee, consisting of officials from Reserve Bank, DFS, IBA and NABARD, to comprehensively examine their operations and make suitable recommendations for enhancing their efficiency. Based on the committee's...
MUMBAI, India, April 6 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI), vide order dated April 02, 2026, has cancelled the licence of "The Shirpur Merchants' Co-operative Bank Ltd., Shirpur", under Section 22 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). Consequently, the bank ceases to carry on banking business, with effect from the close of business on April 06, 2026. The Commissioner for Cooperation, Registrar of Cooperative S...
MUMBAI, India, April 6 -- Reserve Bank of India issued the following press release: The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur, Madhya Pradesh, vide Directive No. BPL.DOS.SED.No.S1638/12.07.054/2025-26 dated October 06, 2025, for a period of six months up to the close of business on April 07, 2026. 2. The Reserve Bank of India is satisfied that in the public inte...
MUMBAI, India, April 6 -- 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) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo ...
MUMBAI, India, April 6 -- 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) 33,621.38 4.42 2.00-5.10 I. Call Money 3,317.75 4.78 3.00-5.10 II. Triparty Repo 29,974.70 4.38 2.00-5.10 III. Market Repo 328.93 3.96 3.50-4.50 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - I...
MUMBAI, India, April 6 -- 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) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo ...