MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 19, 2026, imposed a monetary penalty of ₹8.10 lakh (Rupees Eight Lakh Ten Thousand only) on Shri Ram Finance Corporation Private Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Governance' and the 'Reserve Bank of India (Know Your Customer (KYC)) Directions'. This penalty has been imposed in e...
MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: The 624th meeting of the Central Board of Directors of Reserve Bank of India was held today in Chennai under the Chairmanship of Shri Sanjay Malhotra, Governor. The Board in its meeting reviewed the current economic situation, global and domestic challenges including risks to the economic outlook. The Board also reviewed various areas of operations of the Reserve Bank including the functioning of its Committees...
MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: In terms of Para 13 of the Consolidated Procedural Guidelines on the Sovereign Gold Bond (SGB) Scheme issued by the Reserve Bank of India vide circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021, premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds. 2. Accordingly, the details of tranches falling due for premature redemption during the period Octo...
MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: Tenor 3-day Notified Amount (in ₹ crore) 1,50,000 Total amount of offers received (in ₹ crore) 95,970 Amount accepted (in ₹ crore) 95,970 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/937 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on August 21, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rate for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive ...
MUMBAI, India, Aug. 21 -- 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) 6,43,139.41 5.05 2.45-5.65 I. Call Money 15,676.67 5.16 4.60-5.20 II. Triparty Repo 4,41,475.00 5.05 4.90-5.32 III. Market Repo 1,79,010.04 5.01 2.45-5.65 IV. Repo in Corporate Bond 6,977.70 5.28 5.20-5.40 B. Term Segment I. Notice Money** 515.55 5.13...
India, Aug. 19 -- The Government of India has issued a release: The National Human Rights Commission (NHRC), India has taken suo motu cognizance of a media report that two men from Manipur were assaulted by two persons in the Munirka area of Delhi. Reportedly, one of the victims sustained serious head injuries and has been put on a ventilator at a hospital. The Commission has observed that the contents of the news report, if true, raise serious issues of violation of human rights. Therefore, i...
India, Aug. 19 -- The Government of India has issued a release: A group of Officer Trainees of the Indian Information Service and the Indian Statistical Service called on the President of India, Smt. Droupadi Murmu at Rashtrapati Bhavan today (August 19, 2026). Addressing the officer trainees, the President said that both the Indian Information Service and the Indian Statistical Service, though different in functions, share a common purpose, which is to strengthen the quality of governance and...
India, Aug. 19 -- The Government of India has issued a release: Vice President Shri C. P. Radhakrishnan today addressed the Indian Forest Service (IFS) probationers of the 2025-2027 batch and officers of the Royal Bhutan Forest Service undergoing training at the Indira Gandhi National Forest Academy (IGNFA), Dehradun. Earlier, upon his arrival at Jolly Grant Airport, Dehradun, today, the Vice President was warmly welcomed by the Governor of Uttarakhand, Lt. Gen. Gurmit Singh (Retd.), the Chief...
India, Aug. 19 -- The Government of India has issued a release: The Prime Minister, Shri Narendra Modi has expressed deep sorrow over the loss of lives due to a fire mishap in Kolkata. The Prime Minister conveyed his condolences to those who have lost their loved ones in the tragedy and prayed for the speedy recovery of the injured. He said that the local administration is assisting those who are affected. The Prime Minister's Office posted on X; "Extremely pained to learn about the loss of ...