MUMBAI, India, May 18 -- Reserve Bank of India issued the following press release: Tenor 7-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 16,005 Amount allotted (in ₹ crore) 16,005 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/274 Disclaimer: Curated by HT Syndication....
MUMBAI, India, May 18 -- 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) 13,701.83 5.17 4.50-5.54 I. Call Money 1,067.80 4.87 4.60-4.95 II. Triparty Repo 5,864.40 5.25 4.70-5.54 III. Market Repo 475.63 4.74 4.50-4.95 IV. Repo in Corporate Bond 6,294.00 5.17 5.15-5.30 B. Term Segment I. Notice Money** 14,148.53 5.24 4.60-5.3...
MUMBAI, India, May 18 -- Reserve Bank of India issued the following speech: Good morning, Adam and my fellow panellists. 1. First of all, let me quote Alan Greenspan, former Chair of the Federal Reserve who said that "uncertainty is not just an important feature of the monetary policy landscape; it is the defining characteristic of that landscape". In other words, uncertainty is the only certainty in monetary policy. 2. This is so because even in times of low uncertainty and volatility, the e...
MUMBAI, India, May 18 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has appointed Shri Gunveer Singh as Executive Director (ED) with effect from May 18, 2026. Prior to his promotion as ED, Shri Singh was serving as Chief General Manager-in-Charge of the Department of Payment and Settlement Systems of the Bank. Shri Singh has an experience of over three decades in the Reserve Bank having worked in the areas of payment and settlement systems, banki...
MUMBAI, India, May 18 -- Reserve Bank of India issued the following press release: Reserve Bank of India had issued the draft Amendment Directions proposing review of the norms on Investment Fluctuation Reserve (IFR) for various bank categories, seeking feedback from stakeholders. The draft Amendment Directions proposed (i) to dispense with the IFR requirement for bank categories maintaining capital charge for market risk and following the revised norms on classification, valuation, and operati...
MUMBAI, India, May 18 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-II-Issue date May 19, 2020) 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 next due date of premature redemption of the above tranche shall be on May 19, 2026. 2. Further,...
MUMBAI, India, May 18 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated May 14, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on The Aurangabad District Central Co-operative Bank Limited, Bihar (the bank) for non-compliance with certain directions issued by RBI on 'Credit Information Reporting'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section...
MUMBAI, India, May 18 -- Reserve Bank of India issued the following press release: It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), the Reserve Bank of India (RBI) vide Directive Ref. No. LKO.DOS.SED.No S29 /12-03-000/2026-2027 dated May 15, 2026, has issued certain Directions to Nagar Sahakari Bank Ltd., Etawah ("th...
MUMBAI, India, May 18 -- Reserve Bank of India issued the following press release: The Reserve Bank has today published the half-yearly Payment System Report, December 2025. This report, in addition to analysing the trends in payment transactions carried out using various payment systems in India during the last five calendar years up to the second half of the calendar year 2025, covers major recent regulatory developments in the domestic payments ecosystem. The role of Central Counterparties (...
MUMBAI, India, May 18 -- Reserve Bank of India issued the following press release: As per the framework on countercyclical capital buffer (CCyB) laid out in Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Directions, 2025, it was advised that CCyB would be activated as and when circumstances warranted, and that the decision would normally be pre-announced. The framework envisages credit-to-GDP gap as the main indicator, which may be used in conjunction with other...