MUMBAI, India, Dec. 1 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on November 01, 2025. 2. The facility for deposit and / or exchange of the ₹2000 banknotes was avail...
MUMBAI, India, Dec. 1 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has appointed Smt. Usha Janakiraman as Executive Director (ED) with effect from December 1, 2025. Prior to being promoted as ED, Smt. Usha Janakiraman was serving as Chief General Manager-in-Charge, Department of Regulation, Central Office, Mumbai. Smt. Usha Janakiraman has experience of over three decades in the Reserve Bank having worked in the areas of regulation, external inv...
MUMBAI, India, Dec. 1 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated November 27, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Kallidaikurichi Co-operative Urban Bank Limited, 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 ...
MUMBAI, India, Dec. 1 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated November 27, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Arni Co-operative Town Bank Limited, 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)', 'Exposure Norms and Statutory / Other Restrictions - UCBs' and 'G...
MUMBAI, India, Dec. 1 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank of India released the balance of payments (BoP) data for the second quarter (Q2), i.e., July-September of 2025-26, on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-September 2025 are detailed below in Table 1. Table 1: Sources of Variation in Foreign Exchange Reserves* (US$ billion) Items April-September 2024 A...
MUMBAI, India, Dec. 1 -- Reserve Bank of India issued the following press release: Preliminary data on India's balance of payments (BoP) for the second quarter (Q2), i.e., July-September 2025-26, are presented in Statements I and II. Key Features of India's BoP in Q2:2025-26 * India's current account deficit moderated to US$ 12.3 billion (1.3 per cent of GDP) in Q2:2025-26 from US$ 20.8 billion (2.2 per cent of GDP) in Q2:2024-25 (Table 1).1,2 * Merchandise trade deficit at US$ 87.4 bill...
MUMBAI, India, Dec. 1 -- Reserve Bank of India issued the following press release: Analysis of the performance under the Citizen's Charter during the month of November 2025 has been carried out, and the summary thereof is given below - Description No. of Applications A Applications pending at the beginning of the month 2,861 B Applications received during the month 24,078 C Referred back to applicants for additional information 397 Total (A+B-C) 26,542 D Applications processed during the mont...
MUMBAI, India, Dec. 1 -- Reserve Bank of India issued the following press release: The National Strategy for Financial Inclusion (NSFI): 2025-30, approved by the Sub-Committee of the Financial Stability and Development Council (FSDC-SC) in its 32nd meeting, was formally released by Shri Sanjay Malhotra, Governor, RBI on December 01, 2025. 2. NSFI: 2025-30 emphasises a synergistic ecosystem approach, improving the quality and consistency of last mile access and effective usage of financial serv...
MUMBAI, India, Dec. 1 -- 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 i...
MUMBAI, India, Dec. 1 -- 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) 20,883.14 5.14 3.50-5.77 I. Call Money 3,142.62 5.25 4.75-5.40 II. Triparty Repo 11,902.95 4.90 4.50-5.50 III. Market Repo 5,837.57 5.55 3.50-5.77 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - ...