MUMBAI, India, Nov. 28 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on November 28, 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 Competiti...
NEW DELHI, Nov. 28 -- The Government of India issued the following FEMA circular: RBI/2025-26/99 A.P. (DIR Series) Circular No. 16 November 28, 2025 All Authorised Persons Madam / Sir, Compliance with Know Your Customer (KYC) norms Attention of Authorised Persons is invited to instructions contained in Section I and Section VI of 'Master Direction - Money Changing Activities'; Para 27(4) of 'Master Direction - Overseas Investment'; Para 6.5 of 'Master Direction - Other Remittance Faciliti...
MUMBAI, India, Nov. 28 -- 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, December 01, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 9:30 AM to 10:00 AM December 05, 2025 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Releas...
MUMBAI, India, Nov. 28 -- Reserve Bank of India issued the following press release: The Reserve Bank of India had issued draft Master Directions on Digital Banking Channels Authorisation, 2025 on July 21, 2025, seeking feedback from banks and other stakeholders. The Reserve Bank has issued instructions from time-to-time governing internet and mobile banking services offered by various categories of banks. These services have evolved significantly since issue of the initial guidelines, as new an...
MUMBAI, India, Nov. 28 -- Reserve Bank of India issued the following press release: The Reserve Bank has issued numerous directions over the years, under the statutory powers conferred upon it by various Acts. While increase in regulatory guidelines is a natural process as the financial system evolves, this was further driven by an expanding regulatory perimeter, distributed supervisory/ regulatory jurisdiction over certain regulated entities, and non-repeal of some of the earlier instructions ...
MUMBAI, India, Nov. 28 -- Reserve Bank of India issued the following press release: Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of November 2025 are set out in Tables 1 to 7. Highlights: Lending Rates: * The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 8.64 per cent in October 2025 (8.50 per cent in September 2025). * The WALR on outstanding rupee l...
MUMBAI, India, Nov. 28 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated November 25, 2025, imposed a monetary penalty of ₹3.10 lakh (Rupees Three lakh ten thousand only) on Mannakrishna Investments Private Limited (the company) for non-compliance with certain provisions of the 'Master Direction - Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023' issued by RBI, relating to 'Gov...
MUMBAI, India, Nov. 28 -- Reserve Bank of India issued the following press release: The value of exports and imports of services during October 2025 is presented in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) July - 2025 33,740 (10.2) 17,293 (8.5) August - 2025 31,191 (2.7) 15,591 (-5.3) September - 2025 36,674 (12.5) 17,842 (7.8) October - 2025 35,167 (2.2) 17,729 (2.9) Note: (i) Data for July-October are provisional...
MUMBAI, India, Nov. 28 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank released the web publication 'Quarterly Basic Statistical Return (BSR)-2 on Deposits with Scheduled Commercial BanksStatistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in India).">1 - September 20252' on its 'Database on Indian Economy' portal3 (https://data.rbi.org.in Homepage > Publications). Scheduled commercial banks (SCBs), excluding regional rural banks, rep...
MUMBAI, India, Nov. 28 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank released its web publication entitled 'Quarterly Basic Statistical Return (BSR)-1 on Credit by Scheduled Commercial Banks (SCBs)Statistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in India) and aggregate level monthly data on sectoral deployment of bank credit for September 2025, reported by select major banks, were also released on the website (Home>Statistics>Data...