MUMBAI, India, Sept. 24 -- Reserve Bank of India issued the following speech: Distinguished guests, leaders of the banking and financial community, representatives from the fintech and technology world, colleagues from the Reserve Bank, ladies, and gentlemen, it is a pleasure to be here at the SBI Banking and Economic Conclave. 2. The theme of this year's Conclave is most timely. If we were to gauge India's performance on various parameters, we have increasingly gained share in the global econ...
MUMBAI, India, Sept. 24 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, September 25, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 3 09:30 AM to 10:00 AM September 28, 2026 (Monday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Relea...
MUMBAI, India, Sept. 24 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 22, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two lakh seventy thousand only) on KLM Axiva Finvest Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Auction' procedure. This penalty has been imposed in exercise of powers conferred on RBI under Section 58-G(1)(b) read with Sectio...
MUMBAI, India, Sept. 24 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 22, 2026, imposed a monetary penalty of ₹10 lakh (Rupees Ten Lakh only) on Hero Fincorp Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Fair Practices Code for Lenders - Charging of Interest'. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1)(b) read...
MUMBAI, India, Sept. 24 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 24, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three lakh ten thousand only) on Ola Financial Services Private Limited (the company) for non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 30(1) rea...
MUMBAI, India, Sept. 24 -- Reserve Bank of India issued the following press release: The Reserve Bank has today released data on Reserve Money (https://rbidocs.rbi.org.in/rdocs/content/docs/RM24092026.xlsx) for the fortnight ended on September 15, 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1178 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Sept. 24 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (re-issue) of Government Security, as detailed below, through auction to be held on September 25, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary De...
MUMBAI, India, Sept. 24 -- Reserve Bank of India issued the following press release: Tenor 1-day Notified Amount (in ₹ crore) 1,25,000 Total amount of offers received (in ₹ crore) 1,01,399 Amount accepted (in ₹ crore) 1,01,399 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: 2026-2027/1176 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Sept. 24 -- 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) 7,25,595.80 5.09 3.75-6.40 I. Call Money 11,812.91 5.21 4.60-5.30 II. Triparty Repo 5,27,652.25 5.10 4.90-5.24 III. Market Repo 1,78,931.14 5.06 3.75-5.35 IV. Repo in Corporate Bond 7,199.50 5.29 5.15-6.40 B. Term Segment I. Notice Money** 249.70 5.0...
India, Sept. 22 -- The Government of India has issued a release: To streamline institutional initiatives and maximize on-ground impact during the nationwide "Swachhata Hi Seva" (SHS) Campaign 2026 (being observed from September 17 to October 2, 2026), a comprehensive review and sensitization meeting was convened on September 22, 2026, at 11:00 AM under the chairmanship of the Senior Economic Advisor, Department of Fertilizers (DoF), Government of India, Shri Kuntal Sensarma. The meeting witnes...