MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on August 07, 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 U...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Urban Co-operative Bank Limited, Dehradun vide Directive No. DDN.DOS.QAG.No.S168/03-04-007/2025-2026 dated February 09, 2026, for a period of 06 months from close of business on February 10, 2026 up to close of business on August 10, 2026. The Reserve Bank of India is satisfied that in the pub...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following notification: RBI/2026-27/232 FIDD.CO.PSD.BC.No.08/04.09.001/2026-27 August 07, 2026 Reserve Bank of India (Priority Sector Lending - Targets and Classification) Second Amendment Directions, 2026 Please refer to the Governor's Statement dated June 5, 2026, and RBI circular FMOD.MAOG.No.S-56/01.06.016/2026-27 dated June 08, 2026 on 'Swap Facility for FCNR (B) Deposits', wherein it has been decided to introduce a US Dollar-Ru...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹15,300 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 - 09 Yield 1200 - Re-issue of 7.65% Andhra Pradesh SGS 2043, issued on March 11, 2026 Price 1600 - 30 Yield 2. Guj...
MUMBAI, India, Aug. 7 -- 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 Monday, August 10, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,00,000 7 09:30 AM to 10:00 AM August 17, 2026 (Monday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Release 2019-...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 03, 2026, imposed a monetary penalty of ₹5.40 lakh (Rupees Five lakh forty thousand only) on Infinity Fincorp Solutions Private Limited (the company) for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions' and the directions issued by RBI on 'Fair Practice Code'. This penalty has been impose...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 03, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two lakh seventy thousand only) on Namdev Finvest Limited (formerly known as Namdev Finvest Private Limited) (the company) for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions' issued by RBI. This penalty has been imposed in exerci...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 03, 2026, imposed a monetary penalty of ₹3.90 lakh (Rupees Three lakh ninety thousand only) on Utsav Securities Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Governance' and 'Submission of data to Credit Information Companies (CICs)'. This penalty has been imposed in exercise of powers confer...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: Data on sectoral deployment of credit by non-banking financial companies (NBFCs) for the month of June 2026, collected from major NBFCs and housing finance companies (HFCs), are set out in the Statement1. On a year-on-year (y-o-y) basis, NBFCs' credit registered a growth of 14.4 per cent in June 2026 as compared to 11.1 per cent a year ago. Highlights of the sectoral deployment of credit by NBFCs for the month ...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: Credit Valuation Adjustment (CVA) reflects the adjustment to the default risk-free prices of derivatives to account for potential counterparty default. CVA risk refers to losses resulting from changes in CVA values, driven by shifts in counterparty credit spreads and market risk factors. The CVA capital charge ensures banks hold sufficient capital to cover these risks. 2. The extant CVA framework was issued by t...