MUMBAI, India, May 4 -- Reserve Bank of India issued the following press release: In pursuance of the Government of India notification dated May 02, 2026, Shri Rohit Jain assumed charge as Deputy Governor of Reserve Bank of India today (May 04, 2026) for a period of three years or until further orders, whichever is earlier. Shri Jain was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor. As Deputy Governor, Shri Jain will look after Department of Exte...
MUMBAI, India, May 4 -- Reserve Bank of India issued the following press release: The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Pusad Urban Co-operative Bank Ltd., Pusad, Dist. Yavatmal, Maharashtra, vide Directive No. NGP.DOS.SSM3.No.S611/5-04-166/2025-2026 dated November 06, 2025, for a period of six months up to the close of business on May 07, 2026. 2. The Reserve Bank of India is satisfied that in the publ...
MUMBAI, India, May 4 -- Reserve Bank of India issued the following press release: Government of India (GoI) has announced the sale (issue) of one dated security for a notified amount of ₹34,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 New GS 2036 May 11, 2036 34,000 F.No.4(1)-B(W&M)/2026 dated May 04, 2026 May 08, 2026 (Friday) May 11, 2026 (Monday) Total 34,000 ...
MUMBAI, India, May 4 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated April 29, 2026, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on Pandharpur Urban Co-operative Bank Ltd., Pandharpur, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on 'Asset classification and treatment of accounts as Non-Performing Assets'. This penalty has been imposed in exercise of powers conferred on...
MUMBAI, India, May 4 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) draws attention of the public to Press Release dated December 11, 2023 cautioning members of the public on false and misleading campaigns promising loan waivers. RBI has observed, with serious concern, the continued occurrence of such campaigns, through various media channels and direct outreach, by certain individuals and entities. Such campaigns not only mislead the general public...
MUMBAI, India, May 4 -- Reserve Bank of India issued the following press release: Analysis of the performance under the Citizen's Charter during the month of April 2026 has been carried out, and the summary thereof is given below - Description No. of Applications A Applications pending at the beginning of the month 3,452 B Applications received during the month 18,270 C Referred back to applicants for additional information 572 Total (A+B-C) 21,150 D Applications processed during the month ...
MUMBAI, India, May 4 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated April 29, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on Mogaveera Co-operative Bank Ltd., Mumbai (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 powers conferred on RBI un...
MUMBAI, India, May 4 -- 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 in...
MUMBAI, India, May 4 -- 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) 21,797.63 4.79 4.00-5.35 I. Call Money 1,810.55 4.92 4.50-5.35 II. Triparty Repo 18,350.70 4.81 4.00-5.15 III. Market Repo 1,636.38 4.39 4.01-5.00 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - I...
MUMBAI, India, May 4 -- 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 in...