MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: The Reserve Bank of India has sanctioned the Scheme of Amalgamation of The Bhavani Sahakari Bank Ltd., Mumbai (Maharashtra) with TJSB Sahakari Bank Ltd. (Maharashtra). The Scheme has been sanctioned in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The Scheme will come into force with effect from May 04, 2026 (Monday). The branches...
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(8)-W&M/2018 dated April 13, 2018 (SGB 2018-19 Series-I-Issue date May 04, 2018) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be May 04, 2026. 2. Further, the redemption price of SGB shall be based on simple average of...
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: It may be recalled that inFebruary 2004, the Reserve Bank initiated the practice of compiling half-yearly reports on the management of foreign exchange reserves and making them public to promote greater transparency and enhance disclosure in the management of the country's foreign exchange reserves. In this connection, Reserve Bank of India has today released the46th Half-Yearly Report on Management of Foreign...
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: The values of exports and imports of services during March 2026 are presented in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) January - 2026 38,165 (9.8) 16,631 (-0.5) February - 2026 34,708 (9.7) 16,865 (16.2) March - 2026 38,208 (7.2) 17,210 (-1.6) Note: (i) Data for January-March are provisional; and (ii) Figures in parentheses are gro...
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: Data on sectoral deployment of bank credit for the month of March 2026, collected from 41 select scheduled commercial banks (SCBs) which together account for about 95 per cent of the total non-food credit by all SCBs1, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit2 grew by 15.9 per cent as on the fortnight ended March 31, 2026, compared to 10.9 per cent during the co...
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: Tenor 4-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 25,715 Amount allotted (in ₹ crore) 25,715 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/179 Disclaimer: Curated by HT Syndication....
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on April 30, 2026, 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 Competitive...
MUMBAI, India, April 30 -- 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 Repo (VRR) auction on Thursday, April 30, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 4 10:15 AM to 10:45 AM May 04, 2026 (Monday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021...
MUMBAI, India, April 30 -- 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) 7,24,394.18 5.08 4.00-6.25 I. Call Money 22,935.99 5.16 4.50-5.27 II. Triparty Repo 5,20,850.20 5.08 5.01-5.33 III. Market Repo 1,75,000.94 5.05 4.00-5.35 IV. Repo in Corporate Bond 5,607.05 5.17 5.10-6.25 B. Term Segment I. Notice Money** 173.00 5.0...
India, April 28 -- The Government of India has issued a release: Prime Minister Shri Narendra Modi today shared glimpses from the Mahila Sammelan in Varanasi, emphasising the government's unwavering commitment to women's empowerment, the inspiring participation of Nari Shakti, and the continuous development of Kashi. In a series of posts on X, the Prime Minister wrote: "वाराणसी के महिला सम्&#...