MUMBAI, India, March 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat with Akhand Anand Co-operative Bank Ltd., Surat, Gujarat. The Scheme will come into effect from March 23, 2026 (Monday). All the branches of Lalbaug Co-operative...
MUMBAI, India, March 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated March 18, 2026, imposed a monetary penalty of ₹31.80 lakh (Rupees Thirty One Lakh Eighty Thousand only) on The Hongkong and Shanghai Banking Corporation Limited (the bank) for non-compliance with certain directions issued by RBI on 'Inoperative Accounts / Unclaimed Deposits in Banks - Revised Instructions'. This penalty has been imposed in exercise of...
MUMBAI, India, March 20 -- Reserve Bank of India issued the following press release: Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 15,000 March 25, 2026 (Wednesday) March 27, 2026 (Friday) 2 182-Day 12,000 3 364-Day 8,000 Total 35,000 The sale will be subject to the terms and conditions specified in the General Notification F.No....
MUMBAI, India, March 20 -- Reserve Bank of India issued the following press release: The rate of interest on Government of India Floating Rate Bond 2033 (FRB 2033) applicable for the half year March 22, 2026 to September 21, 2026 shall be 6.75 percent per annum. It may be recalled that FRB 2033 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day, i.e., March 22, 2026) of 182 Day T-Bills, plus a f...
MUMBAI, India, March 20 -- Reserve Bank of India issued the following press release: 1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Mar. 14 Mar. 06 Mar. 13 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 23828 36708 21412 -15296 -2416 * Data are provisional; difference, if any, is due to rounding off. 2. Foreign Exchange Reserves* Item As on Mar. 13, 2026 Variation over Week End-March 2025 Year &...
MUMBAI, India, March 20 -- Reserve Bank of India issued the following press release: The 622nd meeting of the Central Board of Directors of Reserve Bank of India was held today in Patna under the Chairmanship of Shri Sanjay Malhotra, Governor. The Board assessed the emerging global and domestic economic scenario, including the evolving geopolitical developments and their impact on financial markets, along with associated challenges. The Board approved the Bank's budget for the accounting year ...
MUMBAI, India, March 20 -- 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...
MUMBAI, India, March 20 -- Reserve Bank of India issued the following press release: Tenor 3-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 25,101 Amount allotted (in ₹ crore) 25,101 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: 2025-2026/2290 Disclaimer: Curated by HT Syndication....
MUMBAI, India, March 20 -- 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) 6,91,286.97 5.16 2.00-6.20 I. Call Money 19,012.52 5.29 4.50-5.40 II. Triparty Repo 4,79,785.90 5.17 5.00-5.50 III. Market Repo 1,85,865.20 5.12 2.00-5.50 IV. Repo in Corporate Bond 6,623.35 5.37 5.30-6.20 B. Term Segment I. Notice Money** 1,849.85 5...
IMPHAL, India, March 19 -- Manipur High Court issued the following order on Feb. 16: [1] Present Mr. N. Jotendro, learned sr. counsel for the petitioner and Mr. S. Niranjan, learned GA for the State respondents. [2] List these cases on 18.02.2026. [3] Earlier interim order is extended till the next date. Disclaimer: Curated by HT Syndication....