GOVERNOR RELEASES BOOK "ASHADH KA PRATHAM DIWAS"

SHIMLA, Himachal Pradesh, Aug. 21 -- The Department of Information and Public Relations, Himachal Pradesh issued the following press release: Governor Shiv Pratap Shukla released the book "Ashadh Ka Pratham Diwas" at Raj Bhavan today. The book has been authored by Managing Director, Himachal Pradesh Backward Classes Finance & Development Corporation Prithi Pal Singh, which is a poetic Hindi rendering of the immortal classic Meghadootam by Mahakavi Kalidasa. Through this translation, the autho...


GOVERNOR PAYS TRIBUTE TO KALYAN SINGH ON HIS DEATH ANNIVERSARY

SHIMLA, Himachal Pradesh, Aug. 21 -- The Department of Information and Public Relations, Himachal Pradesh issued the following press release: Governor Shiv Pratap Shukla offered floral tributes and paid his homage on fourth death anniversary of Padma Vibhushan Kalyan Singh at Raj Bhavan today. He said that Kalyan Singh served on various prestigious positions and remained as Governor of Rajasthan and former Chief Minister of Uttar Pradesh. He recalled Kalyan Singh's significant contribution to ...


DISCUSSION PAPER ON REVIEW OF MONETARY POLICY FRAMEWORK

MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: In May 2016, the Reserve Bank of India Act, 1934 was amended to provide a statutory basis for the implementation of the flexible inflation targeting (FIT) framework in India. As per Section 45ZA of the RBI Act, 1934, the Central Government shall, in consultation with the Reserve Bank, determine the inflation target in terms of the CPI, once in every five years. The Central Government initially notified the infla...


RBI TO CONDUCT 7-DAY VARIABLE RATE REVERSE REPO (VRRR) AUCTION UNDER LAF ON AUGUST 22, 2025

MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, August 22, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,25,000 7 9:30 AM to 10:00 AM August 29, 2025 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Release...


RBI IMPOSES MONETARY PENALTY ON AYODHYA FINLEASE LIMITED

MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 14, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Ayodhya Finlease Limited (the company) for non-compliance with certain provisions of 'Master Direction - Non-Banking Financial Company - Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016' read with 'Reserve Bank of India (Non-Banking Fin...


OVERSEAS DIRECT INVESTMENT FOR JULY 2025

MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of July 2025. Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/948 Disclaimer: Curated by HT Syndication....


SCHEDULED BANKS' STATEMENT OF POSITION IN INDIA AS ON FRIDAY, AUGUST 08, 2025

MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 09-Aug-2024 25-Jul-2025* 08-Aug-2025* 09-Aug-2024 25-Jul-2025* 08-Aug-2025* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 291422.53 342422.14 341955.78 295618.64 347963.84 349533.04** b) Borrowings from banks 130962.87 105206.09 100840.03 130982.37 105216.43 100849.93 c) ...


UNDERWRITING AUCTION FOR SALE OF GOVERNMENT SECURITIES FOR ₹36,000 CRORE ON AUGUST 22, 2025

MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on August 22, 2025 (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 Dea...


RESULT OF THE OVERNIGHT VARIABLE RATE REPO (VRR) AUCTION HELD ON AUGUST 21, 2025

MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 31,025 Amount allotted (in ₹ crore) 31,025 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/945 Disclaimer: Curated by HT Syndication....


MONEY MARKET OPERATIONS AS ON AUGUST 20, 2025

MUMBAI, India, Aug. 21 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,19,310.65 5.26 0.01-6.45 I. Call Money 16,699.90 5.47 4.75-5.55 II. Triparty Repo 4,00,321.15 5.40 5.34-5.75 III. Market Repo 1,98,968.05 4.96 0.01-5.80 IV. Repo in Corporate Bond 3,321.55 5.56 5.50-6.45 B. Term Segment I. Notice Money** 137.75 5.35 5.00-5.50 II. T...