MUMBAI, India, Aug. 31 -- 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 second Variable Rate Reverse Repo (VRRR) auction on Monday, August 31, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 4,00,000 1 11:00 AM to 11:30 AM September 01, 2026 (Tuesday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press R...
MUMBAI, India, Aug. 31 -- 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) 11,384.73 4.75 4.00-5.25 I. Call Money 1,590.40 4.95 4.50-5.15 II. Triparty Repo 9,323.65 4.72 4.00-5.10 III. Market Repo 470.68 4.58 4.15-5.25 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - II...
MUMBAI, India, Aug. 31 -- Reserve Bank of India issued the following press release: Data on sectoral deployment of bank credit for the month of July 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 (https://rbidocs.rbi.org.in/rdocs/content/docs/SIBCSJ26E31082026ENG.xlsx). On a year-on-year (y-o-y) basis, non-food bank credit2 grew by 19.1 per cent as on the...
MUMBAI, India, Aug. 31 -- 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 Tuesday, September 01, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 6,00,000 7 09:30 AM to 10:00 AM September 08, 2026 (Tuesday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Rele...
MUMBAI, India, Aug. 31 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 28, 2026, imposed a monetary penalty of ₹2.03 lakh (Rupees Two Lakh and Three Thousand only) on Jai Bhawani Sahakari Bank Ltd., Pune, (the bank) for non-compliance with certain directions issued by RBI on 'Membership of Credit Information Companies (CICs) by Co-operative Banks' and 'Know Your Customer (KYC)'. This penalty has been imposed in exe...
MUMBAI, India, Aug. 31 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 25, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on The Mumbai District Central Co-operative Bank Ltd., Maharashtra (the bank) for non-compliance with certain directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47...
MUMBAI, India, Aug. 31 -- Reserve Bank of India issued the following press release: Data on lending and deposit rates (https://rbidocs.rbi.org.in/rdocs/content/docs/MLDRSCB31082026ENG.xlsx) of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during August 2026 are set out in Tables 1 to 9. Highlights: Lending Rates: * The weighted average lending rate (WALR) on outstanding rupee loans of SCBs stood at 8.97 per cent in July 2026 (8.96 per c...
MUMBAI, India, Aug. 31 -- Reserve Bank of India issued the following press release: The values of exports and imports of services during July 2026 are presented in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) April - 2026 37,021 (12.7) 18,417 (8.9) May - 2026 33,355 (2.8) 17,637 (5.6) June - 2026 36,371 (13.3) 18,477 (16.2) July - 2026 38,253 (13.4) 20,606 (19.1) Note: (i) Data for April-July are provisional. (ii) Figur...
MUMBAI, India, Aug. 31 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank released the web publication 'Quarterly Basic Statistical Return (BSR)-2 on Deposits with Scheduled Commercial BanksStatistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in India).">1 - June 20262' on its 'Database on Indian Economy' portal3 (https://data.rbi.org.in Homepage > Publications). Scheduled commercial banks (SCBs), excluding regional rural banks, report qu...
MUMBAI, India, Aug. 31 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank released its web publication entitled 'Quarterly Basic Statistical Return (BSR)-1 on Credit by Scheduled Commercial Banks (SCBs)Statistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in India) and aggregate level monthly data on sectoral deployment of bank credit for June 2026, reported by select major banks, were also released on the website (Home>Statistics>Data Rele...