DY CM URGES NITIN GADKARI TO GRANT ALL INDIA TAXI PERMIT FOR 15 YEARS

SHIMLA, Himachal Pradesh, June 9 -- The Department of Information and Public Relations, Himachal Pradesh issued the following press release: Deputy Chief Minister Mukesh Agnihotri met Union Minister of Road Transport & Highways Nitin Gadkari at his residence in New Delhi today and thanked him for extending a generous hand towards Himachal Pradesh. He stated that in view of its diverse topographical conditions, the development of hilly states like Himachal Pradesh solely depends upon...


CM DIRECTS TO COMPLETE SHONGTONG-KARCHAM HYDROELECTRIC PROJECT BY NOVEMBER 2026

SHIMLA, Himachal Pradesh, June 9 -- The Department of Information and Public Relations, Himachal Pradesh issued the following press release: Would earn revenue of Rs. 1000 crore on completion Chief Minister Thakur Sukhvinder Singh Sukhu today visited the site of Shongtong-Karcham hydroelectric project in Kinnaur district to inspect the ongoing developmental works and inspected He inspected the power house site at Karcham and visited the barrage site Powari, of this proje...


RESULT OF THE DAILY VARIABLE RATE REPO (VRR) AUCTION HELD ON JUNE 09, 2025

MUMBAI, India, June 9 -- Reserve Bank of India issued the following press release: Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 3,711 Amount allotted (in ₹ crore) 3,711 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: 2025-2026/511 Disclaimer: Curated by HT Syndication....


DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - PUNE SAHAKARI BANK LTD., SHIVAJINAGAR, PUNE - EXTENSION OF PERIOD

MUMBAI, India, June 9 -- Reserve Bank of India issued the following press release: The Reserve Bank of India, vide directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, had placed Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra under Directions from the close of business on March 10, 2023, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to close of business on June 10, 2025. 2. It is hereby notified for the...


DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - NATIONAL MERCANTILE CO-OPERATIVE BANK LTD., LUCKNOW - EXTENSION OF PERIOD

MUMBAI, India, June 9 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to National Mercantile Co-operative Bank Ltd., Lucknow vide Directive No. LKO.DOS.SED.No.S875/10-03-759/2022-2023 dated March 09, 2023, for a period of six months up to close of business on September 10, 2023, as modified from time to time, which were last extended up to close of business on June...


MONEY MARKET OPERATIONS AS ON JUNE 06, 2025

MUMBAI, India, June 9 -- 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) 6,09,302.10 5.33 3.50-5.65 I. Call Money 12,631.52 5.42 4.85-5.50 II. Triparty Repo 4,07,021.70 5.29 5.05-5.59 III. Market Repo 1,87,798.88 5.41 3.50-5.65 IV. Repo in Corporate Bond 1,850.00 5.67 6.60-5.55 B. Term Segment I. Notice Money** 141.75 5.36 4.85-5.50 II. Te...


BASEL III CAPITAL REGULATIONS - EXTERNAL CREDIT ASSESSMENT INSTITUTION (ECAI)

MUMBAI, India, June 9 -- Reserve Bank of India issued the following notification: RBI/2025-26/50 DOR.STR.REC.29/21.06.008/2025-26 June 09, 2025 All Scheduled Commercial Banks (including Small Finance Banks) (excluding Local Area Banks, Payments Banks and Regional Rural Banks) Dear Sir/ Madam, Basel III Capital Regulations - External Credit Assessment Institution (ECAI) Please refer to paragraph 6.1.2 of the Master Circular No. DOR.CAP.REC.2/21.06.201/2025-26 dated April 1, 2025 on Basel...


NON-ACHIEVEMENT OF PSL TARGETS - PRUDENTIAL TREATMENT OF CONTRIBUTION TOWARDS ELIGIBLE FUNDS WITH NABARD, NHB, SIDBI AND MUDRA LTD.

MUMBAI, India, June 9 -- Reserve Bank of India issued the following notification: RBI/2025-26/49 DoR.CRE.REC.28/07.10.002/2025-26 June 9, 2025 Primary (Urban) Co-operative Banks other than Salary Earners' Banks Madam / Dear Sir, Non-achievement of PSL targets - Prudential treatment of contribution towards eligible funds with NABARD, NHB, SIDBI and MUDRA Ltd. A. Exemption from exposure norms In terms of para 2.1 of circular DOR (PCB).BPD.Cir No.10/13.05.000/2019-20 dated March 13, 20...


LARGE EXPOSURES FRAMEWORK - AMENDMENT IN THE LIST OF EXEMPTED EXPOSURES

MUMBAI, India, June 9 -- Reserve Bank of India issued the following notification: RBI/2025-26/48 DOR.CRE.REC.27/21.01.003/2025-26 June 9, 2025 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam / Dear Sir, Large Exposures Framework - Amendment in the list of exempted exposures Please refer to paragraph 3.1 of the Annex to the circular DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 on 'Large Exposures Framework' (LEF) in terms of which "deposits maintained with NA...


MOVING THE BOUNDARIES OF FINANCIAL INCLUSION- A REGULATORY PERSPECTIVE (ADDRESS DELIVERED BY SHRI M RAJESHWAR RAO, DEPUTY GOVERNOR, RESERVE BANK OF INDIA - JUNE 05, 2025 - AT HSBC'S EVENT FOR FINANCIAL INCLUSION IN MUMBAI)

MUMBAI, India, June 9 -- Reserve Bank of India issued the following speech: Distinguished guests, participants, ladies and gentlemen, Good evening. At the outset, let me thank the organisers for inviting me to share some of my thoughts on the theme of financial inclusion. Before that, let me take a moment to acknowledge that today i.e., June 05, 2025, is the World Environment Day, an UN-recognized day that brings together people across the globe in a shared mission to safeguard and restore our...