MUMBAI, India, Aug. 1 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on August 01, 2025, 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, Aug. 1 -- Reserve Bank of India issued the following press release: The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹27,100 Crore (Face Value). Sr. No. State/ UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1500 06 Yield 1500 08 Yield 2000 09 Yield 2. Assam 900 10 Yield 3. Bihar 2000 15 Yield 4. Jammu and Kashmir 800 06 Yield 5. Kerala 1000 16 Yield 6. Madhya Pradesh 1600 18 ...
MUMBAI, India, Aug. 1 -- 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 New India Co-operative Bank Ltd., Mumbai with Saraswat Co-operative Bank Ltd., Mumbai. The Scheme will come into force with effect from August 04, 2025 (Monday). All the branches of New India Co-operative Bank Ltd...
MUMBAI, India, Aug. 1 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on July 01, 2025. 2. The facility for deposit and / or exchange of the ₹2000 banknotes was available...
MUMBAI, India, Aug. 1 -- Reserve Bank of India issued the following press release: (Amount in ₹ Crore) Auction Results 6.68% GS 2040 6.90% GS 2065 I. Notified Amount 16,000 16,000 II. Competitive Bids Received (i) Number 270 266 (ii) Amount 38,490.581 45,927.000 III. Cut-off price/Yield 99.82 97.58 (YTM: 6.6985%) (YTM: 7.0818%) IV. Competitive Bids Accepted (i) Number 154 55 (ii) Amount 15,984.957 15,958.128 V. Partial Allotment Percentage of Competitive Bids 2.7766% 38.3371% (20 bids...
MUMBAI, India, Aug. 1 -- Reserve Bank of India issued the following press release: 6.68% GS 2040 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹16,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 99.82/6.6985% 97.58/7.0818% III. Amount accepted in the auction ₹16,000 crore ₹16,000 crore IV. Devolvement on Primary Dealers NIL NIL Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/823 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Aug. 1 -- Reserve Bank of India issued the following press release: Tenor 7-day Notified Amount (in ₹ crore) 2,00,000 Total amount of offers received (in ₹ crore) 1,71,795 Amount accepted (in ₹ crore) 1,71,795 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/822 Disclaimer: Curated by HT Syndication....
India, July 31 -- The Government of India issued the following news release: Pension Adalat is an instrument of administrative reforms of the Government which has adopted a citizen-centric approach. It provides an additional forum for redressal of long pending pension related grievances of Central Government Pensioners, thereby obviating the need to approach Court/ CAT. In 13 Pension Adalats that have been held so far, out of 25,831 grievances, 18,481 have been disposed off. This shows a health...
India, July 31 -- The Government of India issued the following news release: A total of 63,310 pension related grievances were received, out of which 55,554 were resolved through the Centralized Pension Grievances Redress and Monitoring System (CPENGRAMS) portal during 2025 (from 01.01.2025 to 15.07.2025). The rate of grievances redressed on CPENGRAMS Portal has come down from 35 days in January, 2025 to 20 days in July, 2025 reflecting the timely and effective resolution of pensioners' concer...
India, July 31 -- The Government of India issued the following news release: The Civil Services Examination (CSE) is conducted annually by the Union Public Service Commission (UPSC) in accordance with the Civil Service Examination (CSE) Rules notified by the Department of Personnel and Training (DoPT). The CSE Rules are finalised by this Department in consultation with various stakeholders including the UPSC, Cadre Controlling Authorities (CCAs) of participating Services and other Ministries/ D...