MUMBAI, India, July 17 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on July 17, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rate 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 Un...
MUMBAI, India, July 17 -- 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 Repo (VRR) auction on Friday, July 17, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 10:45 AM to 11:15 AM July 20, 2026 (Monday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021...
MUMBAI, India, July 17 -- 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) 6,82,567.89 5.31 4.00-6.80 I. Call Money 21,228.64 5.35 4.60-5.70 II. Triparty Repo 4,71,326.30 5.32 5.20-5.85 III. Market Repo 1,82,271.60 5.28 4.00-5.90 IV. Repo in Corporate Bond 7,741.35 5.42 5.35-6.80 B. Term Segment I. Notice Money** 427.65 5.27...
NEW DELHI, July 17 -- The Government of India issued the following FEMA circular: RBI/2026-27/203 A.P. (DIR Series) Circular No.19 July 17, 2026 To, All Authorised Dealer Category-I banks Madam/Sir Special Rupee Vostro Accounts (SRVAs) Attention of authorised dealer banks is invited to the following circulars on International Trade Settlement in Indian Rupees (INR): A.P. (DIR Series) Circular No. 10 dated July 11, 2022, Circular No. 08 dated November 17, 2023, Circular No. 11 dated June ...
MUMBAI, India, July 17 -- 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 Repo (VRR) auction on Monday, July 20, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,25,000 7 09:30 AM to 10:00 AM July 27, 2026 (Monday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-20...
MUMBAI, India, July 17 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-X-Issue date January 19, 2021) and in terms of GOI notification F.No.4(5)-B(W&M)/2021 dated May 12, 2021 (SGB 2021-22 Series-IV-Issue date July 20, 2021) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which intere...
MUMBAI, India, July 17 -- Reserve Bank of India issued the following press release: It is hereby notified for the information of the public that in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949, read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No.S2909/12-22-395/2026-2027 dated July 16, 2026, has issued certain Directions to Padmashri Dr. Vithalrao Vikhe Patil ...
MUMBAI, India, July 17 -- 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 9,000 July 22, 2026 (Wednesday) July 23, 2026 (Thursday) 2 182-Day 8,000 3 364-Day 7,000 Total 24,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(...
MUMBAI, India, July 17 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Avail Financial Services Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Governance' and 'Credit/Investment Concentration Norms'. This penalty has been imposed in exercise of powers conferred on RBI unde...
MUMBAI, India, July 17 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated July 13, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Muthoot Vehicle and Asset Finance Limited (the company) for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions' issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI und...