RESERVE BANK CANCELS CERTIFICATE OF REGISTRATION OF M/S N.Y.LEASING PRIVATE LIMITED DUE TO IRREGULAR LENDING PRACTICES

MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release: In exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to the following Non-Banking Financial Company (NBFC): Name of the NBFC Registered Office Address CoR No. CoR issued on Name of the service provider (mobile app) M/s N.Y. Leasing Private Limited Plot No.-54A, Third Floor, Shiv Park, Near O...


UNDERWRITING AUCTION FOR SALE OF GOVERNMENT SECURITIES FOR ₹36,000 CRORE ON MAY 30, 2025

MUMBAI, India, May 29 -- 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 May 30, 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 Dealer ...


ANNUAL REPORT FOR THE YEAR 2024-25

MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank of India released its Annual Report for 2024-25, a statutory report of its Central Board of Directors. The Report covers the working and functions of the Reserve Bank of India for the period April 2024 - March 2025. (Puneet Pancholy) Chief General Manager Press Release: 2025-2026/427 Disclaimer: Curated by HT Syndication....


RESULT OF THE DAILY VARIABLE RATE REPO (VRR) AUCTION HELD ON MAY 29, 2025

MUMBAI, India, May 29 -- 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) 3,335 Amount allotted (in ₹ crore) 3,335 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/426 Disclaimer: Curated by HT Syndication....


MONEY MARKET OPERATIONS AS ON MAY 28, 2025

MUMBAI, India, May 29 -- 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) 5,93,184.29 5.71 3.01-6.00 I. Call Money 15,980.96 5.80 4.85-5.85 II. Triparty Repo 4,02,610.35 5.71 5.65-5.85 III. Market Repo 1,73,035.98 5.71 3.01-5.90 IV. Repo in Corporate Bond 1,557.00 5.89 5.85-6.00 B. Term Segment I. Notice Money** 198.08 5.69 5.25-5.85 II. Te...


CM STRENGTHENS GRASSROOTS CONNECTION WITH VILLAGERS THROUGH 'SARKAR GAON KE DWAR' INITIATIVE AT SHARCHI IN BANJAR AREA

SHIMLA, Himachal Pradesh, May 29 -- The Department of Information and Public Relations, Himachal Pradesh issued the following press release: Directs PWD to widen and upgrade the Nagladi-Sharchi road As part of the ambitious 'Sarkar Gaon Ke Dwar' initiative of the state government, Chief Minister Thakur Sukhvinder Singh Sukhu visited the picturesque Sharchi village of Banjar constituency of Kullu district Wednesday evening. The villagers brimming with excitement extended a heartfelt and traditi...


MUKHYA MANTRI GREEN ADOPTION YOJNA APPROVED TO BOOST FOREST COVER WITH PRIVATE SECTOR SUPPORT

SHIMLA, Himachal Pradesh, May 29 -- The Department of Information and Public Relations, Himachal Pradesh issued the following press release: New forest scheme to blend corporate support with community participation Forests are indispensable for ecological balance, biodiversity conservation, climate resilience and providing livelihood opportunities for local communities. Forests are equally important for vital economic sectors like hydropower, tourism and horticulture.Recognising the potential ...


JHARKHAND HIGH COURT ISSUES ORDER ON RAM PRASAD SAHU V/S THE STATE OF JHARKHAND

RANCHI, India, May 28 -- Jharkhand High Court issued the following order on April 28: 1. Heard the parties. 2. This anticipatory bail application under Section 482 of the Bharatiya Nyaya Suraksha Sanhita, 2023, has been preferred by the petitioner apprehending his arrest, for offences under Sections 417, 419, 420, 467, 468, 471, 120-B, 323, 341, 385, 504 and 506 IPC. 3. Learned counsel representing the State and the informant oppose the prayer for anticipatory bail. 4. From the records, I...


JHARKHAND HIGH COURT ISSUES ORDER ON AKASH SHARMA AND ANOTHER V/S THE STATE OF JHARKHAND

RANCHI, India, May 28 -- Jharkhand High Court issued the following order on April 28: 1. Heard the parties. 2. This anticipatory bail application under Section 482 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, has been preferred by the petitioners apprehending their arrest for offences registered under Sections 323, 306, 420, 120-B and 34 of the Indian Penal Code. 3. Learned A.P.P. representing the State opposes the prayer for anticipatory bail. 4. The petitioners are none but t...


UTTARAKHAND HIGH COURT ISSUES JUDGEMENT ON NASEEM AHMAD V/S STATE OF UTTARAKHAND AND OTHERS

NAINITAL, India, May 28 -- Uttarakhand High Court issued the following judgment/order May 5: Learned State Counsel submits that the reliefs sought for in the instant writ petition have been answered; that encroachments have been identified and removed, and; construction of the road has already been completed. 2. There is no representation on behalf of the petitioner. 3. In view of the positive assertion made by learned State Counsel, the writ petition is dismissed as not surviving for conside...