SHIMLA, Himachal Pradesh, July 28 -- The Department of Information and Public Relations, Himachal Pradesh issued the following press release: In a meeting held today under the chairmanship of Chief Minister Thakur Sukhvinder Singh Sukhu, the State Cabinet decided to grant a special relief package for the disaster affected families across the State. Under the package, the compensation of Rs. 1.30 lakh for a completely damaged house has been increased more than five times to rupees seven lakh. Ap...
MUMBAI, India, July 28 -- Reserve Bank of India issued the following press release: On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Tuesday, July 29, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 9:30 AM to 10:00 AM August 01, 2025 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Release 201...
MUMBAI, India, July 28 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India - Digital Payments Index (RBI-DPI) since January 1, 2021 with March 2018 as base to capture the extent of digitisation of payments across the country. The index for March 2025 stands at 493.22 as against 465.33 for September 2024, which was announced on January 29, 2025. The increase in RBI-DPI index was driven by significant ...
MUMBAI, India, July 28 -- Reserve Bank of India issued the following press release: Government of India (GoI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹32,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.68% GS 2040 Jul 07, 2040 16,000 F.No.4(1)-B(W&M)/2025 dated July 28, 2025 August 01, 2025 (Friday) August 04, 2025 (Monday) 2...
MUMBAI, India, July 28 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated July 23, 2025, imposed a monetary penalty of ₹2.50 lakh (Rupees Two Lakh Fifty Thousand only) on Smriti Nagrik Sahakari Bank Maryadit, Mandsaur (Madhya Pradesh) (the bank), for non-compliance with certain directions issued by RBI on 'Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) - A Graded Approach' and 'Know Your ...
MUMBAI, India, July 28 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated July 21, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Batlagundu Co-operative Urban Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on 'Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs)' and specific directions issued by RBI under 'Supervisory Actio...
MUMBAI, India, July 28 -- Reserve Bank of India issued the following press release: The Reserve Bank has released the draft Master Direction on Business Authorization for Co-operative Banks. The comments on the draft Directions are invited from public/stakeholders till August 25, 2025. Comments/feedback may be submitted through the respective link under the 'Connect 2 Regulate' Section available on the RBI's website or may alternatively be forwarded to: The Chief General Manager Registration ...
MUMBAI, India, July 28 -- 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) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bon...
MUMBAI, India, July 28 -- 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) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bon...
MUMBAI, India, July 28 -- 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) 6,00,423.27 5.35 4.75-6.40 I. Call Money 17,742.32 5.39 4.75-5.45 II. Triparty Repo 3,88,181.05 5.32 5.20-5.40 III. Market Repo 1,92,068.35 5.39 5.00-5.50 IV. Repo in Corporate Bond 2,431.55 5.58 5.50-6.40 B. Term Segment I. Notice Money** 438.50 5.46 4.85-5.50 II. T...